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Investors are Flocking to This New Crypto Platform as the Presale Shoots Past $2.2 Million Raised

Simon Chandler
Last updated: | 3 min read
Source: Meta Masters Guild/Twitter

Meta Masters Guild has now raised $2.2 million in its presale, which has four days left to run before it moves to its fifth stage (out of seven). This means that the offering price of one MEMAG token will rise from $0.016 to $0.019, with the sale set to offer 35% of the coin’s maximum supply of 1 billion.

Given how quickly the Ethereum-based play-to-earn gaming platform is gaining new converts, it’s likely that this entire allocation will sell out by the end of the offering. This gives interested parties only a limited window of opportunity if they want to obtain some MEMAG before it lists on exchanges in the next couple of months.

Investors are Flocking to This New Crypto Platform as the Presale Shoots Past $2.2 Million Raised

Some two weeks ago, the Meta Masters Guild’s presale had raised only $500,000. However, it has been helped along in recent days by growing word-of-mouth, with some 24-hour periods witnessing raises of over $100,000.

As a result, the sale has passed the $2.2 million mark and is heading toward the next presale stage, where the price will increase from $0.016 to $0.019. From there, it could easily sell out its allocation of 350 million MEMAG.

Investors can participate in the sale by visiting the official Meta Masters Guild website and connecting either their Wallet Connect or MetaMask wallets. MEMAG can be purchased using either ETH or (ETH-based) USDT.

The sale will close with one MEMAG token costing $0.023, representing a 228.6% increase over its initial sale price of $0.007. Of course, with the coin set to list on exchanges soon after, this price could continue to rise.

This scenario is entirely conceivable, given just how promising Meta Masters Guild’s fundamentals are. Set to launch its first game — Meta Kart Racers — by the third quarter of the year, the mobile-focused gaming guild will go on to develop a range of Web3 and metaverse-related titles, on top of being a platform for other developers to launch their own games.

Its native token MEMAG will be a governance and utility token, meaning it will be usable for votes, as well as for staking and purchasing in-game items. And since it will have a fixed maximum supply of 1 billion, it could very easily become deflationary in a situation where it experiences steadily rising demand.

Promisingly, Meta Masters Guild’s overriding aim is to produce games that, above all else, are fun and rewarding to play. By doing this it hopes to cultivate a sustainable and highly active community of gamers, with its titles set to have online and multiplayer elements.

As mentioned above, its first game will Meta Kart Racers, a free-to-play racing game that incorporates play-to-earn features. It will be available on iOS and Android mobile devices, with its core gameplay including a solo ‘arcade’ mode and various online player-versus-player options.

The game will also enable players to spend MEMAG to buy rare in-game items and upgrades. On top of this, it will also give them the chance to win rare NFT-based characters, which can be played with or sold on to other gamers.

Blockchain-based gaming studio Gamearound is Meta Kart Racers’ developer, yet Meta Masters Guild has already partnered with other development firms, including RWaltz (which has previously worked on Probit exchange, 100XCoin, and BTC Bizarre).

After the Presale

This means that Meta Masters Guild is shaping up nicely, and could become one of the biggest blockchain-based gaming platforms when it launches later this year. Indeed, it now has over 21,000 followers on Twitter, which is impressive for a platform that hasn’t even launched.

This bodes well for what might happen to MEMAG after its presale, especially given how successful some token sales were last year. For instance, metaverse-based meme token Tamadoge (TAMA) rose by as much as 1,800% (compared to its opening sale price) when it listed in October, while Lucky Block (LBLOCK) and Battle Infinity (IBAT) witnessed increases as high as 6,000% and 3000% last year (as against their initial presale prices of $0.00015 each).

There’s no guarantee that MEMAG will do as well as this, but it at least suggests that it will perform well in the coming weeks, seeing how strong its native platform looks set to be.

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Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.