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The post Immersive iGaming Platform MetaToken Closes $5 Million Funding Round appeared first on Coinpedia Fintech News
MetaToken, the Ethereum and TON-based Web3 gaming ecosystem that shares profits with its players has announced the successful closing of its $5 million private funding round. The project is preparing for its presale stage on June 15th and its public round on July 15th. Ahead of its presale, their team will attend the MAC conference in Yerevan, Armenia, on May 30-31 to promote their project and answer any questions.
MetaToken, a pioneering iGaming project, is revolutionizing the gambling industry with its immersive Web3 experience. Its recent $ 5 million funding round will fuel the development of innovative games, virtual reality gambling tables, and AI-powered solutions for Web3 casino management. This unique approach sets MetaToken apart, making it an attractive proposition for players and potential partners.
Power to the Players: Improving the Gambling Experience with $MTK
MetaToken offers a variety of gambling products, such as lotteries, virtual poker, and Wheel of Fortune, which users can participate in with the $MTK token. These games provide multiple ways for players to earn, including bonus promotions and cashback opportunities. Players can also test their gambling luck in tournaments for additional payouts.
Token holders are more than just players. They’re a part of the MetaToken community. As users buy MTK and grow the asset’s liquidity pool, MetaToken can expand into new markets and offer additional ways to earn. In return for buying MTK, holders can participate in staking opportunities and temporary token locks and gain access to exclusive features such as early access to new games developed with MetaToken’s partner, INOUT.
Early MTK investors can become “co-founders” by staking their assets. Stakers will earn based on their staked amount, with up to 45% of the project’s net profits distributed weekly among these early investors.
MetaToken’s community often cites, “don’t earn in the casino, earn with the casino.” The project’s CEO, Dmitry, claims this optimism is vital to keeping the project growing:
“Our platform is built on sharing the wealth equally amongst our investors — ensuring no one gets too much or too little. We wouldn’t be here without our players, and rewarding them is the best way to show our gratitude.”
The Future of MetaToken
While the MetaToken project is always searching for new partnerships and games to develop, the casino has concrete plans for its future.
Firstly, MetaToken has planned two more funding rounds: a $4 million presale and a $1 million public token sale. Both are set to take place on June 16, 2024. Tokens will be released in stages to ensure a gradual unlock, providing users multiple time frames to buy in.
MetaToken is also planning an immersive VR experience called the VR GAMBLEVERSE. This feature enables players to gamble in virtual reality. A VR experience removes distractions and provides players with better focus.
Building upon this, the GAMBLEVERSE utilizes MetaToken’s white-label development solution. This solution enables anyone from gamers to developers to create their own Web3 casino and deploy it into the MetaToken ecosystem. Moreover, GAMBLEVERSE tools can help Web2 casino operators deploy their existing frameworks into Web3 via augmented reality.
About MetaToken
MetaToken is an immersive casino harnessing Web3 technology to disrupt the current gambling experience. MetaToken shares its on-chain profits with players who invest in its $MTK token liquidity pool and burns 50% of player losses to decrease the token’s supply.
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