Earn with METAL and xMETAL
Last updated
Last updated
The Meta Life metaverse is powered by two tokens, named METAL and xMETAL, for which we have implemented special mechanics that makes them intrinsic to the Meta Life platform. These two ERC-20 tokens built on the Ethereum blockchain are both essential to the balance of the ecosystem. Rewarding users in different ways, their circulation empowers players and brings direct value to their holders. METAL and XMETAL, however, have different purposes.
METAL, a token of governance and primary utilities METAL is a limited supply token, which can only be earned by users under limited conditions. It is distributed as special rewards for particular events and achievements within Meta Life. The METAL first enable a decentralized governance of Meta Life. The stakers of this token will constitute the DAO and will participate in the important decisions of the ecosystem. Staking tokens not only allows to participate in the management of Meta Life, but also to generate additional ones in the form of METAL or xMETAL. This token will be used for future game asset offerings (GAO) and is the only crypto-currency that will be accepted on the Meta Life marketplace (see here). Its in-game uses are also multiple: METAL allows one to rent NFTs to another player for a limited time, to merge two Legends Zeroes or to join special events.
You can learn more about the METAL in the dedicated section here.
xMETAL, a daily use token The xMETAL is the base token of the Meta Life ecosystem. Unlike the METAL, the xMETAL has an unlimited supply, as its units are generated through the player reward process.
As a result, this token is the one that will be most used by Meta Life users. Its use cases are wide: it gives access to in-game advantages through micro-transactions, but also to participate in community events and to use advertising features. A section of this whitepaper, accessible here, is dedicated to the xMETAL token.