MetaToken, a casino project built on Ethereum and TON, has recently completed its private funding round, securing an impressive $5 million in just one week. This accomplishment has positioned MetaToken as a formidable player in the industry and highlights the growing interest in innovative gaming platforms. The project is now in the presale stage and is currently undergoing an audit.
MetaToken aims to create an immersive Web3 gambling ecosystem through its ambitious online casino, utilizing the MTK token. Since its official launch in early 2023, the project has gained significant traction. The casino now offers a wide range of high-return gambling products, including the Wheel of Fortune, lotteries, and opportunities for crypto staking.
Developers of MetaToken have exciting plans for the future, expanding their product line to include exclusive games for token holders, virtual poker tournaments with real dealers in individual VR spaces, and an AI-based white-label solution for creating and managing Web3 casinos. This comprehensive approach will provide users with enhanced gaming experiences and greater opportunities to earn within the Web3 gambling sphere.
Tokenomics is a key strength of MetaToken, designed to incentivize long-term participation and create real value for the MTK token. Token holders will benefit from staking, temporary token locks, and the active involvement of MTK in the ecosystem’s operations. Additionally, 45% of the net profits will be distributed weekly among the stakers, allowing them to share in the casino’s success.
In the second stage of the project, token holders will gain access to exclusive Web2 games developed in partnership with the licensed gaming provider INOUT, as well as Web3 lotteries. To increase the value of the MTK token, half of the tokens lost in games will be burned, reducing the overall supply.
The third stage of MetaToken’s development will introduce the VR GAMBLEVERSE, an immersive gambling ecosystem that integrates traditional Web2 casinos into the Web3 world using augmented reality technologies. The MetaToken Whitelabel product will enable anyone, from casino owners to ordinary users, to launch their own Web3 casino and participate in the gaming business.
MetaToken has two more funding rounds planned, with a $4 million presale starting on June 16, 2024, and a $1 million public sale scheduled to begin on July 16. To ensure stability, tokens purchased in each stage will be unlocked gradually.
Currently, players can enjoy the platform’s standard features, including a growing selection of games, tournaments, cashback, lotteries, and bonus promotions. The team recently rolled out a global platform update on April 21st.
For the latest news and updates on the MetaToken project, interested individuals can visit their website or follow their official Twitter and Telegram accounts. Additionally, attendees of the MAC conference in Yerevan, Armenia, on May 30-31, 2024, will have the chance to meet the project team in person and ask any questions they may have.
About MetaToken:
MetaToken is a groundbreaking casino that utilizes Web3 technology to revolutionize the gambling experience. By sharing on-chain profits with players who invest in the MTK token liquidity pool and burning 50% of player losses, MetaToken aims to create a fair and rewarding gaming environment.
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