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What is Metakings (MTK) | What is Metakings token | What is MTK token
In this article, we’ll discuss information about the Metakings project and MTK token. What is Metakings (MTK) | What is Metakings token | What is MTK token?
Metakings is a battle world powered by artificial intelligence in which anybody may earn tokens via competent gameplay and contributions to the ecosystem. Players may engage in combat, acquire resources, grow their characters, and construct a land-based kingdom for them.
Third-party developers may readily access all art assets and Metakings genetic data, allowing them to create their own tools and experiences in the Metakings Metaverse.
While we are still in the early stages of development, Metakings aims to be the #1 BSC game in terms of daily, weekly, and monthly active players.
While Metakings is a fun game, it has evolved into a social network and job platform as a result of the strong community and chances for play to earn that have resulted from its early popularity.
The primary distinction between Metakings and a traditional game is that our participants are rewarded for their contributions to the ecosystem via a Blockchain economic framework. This new gaming concept has been coined “play to earn.” Thousands of gamers from underdeveloped nations have flocked to Metakings in search of a fresh revenue source during the Covid epidemic. Many of these participants are dads, aunts, and even grandparents who have never heard of Blockchain technology!
Earnings are possible through the following methods:
- Participating in PVP fights with the chance to earn leaderboard awards.
- Breeding $MTK with the purpose of reselling them on the market.
- Collecting and speculating on rare Mystics and Origins.
Farming to obtain the love potions required to breed Metakings. These may be traded on cryptocurrency exchanges like Pancakeswap and Binance.
Beginning in 2021, players can acquire a governance token, $MTK, which represents a genuine chunk of the game world due to its governance rights and fee sharing. Due to the fact that players may gain this token through gameplay, a Ready Player One-style quest evolves in which players can earn a piece of the universe. These tasks, on the other hand, are not winner-take-all and reward players based on their work and talent.
The Mission of Metakings
Metakings was created as a method to teach the public about blockchain technology in an entertaining and instructive way. Many of the founding team members met while playing Decentraland ($MANA), their first exposure to Blockchain technology for purposes other than pure speculation. They quickly began developing Metakings in order to bring the power of Blockchain technology to billions of gamers.
We believe in a future in which work and pleasure become inextricably linked.
We are committed to developing our athletes and providing them with economic prospects.
Most importantly, we believe that combating and collecting adorable animals has the potential to improve the world.
Metakings AI is organized as an ever-expandable digital war world. The Metakings core team will collaborate with the community to develop functionality for the game assets linked with the Metakings brand. Above all else, the Metakings world must be enjoyable; only an engaging game experience can attract enough players to generate value to the network.
Tournaments and Rewards
The Metakings combat system is well-suited for competitive play and Esports because of its skill-based, competitive character. This, we feel, is a vital part of future development, as seen by how involved players become when money is on the line. Players of Metakings have already won thousands of dollars in binance rewards via a variety of events run by the core team or third-party sponsors.
ARENAS are the habitats for Metakings($MTK). ARENAS is a non-fungible token that may be acquired or created with $MTK, BUSD, or Crystals. ARENAS enable a player to create MTK Crystals directly and earn BUSD via games.
ARENAS of different sorts have varying affects on Metakings character abilities and MTK Crystal crafting prices.
Players may generate cash by leasing their Habitat to other players. Each Habitat may host a maximum of one Metaking character at a time.
A Player’s Habitat must be maintained on a regular basis using crystals, otherwise it will deteriorate and cease producing BUSD.
Metakings enables participants to generate revenue through two distinct economies:
The thriving PFP (Profile Picture) NFT economy as a result of the upgrading of the Metaking’s speculative value.
Our painstakingly developed Play-to-Earn economy, which includes making, leasing, purchasing, and selling in-game products such as crystals and ARENAS. Free players have access to just the first economy, whilst paid players have access to both.
Based on established concepts in non-blockchain mobile games, Metakings automatically enrolls all players in a Free-to-Play economy in which their in-game activities are monetarily rewarded via the long-term value appreciation of their Metaking.
As the player upgrades powers and cosmetics, grinding raises the theoretical worth of a Metaking NFT. Free players’ meddlings effectively build sweat equity. Once a certain amount of time and effort has been put in a Metaking, it becomes valuable and tradeable in the decentralized marketplace.
At this stage, players may either sell their game characters to other players looking to acquire a Metaking in order to get an advantage in the game, or invest in the long-term worth of a Metaking, which is determined by the demand and rarity of its developed features.
