Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,175 trillion. Bitcoin has increased by over 6% this week. Ethereum gained almost 17% over the past seven days. XRP is up by nearly 3% this past week. Almost all altcoins are trading in the green, with very few exceptions. The DeFi sector increased the total value protocols (TVL) to around $44 billion. Crypto…
There’s no doubt that DeFi is one of the hottest trends in crypto right now. But what does the future hold for this burgeoning sector? A few key factors will play a role in shaping the future of DeFi.
First, there’s the continued rise of crypto assets. As more and more people invest in crypto, the demand for DeFi products and services has the potential to grow.
Additionally, the increasing regulation of the crypto space will create more opportunities for DeFi protocols. These projects will have the chance to fill the gaps left by traditional financial institutions.
In this market scenario, a team of blockchain experts is ready to launch MEGASET. This project ambitiously aims at enhancing the DeFi market we currently know. Let us learn more about MEGASET in today’s review.
What Is MEGASET?
People may earn and increase their assets using MEGASET’s blockchain technology products and services. The team working on this project explains that everyone may benefit from MEGASET’s sharing economy, generating a win-win situation for all parties involved.
The project’s goal is to build a society where the power of capital and social consortia is no longer predominant.
As a new DeFi product, MEGASET enters a fast-moving industry. If you become one of MEGASET’s early adopters, the team promises you’ll be in a position to reap the rewards of the project’s growth.
The Project’s Mission
According to the project’s documentation, MEGASET aims to offer the best to its community to achieve its goal. But what exactly is MEGASET’s goal? The project envisions a world in which the DeFi economy relies on unbiased, valuable, and fair cryptocurrencies.
This team’s ultimate purpose is to make DeFi more user-friendly so that its community can leverage its products and tools.
How Does MEGASET Ecosystem Work?
MEGASET’s business strategy relies on four main pillars:
- Staking and Mining: The project proposes staking and mining operations in crypto projects showing high potential growth.
- Asset investment: MEGASET will invest in private market firms worldwide and the metaverse. A positive cash flow should come from this group’s assessment that these assets have the greatest growth potential.
- Trading portfolio: To maximize the return on investment, the project partners with seasoned investors and traders.
- NFT rewards: With the help of artists, MEGASET intends to create its own NFTs to generate both active and passive income.
Reward strategies for the ecosystem are at the core of the team’s plans. The founders explained that users might receive crypto in many market circumstances because of the compounding growth reward system.
The developers will also include a lottery system in MEGASET. The project will have a prize pool, and a ticket-based system will determine which lucky winners will get rewards.
As crypto becomes more popular, staking becomes a more attractive option for investors. Staking allows you to earn rewards for holding onto your crypto, and it’s a great way to grow your investment.
Investing in the MEGASET staking pool is possible by staking $MSET and earning $USDT. Users’ holdings may grow over time in the same way that a savings account would accrue interest.
Specifically, the project features three staking pools:
- 1-month staking pool
- 6-month staking pool
- 12-month staking pool
Within seven days of the completion of the staking period, users’ Web3 wallets will receive their rewards in $USDT.
When you stake tokens in a pool, your reward depends on how long you keep your tokens there. The 1-Month Staking Pool lets you receive staking rewards with a 1-month staking scheme. To get the benefits from all three pools, you must hold your tokens for 12 months.
A Look into the Tokenomics
One of the most common questions about crypto projects is why they create their tokens. There are a few reasons for this choice.
First, crypto projects often have particular needs that existing tokens don’t necessarily meet. For example, a crypto project might want a token that works as a digital currency. Alternatively, it may wish to create a coin that one can use to work with smart contracts.
Second, teams often want to create a token that they can integrate with their platform or infrastructure. This feature gives the project more control over the token utility. Moreover, teams can manage how a token interacts with other parts of the ecosystem.
Finally, crypto projects often want to create a token closer to their vision for the industry’s future.
MEGASET will officially launch $MSET on the market on December 15th, 2022, at 1 $USDT.
$MSET will have a supply of 10 billion tokens, which the team decided to break down as follows:
- Rewards and ecosystem: 76%
- CEX listing: 10%
- Public sales and IDO launchpad: 6%
- Liquidity: 2%
- Marketing: 2%
- Presales: 2%
- Team: 1%
- Advisors: 1%
The Project’s Roadmap
In the current market, projects need to have a roadmap in place to ensure success.
MEGASET’s roadmap began in Q1 2022, with milestones such as the website launch and the release of the whitepaper.
The year’s second quarter saw the beginning of the marketing campaigns and a smart contract audit. In terms of security, the team also completed a KYC procedure.
In Q3, the project will complete more milestones, such as the first development works on the MEGASET’s NFT feature. The year will end with the official token public sale and DEX listing.
This team is not planning to end its work this year and has already shared information about its 2023 milestones. The plans for the year’s first quarter mention the launch of a marketplace and the beginning of a buyback strategy.
Q2 2023 will see “Lucky Draw,” a vote-to-earn product, go live on the market. Simply put, users who cast a vote on the platform will be eligible to receive a special reward.
The last two quarters of the year will have more staking rewards distribution. Furthermore, we will see the launch of MEGAWEALTH, a dividend-distribution system. Moreover, the team expects to list the $MSET token on centralized exchanges (CEX).
Goals and Targets
If you’re thinking about launching a cryptocurrency project, it’s important to have high ambitions. Why? Because the crypto space is highly competitive and crowded. And if you want your project to stand out, you need to aim high.
MEGASET has outlined a series of ambitious goals for $MSET’s growth in the marketplace. The team’s ultimate goal is to become a $10 billion company in token market cap. MEGASET envisions a future when its token would be among the top 10 cryptocurrencies in the world.
The creators aim to provide one billion dollars worth of staking prizes by the year 2031, with a gradual evolution over time. In this plan, the first milestone is to reach 5,000 token holders, with continuous growth expected over the course of several years.
MEGASET also devised a schedule for the payout of rewards and ecosystem tokens in proportion to the increase in the $MSET price. For example, once the token price rises over 10 $USDT, this annual progression will begin.
The crypto industry constantly evolves, with new projects and innovations emerging daily. MEGASET aims to provide a solution to the crypto community with a comprehensive ecosystem. We will see how the project will develop in the future, but its team aims for a strong start.
If you wish to participate in the MEGASET project, you may find it helpful to join their whitelisting. More information is available on MEGASET’s website – available in five languages – and social media pages (Telegram and Twitter).
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