The Meta Masters Guild expansion continues as investors quickly rush to get a piece of the native token – MEMAG – before the token burning mechanism and NFT store go live. The token has enjoyed a wave of listings across the industry, with the latest addition being Changelly Pro.
The platform is set to become the largest mobile gaming guild in Web3, with three games already plowing through development. Keep reading to learn why traders are rushing to buy MEMAG ahead of the game launch and the token burn.
The World’s Largest Web3 Mobile Gaming Guild
Meta Masters Guild is the fastest-growing Play-to-Earn gaming guild of 2023. The platform aims to create fun and addictive mobile-based games incorporating playable NFTs, creating an ecosystem allowing players to earn rewards, stake their assets, and trade NFTs.
The project recently concluded its explosive presale, in which the native token raised $4.97 million. With the token officially launched on exchanges, investors are now looking forward to the release of the first game, the incoming token burning mechanism, and the upcoming MEMAG NFT store, as they believe there is room for explosive growth ahead for the token.
Most investors believe that MEMAG has room for growth because all of the games in the Meta Masters Guild ecosystem incorporate the MEMAG token, creating a wide range of utility.
Listing on Changelly Pro Continues Tier-1 Exchange Presence
In addition to its utility, MEMAG has also been adopted by some of the industry’s largest centralized and decentralized exchanges. Recently, MEMAG was listed on Changelly and Changelly Pro, an exchange that conducts over $1 billion in combined daily trading volume.
$MEMAG by @MEMAGgames is now listed on Changelly! 🚀@MEMAGgames is a #Web3 gaming guild run by the community and powered by $MEMAG 🎮
Exchange $MEMAG ➡️ https://t.co/ZIERHHj0xf pic.twitter.com/lZk1aMTors
— Changelly (@Changelly_team) March 30, 2023
With the addition of Changelly and Changelly Pro, MEMAG is now officially listed on five of the top-tier exchanges in the crypto sector, including BitMart, HitBTC, and XT.com. In addition, the token is also listed on the world’s largest decentralized exchange, Uniswap, providing an avenue to trade the token without having to surrender token custody.
Staking Already Launched, and Token Burn Incoming
Alongside the in-game utility and the exchange listings, investors believe that the newly released staking feature and the incoming token-burning mechanism will provide further utility to the token.
The staking feature was launched in March 2023, designed to provide a method to reward participants willing to secure the network. Currently, the staking system offers three separate staking pools.
Hello there, #MEMAGFAM! 🤘$MEMAG Staking has officially launched!💰
We're thrilled to announce that over 10M tokens have been staked in under 2 hours!🤑🤯
Who else is ready to join the party? 🎉
Don't wait any longer! Stake your tokens today! ⏳https://t.co/H0sibuDs3i pic.twitter.com/etQJF6GpDS
— Meta Masters Guild Games (@MEMAGgames) March 15, 2023
The first pool provides an incredible 75% APY for stakers with a seven-day lockup period. This pool is designed as an initial offer to encourage users to participate in the staking pools and will only be available until the end of April. As a result, stakers in this pool are able to get an extra 9% on their tokens if their assets remain staked during the period.
The second and third staking pools provide a 7.5% and 15% APY, respectively. The second pool requires a 30-day lockup period, and the third requires 90 days. These pools are designed to provide more sustainable rewards for users staking in the MEMAG ecosystem over the longer term.
Although the staking provides very solid returns, one main reason traders are rushing to buy MEMAG is to take advantage of the lower prices before the token-burning mechanism goes live in April 2023.
Token burning is a process where the team removes a percentage of the total supply from existence. As a result, this makes the remaining tokens much more scarce and, hopefully, more valuable. Token burns have long been known to provide substantial price hikes, with Binance’s own coin, BNB, being one of the main examples.
The MEMAG team has stated they will be burning a total of 150 million MEMAG tokens to give back to the community. The token burn is scheduled to commence in April, with 50 million MEMAG tokens being burnt every fortnight until a total of 150 million tokens are burnt. 75 million MEMAG for the burn will come from tokens previously allocated for the Ecosystem, with the other 75 million coming from the Marketplace.
Game Development on Track with NFT Store Already Live
Finally, traders believe MEMAG is a great investment opportunity because the team has consistently proved its competency to the community. One of the largest buzzes in the community is related to the release of the first Meta Masters Guild game, Meta Kart Racers.
Meta Kard Racers is a player-vs-player racing game built for mobile devices. In the game, players compete with one another as they race to escape the evil Meta Overlords. In addition, players can earn tokens in the game by collecting GEMs for their performance on the track. Gamearound, a prominent Web3 mobile game developer, is developing the game.
The team expects that there will be a fully playable lite version of the game ready by June or July this year. The game is being developed over five monthly sprints, with the present stage being the second sprint. Once the lite version is released, the team will ask for community feedback to improve the game and add more functions before the official release later in the year.
In addition to the incoming games, a MEMAG NFT store recently went live and offered a limited supply of NFTs that are playable in-game. The cool thing about MEMAG NFTs is that they are fully upgradeable, as they are based on the ERC-721 standard. As a result, the NFT base-level stats can be increased through gameplay by collecting GEMs and converting them to MEMAG for upgrades. Additionally, the team has stated there’s an entire UX overhaul coming in April to get excited about.
Buy MEMAG Before the Herd Catches On
With such a budding ecosystem, it’s no surprise that traders quickly rush to buy MEMAG before the price explodes. With the token burn on the horizon, there’s plenty to look forward to for Meta Master Guild investors.
Visit Meta Masters Guild Today
Buy MEMAG: XT.com
Buy MEMAG NFTs: Memag.io
Twitter: Join MEMAG Twitter
Telegram: Telegram: Join Group Chat
Facebook: MEMAG Facebook Page
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