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MetaToken Secures $5 Million in Funding, Prepares for Presale Stage

MetaToken, an innovative casino project on Ethereum and TON, has successfully closed its private funding round, raising $5 million in just one week. This swift success highlights the growing interest in cutting-edge gaming platforms. The project is now in the presale stage, with an audit currently underway.

MetaToken is an ambitious online casino developing an immersive Web3 gambling ecosystem centered around the MTK token. Since its official launch in early 2023, the project has rapidly gained momentum, offering players a wide range of high-return gambling products, including the Wheel of Fortune, lotteries, and crypto staking opportunities.

The developers plan to expand their product line to include exclusive games for token holders, virtual poker tournaments with real dealers in individual VR spaces, and a custom AI-based white-label solution for creating and managing Web3 casinos with built-in tools and ready-made assets.

The project’s slogan, “Don’t earn in the casino, earn with the casino,” reflects its innovative approach. By investing in the MTK token, participants contribute to the liquidity pool, helping the casino boost profits and expand into new markets. In return, they gain expanded opportunities to earn within the Web3 gambling sphere.

One of MetaToken’s key strengths is its tokenomics, designed for long-term participation and real value creation for $MTK. Benefits for token holders include staking, temporary token locks, and high involvement of $MTK in the ecosystem’s operations, ensuring growth and stability.

MTK owners can become “co-founders” of the casino, sharing its success. Forty-five percent of net profits will be distributed weekly among stakers. With the launch of the project’s second stage, token holders will also gain access to exclusive Web2 games developed in partnership with licensed gaming provider INOUT, as well as Web3 lotteries. Additionally, half of the tokens lost in games will be burned, reducing the supply of $MTK and increasing its value.

In the third stage, $MTK will underpin the VR GAMBLEVERSE — MetaToken’s immersive gambling ecosystem. This new platform aims to integrate traditional Web2 casinos into the Web3 ecosystem through augmented reality technologies. MetaToken’s Whitelabel product will enable anyone, from casino owners to ordinary users, to launch their own Web3 casino.

MetaToken has two more funding rounds planned: a $4 million presale starting June 16, 2024, and a $1 million public sale beginning July 16. To enhance tokenomics stability, tokens purchased at each stage will be unlocked gradually.

Currently, players can enjoy the platform’s standard features, including an ever-growing list of games, tournaments, cashback, lotteries, and bonus promotions. A global platform update was successfully rolled out on April 21st.

Stay updated with MetaToken’s latest news or participate in the upcoming public round by visiting their official website.

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Disclaimer: Not Investment Advice

it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.

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