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Home All Events MetaRace Liquidity Launch

Date

Sep 10 2022
Expired!

TimePacific Time

7:00 am

Your Time

  • Timezone: America/New_York
  • Date: Sep 10 2022
  • Time: 10:00 am

Status

Active

MetaRace Liquidity Launch

MetaRace is a virtual horse racing play-to-earn game launching on Caduceus.

DETAILS
  • Presale Details
    • Token will launch on CoinSwap – $META/CMP pair
    • Listing rate: Unknown
    • IDO rate: 1 $META = 1.3 CMP
    • Initial market cap: Unknown
    • IDO held on CoinSwap launchpad
    • Vesting: 100% of IDO tokens unlocked at token launch
    • Taxes: 0%
  • Features
    • Purchase NFT mechanical horses to participate in races and earn top-place token rewards and periodic ranking rewards in multiple tournament formats
    • Stake $META tokens to operate your own racecourse and receive a share of the revenue generated from race entry fees and advertisements
    • Cooperate with other players to breed new horses and earn from NFT horse sales
    • Revenue will be generated from NFT assets sales (horses, jockey, accessories and racecourse), transaction fees (marketplace fees, race entry fees, breeding fees, etc.), and racecourse advertisements
    • Roadmap includes launch of the various NFT assets (racehorses, jockeys, accessories, racecourse ownership), in-game brand sponsorships, NFT customisations, XR/metaverse integration
  • Tokenomics
    • Dual token model
    • $META is a governance token
      • Token utility: staking, purchasing NFTs, race rewards, breeding, race entry fees, racecourse operation, priority access to new features, discounts, governance
      • Total supply: 210,000,000
        • 5% — Core contributors (3 years vesting – 5% at CEX listing, 3 months cliff, then vested linearly)
        • 25% — Team & early stage investors (3 years vesting – 5% at CEX listing, 3 months cliff, then vested linearly)
        • 8% — Strategic Investment round (2 years vesting – 5% at CEX listing, 3 months cliff, then vested linearly)
        • 6% — Private round (1 year vesting – 5% at CEX listing, 3 months cliff, then vested linearly)
        • 1% — Public sale/IDO (100% at TGE)
        • 35% — Mining rewards
        • 15% — Ecosystem fund (4 years vesting – 15% for liquidity, 5% at CEX listing, 3 months cliff, then vested linearly)
        • 5% — Airdrops
        • ❌ No information on the token price across the token sale rounds
    • $RACE is the utility token
      • Token utility: in-game rewards, breeding, training horses
      • Total supply: 10,000,000,000
        • 99% — Mining rewards
        • 0.58% — Liquidity
        • 0.42% — Airdrops
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