9:00 PM (UTC +7) | November 27th, 2021, our community had a chance to welcome Wilson Duarte – Partnerships & community to join in an AMA to give fruitful information about the key features and roadmap of MetaBrands
This AMA was held by Azventures Public Group – the top crypto community in Vietnam, where investors and traders can obtain the lastest news and signals from bot/ admins, as well as discuss and share investment experiences in the crypto space.
At this AMA, the Wilson Duarte directly greeted the community and provided detailed information on MetaBrands as well as some key products and future plans.
Time: 9:00 PM (UTC +7) | November 27th, 2021
Airdrop 200 USDT for the best questions in the AMA.
Below are some main points of this AMA:
Question for Part 1- Project overview
Question 1: Firstly, can you give me a brief introduction about your team and MetaBrands? What are the occasions that lead you to the blockchain industry and this project?
Wilson Duarte: MetaBrands is a Metaverse Resource DAO that govern and manage assets and resources within the Metaverse, in order to grow and generate yield on a monthly basis while allowing instant exposure to top play2earn ecosystems.
80% of the yield generated through these diverse contributions in many realms of the metaverse are shared through the monthly yield airdrops program to owners of the MAGE Relic NFTs.
Question 2: We are curious about the meaning of #MetaBrands name! Also, could you share with us about the story that gave your team the inspiration and motivation to build and develop MetaBrands?
Wilson Duarte: One of the biggest inspirations behind MetaBrands was becoming an ally in the space and supporting other great projects and brands. This is the meaning behind the name MetaBrands, we wanted to help support brands that we deem Meta. The original concept was to support other projects we love, but also look for a way to connect them—which is how the idea of the MAGE Relics came to be.
Question 3: Can you share with us some upcoming events that MetaBrands is going to launch at the end of year 2021?
Wilson Duarte: We’ll have the IDO launch with DuckSTARTER, OxBull and a third launchpad to be announced soon. Followed by the MAGE Relic minting and marketing awareness campaigns + the launch of MetaBrands Ventures (private allocations for Relic holders) dedicated to projects related to metaverse and play-to-earn model.
Also, the deployment of the Axie Infinity farm which will start generating yield for Relic holders.
All that can be seen on our roadmap
Questions for Part 2 – Pre-collected questions from Twitter:
Question 1: What are the main features of MetaBrands and how was it developed? Where does its core competitiveness and advantages allow it to stand out in the market?
Wilson Duarte: One of its unique features is that 80% of the yield generated will be used to buy back the MAGE utility token off of the public market and then airdropped to MAGE Relic owners on a monthly basis.
No other project, to our awareness at this moment in time, is doing exactly the same as MetaBrands. There may be bits and pieces that are similar with other projects, but MetaBrands is a culmination of many different unique pieces that create a true Gateway to the Metaverse.
Question 2: What is the use case of $MAGE token? Can you tell me what is the incentive for market demand for a $MAGE token? Can you convince us about long-term potential increase in $MAGE market value?
Wilson Duarte: MAGE is the governance and utility token in the MetaBrands ecosystem. One key use case of the MAGE token is NFT minting, as the MAGE token is sacrificed or burned in order to create the MAGE Relic NFTs which makes the holder eligible for monthly airdrops and MetaBrands Ventures (Relic holders will have access to invest in early stage metaverse & NFT gaming project).
The MAGE token is also used alongside the MAGE Relics to vote on DAO proposals . Furthermore, the MAGE token can also be used for payments, liquidity mining, whitelisting, and discounts (when used to purchase assets directly from MetaBrand’s Treasury).
Question 3: Can you tell us about the business/revenue model of #MetaBrands project? How does the project work and generate profit? Does MetaBrands also provide Dex, STAKING and Farming features in future plans to increase profits for token holders?
Wilson Duarte: MetaBrands business/revenue model is quite unique. MetaBrands can be seen as an ally in the space to help elevate other projects and ecosystems by contributing and participating on a much higher level than an individual.
Another aspect is that the community and DAO decide the direction of the project, which projects it wants to contribute to.
Taking things one step further, what makes this even more unique is that 80% of the yield generated from different contributions will be used to buy back the MAGE utility token off of the public market and then airdropped to MAGE Relic holders.
MetaBrands will provide staking and liquidity mining incentives for the community
Question 4: Is MetaBrands completely safe? What security measures have been taken to provide a safe platform for the players, have they been audited?
Wilson Duarte: Security is top priority for any project, and that is no different for us. MetaBrands’ smart contracts will go under audits to ensure a higher level of confidence.
For extra security, MetaBrands will make sure that the Relic NFTs are verified on NFT marketplaces to be adamant about sharing with our community about the proper contract address and be careful of scams. We can provide guides and insight on how to verify our NFTs are in fact from the original contract address.
Please, take a moment to see one of our NFTs of the most famous marketplace, OpenSea Collection (MetaBrands Alliance): https://opensea.io/collection/metabrands-alliance .
Question 5: What are the top priorities for #MetaBrands project this year? and what plan will you do for the development of this project?What is the main vision and goal of MetaBrands and who are your targeted customers?
Wilson Duarte: Token launch and MAGE Relic Minting followed by the marketing awareness campaigns and the release of MetaBrands Ventures (private allocations for Relic holders).
IDO will happen in early December.
Vision and Mission is well outlined on our white paper.
PART 3: BEST LIVE QUESTIONS AZVENTURES PUBLIC GROUP
Question 1: While you build your project, do you take into account community feedbacks and demands?While you build your project, do you take into account community feedbacks and demands?
Wilson Duarte: Certainly. Community is key for project success. The cool thing about MetaBrands is that is a DAO composing of DAO advisors, MAGE token holders and also the Relic owners. These last part is truly the coomuntiy standing to support us and provide feedback, especially on which Metaverse & NFT Games project Metabrands should invest/collaborate such that give higher value to MAGE and Relic holders
Question 2: Do you guys feel satisfied by seeing your progresses and achievements till now, when you look back to the day when you have started this project?
Wilson Duarte: 100%. We’re really proud of what we have achieved so far.
MetaBrands aims to be a very important player in the Metaverse and play-to-earn economies. So we have a lot to achieve. What’s cool about? Relic holders will have major benefits as we progress into the Metaverse.
Question 3: Can you share Your opinion about Defi & NFT ? What makes your NFTs rate and special?
Wilson Duarte: DeFi is naturally merging with NFT as more utilities are added. MetaBrands shows that with its Relic NFTs and revenue share model
Question 4: Do you have tutorial videos so we can get to know your project more clearly or do you have a YouTube channel or something? can you share it with us?
Wilson Duarte: Yes, please follow MetaBrands’ YB channel.
We’re working on special content to make DeFi, Metaverse and NFT Games easier to understand for people who are just coming to space. Education is key and MetaBrands wil help tp onboard new people to the space
Question 5: Can you please share about your burn system and buyback system? How does burn work for your token?
Wilson Duarte: Sure. The yield generated every month will be used to buy back the MAGE from the market. Then 80% will be airdropped to Relic NFT holders, 10% will go to the treasury and the rest (10%) will be burned.
Please, see here the detail
For all of the questions that have not been answered yet, guys feel free to search for more information or ask directly to them on the links provided below: