METAGARDEN
METAGARDEN is the utility token of Metagarden, the play-to-earn Platform with mini-games. It plays a key role in platform functionality.
Tokens Utility
Rewards
Influencer Reward
The payment of prizes and rewards for various useful actions taken on the Platform, including actions taken off the Platform to promote the Project, as well as referral rewards.
Royalties
Platform users with over 100 miners can receive royalties from all Platform games for 2 years.
Staking Token
Players can gain additional privileges on the Platform for staking METAGARDEN tokens.
Hodl Reward
When players have METAGARDEN on their game balance, they can receive rewards on the balance at a fixed rate.
Farming Token
METAGARDEN is a token that is required to participate in the liquidity programmes set up by the game developers.
Functions
Unified Game Token
If the game does not have its own token, METAGARDEN is used to pay for the game rounds presented on the mini-game Platform.
Hit Launching (voting for games)
It is the METAGARDEN miners who receive voting VOTES tokens. These tokens select the most promising games and entitle them to airdrops and discounts of up to 99% before launch.
Payment for Game Elements
Users will be able to purchase various game elements, such as NFTs, boosts, loot boxes, in-game art, and more for METAGARDEN tokens.
The DAO Governance
Through the METAGARDEN token and its mining process, governance tokens VOTES are issued. VOTES tokens are used to make decisions about the development and promotion of the platform.
Cross-Game Reputation
Using the METAGARDEN token, we'll be able to assess the player's involvement on the Platform, get proof of their reputation on the Platform, which will be recorded on the blockchain and broadcast for all games on the Platform, and also visible and provable to all users of this information.
Cross-Game Liquidity
Through the METAGARDEN token, the tokens of the mini-games presented on the Platform can be exchanged with a maximum of liquidity. With the METAGARDEN token, users can play any game on the Platform, even those in which other tokens are used. The exchange within the Platform is organised with maximum simplicity and profit.
Economics
DAO commission
1% to 10% of the commission from all game rounds will be collected and sent to the Platform's Decentralised Autonomous Organisation for Project development and promotion.
Liquidity Pools
When new games are launched on the Platform, their developers will provide liquidity to their tokens by creating a pool with METAGARDEN.
Collateral
Platform players will be able to pledge their METAGARDEN tokens as collateral for other assets and game elements. It will also be possible to use the METAGARDEN pledge to obtain assets in other blockchains of the user's choice (USDT, BNB, ETH, BTC).
Launch Fee
At the launch of each new game on the Platform, a fixed number of METAGARDEN tokens will be burned.
Buyback and Burn
METAGARDEN tokens are burned after each game round. This ensures a deflationary tokenomics model.
Insurance
Platform players can use METAGARDEN to insure the outcome of rounds and receive compensation if defeated.
Circulation and Price
The METAGARDEN token is represented on several blockchains:
Currently, there are about 1,000,000 tokens in free circulation on the market.
The starting price of the METAGARDEN token was $0.01, and for the first time it appeared in the decentralized liquidity pool on Minter DEX.
Gamified Token Mining
METAGARDEN tokens get distributed through gamified mining, perhaps one of the most innovative ways to distribute crypto tokens.
To become a Miner, any user can purchase a virtual Miner for a fixed price. This gives the user the right to issue a quota of METAGARDEN tokens for free circulation within 5.5 years (2000 days).
For your convenience, the mined METAGARDEN tokens will be automatically converted into USDT stablecoin.
Current miner price$160
Privileges of the Miner
Free tokens of games released on the platform (project airdrops)
Mining of VOTES tokens on a daily basis, which allow users to vote for new games on the platform and to receive bonuses from these projects
Up to 99% discount on the purchase of new game tokens
Daily free in-game items to sell or trade
Pricing for Miners
The pricing of the Miners uses a quadratic model, whereeach successive level of the Miner selling price is twice as expensive and has twice as many tokens in supply. The supply volume of tokens can be reduced at any of the levels, but should not exceed the specified values.
PRICE AND VOLUME OF METAGARDEN TOKENS on sale at the specified price
For example, at the first level of the quadratic model, miners are offered for $40 (which secures the right to issue 1000 tokens in 2000 days). At this level, there is a quota of 4000 slots.
At the second level of the quadratic model, miners cost $80 per unit (1000 tokens) and the total number of miners at that level is 8000, etc.
This model does not concentrate a large volume of METAGARDEN tokens in the hands of one group of users. The tokens are mined at a low price.