Meteor Coin: A Blockchain-Based Play-to-Earn Gaming Platform

What is Meteor Coin

Friends, today let's talk about a project called “Meteor Coin.” But before we dive in, we need to clarify one concept: what we usually refer to as “Meteor Coin” (abbreviated as MTO) is actually the core token within the blockchain game project “Meteorn Run.” You can think of it as a “pass” and “voting right” in the game world, while “Meteorn Run” is the game itself.

So, what exactly is “Meteorn Run”? It’s a “Play-to-Earn” (P2E) game built on the Polygon blockchain. Simply put, while playing the game, you not only enjoy the fun but also have the chance to earn valuable digital assets. Imagine putting on virtual “running shoes,” running and dodging obstacles in the game—like participating in a digital marathon—while collecting unique digital collectibles, which are what we commonly call “Non-Fungible Tokens” (NFTs).

Core scenario: Players earn in-game tokens and NFTs (virtual running shoes) by participating in the game, such as dodging obstacles. These NFTs have different attributes and rarities and can be traded in the in-game marketplace.

Project Vision and Value Proposition

The vision of the “Meteorn Run” project is to create a digital world that is both fun and rewarding by combining gaming and blockchain technology. Its core value proposition is to enable players to not just consume entertainment, but to create and own real digital assets through their time and effort in the game. The founder, Mr. Yuki Omata, aims to develop simple and easy-to-understand games suitable for all ages, so more people can experience the fun of GameFi (Game Finance).

Unlike traditional games, in blockchain games like “Meteorn Run,” the virtual items (NFTs) you acquire truly belong to you. You can freely trade, sell, or even use them on other compatible platforms, rather than being solely owned by the game company. It’s like buying a pair of limited-edition sneakers—not only can you wear them, but they can also retain or increase in value, and the ownership is entirely yours.

Technical Features

The technical foundation of “Meteorn Run” mainly includes the following points:

Blockchain Platform: Polygon

This project runs on the Polygon blockchain. Why choose Polygon? You can think of Polygon as a highway connected to the main road (Ethereum), but it’s wider, faster, and cheaper. This means transactions in the “Meteorn Run” game (such as buying and selling NFTs) are faster and cheaper, greatly enhancing the player experience.

Dual Token Model

“Meteorn Run” adopts a “dual token” design, which is common in blockchain games. It has two main tokens:

• MTO (Meteor Coin): This is the project’s “governance token.” Owning MTO is like holding company shares, allowing you to participate in major future decisions for the project, such as voting on game rule changes and new feature development. You can also stake MTO to earn another in-game token, GMTO.
• GMTO (Game Meteor Coin): This is the “utility token” within the game. Think of it as the in-game currency, used to buy game items, repair your virtual running shoes, upgrade NFTs, and more. There are mechanisms in the game that burn GMTO, such as repairing shoes and upgrading items, which helps control the total supply of GMTO.

NFTs (Non-Fungible Tokens)

The core assets of the game are NFTs, specifically various virtual “running shoes.” Each pair of shoes is unique, with different appearances, attributes, and rarities, just like limited-edition collectibles in the real world. Players can use these NFT running shoes to participate in the game and trade them in the in-game marketplace (Meteorn Run Portal).

Tokenomics

Let’s take a closer look at the economic models of MTO and GMTO:

MTO Token (Meteor Coin)

• Token Symbol: MTO
• Issuing Chain: Polygon
• Total Supply: 100 million
• Main Uses:
  • Governance: Holders can participate in project decision voting.
  • Staking: Stake MTO to earn the in-game utility token GMTO.
  • NFT Purchase: Used to buy Meteorn Run NFTs.
  • Play and Earn: As part of the Play-to-Earn mechanism.
• Token Allocation:
  • Private Sale: 1%
  • Liquidity: 2.5%
  • Community Marketing: 7.5%
  • Ecosystem Fund: 10%
  • Play-to-Earn: 52%
  • Game Incentives: 10%
  • Team: 15%
  • Advisors: 2%
• Circulation Info: According to self-reported data from the project team, the current circulating supply is about 65,860,967 MTO, with a self-reported market cap of $2,008,206.67. Please note, however, that CoinMarketCap has not yet verified this circulating supply.

