Meta Masters Guild is the fastest-growing play-to-earn gaming guild of 2023 and is set to become the largest mobile gaming guild in Web3. The project recently conducted a very successful presale in which it managed to raise over $4.7 million in fundraising as investors quickly rushed to the revolutionary Web3 platform.
The project is expected to go through a liquidity shock with its staking function enabled and the token burn on the way. With fewer tokens available to purchase on the open market, the liquidity shock could cause a sudden price explosion over the coming weeks. To learn more, keep reading.
Following its successful presale, the Meta Masters Guild platform is setting itself up for an explosive Q2 as it continues to expand its ecosystem. Meta Masters is a Web-based mobile-focused gaming guild that seeks to create fun and addictive games with playable NFTs embedded. The platform allows users to play games, earn rewards, stake tokens, and trade NFT commodities – creating a vibrant ecosystem to earn from.
The best part about the ecosystem is that all Meta Master Guild games will have in-game rewards called GEMs, which can be converted back into MEMAG tokens for profit at the touch of a button.
Since the token launched, the team has created partnerships with some of the biggest exchanges in the world. As a result, MEMAG is now officially listed on tier-1 exchanges, such as BitMart, HitBTC, and XT.com. It’s also been listed on Uniswap, the world’s largest decentralized exchange – providing an outlet for users to trade without giving up ownership of tokens.
Very recently, MEMAG was also listed on Changelly and Changelly Pro, providing a trading venue that facilitates over $1 billion in daily trading volume;
With MEMAG listed on a wide range of exchanges, the project is now ready to enact the second part of its plan, which could cause a shortage of tokens available to buy and cause a massive spike in price.
Token Staking Goes Live as Users Lock MEMAG Away
The token staking feature for the Meta Masters guild went live on March 15, 2023. The staking feature allows users to lock their MEMAG tokens into the protocol to secure the network and earn rewards in the form of an APY.
The staking platform offers three staking pools, one of which is a temporary pool designed to encourage users to begin staking. The temporary pool is a short-term pool that will only be available until the end of April. The pool will provide a whopping 75% APY through the term for users that lock their MEMAG into the platform for at least seven days.
The other two staking pools are designed to provide more sustainable rewards for users over a more extended period. One of the pools requires a 30-day lockup period, which provides a 7.5% APY return for stakers. The other pool requires a 90-day lockup period, providing a 15% APY for stakers.
MEMAG Token Burn Coming in April: Liquidity Shock Incoming?
In addition to the staking feature, Meta Masters Guild also intends to introduce a token-burning mechanism in April 2023. The token burn is designed to give back to the community by removing MEMAG tokens from the total supply and making the token more scarce. As a result, the reduced supply should help the price to increase – so long as the demand remains the same.
The team has announced that they intend to burn a total of 150 million tokens through the token burn, with a schedule of burning 50 million tokens per week. The tokens that will be burnt will be taken from the MEMAG tokens allocated to the Ecosystem and the Marketplace during the presale. The team will take 75 million tokens from each section to burn the 150 million tokens.
Buy MEMAG Before the Liquidity Crunch
With the staking already enabled and the token burning mechanism incoming, investors are starting to hoard MEMAG tokens as they believe there will be a sudden price increase once the burning starts.
This is because lots of tokens will already be locked away into staking, reducing the supply before the burning starts. Once the token burn begins, the supply of MEMAG tokens will decrease further, creating a liquidity crunch as fewer MEMAG tokens will be purchased on the open market.
Overall, the Meta Masters Guild has created a fantastic ecosystem, with its first game expected to drop in June 2023. So this is your perfect opportunity to buy MEMAG now before the herd discovers the incoming shortage in MEMAG tokens to purchase.
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Source: https://coinpedia.org/information/web3-mobile-based-gaming-platform-about-to-experience-a-liquidity-shock-with-token-burn-staking/