Micropets
MicroPets is a software development company based in Florida, USA, with a focus on both software and blockchain technologies. The company offers a diverse ecosystem that includes 3D and 2D digital assets, its native token $PETS, staking, real-world asset integration, and gaming solutions. [1]
Overview
MicroPets operates a comprehensive Web 3 ecosystem, offering a wide range of digital assets, including 3D and 2D creations, gaming features, staking, and advanced blockchain technologies. Headquartered in Florida, USA, the company focuses on software and blockchain development, providing innovative solutions tailored to the needs of its growing user base.
The in-house development team at MicroPets combines expertise and creativity to deliver cutting-edge products, ensuring the company stays at the forefront of technological advancements. Collaborating with CryptIT, an IT security and blockchain solutions firm based in Vienna, MicroPets also emphasizes transparency, with CEO Jessus Zambrano completing a KYC process with Cyberscope.io. [2]
Micropets Relaunch
The Micropets project relaunched on October 19, 2023, following challenges faced by previous leadership after its peak in 2021. The new team, led by CEO Jessus Zambrano, took over on August 9, 2023, assuming control of all key aspects of the project, including the $PETS token, smart contracts, NFTs, and liquidity pools. [6]
As part of the relaunch, a new $PETS token was introduced, allowing users to exchange their old tokens at a 1:1120 ratio, with migration open until December 21, 2023. The token contract was developed in collaboration with CryptIT and audited by Cyberscope, prioritizing security and transparency. [5]
Micropets Roadmap
Key milestones achieved by the Micropets project since its transition to new ownership in August 2023 include:[4]
- Seamless transition to new ownership in August 2023.
- Doxxed and KYC-verified CEO and team.
- Migration of the $PETS token to a new BNBChain contract.
- Launch of the MicroPets merchandise store.
- Website and DApp optimization.
- Regular communication, including bi-weekly AMAs and updates.
- NFT supply reduction to 5,180 through the Super Evolution feature.
- Launch of $PETS token on Ethereum.
- Introduction of a custom cross-chain bridge for $PETS.
- Migration of NFTs from ERC-1155 to ERC-721 standard.
- Enabled multi-chain compatibility for 3D NFTs.
- Revamped DApp and marketplace with new features.
- Launched new staking options for 3D NFTs, including bonuses and boosters.
Bridge to MicroPets
MicroPets features a custom-built cross-chain bridge, designed to enable seamless interoperability between supported networks. Users can bridge their $PETS tokens across chains directly through the platform's dApp, with a bridging fee of 0.9% plus applicable network gas fees. [3]
Ecosystem
MicroPets operates a comprehensive Web3 ecosystem, incorporating 3D and 2D digital assets, utility features, staking options, and gaming components. The platform emphasizes community engagement, offering a diverse experience for its growing user base through a range of advanced technological solutions. [2]
Micropets Staking
Micropets introduced $PETS staking on Ethereum, allowing users to earn rewards while supporting ecosystem growth. Key features include:
- 6-Month Staking Pool: 12% APY.
- 12-Month Staking Pool: 20% APY.
Participants earn $PETS rewards, with options to reinvest or compound earnings. The staking program promotes liquidity and long-term stability. Future developments include NFT integration and staking on BNBChain. [7]
Tokenomics
Micro Pets Token ($PETS)
In October 2023, MicroPets migrated to a new $PETS contract, partnering with CryptIT and undergoing an audit by Cyberscope to enhance security. The relaunch on BNBChain achieved notable success, reaching a market cap of over $4.5 million. Liquidity for $PETS is locked for one year, and both buy and sell transactions are subject to a 5% tax. [3]
$PETS operates on both BNBChain and Ethereum, with a total supply of 10 billion tokens. On BNBChain, transaction taxes are allocated to buybacks (10%), marketing (35%), development (40%), and the liquidity pool (15%). On Ethereum, the tax distribution includes buybacks (1%), liquidity pool (2%), marketing (3%), staking (2%), and development (4%). [8] Additionally, $PETS can be used for staking, purchasing NFTs, and buying real-world products, with a custom cross-chain bridge supporting interoperability between networks.
