AUS
NZ
UK
CA
USA
IND
Highlights
- Medano is focused on building a decentralized play-to-earn platform.
- It is based on the Own-to-Earn model, where each token holder can earn in cryptocurrencies.
- The MDO token rose 102.43% to US$0.009374 at 12:43 pm ET on Friday.
The Medano (MDO) crypto price has doubled in the last 24 hours after it announced its Sand City NFT Founders Pass launch date. The NFT sale started at 16:00 UTC on April 29. The MDO token rose 102.43% to US$0.009374 at 12:43 pm ET after the sale event kicked off.
On Thursday, the play-to-earn segment of the crypto market was down 6.78% to US$13.3 billion, but the Medano token climbed. Its trading volume was US$758,588 in the last 24 hours.
On April 28, it hit an all-time low of US$0.00464504.
Medano (MDO):
Medano is focused on building a decentralized play-to-earn platform where players can decide the content and the future of the game. It is based on the Own-to-Earn model, where each token holder can earn in cryptocurrencies.
Also Read: GMT and FITFI cryptos: Is move-to-earn the next big thing?
According to its whitepaper, the players can earn NFTs and cryptos by playing games. The NFT creators also have opportunities to earn. The Medano game studio has two projects: Sand City and God of Sheep.
Also Read: What is socialize-to-earn Gamium (GMM) crypto? Things to know
In Sand City, players earn by playing trials, uncovering easter eggs, renting NFT characters, and creating custom cosmetics for use in the next season pass. The daily sales income in fiat and cryptocurrencies is redirected to the token holders in the form of MDO tokens.
In God of Sheep, one can earn NFTs by playing Medano's mini-games. Players can sell the NFTs to other players and watch ads. Medano uses the revenue from the advertisements watched or cosmetics sold to buy more MDO tokens and distribute them to token holders daily.
Its team members include Marouan el Mhassani, Milos Novakovic, Rafal Leszek, Andreas Scheeper, and Iwan Munnikes besides freelancers.
Also Read: What is Secret (SCRT) crypto and why is it drawing attention?
Data Source: coinmarketcap.com
Also Read: Ondo Finance’s DAO, native token coming soon with US$20 mn capital boost
MDO Token:
Its market capitalization is US$435.6 thousand. The token has a total supply of 100 million, and its self-reported circulating supply is 45.8 million.
Currently, the token is available on the PancakeSwap (V2) crypto exchange.
Also Read: OneFootball’s Web3 dream gets a boost with US$300 mn funding
Bottom line:
According to Coinmarketcap, there are currently around 300 play-to-earn game projects, of which around 80 have a combined market capitalization of more than one million. The top P2E projects by market capitalization are Decentraland, The Sandbox, Axie Infinity, and Gala, with a market cap of more than a billion each.
Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.
