Token launch postponed due to bug!
Gamers who play the city building game MegaCryptoPolis can exchange their in-game resources for MEGA tokens from October 1st. Starting this Thursday at 2PM UTC they can create liquidity with their digital assets, stake the MEGA tokens and earn additional tokens through liquidity mining. In addition the token allows players to move resources between different blockchains.
Liquidity mining is basically the same thing as putting your money on the bank. By putting both MEGA tokens and ETH in a so-called liquidity pool, you create a blockchain-powered banking system in which other users are able to trade. Everybody who contributes to the liquidity pool, shares in the trading fee earnings. Users who don’t want sideline their resources, can still acquire MEGA tokens on Uniswap.
Initially the team is launching liquidity pools for MEGA. Users can trade MEGA for either ETH and DAI on Ethereum, or USDT and TRX on Tron. There will only be one million MEGA on each of the blockchains. The token contract is already live on Ethereum.
The most exciting element from the MEGA tokens from MegaCryptoPolis is that it allows users to transfer resources between blockchains. Even though players might need to pay a commission for this, they can swap a resources (i.e. wood or steel) for MEGA on Ethereum. Then the MEGA token on Ethereum can be swapped to a Tron version through USDT. And then the Tron MEGA’s can be swapped again for an in-game resource.
In the Token Paper the developers state that MEGA could become a governance token in the future. However, currently that’s not the case. They label the token as an ‘index for all in-game resources combined on a single chain’. The only way players can get MEGA from the vault, is by depositing resources into the vault. The less MEGA there’s left, the more resources are required to obtain it. Therefore there will be fluctuations in value.
MegaCryptoPolis expanding for two years
MegaCryptoPolis isn’t a new game. The game already allows players to earn money by trading and being active. In May the studio announced it had paid out 3.5 million dollars to gamers over the past two years. Back then the Tron version paid 487 thousand dollars over a period of two months.
What is MegaCryptoPolis?
You could compare MegaCryptoPolis with a game like Simcity, however it also has elements from The Sims in it. Players can own houses, offices, and factories. Citizens need jobs, jobs need employees, factories produces resources, and so on. All these digital assets are important for the MegaCryptoPolis ecosystem.
In addition the team is planning to add interior apartments to the game. This would mean that player-owned characters would have their own home, which could be decorate with furniture and electronics. These will also be ERC-721 or TRC20 tokens, which in turn need to be produced by factories, requiring resources, workers, transport and so on.
Currently MegaCryptoPolis is only playable in a web browser, both on desktop and mobile. In addition the team is working on a standalone client, a mobile app, interoperability between Tron and Ethereum and more unique buildings that players can design themselves using building blocks.
Robert Hoogendoorn is a gamer and blockchain enthusiast. He got in touch with crypto in 2014, but the fire really lit in 2017. Professionally he’s a content optimization expert and worked for press agencies and video production companies, always with a focus on the video games & tech industry. He’s a communication consultant for blockchain start-ups and writes not only for Play to Earn, but also other dapp websites and tech magazines.