Metagalaxy Land is a blockchain-based metaverse GameFi platform that offers players a unique space-themed experience combining exploration, resource management, and play-to-earn mechanics.^[1][2][3]

Overview

Metagalaxy Land is built on the Binance Smart Chain (BSC) and features two distinct player types: Premium users known as Space Cowboys, who own NFT planets, and Freemium users called Space Pirates, who focus on resource trading and exploration. The ecosystem incorporates a decentralized exchange (DEX), mobile application development, and an NFT series.^[1][2]

The platform's native token, MEGALAND, serves as the primary in-game currency and is used for various transactions within the Metagalactic Universe. Players can earn tokens through activities such as harvesting, leveling up, constructing, forming alliances, and trading with other players. These tokens can then be exchanged on DEX/CEX platforms or used to purchase items on the Metagalactic NFT Marketplace.^[2]

Key Features

Player Types

1. Space Cowboys (Premium Users):
   • Own planet NFTs
   • Can terraform their planets
   • Manufacture high-value goods
   • Construct planetary and interplanetary manufacturing lines
   • Forge ships and form fleets
   • Build megaprojects
   • Claim rewards
   • Form Federations
2. Space Pirates (Freemium Users):
   • Freelancers who can establish clans and guilds
   • Act as armies and expedition crews for Space Cowboys
   • Engage in discovery, combat, scavenging, and mining
   • Participate in expeditions and trade
   • Customize ships

Gameplay Elements

• Exploration: Players can discover new planets and resources in the vast Metagalactic Universe.
• Creation: Users have the ability to create and customize their own planets.
• Resource Management: Harvesting, mining, and trading resources are key aspects of the game.
• Combat: Space Pirates can engage in battles and form alliances.
• Economy: A player-driven economy based on the $MEGALAND token and NFT assets.

Tokenomics

The MEGALAND token has a total supply of 1,000,000,000 tokens, distributed as follows:

• Seed: 8% (80,000,000 tokens)
• Team: 10% (100,000,000 tokens)
• Marketing: 15% (150,000,000 tokens)
• Rewards: 15% (150,000,000 tokens)
• Burn: 10% (100,000,000 tokens)
• Airdrop: 2% (20,000,000 tokens)
• Presale: 25% (250,000,000 tokens)
• Liquidity: 15% (150,000,000 tokens)^[1]

Token Migration

Metagalaxy Land initiated a token migration process from January 30th to February 29th, transitioning to the V2 token. This migration aimed to address issues such as the absence of taxes and excessive token supply in the old contract. The new contract introduces several changes, including reduced token supply, implemented transaction taxes, anti-bot codes, and enhanced gaming features. The migration process involved several steps, including determining the new token supply, deploying and auditing a new contract, and testing the migration process. A one-month period was provided for token holders to migrate their tokens, ensuring ample time for a smooth transition. During this period, trading was halted to fix the token price, and liquidity was transferred to the new token upon completion. The migration aimed to enhance security, efficiency, and user experience within the Metagalaxy Land ecosystem.^[4][5]

Development Roadmap

Metagalaxy Land's development is divided into five phases:

1. Phase 1 (Completed):
   • Design and graphics
   • KYC Certificate
   • Presale
   • DEX Listing
   • CoinGecko and CoinMarketCap listings
   • Audit
   • Reaching 10,000 holders
2. Phase 2 (Completed):
   • Airdrop
   • Social media presence expansion
   • Private NFT sale
   • Bounty campaign
   • AMA sessions
3. Phase 3 (Partially Completed):
   • Trading competition
   • CEX listings
   • Metagalactic Metaverse Beta Version (In progress)
   • Single-player deployment (In progress)
4. Phase 4 (Upcoming):
   • Major partnerships
   • Community expansion
   • Multiplayer deployment
   • Public NFT launch
5. Phase 5 (Future Plans):
   • Full Metagalaxy Metaverse launch
   • Metagalactic NFT Marketplace
   • Reaching 100,000 holders^[1]

Funding

In June 2023, 10SecLabs invested in Metagalaxy Land to support Metagalaxy Land's development as it approached its Metaverse Platform Launch. The pre-alpha version, which was scheduled for early July 2023, featured gameplay where users assume the role of Space Pirates on the 'Decentralized Planet,' collecting points to advance on leaderboards and earn rewards.^[3]