ETNA Network Releases Multi-utility MTB Token With IDO Sale Closing on Feb 8th
Blockchain firm ETNA Network has already captured the interest of investors. One of the company’s main goals is to develop interlinked offerings in DeFi, NFT, and gaming. The project was meant to be a hybrid gaming ecosystem at its inception. Traditional games might be integrated into the blockchain using technologies developed by the company. However, presently, the firm is concentrating on DeFi, NFT applications, and gaming, which are the three most essential components of blockchain technology in recent times.
On February 1st, 2022, ETNA Network released the MTB, a play-to-earn and Metaverse rewards token on 0xPad Launchpad. The sale will come to an end on February 8th at midnight. ETNA ecosystem is powered by 5,000,000,000 MTB tokens, which are up for sale.
On the BSC, one IDO token costs 0.0001 BUSD, and on Polygon, 1 MTB is worth 0.0001 USDC. In order to raise $500,000, the company is offering MTB for BUSD and USDC.
Pancakeswap and Quickswap will each get $150,000 BUSD and $150,000 USDC in MTB liquidity from the funds raised. On the other hand, marketing and development will take up the rest of the funds. MTB will be launched on Pancakeswap and Quickswap on February 8th, with a market value of $300,000 and a price of 0.00012 BUSD and 0.00012 USDC, respectively.
IDO Sale Details:
- Soft Cap/ Hard Cap: 250K/500K BUSD
- Network: BSC/Polygon
- IDO Starts On: February 1st at 5 pm UTC
- IDO Ends On: February 8th at 5 pm UTC
Post-Sale-Allocation’s Lockup and Vesting
- Liquidity will be provided to Pancakeswap when the sales have been completed.
- Immediately after the sale, participants will get their IDO allotment in full.
- 10% of ETNA Sacrifice allotment may be unlocked, and 90% of it is locked for six months. A 10% monthly payout follows this after the lockup period.
- LP farming and staking allocations are set in stone, and they pay out rewards to LP farmers and stakers over a long period.
- Play-to-Earn allotment of rewards is locked and paid out over a long period to the game participants.
MTB Token- Use Cases
It’s a crucial aspect of the game’s ecosystem and a multi-utility rewards token. Heroes may be levelled up, and a player may boost a hero’s metabolic rate by using an MTB token.
Using MTB Tokens in EtnaVerse, a metaverse of lost treasures in ETNA Game’s adventure/quest mode, players may acquire very rare and priceless goods. Moreover, the Lost Treasure P2E will be using both on and off-chain layers to minimize gas costs.
Holders of MTB tokens will be able to participate in governance. They’ll have a say in the project’s most important decisions. DeBank also uses it as a preferred asset. ETNA Network’s lending and borrowing platform come under DeBank. Customers may borrow money without paying interest if they put up ETNA tokens as security.
On the ETNA Network’s marketplace, MTB will also serve as a medium of exchange for the trading of NFTs. Customers will get MTB tokens as a reward from the organization.
MTB tokens may also be staked and mined in addition to the aforementioned principal use cases. More tokens are awarded to holders and liquidity miners. An ETNA staking investor also has the option of staking in MTB-based pools.
In addition, an ETNA-metrics approach will be used for the BBT trading feature membership tier structure. Thus, the broker’s membership level is determined by the broker’s MTB token to other asset ratios.
ETNA token owners who have accumulated a certain quantity of tokens will also be able to access special features. Players may make money while having a good time with The Lost Treasure’s fascinating tale.
Lastly, ETNA Network is designed to meet the needs of a broad spectrum of users, including beginners and experts. Because of this, the firm offers intriguing games that both groups may play and benefit from.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
