Closing Out Our Strategic and Private Round Funding with $3.3 Million Raised

Mar 14 - Mitchell Keller
Closing Out Our Strategic and Private Round Funding with $3.3 Million Raised

The Metastrike team is honored and grateful to have the best community in all of DeFi, and this is evident in the quick completion of our fundraising efforts for our Private and Strategic rounds. Your support and enthusiasm from day 1 have served as strong motivators for our team to develop a revolutionary FPS/RPG game and a metaverse that surpasses other games in our category. With that said, we are officially announcing a close to our Strategic and Private round funding.

All Targets Acquired

We strongly believe that NFT gaming is the future of the multibillion-dollar gaming industry and with this recent fundraising effort, it is clear that our community also shares in this vision. The total amount raised during the private rounds was $3.3m, with an additional $0.5m to be raised during our public round for a grand total of $3.8m. We were blessed to form partnerships with some of the leading VCs in the space such as GD10 Ventures, Jump Capital, and Kucoin Labs. Their talented teams, resources, and network of influencers provided the necessary exposure to help grow our community by leaps and bounds. We are also eternally grateful to all other partners & investors as their support helped to round out our funding.

A Metaverse Supported by 2 Utility Tokens

The Metastrike in-game economy will be supported by two utility tokens to ensure it remains stable and robust. The native $MTS token will have a maximum supply of 565m tokens and will serve as the in-game currency that players can utilize to purchase metaverse land, NFTs, participate in tournaments, stake, and vote on important ecosystem decisions. The breakdown of the $MTS tokenomics is as follows:

  • 30.86% — Staking & Community, Rewards, Yield Farming, Foundation Reserve
  • 25.66% — Private Sale
  • 17.70% — Marketing, Competition Event, Ecosystem
  • 15.93% — Team and Advisors
  • 8.85% — Liquidity (DEX & CEX)
  • 1% — Airdrop

Our second utility token, $MTT, has an uncapped supply and will serve as the main play-to-earn reward token. It allows players to upgrade weapons, purchase consumables, participate in special events and features a burning mechanism in which 10% of all burned tokens will be reserved for a weekly prize pool for players.

Dynamic Gameplay and Action

Metastrike provides players with a multitude of gameplay features that delivers an unrivaled FPS/RPG experience. We combine this with several profit-earning mechanisms to ensure our players are both entertained and earning. A variety of game modes provides unique settings and rules to prevent stale and repetitive gameplay. Players can collect an NFT arsenal and upgrade their weapons to boost their appeal and value. These NFTs can be traded or sold on our NFT Marketplace, along with maps that players can build and also sell as digital assets. Metastrike also infuses a social element into our ecosystem, as players can form guilds and embark on missions to increase reward and improve their ranking in the game.

Our Next Missions: TGE, Closed Beta Version & More!

The next stage in our evolution is to launch $MTS in Q1 of 2022. This quarter will also see the release of our closed beta version and our very first NFT sale. We know that with a community as motivated as ours, all of these events and subsequent ones will result in a resounding success. Please stay tuned to our socials for upcoming announcements and we once again thank you for your unwavering support.

About Metastrike

Metastrike is a blockchain-based virtual reality FPS-RPG that delivers top-tier gameplay and graphics. It also features an equitable play-to-earn economy that rewards players for their time and dedication to improving their skills in the game. The game features an array of digital assets that players can collect and trade on the open market such as weapons, skins, projectiles, and more. The team is made up of blockchain experts, game designers, marketing leaders, and engineers all at the top of their respective fields.

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