GMTO Token (Game Meteor Coin)

• Token Symbol: GMTO
• Issuing Chain: Polygon
• Total Supply: 100 billion
• Main Uses:
  • In-game Transactions: Used to repair NFT running shoes, upgrade NFTs, purchase in-game items, etc.
• Burn Mechanism: GMTO has multiple burn mechanisms, such as repairing NFT running shoes, upgrading shoes, and purchasing in-game items, which helps reduce the amount of GMTO in the market.

Team, Governance, and Funding

Core Members and Team Features

The founder of the “Meteorn Run” project is Japanese blockchain game entrepreneur Yuki Omata. He has six years of experience in digital marketing and entered the cryptocurrency industry in 2016. He brings his expertise in marketing and GameFi to this project, aiming to develop games that are simple and easy to play.

Governance Mechanism

As a governance token, MTO means the future direction of the project will be jointly decided by MTO holders. This decentralized governance model theoretically makes the project more transparent and community-driven, giving players and token holders a voice.

Funding

The whitepaper mentions token allocation includes shares for the “ecosystem fund” (10%) and “community marketing” (7.5%), which are typically used for project development, operations, and promotion. For specific funding scale and operational status, refer to more detailed financial reports or project announcements.

Roadmap

According to the whitepaper, the “Meteorn Run” project has a clear roadmap, including key milestones and events for 2023 and 2024. The roadmap usually lists the features, partnerships, and marketing activities planned for each stage of the project. It’s like a blueprint for the project’s development, allowing community members to understand its progress and future direction. As the whitepaper is in the public beta stage, specific content may be adjusted.

Common Risk Reminders

Every blockchain project comes with risks, and understanding these risks is very important, especially if you lack a technical background:

• Market Volatility Risk: The cryptocurrency market is highly volatile, and the prices of MTO and GMTO may rise or fall sharply in a short period. Investing in any cryptocurrency may risk loss of principal.
• Project Development Risk: The “Meteorn Run” project is still in public beta, and the whitepaper content may change. This means the project’s direction, features, and even tokenomics may be adjusted, with uncertainty involved.
• Technical and Security Risk: Although the project runs on the Polygon blockchain, technical risks such as smart contract vulnerabilities and network attacks still exist.
• Competition Risk: The GameFi sector is highly competitive, with new projects constantly emerging. Meteorn Run needs to keep innovating to stay competitive.
• Regulatory Risk: Global regulatory policies for cryptocurrencies and P2E games are still unclear, and future policy changes may impact project operations.
• Information Transparency Risk: Platforms like CoinMarketCap point out that MTO’s circulating supply is self-reported by the project team and has not yet been verified by a third party. This may affect the market’s judgment of the token’s real value.

Please remember: The above information does not constitute any investment advice. Before making any investment decisions, be sure to conduct thorough personal research (DYOR - Do Your Own Research) and consult a professional financial advisor.

Verification Checklist

• Block Explorer Contract Address: Since Meteorn Run runs on Polygon, its token contract address can be found on Polygonscan. This helps you verify the authenticity of the token, transaction records, and holder distribution.
• GitHub Activity: Current search results do not explicitly mention the GitHub repository activity of the Meteorn Run project. Generally, an active GitHub repository means the project code is being actively developed and maintained.
• Audit Report: Current search results do not explicitly mention the smart contract audit report for the Meteorn Run project. Audit reports can assess the security of smart contracts and reduce potential vulnerability risks.
• Official Materials: The whitepaper (GitBook) is an important source for understanding project details. In addition, the project’s official website and social media (such as Twitter, Telegram, Discord, Medium) are channels for obtaining the latest information and community updates.

Project Summary

In summary, “Meteor Coin” (MTO) is the governance token of the GameFi project “Meteorn Run,” which aims to build a Play-to-Earn NFT game ecosystem on the Polygon blockchain. Through unique virtual running shoe NFTs and a dual token model (MTO for governance and staking, GMTO for in-game spending), it seeks to combine entertainment with digital asset ownership, offering players a new gaming experience.

The project’s founder, Mr. Yuki Omata, has experience in digital marketing and crypto, and is committed to developing easy-to-play games. However, as a blockchain game project in public beta, it also faces risks such as market volatility, project development uncertainty, technical security, and regulation.

For those interested in blockchain games, “Meteorn Run” provides a window to understand the P2E model and NFT applications. But always remember, the cryptocurrency market is full of variables, and every project carries risks. Before participating, be sure to conduct in-depth research and make decisions based on your own risk tolerance. For more details, please refer to the project’s official materials.