Free players who weary of grinding or want to accelerate their in-game progression and raise the value of their Metaking may buy a Habitat to enter the paid side of the economic flywheel and earn $MTK in addition to XP. Additionally, Habitat owners will benefit from the MTKration, crafting, and selling of MTK Crystals and ARENAS on a consistent basis. The purchase of a Habitat serves as a gateway between the free-to-play and pay-to-win segments of our in-game economy.
This not only establishes two economies in which players may earn, but also significantly expands the marketplace possibilities, since Metaking NFTs, ARENAS, and Refined Crystals are all sold amongst players ready to pay to advance quicker. This is the basis for our economic approach, which allows us to build and extend the game’s content as it gains popularity.
We will enable Metakings to equip skills and things that are manufactured using a formula of BUSD, $MTK, and crystals purchased and sold on the in-game marketplace, so increasing the economy even more.
Metakings ($MTK Token)
Metakings (MTK) is the Metakings Universe’s governance token. It is a BEP-20 token. MTK holders will be eligible for incentives if they stake their tokens, engage in the game, and vote on critical governance issues. Additionally, players will be able to earn $MTK by participating in different games inside the Metakings Universe and by submitting user-generated content.
Our objective with Metakings is to provide innovative and intriguing incentives for both gamers and developers. The techniques outlined above have two primary objectives: To incentivize players to engage with Metakings while also motivating them to save their tokens in order to claim extra incentives. To decentralize metaking ownership and control. We want Metakings to be the first game that is fully owned and controlled by the players. This offers up an infinite number of options, but must be addressed with caution. Historically, initiatives have been abandoned and became stagnate under the guise of “decentralization.” The transition to a truly decentralized organization will take place incrementally over time. The Community Treasury will be operational in early 2022. The Community Treasury will begin receiving funds through Metakings and a percentage of staking rewards. Eventually, after the network has grown sufficiently decentralized, this treasury will be administered by MTK stakeholder.
There will be an internal NFT marketplace where players will be able to improve their Guild and the economy by letting them trade, sell or acquire NFTs. These trades will have a 15% tax cost for using the marketplace in any of their forms and will be returned to the Rewards Pool.
The marketplace will use $MTK as its default token and users will stipulate the price of their NFT however they see fit, so be on the lookout for the next bargain!
Exhausted fleets can’t be listed on the Marketplace.
Here we aim to explain the tokenomics of the $MTK token, rigorously breaking down the total maximum supply, the role to be played by $MTK holders in decentralised governance and supporting the ecosyst
$MTK serves as the native currency for Metakings. Players use $MTK to mint characters, mint arenas, extending the lives of your characters by hiring and Buy/Sell on the Metakings Marketplace. There is a maximum supply of 1,000,000,000 $MTK tokens. Liquidity will be locked and the Game rewards will be vested for 6 months.
- Contract Address: 0x129385c4acd0075e45a0c9a5177bdfec9678a1381
- Name: Metakings Token
- Symbol: MTK
- Decimals: 18
- Network: Binance Smart Chain
- Total Supply: 1.000.000.000
- Presale/IDO: 30%
- Development: 10%
- Game Rewards: 10%
- Referrals & Bounties: 5%
- Burn: 20%
- Team: 5%
- Liquidity: 20%
Please note that development is a fluid process and all dates are subject to change. Any significant delays would be communicated to the community as early as possible. Timeline assumes no major road
- Initial Prototype + Smart Contract build — September 2021 — ✔️
- Launch Social Media + Landing Website — December 2021 — ✔️
- Audit Contract — December 2021 — December 2021✔️
- Public Pre-Sale — December 2021 — December 2021✔️
- Liquidity on Pancakeswap — December 2021 —
- Listing on CoinMarketCap / CoinGecko — December 2021
- First Cinematic & Auto Battler Trailer — December 2021
- Influencers Marketing — January 2022
- Expeditions perks — January 2021
- Strategic Partnerships-January 2022
- Expand developers team — January 2022
- Beta testing Game release (Play to Earn and Marketplace) — January 2022
- Characters & Arena’s deployment — January 2022
- Community Game Launch (MTK) — February 2022
- Multiple exploration trips — February 2022
- Use the claimable $MTK to pay for in-game items (contracts) — February 2022
- Grow community — February 2022
- More CEX Listings — February 2022
- More options to grow and improve your guild — March 2022
- Design more Arenas and characters — March 2022
- Transition to Unreal Engine- March 2022
- PVP Fights — December 2021 — March 2022
- Mobile Release (IOS & Android) — March 2022
How and Where to Buy MTK token?
MTK token is now live on the Binance mainnet. The token address for MTK is 0x129385c4acd0075e45a0c9a5177bdfec9678a138. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough BNB in your wallet to cover the transaction fees.
