KSM Starter IDO DeepDive: Metaverse Lab
KSM Starter is glad to announce that it will launch its first partner launchpad, Metaverse Lab. Metaverse Lab is the world’s first reflective, deflationary, multi chain and multi asset launchpad, which rewards its users for holding.
Metaverse Lab Overview
The Metaverse Lab launchpad will host a variety of assets, including NFTs, gaming IDOs, virtual real estate, digital art, and advertisement space. Compared to other projects, Metaverse Lab boasts unique token design, with 3% of all sale volume being equally distributed to remaining token holders, product development, and allocated burning.
Other Metaverse Lab strengths include the following: locked IDO project liquidity for one year, a unique anti-bot protocol, regular token burns, and a lengthy and intense IDO launch vetting process. It includes verification that team tokens are locked for one year minimum, locked liquidity on DEX, full security audits, video meetings with the team, robust project analysis, evaluation of market trends and product market fit, and full team KYC.
Each launched project will also have access to Metaverse Lab’s legal department for token jurisdiction alignment, industry connections from an extensive advisory network, tokenomic investing schedule design, and a booster strategy which includes development support, token contract creation, and auditing.
Beyond the central launchpad, Metaverse Lab also will feature play to earn games and an NFT marketplace.
Metaverse Lab Deepdive
Regarding NFT integration, the team’s plan is to release 20 limited edition NFTs, which will be available in the open market or through one of their partnered NFT marketplaces.
Holding these NFTs will guarantee investors certain privileges, such as:
- Guaranteed allocation in all IDOs
- Strategic and private allocation in IDO projects
- Voting rights
By the end of Q1 2022 their NFT market place will go live and more NFTs will be minted and regularly sold in their market place . Their NFTs will focus on Metaverse related and futuristic themes and will also include partner ventures with other NFTs projects to distribute in their NFT market place. This is advantageous because the more sales volume routed through their market place, the more revenue will be rewarded to their token and NFT holders.
In terms of P2E games, Metaverse Labs plans to launch in Q2 2022. As of now development is still in its genesis stage; however, it will be a simple P2E game in which players use MVP tokens/ MVP NFTs to buy characters and play the game. The winner of game tournaments will earn more MVP tokens/ NFTs, creating strong incentives to play and bring more utility to tokens.
About Metaverse Lab
About KSM Starter
KSM Starter, the primary launchpad on Kusama, is built to provide early-stage support and public funding for projects building on Substrate. KSM Starter’s incubator modeled launchpad is driven by the community and shared values of fairness, transparency, and decentralized organization. Unique to the KST ecosystem, community members are incentivized to participate in the pre IDO selection process through higher allocation rewards. Also unique to KSM Starter, collaboration is fostered among launched projects by incentivizing community members to support previous launches by awarding them with improved lottery odds. This along with the KST Ecosystem Council generates a synergistic network effect that empowers all projects to succeed and leave a lasting impact on Kusama.