Metagwara Review: Diving Into the GwaraVerse Features
Blockchain technology is revolutionizing the way people interact and do business in the world today. The last few years have seen rapid growth in blockchain-based products and services, including cryptocurrencies, decentralized finance protocols (DeFi), decentralized apps (DApps), and decentralized autonomous organizations (DAO). And there seems to be no end to the ways organizations can utilize blockchain technology. Currently, the hottest new buzzword in the blockchain and crypto space is Metaverse.
The metaverse is not a single all-encompassing digital space but rather an amalgamation of discrete spaces and experiences. Such is the potential of the Metaverse that major tech giants like Facebook and Microsoft are positioning themselves to be prime movers in this virtual world. Microsoft recently spent $68 billion to acquire Activision Blizzard in the belief that the video game company could provide Microsoft with the building blocks for the Metaverse.
Metagwara (MGT) is the crypto engine built to power a virtual world in the meta ecosystem known as the Gwaraverse. It is a Web 3.0 driven token, connecting the Gwaraverse community to the rest of the Metaverse and opening up a whole new world of possibilities for them.
The ethos of the Metagwara Token was informed by its founders’ desire to prioritize community ownership of decentralized Metaverse spaces. The project developers also recognized the huge potential of the creator economy in the Metaverse and the ability to monetize it through Web 3.0.
What is the Gwaraverse?
To improve the quality of experience in the Metaverse for its users, the Gwaraverse has been built using key facilitating technologies. The Gwaraverse ecosystem will include non-fungible token (NFT) trading, a blockchain game called Guardians of the Gwaraverse, and a staking protocol called Gwara Lock. The Gwaraverse is a simulated digital environment that incorporates blockchain technology, Web 3.0, virtual reality, and augmented reality to create a platform for users to interact with other communities in the Metaverse. The Metaverse is like an expansive ocean, and communities like Gwaraverse are like little islands in that ocean that trade and socialize with each other.
Token Distribution
As stated earlier, the Metagwara token is the native currency of the Gwaraverse ecosystem. MGT has a total supply of 500 trillion. On February 17, the token was put on presale, where it reached its projected soft cap in just half an hour. The tremendously successful presale raised 450 BNB from 528 contributors.
The distribution of the MGT token was done with the idea of benefiting the Gwaraverse community the most. To that end, the 500 trillion tokens were split in the following manner:
- 5% was locked up in a liquidity pool to facilitate lending, trading, and yield generation.
- 2% was used for buybacks to reduce volatility in the market and boost MGT prices.
- 2% was earmarked for marketing activities to promote the project and increase its popularity in the cryptosphere.
- 30% were put into the initial burn to remove them from circulation and reduce the number of MGT tokens in use.
- 1% was allocated for airdrops to promote awareness of the MGT token.
- 8% went into staking to generate percentage rewards for MGT hodlers.
Roadmap
The Metagwara team has outlined its roadmap both in its whitepaper and on its website. This roadmap is divided into four stages, each with a set number of milestones to be achieved in a given period, as explained below:
Stage One
This stage involved the initiation of airdrops to popularize the MGT token. It also saw the token go into presale, followed by a launch on PancakeSwap.
Another milestone at this stage was the attainment of 5,000 token holders and the recruitment of 15,000 followers on the project's official Telegram channel.
At the same time, the MGT token was listed on CoinGecko and CoinMarketCap.
Stage Two
The second stage of the roadmap will see the number of MGT holders rise to at least 15,000. The team also hopes to add an extra 10,000 subscribers to their Telegram channel. During this stage, Metagwara will also look to make donations to charitable organizations.
Two of the utilities in the Gwaraverse ecosystem, Gwara Lock and Gwara Shop, will also be launched at this stage.
It is also during this stage that the Metagwara team hopes to get their project audited by Certik.
Stage Three
At this stage, Metagwara will be looking to raise the number of MGT holders further to reach 50,000. The team also intends to get listed on several centralized exchanges (CEX).
Two additional utilities, namely, Gwara Swap and Gwara NFT, will also be launched at this stage.
Stage Four
In the final stage of the Metagwara roadmap, the team finally hopes to reach 100,000 MGT holders. They also intend to strike a partnership with Shopping.io to allow the Gwaraverse community to buy goods and services using their MGT tokens.
Lastly, the team will launch two more products into the Gwaraverse ecosystem: the play-to-earn crypto game, Guardians of the Gwaraverse, and the Gwarachain, or GRC-20 blockchain.
Conclusion
Harnessing Web 3.0 and blockchain to educate and promote the financial interests of the Metaverse community is a noble undertaking. Metagwara is carving an early niche for itself in the world of simulated reality. And with the long list of products and utilities that will soon be available on the platform, Gwaraverse promises to be one of the more vibrant “islands” in the Metaverse.
In the meantime, anyone interested in keeping abreast of the ongoing initiatives in the Gwaraverse can check out the website or follow them on social media.
