MetaZoon is a platform built with a burning mechanism due to which the circulation supply of tokens is reduced rapidly. However, the token's liquidity can expand if the burning technique, a unique auto-liquidity function, and NFT combine. Burning is a technique used to eliminate the tokens from circulation.
MetaZoon started as a decentralized Meme coin but has grown into MetaZoon’s game Metaverse.Meme Coin is a cryptocurrency inspired by memes and internet jokes. The whitepaper states that the platform aims to bridge the gap between the P2E game and its participants, ensuring that the game is enjoyable and profitable. MetaZoon follows large-scale decentralization, which is a rare feature. MetaZoon aims to bring blockchain technology into the gaming industry.
The platform of MetaZoon enables the auto staking process wherein the wealth’s value seeks to grow the moment it starts holding the token. Moreover, MetaZoon's NFTs can be connected to other virtual spaces, allowing for the development of a digital market through the seamless transfer of NFTs. Also, MetaZoon seeks to offer the IDO (initial Dex offering) process in which cryptocurrency start-ups obtain financing. IDO is a technique to raise funding from retail traders. Additionally, MetaZoon's game platform allows users to create a new GameFi ecosystem based on unique NFTs acquired through Metazoon's games.
MEZ is the standard token name of MetaZoon and is a Binance Smart Chaintokenwith several characteristics. The token is a community-led project handled by volunteers because its contract ownership has been burned, and the launch is funded as liquidity. The whitepaper mentions that the token included Black Hole Algorithm during its launch. The black hole is understood as one of the wallets that receive 5% of all payments. As a result, the black hole expands endlessly, and the token supply reduces gradually. Currently, black hole owns 49.75% of the token supply in MetaZoon.
