MetaVPad is the most recent addition to Bluezilla’s vast list of blockchain-focused launchpads. The platform facilitates ambitious metaverse initiatives capable of optimizing its growth in a decentralized, democratic manner.
The MetaVpad native token, METAV, went live a few days ago with positive feedback. The platform has already secured an IDO, according to the most recent news. METAV staking is now available in advance of the soon-to-be-launched launches. It will provide users with access to tiered token allocations based on the number of METAV staked. At the time of writing, the APY of staking is 187.57 percent.
Let’s take a look at how MetaVPad intends to contribute to the metaverse’s evolution and what that means for regular users.
What exactly is MetaVPad? (METAV)
Initial Coin Offerings, or ICOs as they were originally known, have faded into obscurity. With the introduction of decentralized exchanges (DEXs), we now have IDOs, also known as initial DEX offerings. If you like to keep up with the market, you should be aware of how hot they are. But, for the right reasons, we can’t deny.
MetaVPad combines two of the industry’s biggest trends: IDOs and the metaverse. Is that the end of it? No, it also supports projects across many blockchain ecosystems.
The platform’s goal is to free the metaverse from the grip of centralized businesses. As you may have inferred from the most recent updates, these tech behemoths are investing big on what is billed as the internet’s future.
To be honest, not everyone is excited about a new version of the snoopy internet. This time, we could do things differently.
The good news is that many new emergent blockchain projects are heading in that direction. They are constructing a decentralized virtual environment powered by cryptocurrency, DeFi, and NFTs. Through its cross-chain launchpad, MetaVPad hopes to expedite the decentralized growth of the metaverse.
MetaVpad For Projects
The incubator and launchpad provides financial and strategic support to a diverse range of high-quality metaverse-focused projects. These could be early-stage initiatives that are establishing the groundwork for the metaverse’s infrastructure and protocols, or emerging projects with long-term aspirations that will be realized in weeks, months, or even years.
For example, future social networks, blockchain-based metaverse infrastructure, protocol standardization and interoperability, non-fungible token initiatives, the next generation of networked games, or something altogether else.
MetaVPad For Investors
MetaVPad facilitates public token sales and assists projects in reaching out to their users and communities. For token distribution, a tier-based mechanism inspired by popular industry launchpads is in place. The goal here is to make early-stage token sales available to everyone, regardless of financial or technical constraints.
MetaVPad has three tiers: Explorer, Creator, and Architect. The staking requirement increases as users progress through the tier levels. While the lower tiers require community interaction for whitelisting, the highest tier has no restrictions other than staking.
The METAV token is the platform’s key. Users can stake the needed amount of METAV to gain access to a tier and all of the benefits that come with it. Staking grants you early access to new coin launches as well as hefty staking payouts. This includes the possibility of gaining access to Metaverse stakedrop. If you are chosen, you will receive a free allocation to some special projects at the best pricing. Obviously, higher tiers come with more benefits.
Staking for METAV is now available on BSC. Over 9180 users have staked a total of 97310353.98 METAV, increasing the APY to 187 percent. Before you go down to the dashboard, make sure you have some BNB (to pay for network costs) and METAV in your wallet. The token is for sale on PancakeSwap, Uniswap, and WagyuSwap.
As its principal deflationary mechanism, MetaVPad imposes a 10% fee on all token sales (sell orders) and early unstaking costs of up to 25%. The unstaking fee of 25% applies only to tokens staked for less than two weeks. On tokens staked for at least 8 weeks, there is no unstaking fee.
Conclusion
MetaVPad, as a BlueZilla product, is at the cutting edge of technology, with certain cutting-edge features and functionalities.
If the metaverse is only accessible to a few investment titans on the centralized side of the earth, MetaVPad makes investing in the first-generation metaverse accessible to small scale investors. It intends to create a diversified metaverse by addressing each of its major elements. As previously stated, it will house IDOs for a diverse variety of promising projects aiming to be a part of the new-age internet.
When it comes to project selection, MetaVPad takes a methodical, quality-over-quantity approach. To reduce the possibility of rugpulls and fraud, a rigorous verification process is used. The initiatives are hand-picked by an experienced team based on their practical value and long-term potential. The entry barrier is kept high to protect investors’ interests.
MetaVPad envisions a decentralized metaverse. If the bar for project selection is set high, the bar for token sales is lowered by introducing a tier structure. It is intended to make them available to all investors, regardless of financial experience or background.
MetaVPad has a very deflationary tokenomics strategy. The goal is to gradually reduce METAV supply. As a result, the token will continue to be an appealing long-term hold for participants.
To ensure a fair valuation, METAV was started with a meager $170,000 initial market capitalization. As a result, early stakeholders might gain access to their tiers at lower entry rates.
But does it add something fresh to the table? Except for the fact that the launchpad is just for metaverse projects, no. Let’s hoping that MetaVPad comes up with new use cases that will help us get to the metaverse faster.
