Network - Binance Smartchain
Date Launched - 17th Dec 2021
What is Metaverse Pro?
By building relationships with GameFi projects at their inception, MetaversePro hopes to gain a foothold within the worlds they create. The idea is to speed the adoption of the META token across as many GameFi projects as possible, thus uniting them all together into a single coherent metaverse economy. And to get there, MetaversePro is already beginning to lay the necessary financial groundwork.
How does Metareserve Work?
Because MetaversePro is a fork of Olympus DAO, it shares many of its core tokenomics. These include:
- Each META token is backed by a deposit of $1 worth of BUSD, which is the predominant stablecoin on BSC today.
- Only the protocol itself may mint new META, and the process is autonomous.
- The protocol will act to maintain price parity by issuing new META or repurchasing and burning META as needed.
- META has no rebase mechanism, and all new tokens go straight into circulation and repurchases come directly from the open market.