According to a recent NFT research, India ranks first among 26 countries on the basis of play-to-earn (P2E) gaming adoption. Indian Players Outnumber Hong Kong's and UAE's As per the survey, approximately 34% of respondents in India have experience with play-to-earn games. To be clear, play-to-earn games are blockchain-based games in which players receive incentives with real-world value. Since the outbreak of the pandemic and the rise of the work-from-home culture in India, the popularity of P2E games has soared.…
The Metaverse often combines virtual reality (VR) and augmented reality (AR) technologies. The result is that initiatives in this niche manage to provide an experience of “virtual presence.”
In the Metaverse, developers build a virtual reality environment using 3D technology. New projects aim to let users engage, immerse themselves, and work with other people in the digital world.
Today we will talk about Metagwara, one of the new initiatives that belong to the category mentioned above. Our review will share several key facts about the project, from its purpose to future developments.
This web 3.0 driven cryptocurrency has the ultimate purpose of bringing the “Gwaraverse” to life.
The team promises that the Gwaraverse will bring new opportunities to its community of traders. The following subsections provide more information on the critical aspects of the project.
The Team’s Vision
The team believes that the way how technology businesses handle their users’ data and interests needs improvement. Specifically, the project’s founders highlight the need to launch a new strategic shift through the Metaverse.
Today the number of companies entering the digital market is large and growing. Consequently, the time aims to introduce a new way to regulate the relationship between users and the Metaverse.
In this aspect, the team mentions the Web 3.0 revolution, introducing decentralization as a key solution. The high compatibility across Web 3.0 technologies indeed possesses an exciting potential in the eyes of investors and users.
Mixing the Metaverse and the financial sector is, according to the team, an occasion that the market will monitor. Opportunities that used to be available only in the physical world may soon arrive in the digital universe.
The Gwaraverse is a concept relying on three pillars:
- Virtual reality, or VR
- Augmented reality, or AR
- Blockchain technology
The result of these ingredients should be, in the idea of the developers, an interactive digital universe. In the Gwaraverse, users should be able to live and create engaging experiences for themselves and the community.
A Look into the Tokenomics of the Project
The $MGT token has a supply of 500 trillion coins, and its presale ended in a short time. The team planned the burning of 30% of the tokens. The idea of reducing the overall supply of a token falls into the typical deflationary strategy in the blockchain world.
Furthermore, the project will implement an ongoing buyback mechanism for the abovementioned purpose. The number of coins that the team will buy will equal 2% of the supply.
The auto liquidity system of Metagwara will amount to 5% of the tokens, with the funds for staking set at 8%. The team expects to use 2% of the supply for marketing operations, and community airdrops will require 1% of $MGT.
The Metagwara team is following a specific strategy to bring this new gateway to the market. Here are further details on the four phases of the developers’ plans:
The team included operations such as presale and public sale in this early stage of the project. The Telegram community of the project overcame the first milestone of obtaining 15,000 members.
The project has recently seen the launch of the token on PancakeSwap, an important step in the growth of Metagwara. The team is waiting to complete the listing procedures on CoinMarketCap and CoinGecko.
By the end of this stage, the founders expect to reach 5,000 token holders on the market.
The second stage should see the number of token holders reach 15,000 traders. The Telegram community already counts over 35,000 members today.
Before this phase is over, the team will complete donations to charities. A significant milestone will be the Certik Audit (which will follow the one received from SolidProof).
The developers will launch the Gwara Shop and the staking section of the portal (or “Gwara Lock”).
The third stage will push Metagwara towards a more mature phase. First of all, the team anticipates reaching 50,000 token holders, and $MGT will move its first steps on centralized exchanges (CEX).
By this time, the project will see the launch of its swap portal (“Gwara Swap”). Furthermore, the developers will create the “Gwara NFT (Hall of Fame)” feature in the Gwaraverse.
After the completion of the third stage, the team will work on other ambitious milestones, such as:
- Reaching 100,000 holders
- Launch of the Play-to-Earn (P2E) game “Guardians of the Gwaraverse”
- Payment features
- Shopping.io partnership
Finally, the team will move toward creating an internal blockchain (or “Gwarachain”) system.
Metagwara – Final Thoughts
Metagwara and its team have clear ambitions for the future: leveraging the Metaverse potential in the financial sector. The attention of its community on the Gwaraverse is growing, and we will see the project’s evolution on the market.
Disclosure: This is a sponsored post. Readers are encouraged to conduct further research before taking any action. Furthermore, Crypto Adventure does not endorse any crypto projects cryptocurrencies listed, mentioned, or linked to on our site. Trading cryptocurrencies is a highly risky activity that can lead to major losses. You should consult your financial advisor before making any decision. Learn More