First Blockchain Game METASNAKE Beta Drew Over 30,000 Players Globally
4 March 2022 – AAX, the cryptocurrency exchange with the vision of bringing the benefits of crypto to everyone, today announced its collaboration with Metasens, the metaverse project under Imperium Technology Group (0776.HK, the Group). Metasens’ native utility token MSU is now listed on the institutional-grade cryptocurrency exchange, marking MSU’s official debut on global cryptocurrency exchanges. Users can now trade MSU through the AAX platform and enjoy limited-time offers, such as an APY of as high as 20% on their MSU fixed savings.
MSU is the native token of the Metasens universe with a token supply capped at 500,000,000. New tokens will no longer be issued once the limit is reached. Users can freely use and trade MSU in the Metasens universe as well as on blockchain games developed by Metasens. When users actively participate and perform well in the community, they will be qualified to receive a certain amount of MSUs as a reward. MSU is also the governance tool on Metasens. Users who hold MSU tokens naturally become part of the decision-making and governance of Metasens, revolutionizing the traditional landscape of the gaming ecosystem, which is typically dominated by gaming developers.
In addition, users can also obtain and use MSUs in the first blockchain game launched by Metasens – METASNAKE, which has successfully wrapped up its beta with over 30,000 players joining from all over the world. The MSU token will also be the currency for all future blockchain games developed by Metasens. The higher a player’s ranking is in the games, the more MSUs they could claim.
With MSU being the 10th listed GameFi token on AAX, the exchange is actively exploring the Metaverse ecosystem and GameFi acts as a natural gateway to onboard new users to crypto. Following the listing of multiple GameFi tokens from Animoca Brands at the end of 2021, AAX aims to further consolidate the platform’s strategic development in the blockchain game sector through its collaboration with Metasens, embracing the next wave of exponential growth in the crypto world.
Mr. Terry Yeung, Executive Director of Imperium Technology Group, said: “It’s encouraging to witness the positive progress that Metasens has been making since its launch four months ago. We are thrilled to see that in addition to the successful launch of our first blockchain game METASNAKE, MSU token has achieved this milestone to be listed on the leading crypto exchange AAX, a critical move for the Metasens ecosystem to go global. The team now is also in discussion with a dozen of global crypto exchanges for the listing of MSU within this year, elevating the token’s liquidity and circulation.”
To realize Metasens’ global roadmap, the project plans to scale its team size to over 500 within this year, meanwhile actively identifying teams and resources that are equipped with suitable technology and talents across Southeast Asia, South America, Europe, and so on.
Ben Caselin, Head of Research and Strategy at AAX, said: “The rising popularity of metaverse applications is driven in part by innovation in the GameFi space. We see 2022 as the year of GameFi’s exponential growth. AAX hopes to act as a proactive participant and facilitator in this ecosystem by collaborating with quality projects such as Metasens. AAX will continue our efforts in exploring the GameFi ecosystem and discover more projects that carry great potential for us to partner with.”
The distribution of MSU is allocated by this proportion: 25% for development fund, 22% game rewards, 14% for investors, 12% for developers, 7% for the community, 12% for private placement, 3% for public placement, and the remaining 5% will be allocated to Metasens’ advisors and co-workers.
Metasens airdropped 20,000 MSU and staked 20,000 USDT earlier, with the staked volume exceeding expectation by 46%.
AAX is a top-tier crypto exchange that caters to a global audience with the vision of bringing the benefits of crypto to everyone. Through an accessible range of products and by contributing to the conversation about crypto and culture, we aim to empower the estimated 96% of people worldwide who do not yet own Bitcoin and other digital assets to build better and more inclusive economies.
Favored by more than two million users in over 100 countries, AAX is the first exchange to use the Satoshi Standard (SATS) to drive the adoption of Bitcoin. We are also the first to be powered by LSEG Technology, offering high-yield savings packages, 150+ spot pairs, deeply liquid futures markets, regular discounts on major tokens and a range of on- and off-ramp products.
Metasens is the metaverse project rolled out by Imperium Technology Group (0776.HK) in the 4th quarter of 2021. As the first GameFi project developed by a Hong Kong listco, it aims to provide an open GameFi platform, and build a Universal Amusement Park together with global community and players. The Metasens is centered around the Holosens, the core “planet” of this metaverse which connects multiple of other planets orbiting around it, forming a complete cosmic galaxy. Every planet is an independent game genre, which will include RPG, STG, Shooting, A-AVG, Cards, Casual Social Games and so on. The vision of Metasens is to integrate traditional games with blockchain and NFT technology to lower the entry barrier for the public, meeting the entertainment needs of different age and demographic groups, and creating a diverse and unique metaverse for all.