Metaverse Miner (META)

What Is Metaverse Miner (META)?

Metaverse Miner is a virtual game where players get awarded through play-to-earn games. Metaverse Miner combines GameFi (game and decentralized finance) and (https://www.coinbase.com/learn/crypto-basics/what-are-nfts#:~:text=NFTs%20(or%20%E2%80%9Cnon%2Dfungible,worth%20exactly%20the%20same%20amount.&text=Each%20Beeple%20piece%20is%20paired,version%20is%20the%20real%20one.) (NFTs). As stated in its whitepaper, the aim of the Metaverse Miner game is to encourage adventurous explorers to visit more galaxies, employ terminal control machines to collect various fundamental energies in other galaxies, and connect the "Metaverse" to every human planet. The Metaverse Miner seeks to launch the META app and more games like Star War Game. The Metaverse Miner ecosystem comprises META coins, Planet NFT, and Miner NFT.

Firstly, the META token is the Metaverse Miner ecosystem's payment and equity token issued on the Binance Smart Chain. Bidding using META is required for all planet NFT auctions. META is a deflationary token. The market supply of a deflationary cryptocurrency decreases over time. This means that the project's team engages in activities that reduce the token's quantity on the platform. The burning of the tokens reduces the supply. Token burn is the process of sending the tokens to an unusable or invalid address from where the sent tokens can never be retrieved back. Hence, the tokens are lost forever. The deflationary model helps the platform in increasing the value of the token. Besides this, holders of META tokens also have the opportunity to stake their META tokens. Holders can choose three staking periods: 30 days, 90 days, or 180 days.

Secondly, the Planet NFT is the Metaverse Miner’s key asset. In a particular cycle, Planet NFT can generate a set number of Miner NFT, and a Miner NFT's mining activity is linked to the corresponding planet NFT. The holder of a planet NFT receives a percentage of the mining operation fees and a share of the mining production paid by the holder of the Miner NFT. Besides this, there are several "mining areas" on each Planet NFT. The "Mining Areas" can also be rented out by Planet NFT. The Planet NFT holder receives a portion of the revenue generated by the mining area from the rental party.

Lastly, Miner NFT is the primary method that distributes and captures META token value in the Metaverse Miner ecosystem. Staking of Miner NFT was assigned to release 70 percent of the entire META tokens. Miner NFTs come in five different varieties. The Miner NFT has the characteristics of being traded and transferred as a digital asset.