AMA (Ask May Anything) is a regular event that Coinswap Space hosts to address various questions and concerns about the platform and its strategic launchpad partners. The session is beneficial in fostering relationships between the crypto community and the team, allowing investors to make informed investment decisions on any crypto project.
Coinswap Space perceives the metaverse’s dynamic future as a pivotal component in the DeFi ecosystem. As a result, Metaverse Lab has become one of the company’s launchpad partners. This partnership is highly expected to help and benefit the platform’s users and holders.
Recently, the much-anticipated AMA session with Metaverse Lab took place in the CSS Telegram channel on January 21, 2022.
Mr. Rohan Satyam, CTO of Metaverse Lab, was invited to speak at this AMA by CCS. After being welcomed by CSS Digital Marketing Head Mr. Mark Anthony Wagan, Mr. Satyam briefly highlighted how metaverse is going mainstream and revolutionizing the Defi space. Eventually, Mr. Satyam offered his insights and addressed all pertinent CSS community questions about the Metaverse Lab project, its unique features, tokenomics, token utility, and competitive advantage.
The CSS team received a large number of questions. However, questions were narrowed down to five. The five points raised during the AMA event are as follows.
Question 1: What is Metaverse Lab Token?
Metaverse Lab token symbolized MVP. It is our personalized token that our users will be able to buy, sell, trade, or hold for its interesting utilities and gain rewards accordingly.
Primarily our Metaverse Lab Launchpad will be hosting many metaverse-related projects, but there’ll also be many other features where this MVP token will play a crucial role, and our users will need them for sure.
Question 2: Can you list 1–3 killer features of your project that make it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?
Well talking about features, Metaverse Lab Launchpad is a deflationary, multi-chain & multi-asset launchpad that will provide a one-stop for the best meta projects.
Our competitors do launch some Metaverse-related projects, but we ensure that the trust and money of our community go into the right place.
Moreover, our ecosystem is way better and unique, considering the betterment of our users, with a 3% sell fee on every sell transaction, out of which 1% will go back to the holders, 1% will go into the development, and 1% will burn directly.
Question 3: Metaverse lab team, may I know the security measures adopted to avoid hacking and bugs in smart contracts? Have you conducted any audits to make your smart contract safe?
We have audited our smart contract via renowned Quill Audit. Quill audit is one of the best audit firms in the crypto market. I’ll share the audit report as it summarizes it all. Also, we’ll be integrating an Anti-Bot feature to ensure genuine trades for MVP.
Question 4: Can you give an overview of your tokenomics and the token’s utility?
Sure, why not! Talking about MVP tokenomics, its total supply is 200M, with an initial MarketCap at around 135k. The supply would be distributed as follows: 33% for the token sale, 20% for staking, 10% for ex-listing, 10% for marketing, 8% for development, 8% for marketing, and 6% for the community, while the remaining 5% to the team. Also, our team tokens will be locked for a year to ensure our community’s trust.
You can find the Metaverse Lab tokenomics on their website at https://www.metaverse-lab.net/#tokenomics.
And now about the utility of MVP token, as I mentioned earlier, Metaverse Lab is a multi-asset launchpad too. We’ll have our exclusive set of limited edition NFTs, some amazing video games where users can utilize their MVP to PlayNEarn.
Our staking programs are also here where users can stake their MVP tokens and earn rewards along with guaranteed allocation in the IDOs on our platform.
Question 5: What will be the reason for Metaverse projects to choose you?
That’s a good question! Well, I’d like to start from a little beginning. In just our initial phase of the launch, we landed some great launchpads and strategic partners to join @LabMetaverse and get some popular investors like Oddiyana Ventures, Fairum Ventures, and Genesis Shards.
And with our team’s rich experience in project building, whether its marketing or development, we can make any project with true potential a huge success. So, we’ll be offering full guidance and support to the projects which approach us and ones we find to have the potential to lead the community in the future.
Moreover, you can go through our roadmap as well. We’ve so much more coming that the new projects would seek our support for!
Mr. Satyam closed the AMA session by thanking the CSS team for the invitation and encouraging the entire community to learn more about Metaverse Lab, participate in more engaging discussions, and take part in their regular giveaways and exciting events.
In general, the AMA with Metaverse Lab has been a success, and the CSS team and community are pleased with the outcomes.
The CSS team wishes to express its gratitude for everyone’s attendance and participation. We look forward to seeing you at the next AMA session.
