Meteor Coin: GameFi and Play-to-Earn Platform Based on Polygon

What is Meteor Coin

Friends, imagine if playing games not only brought you fun, but also allowed you to truly own in-game items, and even earn some digital assets by playing—isn't that cool? Meteor Coin (MTO for short) is the “passport” and “voice” in such a world. It’s not a standalone game, but the core governance token of the game project Meteorn Run.

Meteorn Run is a “Play-to-Earn” (P2E) game based on the Polygon blockchain. Simply put, it’s like a digital playground where players can take on roles, play a parkour-style game to dodge obstacles, and collect and earn digital currencies and unique digital collectibles, also known as NFTs (Non-Fungible Tokens). These NFTs can be in-game characters, shoes, or other items, each one is unique, and you can own them or even trade them in the game marketplace.

So, the main function of the MTO token is to give you a voice in the Meteorn Run game world, participate in community decisions, and earn another in-game token, GMTO, by staking MTO.

Project Vision and Value Proposition

The vision of the Meteorn Run project, in the words of founder Yuki Omata, is to develop “a simple game that people of all ages can enjoy.” Its core value proposition is that it tries to solve the problem in traditional games where players do not truly own their in-game assets. In traditional games, the skins and items you buy are just lines of code in the game company’s database—they don’t really belong to you.

Meteorn Run introduces blockchain technology and NFTs, allowing players to truly own digital assets in the game, such as those unique “NFT shoes.” It’s like buying a pair of limited-edition physical shoes—they’re yours, you can wear them, collect them, or even resell them. This “Play-to-Earn” model lets players enjoy the fun of gaming while also earning economic rewards through their effort and investment, building a player-driven digital economic ecosystem.

Compared to similar projects, Meteorn Run focuses on the parkour game experience and adopts a dual-token model of MTO and GMTO, aiming to balance governance and in-game economic operations.

Technical Features

The technical core of Meteorn Run is mainly reflected in the following aspects:

Blockchain Foundation

The project runs on the Polygon blockchain. Why choose Polygon? You can think of it as a highway—compared to some congested blockchains (like Ethereum mainnet), Polygon processes transactions faster and at lower cost, which is very important for P2E games that require frequent in-game operations, greatly improving the player experience.

GameFi Model

Meteorn Run adopts the GameFi (Game Finance) model, also known as “Play-to-Earn.” This means the game is not just entertainment, but also incorporates financial attributes, allowing players to earn cryptocurrency and NFT rewards through gameplay.

NFT Assets

Characters, shoes, and items in the game are all NFTs. An NFT is a special kind of digital asset, each with a unique identity recorded on the blockchain, proving your ownership. It’s like issuing a unique digital certificate for your game items, ensuring they are real and cannot be copied.

Dual-Token Model

Meteorn Run has designed two tokens: MTO and GMTO. MTO is the governance token, giving you the right to participate in project decisions; GMTO is the in-game utility token used for daily game operations. This design helps separate the project’s long-term development from short-term in-game economic activities, making the system more stable.

Tokenomics

The Meteorn Run project adopts a dual-token model: MTO (Meteor Coin) and GMTO (Game Meteor Coin).

MTO (Meteor Coin)

MTO is the project’s governance token; you can think of it as the “stock” or “voting right” of the Meteorn Run digital community.

• Token Symbol/Issuing Chain: MTO, mainly runs on the Polygon blockchain.
• Total Supply: The total supply of MTO is fixed at 100 million.
• Token Utility:
  • Governance: MTO holders can participate in Meteorn Run project decisions, such as voting on the game’s future direction and updates.
  • Staking to Earn GMTO: You can stake (Staking) MTO to earn the in-game utility token GMTO.
  • NFT Purchase: MTO can also be used as currency to buy NFTs in Meteorn Run.
• Token Allocation: MTO allocation ratio is as follows:
  • Private Sale: 1%
  • Liquidity: 2.5%
  • Community Marketing: 7.5%
  • Ecosystem Fund: 10%
  • Play and Earn: 52%
  • Game Incentives: 10%
  • Team: 15%
  • Advisors: 2%
• Current and Future Circulation: Regarding MTO’s circulating supply, different sources provide different information. CoinMarketCap mentions its “Unlocked Circulating Supply (UCS) is 82.2 million MTO,” but also notes “the CMC team has not verified the project’s circulating supply.” Bitget shows the current circulating supply as 0 MTO. This indicates that the actual circulating supply of MTO may require further official confirmation.

