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Highlights
- METAPAY token is used in the Metaxion universe to make purchases.
- Metaxion is built in the metaverse universe.
- The token is available for purchase on PancakeSwap (V2) and VinDAX crypto exchanges.
The MetaPay (METAPAY) crypto is leading the gainers' list on Thursday amid a crypto crash that wiped off over US$200 billion in market value in the last 24 hours, as per Coinmarketcap.
The crypto market fell 14.41% to US$1.20 trillion on Thursday morning, as its slide continued, dropping around 35% in a month.
The METAPAY token traded at US$0.00000281, up 240.47% at 8:14 am ET. But there was no clear reason for the price gains. The token is used in the Metaxion universe to make purchases.
Video: Why Has Crypto Market Continued to Plummet?
What is the Metaxion universe?
The Metaxion universe is built in a metaverse, where people can make purchases. But they must buy the MetaPay token first to access the services.
Metaxion is a new project, and its website has no information about its founders.
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Facebook’s rebranding to Meta Platforms Inc last year boosted the metaverse concept, as the social media company explained its potential while announcing the decision.
Various new metaverse-themed projects popped up after its name change. Some popular metaverse projects include Decentraland, The Sandbox, Hyperverse, Axie Infinity, etc.
These projects have created a virtual world where people can enter the space in their avatars, buy NFTs, games, etc., and do many other activities, including as diverse as keeping pets.
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Metaxion is also based on the same idea. One can buy a plot or an avatar in its universe by paying in MetaPay tokens. They can even convert the tokens into other cryptocurrencies.
The Metaxion project is in Phase 2 of its development. It has completed its Coinmarketcap listing and BscScan update. According to its whitepaper, it also plans to complete its CoinGecko listing and launch a demo of Metaxion Avatars in Phase 2.
Also Read: What is EOS crypto? All you need to know
Data Source: coinmarketcap.com
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Metaxion land parcels
People can build buildings and other structures on the plots they purchased and view them through AR, which is yet to be published on the MetaPay application.
The token has a market capitalization of US$2.34 million.
Its trading volume soared nearly 124% to US$132,021 in the last 24 hours. MetaPay’s self-reported circulating supply is 750 billion, and the total supply is one trillion.
Currently, the token is available for purchase on PancakeSwap (V2) and VinDAX crypto exchanges.
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Bottom line:
The project has burned 200 billion MetaPay tokens so far. Some 50 billion tokens are reserved for the team.
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