MetaGods crypto launches single staking pool for MGOD – Know more

3 min read | January 09, 2022 04:57 PM AEDT | By Versha Jain

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MetaGods crypto launches single staking pool for MGOD – Know more — Image source: NicoElNino, Shutterstock

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Highlights

MetaGods is a blockchain-based play-to-earn online action RPG.

MetaGods’ single staking pool went live on Friday.

One can earn profit by staking the MGOD token in the single asset pool.

Blockchain firm MetaGods (MGOD) token rose more than 43% after its single staking pool went live on Friday. The MGOD token was up around 43% to US$0.9039 after the launch.

MetaGods’ single staking pool would allow users to earn profits by staking the MGOD token.

Users can access the token on MetaGod’s DApp in the same way as in the LP staking pool.

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What is a single asset staking pool?

It is a single asset pool, unlike other pools that have different tokens for staking.

The single asset staking pool is a smart contract in which users are allowed to lock only the MGOD tokens for a fixed period and earn a return in percentage yield.

The lock-up period is one month for earning a return from staking.

The company said the pool went live for staking from Friday, January 7, 2022.

Currently, it has 100,000 $MGOD tokens for rewards. The higher the tokens in stake, the more the users would earn in MGOD tokens for staking, as per its official blog post.

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What is MetaGods?

MetaGods is a blockchain-based play-to-earn multiplayer online RPG game. In RPG, players directly control the game characters while keeping a check on their stats about strengths in real-time combat. It is like a shooter game where players fight against the gods. The game character (NFTs) teams up to fight the epic bosses to become true gods.

The RPG game has two tokens: MetaGods’ governance token, the MGOD token, used to enter special events, and RELIC token, an in-game currency that supports the game’s P2E structure.

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Also Read: Global NFT market topped US$40 billion in 2021: Report

Price and Performance

The MGOD token has a market capitalization of US$9,972,237. In the last 24 hours to Friday evening, its trading volume jumped 335.76% to US$2,488,127. Its self-reported circulating supply is 10,265,840, and its maximum and total supplies are the same at 500,000,000 MGODs.

The token hit an all-time high of US$1.13 on Dec 17, 2021, and an all-time low of US$0.603403 on Jan 5, 2022. The token is available on PancakeSwap (V2), ZT, and MEXC exchanges.

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Bottomline

Cryptos are volatile digital assets. Hence, investors must exercise due diligence before investing in cryptocurrencies.

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