The play-to-earn project reports significant growth

Meta Games Coin has witnessed significant growth in a year as adoption soars across NFT, P2E, and metaverse ecosystems.

Meta Games Coin (MGC), a cryptocurrency within the RZ Oasis ecosystem developed by Coin Factory, has reported a consistently impressive adoption growth. This blockchain-based play-to-earn token has seen a 15X growth over the last 12 months. 

MGC, a BEP-20 token, operates on the BNB Smart Chain and serves as a utility token for play-to-earn environments, non-fungible token (NFT) marketplaces, and gaming-related virtual events. According to the project team, MGC is designed to support players who wish to trade in-game assets, participate in decentralized tournaments, and engage with emerging metaverse applications.

Sustainable market activity

Project representatives have pointed out that the MGC’s growth has been ‘organic’, which is a result of consistent demand within decentralized exchanges rather than centralized trading avenues. Over the last 12 months, MGC witnessed a 15-fold increase. The team attributes this growth to long-term community participation rather than momentary hype or speculative spikes. 

Meta Games coin, unlike other blockchain projects that depend on centralized exchange (CEX) listings to inflate visibility, has deliberately avoided this course. MGC reasons the move with issues over non-transparent practices such as listing fees, preferential allocations, and potential exposure to pump-and-dump schemes. Instead, MGC chooses to focus solely on decentralized exchange (DEX) pools, which complies with its ‘community-focused’ approach.

The project is an attempt towards upholding principles of decentralization, transparency, and user protection, even if it means slower initial visibility. MGC claims to choose “ethics over shortcuts, delivering genuine value in a decentralized ecosystem.”

Real metrics, real-time activity

While centralized price aggregators may underreport MGC’s activity (since many decentralized pools aren’t fully captured), several indicators speak volumes:

• Live trading data shows MGC has gone up by 1644.1% in the past 1 year.
• MGC is available through DEXs like PancakeSwap and via non-custodial wallets like Trust Wallet and MetaMask. It is currently trading at $3.53, which is up 1.9% in the past 24 hours.
• The total supply is capped at 100 billion MGC cryptos

How to get started with MGC

• Install a reliable non-custodial wallet (for example, Trust Wallet, MetaMask, etc.).
• Add MGC using its contract address: 0xbb73BB2505AC4643d5C0a99c2A1F34B3DfD09D11
• Use the wallet to swap other tokens for MGC via decentralized exchanges like PancakeSwap.
• Start participating, i.e., play games, earn, stake, trade, and engage with the MGC universe.

Project background and roadmap

MGC was launched by Coin Factory as part of the broader RZ Oasis ecosystem, which aims to build a set of interconnected services for gamers. This crypto project plans to integrate:

• Expanded staking mechanisms for holders
• A metaverse city known as MGC City
• NFT marketplace participation
• Community-driven tournaments and digital-physical gaming clubs

The whitepaper of MGC details staking modules, reward distribution mechanisms, dynamic in-game marketplaces, and a roadmap toward full interoperability within the RZ Oasis ecosystem. The document also discusses multi-layer governance plans and community voting features to give MGC holders direct input on development decisions.

As for now, CoinMarketCap volume data reflects only a fraction of MGC’s overall decentralized trading activity, as multiple liquidity pools contribute to its market.

With its emphasis on decentralization and gradual adoption, MGC positions itself within the growing blockchain gaming market as a crypto founded on the principles of fair distribution and real-world gaming applications.

For more information, visit the official website.