Tom Sheen
The Meta Masters Guild presale is now just three days away from entering its final round – although at the current rate of sale that is likely to come much sooner.
Around $400,000 of MEMAG has been bought in the last 48 hours and should that pace continue over the coming days then the presale will be totally sold out in less than 10 days.
More than $3.76 million of its $4.97m hard cap is now gone with investors rushing to secure tokens before one last price increase in the seventh and final presale stage.
At the time of writing, MEMAG cost $0.021 each but will increase 9.5% to $0.023 in the seventh round.
The winder crypto gaming also appears to be back on the rise in 2023 after a poor 2022 – punctuated by Saudi Arabia publicly announcing it will step into the metaverse with The Sandbox.
Saudi Arabia to Partner with The Sandbox
The Saudi government announced late on Tuesday that it will partner with leading metaverse game The Sandbox to develop a metaverse presence.
The news sparked immediate price action for the native SAND token, which pumped by 30% in just two hours after the announcement.
It was a true honor to sign our MOU partnership ceremony between @TheSandboxGame and the Saudi Arabia Digital Government Authority (DGA) during #LEAP 2023 conference, and we look forward to exploring, advising and supporting mutually each other in activations of the Metaverse pic.twitter.com/mTBYqlwvUa
— Sebastien (@borgetsebastien) February 7, 2023
It is so far been kept secret what the partnership will entail, with details set to be announced in the coming weeks.
The Sandbox COO Sebastien Borget said:
“It was a true honor to sign our MOU partnership ceremony between The Sandbox and the Saudi Arabia Digital Government Authority (DGA) during #leap2023 conference, and we look forward to exploring, advising and supporting mutually each other in activations of the Metaverse!”
The news saw numerous crypto gaming tokens briefly pump, including rival projects such as Decentraland (MANA) and ApeCoin (APE).
Meta Masters Guild, which is building Web3’s first dedicated mobile gaming platform is another crypto gaming project expected to have a big 2023.
Mobile Gaming Beats Console and PC Gaming
Although mobile gaming lacks the prestige afforded to console and PC gaming, it is actually much more successful and profitable.
According to a recent study, mobile gaming ($92.2 billion) was worth as much as console gaming ($51.2 bn) and PC gaming ($38.8 bn) combined in 2022, as well as being much more attractive to casual players and advertisers.
Mobile games also have several other advantages, including being quicker, easier and cheaper to develop.
However, Meta Masters Guild is not solely focused on profitability – the opposite in fact and are developing their guild to have a ‘focus on fun’ with tokenization a secondary concern.
To alleviate the consistent selling pressure that sunk other crypto gaming tokens in 2021 and 2022, MMG will not use MEMAG for rewards.
In fact, GEMS – a second, off-chain token – will be given to players for rewards when completing objectives or missions.
GEMS can also be used to purchase or sell NFT assets in the Meta Masters Guild marketplace, or be converted back to MEMAG.
MMG currently has three games in development with Meta Kart Racers expected to launch later this year.
That game, which has solo and player-vs-player modes, will see players purchase and upgrade drivers and karts and take to fun tracks to race for rewards and the Meta Kart Championship.
It is being developed by Gamearound, who previously made games for multi-billion-dollar fashion retailer Boohoo.
Two other games – Raid NFT and Meta Masters World – are in their early conceptual stages, with Raid NFT a turn-based fantasy fighter and Meta Masters World a metaverse with few limitations and little structure.
MEMAG Tokenomics
Of the 1 billion max MEMAG supply, seen 35% (350 million) has been allocated to the presale, with a hard cap of $4.97 million and no vesting period.
Only 5% has been reserved for exchange listings and liquidity – where the token is again expected to surge in price. The remaining 50% is going to the marketplace (15%), ecosystem (15%), team (10%) and company reserve (10%). Those tokens are vested and unlocked over 36 or 48 months.
The presale was meant to last until at least the end of March but, as mentioned above, that could come before the end of February if the rate of investment continues as it has been.
The developing team are doxxed and have been KYC-verified by CoinSniper, while SolidProof have audited the token smart contract.
One lucky winner also has the chance at $100,000 of MEMAG tokens, with the giveaway ongoing.
- Interested investors should read our guide on how to buy MEMAG during the presale.
| Presale Stage | Price | Token Allocation | Raise Value |
| Stage 1 | $0.007 | 70,000,000 | $490,000 |
| Stage 2 | $0.010 | 63,000,000 | $630,000 |
| Stage 3 | $0.013 | 56,000,000 | $728,000 |
| Stage 4 | $0.016 | 49,000,000 | $784,000 |
| Stage 5 | $0.019 | 42,000,000 | $798,000 |
| Stage 6 | $0.021 | 35,000,000 | $735,000 |
| Stage 7 | $0.023 | 35,000,000 | $805,000 |
| Total | – | 350,000,000 | $4,970,000 |
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This article was written for Business 2 Community by Tom Sheen.
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