MetaToken, a new Web3 casino project on the Ethereum and TON network, has successfully closed its private funding round, raising an impressive $5 million in just one week. The project is preparing to enter its presale stage on June 15th, followed by a public round on July 15th. Currently, an audit of the project is in progress to ensure transparency and security.
“The overwhelming support and rapid investment we received in our private round signify a strong vote of confidence in MetaToken’s vision and potential,” said Dmitry, the CEO of MetaToken. “There’s a growing demand for online Casinos, and we provide a platform where users get a fair chance at rewards with a token that has comprehensive utility. This simple and transparent model has been our biggest appeal in the private funding round.”
MetaToken’s Immersive Gambleverse
MetaToken is looking to transform the online casino industry by developing an immersive Web3 gambling ecosystem centered around its native cryptocurrency, the MTK token. Officially launched in early 2023, MetaToken has quickly gained momentum, offering players access to various high-return gambling products. These include the Wheel of Fortune, lotteries, and crypto staking opportunities.
According to the project’s developers, future offerings will include exclusive games designed for token holders and virtual poker tournaments featuring real dealers in individual VR spaces. They are also planning to launch a custom, AI-based white-label solution for creating and managing Web3 casinos, complete with built-in tools and ready-made assets.
The project’s slogan, “Don’t earn in the casino, earn with the casino,” reflects its unique approach. By investing in the MTK token, participants contribute to the liquidity pool, enabling the casino to increase profits and expand into new markets. In return, investors will gain expanded opportunities to earn within the Web3 gambling domain.
$MTK: A Long Bet?
One of MetaToken’s key strengths lies in its simple tokenomics, designed to encourage long-term participation and generate real value for $MTK. Developers emphasize several benefits for token holders, such as staking, temporary token locks, and significant involvement of $MTK in the ecosystem’s operations. These features are intended to ensure the token’s growth and stability.
MTK token holders also have the opportunity to become the casino’s “co-founders,” sharing in its success. Each week, 45% of the net profits will be distributed among the stakers. With the launch of the project’s second stage, token holders will also gain access to exclusive Web2 games developed in partnership with the licensed gaming provider INOUT, as well as Web3 lotteries. Additionally, half of the tokens lost in games will be burned, reducing the overall supply of $MTK and increasing its value over time.
The project’s third stage will see MTK forming the foundation of the VR GAMBLEVERSE, MetaToken’s immersive gambling ecosystem. This new platform aims to bridge the gap between traditional Web2 casinos and the Web3 ecosystem through augmented reality (AR) technologies. MetaToken’s Whitelabel product will allow anyone, from casino owners to ordinary users, to launch their own Web3 casino, opening up new avenues in the gaming business.
Available Features and Future Plans
The next milestones for MetaToken will be its upcoming funding rounds: a $4 million presale starting next month on June 15 and a $1 million public sale beginning on July 15. To promote stability in the tokenomics, tokens purchased during these stages will be unlocked gradually.
Currently, players can enjoy the platform’s standard features, which include an ever-growing list of games, tournaments, cashback offers, lotteries, and bonus promotions. On April 21st, the team successfully rolled out a comprehensive platform update and launched the LuckySpin tournament, which concluded on April 28.
Engage with MetaToken at MAC Conference
The MetaToken team will attend the MAC conference in Yerevan, Armenia, scheduled for May 30-31, 2024. Visitors will have the unique opportunity to meet the MetaToken project team and learn more about the project’s intriguing aspects. This in-person interaction allows for direct engagement, where attendees can ask questions and gain deeper insights into the project’s vision and future plans.
Overall, MetaToken is setting a new standard in the online casino industry with its comprehensive and transparent Web3 gambling ecosystem. The successful closure of its $5 million private funding round and the upcoming presale and public rounds highlight the community’s strong interest and confidence in this ambitious project.
About MetaToken
MetaToken is an immersive casino harnessing Web3 technology to disrupt the current gambling experience. MetaToken shares its on-chain profits with players who invest in its $MTK token liquidity pool and burns 50% of player losses to decrease the token’s supply.
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