Metafi - the financial metaverse of the future
MetaFi is building a metaverse like you’ve never seen before, and aiming to change the current web 3 trading experience.
MetaFi - the financial metaverse of the future
As humans have progressed through time, the way we trade — as well as the things that we trade — has changed a lot. While your boomer parents stick to commodities and bonds, you invest your money into $GME, monkey pictures and magic internet coins. So far, web 3 assets haven’t had a true web 3 experience for storing, trading, and investing into web 3 assets, until now..
MetaFi is building a financial metaverse like you’ve never seen before, and aiming to change the current web 3 trading experience. Let’s explore the what, the why, and the how of Metafi👇
What is MetaFi?
MetaFi is the financial metaverse of the future.
The MetaFi metaverse is an advanced and futuristic version of the world. This digital version of planet Earth is divided into a select number of zones, where each zone represents a specific asset class. Each zone allows users to trade, display NFTs, and communicate with others using text, images, or voice chats.
It’s a true social experience, where the user is represented by his/her digital avatar; the MetaFi Citizen (linked to the user’s wallet). This virtual experience (powered by VR) makes trading more fun, and more social. Trade crypto in a virtual environment, trade knowledge with other MetaFi citizens, share ideas, and show trades in real time.
The metafi zones
The following zones can be found in the Metafi metaverse:
- Coin trading
- Perps (perpetual futures)
MetaFi’s ultimate goal is to be the true one-stop shop for trading:
- Trade any coin like you do on DEXes and CEXes
- Place offers for NFTs on leading NFT marketplaces
- Socially engage with your friends and other traders
- Access social platforms like Twitter, Discord, and Telegram directly from the metaverse
The metaverse bank
MetaFi is a world without limitations when it comes to trading, storing, and showcasing your digital assets, as well as growing your social status as a trader/investor.
In this digital, futuristics metaverse version of earth, the highlight of every city will be the metaverse bank. It’s a building owned by the MetaFi citizens where they can check and manage their portfolio in the vault room. Here is a sneak peek:
The metaverse bank is your home base, where you can do all sorts of things. MetaFi has metaverse banking partnerships lined up, and have announced a few of them already. For example, Mintable; a leading NFT marketplace. Having them as a partner allows for instant NFT liquidity, allowing MetaFi citizens to delegate their NFT to guilds to earn passive income, and enables NFT renting on demand.
Like Mintable, Metafi has more partners lined up to create the greatest financial metaverse in the market.
MetaFi initial metaverse offerings
One of MetaFi’s products is their launchpad where users can participate in ‘initial metaverse offerings’. These are IGO’s and IDO’s hosted in the MetaFi metaverse. This is another strong utility which will incentivize holders to stake their tokens in order to participate in these launches.
MetaFi token utility and tokenomics
Let’s start with tokenomics. The supply split looks like this:
- 25% ecosystem incentives
- 10% private sale
- 4% partners and advisors
- 4% public sale
- 24% liquidity, marketing
- 18% Team
- 15% development
One of the strong points is that there isn’t a disproportionately huge percentage of the supply allocated towards early investors.
Now, on to the MetaFi token utility:
- 30% of the stakers (randomly selected) gets cashback on their trading fees
- Stakers earn XP which allows them to participate in public sales (initial metaverse offerings) on the MetaFi launchpad
- Stakers get access to NFT lotteries
- Access to premium features depending in token balance (early access to new releases, new trading zones, and NFT drop collaborations)
- Purchases can be made with the Metafi tokens. E.g. skills (upgrade characters), customization (skins, items and maps), and feature subscriptions (some MetaFi institutional partners will have exclusive features in the MetaFi metaverse which can be purchased using MetaFi tokens)
MetaFi is designed to be deflationary
MetaFi has designed the tokenomics and token economy in a way that it becomes deflationary. But, there’s a catch; this is solely based on the user acquisition and user retention of the MetaFi metaverse.
$METAFI token has been strongly integrated within it, so that more users over time will lead to decreased supply. To name one example of how this is achieved; the generated fees are used to buy back $METAFI from the open market and subsequently burned.
I hope you enjoyed this article. I’m a private sale investor in MateFi so naturally I’m excited about what they’re building and curious what the finished metaverse will look like. Remember that I’m just a random pig on the internet and you should always do your own due diligence. I’m not a financial advisor.
Content that doesn't suck:
A deep dive into Entangle
A deep dive into Entangle the defi sub-layer for cross-chain liquidity a deep dive into entangle I believe Entangle can solve the DeFi liquidity issues
A deep dive into Celestia
If Ethereum and Cosmos had a baby, and granted it a $56M trust fund, you’d get Celestia. Let’s take a look at what they’re building in this deep dive!
A deep dive into Nillion
Nillion is a highly ambitious infrastructure project which, if it succeeds, can have a huge impact on web3, as well as outside of web3
A deep dive into Kaspa
Kaspa is a PoW layer 1 that aims to address some of the security difficulties from Bitcoin’s Nakamoto Consensus, using the Ghostdag protocol.