Wednesday, November 4, 2020

Blockchain Game MegaCryptoPolis Launches MEGA Token After Paying Out $4.5M to Players

 From Zero Hedge:

The native token of popular blockchain game https://mcp3d.com/">MegaCryptoPolis 3D (MCP3D) has launched on TRON and Ethereum. A defi-powered token, $MEGA will liquidize NFTs and enable activities such as staking, liquidity mining and yield farming to support MCP3D, which has been likened to Hasbro’s (NASDAQ:HAS) Monopoly board game.

 

With the launch of $MEGA, players can choose to receive the token by locking Resources in the game’s Vault. Thereafter, the token can be added to liquidity pools such as JustSwap, Uniswap or Balancer and freely traded. Initially, 90% of tokens will be allocated in the Vault with players free to acquire them from October 28. The remaining 10% will be reserved to create initial liquidity pools on AMM platforms and set the opening price.

 

Building an On-Chain Metropolis

 

Ahttps://dapp.review/explore?category=game"> top 10 dApp across all chains, MegaCryptoPolis is a city builder strategy game that gives users an opportunity to trade Non-Fungible Tokens that represent items on the open market – land plots, buildings, even entire districts. NFTs can be traded on both the dApp’s internal marketplace and external decentralized exchanges (DEXes). MegaCryptoPolis has paid out more than $4.5 million to its players since 2018, a feat unmatched by any other blockchain game.

 

$MEGA can be utilized to receive any Resource in the game. The fewer $MEGA tokens left in the Vault, the more Resources are required to receive the same amount of tokens. The newly-launched native asset can be dispensed as a reward to players managing a Corporation, received as a tax from Corporations operating in a district, and retained as a store of value. Transactions within the decentralized application are facilitated by smart contracts and every action renders a verified entry on the blockchain.

 

The total supply of $MEGA tokens is hard-capped at one million on TRON (TRC20) and one million on Ethereum (ERC20), with no mint or burn functions written in the smart contract. By facilitating transfers between the two networks via staking, yield farming and liquidity mining, MegaCryptoPolis is bringing NFTs to defi.

 

A Virtual Land Grab with Economic Incentives 

Initially launched in May 2017 as one of the first blockchain games on the market, https://mcp3d.com/">MegaCryptoPolis 3D is a decentralized city-building strategy game that allows global players to collectively construct a unique virtual metropolis The cheapest land plots in the game start from $5-8 and can rise to $7,000 depending on the type of dwelling constructed upon it. Players can even acquire an entire district and then collect taxes in the form of tokens. MegaCryptoPolis is currently home to over 32,500 citizens, who earn TRX from selling land plots or producing resources such as wood, sand, and bricks.