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Megaverse Token and Tokenomics: A Brief Overview

Bitcoinist
by Bitcoinist
Last Updated: April 13, 2022 7:56 am
·
Posted in Sponsored Article
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Currently built on Polygon, Megaverse is set to emerge as a multichain metaverse for social media users and global communities around celebrities, art, films, sports, and entertainment. Megaverse plans to make its ecosystem truly global in that it would be inclusive of communities that are comparatively less popular, nonetheless massive in terms of fan engagement. This includes fans of non-Hollywood celebrities, communities around offbeat interests, niche sports, etc.

As a metaverse project, Megaverse is poised to make fan engagement not just a fully-immersive experience but also a financially fulfilling one. For instance, with Megaverse, a fan of FC Barcelona will have the opportunity to buy their own private plot and watch its value rise as the community grows. All of this is possible because of the project’s vision of making the Metaverse inclusive for “All.”

Mega Token Fueling the Mega DAO Ecosystem

Megaverse is built by the community and for the community. Therefore, it employs its native token Mega to hand over governance duties to its communities. For example, users can use this token to vote for a change, among other things. The token also will play a significant role in tying in the various earning opportunities that this platform will present, such as the following:

  • Mega NFTs will enable budding collectors to create, exchange, and sell their NFTs within the Mega DAO Ecosystem. NFTs minted within Megaverse can be sold in the MegaFi marketplace for Mega tokens native to Megaverse. The proceeds of NFT sales will always go to the creators, minus a small transaction fee.
  • MegaFi or Mega Finance will be a decentralized exchange that includes swap, farm, pool, NFT marketplace, staking, and a launchpad for new crypto, gaming, and metaverse projects.

The Mega token is a one-way ticket to the suite of features that Megaverse will open.

Mega Token Public Sale on the Way, So Know the Tokenomics

The total supply of Mega tokens is 10,000,000,000.

  • 20% of the supply would rest in the hands of the Megaverse team and advisors.
  • 5% of the supply has already been sold out during the Presale.
  • 21% of the supply would be dedicated to ecosystem development.
  • 27% of the supply will go into the treasury.
  • 7% will be distributed among Megaverse partners.
  • 5% of the total supply of Meta tokens will be distributed to the general public.

Mega tokenomics

The initial offering of Mega Token was successfully carried out in February, with 2.5% of the total supply being sold at $0.01. The Mega Token Public Sale is the current focus scheduled to be held on Copper Launch very soon.

Unlike most ICOs, Mega Token Public Sale will be spread among three separate events known as Series A, B, and C—all of which will take place on Copper Launch, giving all investors equal opportunity to participate.. According to the Megaverse team, a triple-layered approach to raising funds will bring about a consistent, goal-oriented development of the project.

Each round will allocate 7.5% of the total token supply adding up to 22.5% (the allocation dedicated to public sale investors) by the end of round 3. There’s no vesting period for public investors. The floor price for the Series A public sale on Copper Launch will be set at $0.025.

About Megaverse

Megaverse DAO is a multichain experience built to introduce social media users and the world’s most active global communities to the metaverse. Megaverse is the cornerstone of the wider Mega DAO Ecosystem, which incorporates elements of DeFi, an NFT marketplace for creators specific to Megaverse and play-to-earn games. Megaverse’s mission is to accelerate immersive fan engagement through VR/AR and while doing so empower these communities.

A glimpse of the Matic Headquarters on Megaverse

Megaverse also has a plethora of strategic partners, the most notable being Polygon. It was in February 2022 that Megaverse announced partnering with Polygon Studios for various marketing activities. Megaverse will be initially launched on the Polygon network, and both teams are working on establishing a Polygon headquarters on Matic island on Megaverse.

Learn more here:

  • Website: https://bit.ly/3jgT9kH
  • Twitter: https://twitter.com/MegaverseGame
  • Discord: https://bit.ly/3Jr9jmi
  • Telegram: https://t.me/megaversegame

 

 

 

 

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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