meta masters guild Following the success of pre-sales, the ecosystem continues to expand. The fastest growing mobile-based play-to-earn guild continues to grow in its roadmap as it sets its pieces on the chessboard to become the largest mobile gaming guild in the Web3.
Since its pre-sale, the Meta Masters Guild has listed its tokens on a handful of new exchanges, introduced its staking feature, introduced its token-burning mechanism, and relaunched its NFT store. Is.
Meta Masters Guild Relaunches NFT Store Ahead Of Game Release
One of the latest developments in the MEMAG ecosystem is the relaunch of its NFT Store, allowing players to purchase NFTs to use in their gaming ecosystem.
In addition, the Meta Masters Guild is creating a series of fun and addictive games that allow players to equip themselves with playable NFTs and earn tokens in the form of rewards, stakes, and trades.
The platform had a successful pre-sale, in which it managed to raise $4.97 million, and is now continuing to expand on its ecosystem by relaunching the NFT Store.
The NFT Store offers a limited supply of NFTs that are playable in the game, giving players a competitive advantage to come out with a win. The store was recently upgraded as the team improved the user experience, giving them time to introduce more NFT rarities.
The NFT Store now features new Meta Kart Racers Gold and Platinum Standard NFTs, allowing users to purchase playable NFTs that can be used in the Lite version of the game – scheduled for release sometime in July 2023 .
The best thing about NFTs, besides being able to be used inside the game itself, is that they are fully upgradeable, meaning that each NFT’s base level stats can be increased by playing the game As a player improves his skills. NFTs use the ERC 721 standard, allowing NFT metadata to be upgraded as a player continues to play the game.
The rarity of NFTs will determine their base level stats, with Platinum NFTs costing more but starting with a higher level of stats. In the game Meta Kart Racers, NFTs are for both players and characters. Characters’ statistics include strength, agility, defense, range, and attack.
Karts’ statistics include acceleration, top speed, steering, braking, and power. All of these personal statistics can be improved through the game to increase the player’s potential and make them more competitive.
Users hoping to purchase these NFTs can pay using ETH or MEMAG tokens. There is also a discount code live, which offers buyers 20% off on purchases valid until May 18, 2023 – the code name is MEMAG20.
Token Staking and Burning Feature Ready to Bring Liquidity Squeeze?
In addition to relaunching the NFT store, the Meta Masters Guild recently introduced its token staking and burning mechanism, which could lead to a shortage of tokens on the open market.
The staking feature was introduced in mid-March, allowing MEMAG holders to lock up their native tokens in exchange for higher APYs.
Currently, there are three staking pools for stakeholders to choose from, one of which offers significantly higher returns for shorter periods of time.
The High APY Pool offers an incredible APY of 75% and is designed as an introduction for users.
However, this higher APY pool will only be available until the end of April, which means you need to act quickly to earn rewards from the pool.
The other two staking pools are designed to be more sustainable, offering an APY of 15% for 90-day lockups and 7.5% for 30-day lockups. So far, a total of $364,432 worth of MEMAG has been staked on the platform.
In addition to the staking mechanism, the Meta Masters Guild recently introduced its token burning feature.
The burn began in early April, and is designed to give back to the MEMAG community by removing MEMAG from the circulating supply and making the remaining tokens extremely scarce.
The team has announced that they plan to burn 150 million tokens during the burn period, with the intention of burning 50 million tokens every fortnight until 150 million MEMAGs are removed.
The tokens being burned are derived from tokens previously reserved for ecosystem growth and marketplace development.
So far, the Meta Masters Guild team has burned MEMAG tokens worth $650,000. Adding token burn with the staking mechanism analysts believe could lead to a token shortage as more tokens are staked and burned.
What’s coming next?
There is much to look forward to in the MEMAG ecosystem. In addition to the release of the first Meta Masters Guild P2E game, Meta Kart Racers – expected in July 2023 – the ecosystem is looking forward to the launch of a marketplace in Q3, allowing all players to sell their NFTs to other players.
By the time the marketplace launches, players will have time to improve the stats on their NFTs, allowing them to sell for higher prices.
In addition, the Meta Masters Guild also intends to introduce an NFT staking platform in Q4 2023, allowing all NFT owners to earn income by renting out their NFTs to play with other players.
Overall, the Meta Masters Guild is on track to become the largest P2E ecosystem and the largest mobile-based gaming guild in the Web3 by 2023.
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