MetaToken, a Web3 casino project on Ethereum and TON, recently announced that it has successfully raised $5 million to complete its private funding round. Attracting the funds in less than one week, the company has established itself as a prominent player in the growing market of innovative gaming platforms. Currently getting ready for the presale stage, scheduled for June 15th, the project is in the middle of the technical audit.
Committed to the quest of creating an immersive Web3 iGaming ecosystem, the MetaToken team brings to the table a simple yet powerful competitive advantage — fairness and transparency. With 45% of its profits redistributed among the MTK token stakers, the MetaToken ecosystem erases the line between a player and an owner, ensuring that all the incentives align in favor of community development.
Following the official presentation in early 2023, MetaToken has been developing its immersive casino ecosystem around the native $MTK token. As for today, the players can enjoy a broad choice of lucrative crypto staking opportunities, gambling products, lotteries, and tournaments, as well as boost their earnings with cashback and other promotional features like free Wheel of Fortune spins.
Looking into the future, MetaToken developers expect their product to surpass the competing Web2 online casinos by offering virtual poker tournaments with real dealers in the Metaverse, unique high-return games available exclusively to token holders, and expanding the utility of the $MTK token to support the proprietary VR GAMBLEVERSE. Finally, the MetaToken team strives to offer B2B solutions by developing a bespoke AI-based SDK for easy creation and management of Web3 casinos.
Apart from the immersive iGaming product ecosystem, another competitive advantage of MetaToken is its well-devised tokenomics. At the core of the project’s economy lies an attempt to stimulate investors’ long-term participation and create real value, not just speculative appreciation. $MTK token holders will benefit from staking and token vesting. At the same time, 45% of the casino’s profits will be redistributed as dividends proportionally to the user’s token holding. Following the spirit of transparency and fair value distribution, another 50% of the casino’s income will be burnt to ensure the decreasing supply of $MTK.
MetaToken’s online casino business is supported by a licensed gaming provider, INOUT, which helps connect the physical and digital gambling experiences with full compliance.
Says Dmitry, the CEO of MetaToken: “Yet again, I am reassured that hard work pays off. For the last two years, my team and I have been restlessly working to transform MetaToken into a formidable disruptor of the current Web2 casino industry. The closing of our private round is only the beginning of a long journey to success. This is a token of trust from our MetaToken family: investors, co-founders, and the community.”
The private funding round is only the beginning of MetaToken’s journey. They plan to attract more liquidity to fuel global marketing expansion and meet its internal growth targets. This time, however, the investment opportunity will be available to the broader public as well. Starting June 15th, $4 million in $MTK tokens will be offered during the presale round at a price of $0.05 per token. On July 15th, the fundraising campaign will enter its final stage with $1 million raised in the public round. As tokens will be purchased at a discount to the expected listing price of $0.12, both presale and public rounds will have a vesting period to ensure the gradual unlocking and maintain stability of the tokenomics.
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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