Metatoken (MTK) Review (7.67/10⭐)
Click to see screenshots MetaToken is meant to be used as a medium of exchange in the Metaverse2. The Solana token provides a secure and decentralized method of paying for goods and services, and it is used by participants in the Metaverse2. The MTK token lives on the Solana network, one of the most popular blockchains.
MTKUSDT (0.35%)
$0.000853 October 2, 2023, 1:32 pm [UTC]
Visitor Consensus on Metatoken Today 
MTK token is meant to be used on the Metaverse2, which is a real estate platform that is based on real-world regions. You can buy land in the Metaverse and construct buildings, mining machines, and factories if you got MetaTokens in your wallet. As the Metaverse2 grows in popularity, it will be possible to monetize more content on the platform. Learn more about MTK by continuing below.
A Bit About Metatoken
Metatoken and the Metaverse2 are simply meant to overcome the limitations of the physical space. It works just like Facebook’s Metaverse but has not yet grown sufficiently. Each land or tile in this platform has a unique identifier, and as soon as participants transfer Metatokens, ownership will change in real time. You will be able to mark your property with a flag of your country.
To obtain Metatokens, you can visit a crypto exchange or mine the tokens from your tiles. The number of Metatokens you can mine will be proportional to the size of the land. Note that mining will be a lot easier in the initial phases of the Metaverse2 as this will encourage participation. The efficiency of mining will be reduced at each phase of the project. Another way of obtaining MTK is to offer advertising space on your buildings. As noted earlier, these tokens are meant to be used as a medium of exchange in the Metaverse2. Prices in this platform are set by participants, but the platform limits the prices to a maximum of 2 times the buying price. This system makes it harder for participants to get priced out of the platform.
Utility of Metatoken?
MetaToken is meant to be used as the medium of exchange on MetaVerse2. You can use it to buy land or other items on the metaverse. It is also used to pay fees for advertising services and rentals on the platform. If you need to construct buildings on this platform, you will be required to spend Metatokens. The token is decentralized, and all transactions will be recorded on the blockchain.
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О Metatoken
What Is Metatoken (MTK)?
MetaToken is a key currency that starts with Metaverse 2 and plays a key role in building a huge ecosystem by combining the blockchain network with Metaverse 2 World and other metaverse services and NFT services. MetaToken aims to connect all metaverse services.
Metatokens are basic utility tokens used for:
- Goods for all land, item, and resource transactions within the Metaverse 2 platform
- Goods for all item transactions within the Metaverse 2 World platform
- Fees for advertising services and rentals within the entire Metaverse 2 platform
Meta tokens are used in various places such as content usage fees within Metaverse 2 and can be obtained through mining. In addition, within Metaverse 2, users can produce NFT items through the Metaverse 2 editor and trade directly with Meta tokens or through external markets. Users can mine meta tokens from their tiles. As for the amount of meta token mining, when the landmark mining amount is 100%, 95% of the meta token is mined in semi-landmark, and 90% of the meta token is mined in general land, and the amount of tokens mined is proportional to the land price.
The meta token ecosystem will be connected and developed with blockchain services around the world in the future.
What Makes Metatoken Unique?
Metaverse 2 is a real estate platform based on real-world regions. It is based on a reality map that is friendly even to beginners, so many participants can easily access it, so it can secure a large number of members. In addition, not only based on land, but also cryptocurrency staking service, mining various resources on land, or manufacturing work that constructs factories to perform secondary and tertiary processing, etc. We want to provide a platform for users to engage in various activities.
Unlike other real estate platforms, Metaverse 2 goes beyond the concept of simply owning land, and constructs factories, mining machines, and buildings on the land it owns to mine various resources and uses the mined resources for secondary and tertiary process work. This allows users to construct their own buildings. Values can be determined by participant abilities and ideas. Based on this, active participation of users is increased, and various outputs such as building NFT minting through sale of processed resources or building construction, building advertisements, and exhibitions can be expected. We anticipate that the Metaverse market will grow exponentially by making it possible for users to monetize a lot of content within the Metaverse 2 platform.
Who Are the Founders of Metatoken?
How Many Metatoken Are There in Circulation?
Metaverse2 uses a utility token called MTK. The issuance of meta tokens is 1 billion, and the number of users holding 105 million is in circulation. About 50 million pieces (land transaction fee, resource transaction fee buyback volume) are locked up as the company's holdings.
ICO did not proceed and was distributed as events and mining on the Metaverse 2 platform. About 35,000 meta tokens are mined per day.
In addition, meta tokens are locked up for a 5% fee for resource transaction and a land transaction fee. When new land is opened, the first tile purchase will be incinerated.