In this article, we'll discuss information about the Metakings project and MTK token. What is Metakings (MTK) | What is Metakings token | What is MTK token?
Metakings is a battle world powered by artificial intelligence in which anybody may earn tokens via competent gameplay and contributions to the ecosystem. Players may engage in combat, acquire resources, grow their characters, and construct a land-based kingdom for them.
Third-party developers may readily access all art assets and Metakings genetic data, allowing them to create their own tools and experiences in the Metakings Metaverse.
While we are still in the early stages of development, Metakings aims to be the #1 BSC game in terms of daily, weekly, and monthly active players.
While Metakings is a fun game, it has evolved into a social network and job platform as a result of the strong community and chances for play to earn that have resulted from its early popularity.
The primary distinction between Metakings and a traditional game is that our participants are rewarded for their contributions to the ecosystem via a Blockchain economic framework. This new gaming concept has been coined "play to earn." Thousands of gamers from underdeveloped nations have flocked to Metakings in search of a fresh revenue source during the Covid epidemic. Many of these participants are dads, aunts, and even grandparents who have never heard of Blockchain technology!
Earnings are possible through the following methods:
Farming to obtain the love potions required to breed Metakings. These may be traded on cryptocurrency exchanges like Pancakeswap and Binance.
Beginning in 2021, players can acquire a governance token, $MTK, which represents a genuine chunk of the game world due to its governance rights and fee sharing. Due to the fact that players may gain this token through gameplay, a Ready Player One-style quest evolves in which players can earn a piece of the universe. These tasks, on the other hand, are not winner-take-all and reward players based on their work and talent.
The Mission of Metakings
Metakings was created as a method to teach the public about blockchain technology in an entertaining and instructive way. Many of the founding team members met while playing Decentraland ($MANA), their first exposure to Blockchain technology for purposes other than pure speculation. They quickly began developing Metakings in order to bring the power of Blockchain technology to billions of gamers.
We believe in a future in which work and pleasure become inextricably linked.
We are committed to developing our athletes and providing them with economic prospects.
Most importantly, we believe that combating and collecting adorable animals has the potential to improve the world.
Metakings AI is organized as an ever expandable digital war world. The Metakings core team will collaborate with the community to develop functionality for the game assets linked with the Metakings brand. Above all else, the Metakings world must be enjoyable; only an engaging game experience can attract enough players to generate value to the network.
Tournaments and Rewards
The Metakings combat system is well-suited for competitive play and Esports because to its skill-based, competitive character. This, we feel, is a vital part of future development, as seen by how involved players become when money is on the line. Players of Metakings have already won thousands of dollars in binance rewards via a variety of events run by the core team or third-party sponsors.
ARENAS are the habitats for Metakings($MTK). ARENAS is a non-fungible token that may be acquired or created with $MTK, BUSD, or Crystals. ARENAS enable a player to create MTK Crystals directly and earn BUSD via games.
ARENAS of different sorts have varying affects on Metakings character abilities and MTK Crystal crafting prices.
Players may generate cash by leasing their Habitat to other players. Each Habitat may host a maximum of one Metaking character at a time.
A Player's Habitat must be maintained on a regular basis using crystals, otherwise it will deteriorate and cease producing BUSD.
Metakings enables participants to generate revenue through two distinct economies:
The thriving PFP (Profile Picture) NFT economy as a result of the upgrading of the Metaking's speculative value.
Our painstakingly developed Play-to-Earn economy, which includes making, leasing, purchasing, and selling in-game products such as crystals and ARENAS. Free players have access to just the first economy, whilst paid players have access to both.
Based on established concepts in non-blockchain mobile games, Metakings automatically enrolls all players in a Free-to-Play economy in which their in-game activities are monetarily rewarded via the long-term value appreciation of their Metaking.
As the player upgrades powers and cosmetics, grinding raises the theoretical worth of a Metaking NFT. Free players' meddlings effectively build sweat equity. Once a certain amount of time and effort has been put in a Metaking, it becomes valuable and tradeable in the decentralized marketplace.
At this stage, players may either sell their game characters to other players looking to acquire a Metaking in order to get an advantage in the game, or invest in the long-term worth of a Metaking, which is determined by the demand and rarity of its developed features.
Free players who weary of grinding or want to accelerate their in-game progression and raise the value of their Metaking may buy a Habitat to enter the paid side of the economic flywheel and earn $MTK in addition to XP. Additionally, Habitat owners will benefit from the MTKration, crafting, and selling of MTK Crystals and ARENAS on a consistent basis. The purchase of a Habitat serves as a gateway between the free-to-play and pay-to-win segments of our in-game economy.
This not only establishes two economies in which players may earn, but also significantly expands the marketplace possibilities, since Metaking NFTs, ARENAS, and Refined Crystals are all sold amongst players ready to pay to advance quicker. This is the basis for our economic approach, which allows us to build and extend the game's content as it gains popularity.
We will enable Metakings to equip skills and things that are manufactured using a formula of BUSD, $MTK, and crystals purchased and sold on the in-game marketplace, so increasing the economy even more.
Metakings ($MTK Token)
Metakings (MTK) is the Metakings Universe's governance token. It is a BEP-20 token. MTK holders will be eligible for incentives if they stake their tokens, engage in the game, and vote on critical governance issues. Additionally, players will be able to earn $MTK by participating in different games inside the Metakings Universe and by submitting user-generated content.
Our objective with Metakings is to provide innovative and intriguing incentives for both gamers and developers. The techniques outlined above have two primary objectives: To incentivize players to engage with Metakings while also motivating them to save their tokens in order to claim extra incentives. To decentralize metaking ownership and control. We want Metakings to be the first game that is fully owned and controlled by the players. This offers up an infinite number of options, but must be addressed with caution. Historically, initiatives have been abandoned and became stagnate under the guise of "decentralization." The transition to a truly decentralized organization will take place incrementally over time. The Community Treasury will be operational in early 2022. The Community Treasury will begin receiving funds through Metakings and a percentage of staking rewards. Eventually, after the network has grown sufficiently decentralized, this treasury will be administered by MTK stakeholder.
There will be an internal NFT marketplace where players will be able to improve their Guild and the economy by letting them trade, sell or acquire NFTs. These trades will have a 15% tax cost for using the marketplace in any of their forms and will be returned to the Rewards Pool.
Exhausted fleets can't be listed on the Marketplace.
Here we aim to explain the tokenomics of the $MTK token, rigorously breaking down the total maximum supply, the role to be played by $MTK holders in decentralised governance and supporting the ecosyst
$MTK serves as the native currency for Metakings. Players use $MTK to mint characters, mint arenas, extending the lives of your characters by hiring and Buy/Sell on the Metakings Marketplace. There is a maximum supply of 1,000,000,000 $MTK tokens. Liquidity will be locked and the Game rewards will be vested for 6 months.
Please note that development is a fluid process and all dates are subject to change. Any significant delays would be communicated to the community as early as possible. Timeline assumes no major road
How and Where to Buy MTK token?
MTK token is now live on the Binance mainnet. The token address for MTK is 0x129385c4acd0075e45a0c9a5177bdfec9678a138. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough BNB in your wallet to cover the transaction fees.
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You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
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Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
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Transfer $BNB to your new Metamask wallet from Binance wallet
Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy, Swap MTK token
The top exchange for trading in MTK token is currently: PancakeSwap (V2)
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