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The soon-to-be-released play-to-earn crypto project Meta Masters Guild has now raised more than $680,000 in investments to fulfill its Phase 1 presale in just six days.
The high rate of buying was also spent on more than $200,000 in 24 hours as investors scrambled to secure MEMAG tokens ahead of the Phase 2 price increase.
Tokens were priced at $0.007 in Phase 1, but with the $490,000 target quickly breached, a 42.8% price increase to $0.010 has been triggered.
The next raise will come on January 29, 2023, or when another $630,000 is raised – whichever comes first – with tokens rising 30% to $0.013.
In fact, the seventh and final stage MEMAG tokens will have increased a total of 228% from Stage 1 – or 130% from the current price – to $0.023.
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The world’s first dedicated Web3 mobile gaming platform
Investors are excited about Meta Masters Guild not only because of the token premium, but also because it is building the first dedicated Web3 mobile gaming platform.
While some consider mobile games to be inferior to PC, console and AAA rated titles, the space is much bigger.
According to new research from Newzoo, mobile gaming was worth more than $90 billion by 2022 and accounted for more than half of the global gaming market. They predict that mobile gaming will be worth at least $103 billion by 2025.
Mobile games are cheaper and faster to produce, and Meta Masters Guild has taken that approach as many crypto game projects got bogged down in long, expensive and complicated development projects.
They are also more appealing to casual gamers, more playable and more fun, and MMG is already developing three games with a focus on fun – where tokenization and rewards are a less important element.
Meta Kart Racers is most advanced in its development and is expected to launch in late 2023, while turn-based fantasy fighting game Raid NFT and open-world metaverse Meta Masters World are both in their early stages.
While other GameFi projects experienced major ups and downs, MMG has also developed another token, GEMS, to take consistent sales pressure away from MEMAG, which will support the project.
Players will earn GEMS for completing missions and unlocking achievements – GEMS will also be the currency of the ecosystem where players can use them to buy and upgrade assets and convert back to MEMAG to sell.
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‘Really exciting time’
Gabriel Hristov, CEO of the Meta Masters Guild, said: “We are delighted to see so much interest in the project from our community.
“We are committed to bringing fun and playable Web3 mobile play-to-earn games with sustainable in-game economies.
“Rewarding our community is of utmost importance to my team, which means producing game titles that everyone enjoys and wants to come back for – that’s our main goal.
“We will soon release updates to the community to highlight new platform features including NFTs and staking.
“It’s a really exciting time in the MEMAG ecosystem and we look forward to taking this journey with our growing community.”
MEMAG Presale and how to buy
As previously mentioned, MMG is now in the 2nd of 7 presale phases.
There is a maximum supply of 1 billion MEMAG tokens, of which 35% is allocated to the no-wait presale and a hard cap of $4.97 million – 15% is also allocated to liquidity and exchanges.
The remaining 50% of the tokens will all be acquired over a period of between 36 and 48 months and will be distributed, with 15% going to the development of the project, 15% to the marketplace, 10% to the reserve and 10% to the development team.
The Meta Masters Guild team has been doxxed and KYC verified by CoinSniper, while SolidProof has verified the MEMAG token contract.
More information can be found in the MMG Telegram group.
Interested parties should read our step-by-step MEMAG buying guide.
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