GMTO (Game Meteor Coin)

GMTO is Meteorn Run’s utility token, the “universal currency” in the game.

• Token Utility:
  • In-game Transactions: GMTO is used for various in-game operations, such as repairing your NFT shoes, upgrading NFT shoes, and purchasing in-game items.
• Burn Mechanism: GMTO has a burn mechanism, meaning a portion of GMTO will be permanently removed during certain game actions, such as repairing NFT shoes, upgrading shoes, and buying in-game items. This helps control GMTO supply and prevent excessive inflation.
• Acquisition Method: Players can earn GMTO by staking MTO tokens.
• Circulating Supply: CoinGecko shows GMTO’s estimated circulating supply is about 11.5 billion.

Team, Governance, and Funding

Team

The founder of Meteorn Run is Yuki Omata, a Japanese blockchain gaming entrepreneur. Mr. Omata has 6 years of experience in digital marketing and entered the crypto industry in 2016. He has been both a GameFi user and a marketing professional at a fund company. He founded Meteorn Run in January 2023, aiming to develop a simple and accessible game for all ages.

Governance

MTO, as the project’s governance token, gives holders the right to participate in project decisions. This means that as the project develops, MTO holders will be able to vote on Meteorn Run’s future direction, major updates, and community proposals, jointly shaping the future of the game ecosystem. This is a decentralized governance model, giving community members more say.

Funding

The project’s funding sources include the private sale (1% of total supply) and a dedicated ecosystem fund (10% of total supply) in the MTO token allocation. These funds will be used for project development, operations, marketing, and ecosystem building.

Roadmap

The Meteorn Run whitepaper mentions roadmap plans for 2023 and 2024. Although the specific detailed timeline and events are not fully disclosed in the current search results, we can learn some key information:

• January 2023: Project founded by Yuki Omata.
• Current Status: Meteorn Run is currently in the Public Beta Phase. This means the project is still actively being developed and improved, and the content in the whitepaper may be adjusted in the future.

For more detailed roadmap information, it is recommended to consult the official Meteorn Run whitepaper.

Common Risk Reminders

Investing in any cryptocurrency project comes with risks, and Meteor Coin is no exception. Before considering participation, be sure to understand the following common risk categories:

Technical and Security Risks

• Smart Contract Risk: Blockchain projects rely on smart contracts, and if there are vulnerabilities, assets may be lost. Although the whitepaper is public, audit reports and other information need further verification.
• Platform Risk: Meteorn Run is currently in public beta, and the whitepaper content may change. This means the project’s features, economic model, etc., may be adjusted in the future, with uncertainty.
• Blockchain Network Risk: The project runs on Polygon, which is generally stable, but any blockchain network may face technical failures, congestion, or security attacks.

Economic Risks

• Market Volatility: The cryptocurrency market is known for its extreme volatility. MTO’s price may rise or fall sharply in a short period, which could lead to investment losses.
• P2E Model Sustainability: The “Play-to-Earn” game economic model requires careful design and ongoing maintenance to stay healthy. If user growth stagnates or the economic model becomes unbalanced, token value may decline.
• Liquidity Risk: If MTO’s trading volume on exchanges is insufficient, you may have difficulty buying or selling tokens at your desired price.
• Unverified Circulating Supply: CoinMarketCap notes that MTO’s circulating supply has not been verified by its team, increasing market information uncertainty.

Compliance and Operational Risks

• Regulatory Uncertainty: Global cryptocurrency regulation is still evolving. Future policy changes may affect the Meteorn Run project and its tokens.
• Project Operational Risk: The project’s success depends on the team’s ongoing development, community building, and marketing. If the team underperforms or faces unforeseen challenges, the project may not meet its goals.

Please remember, the above information is for project introduction only and does not constitute investment advice. Before making any investment decisions, be sure to conduct thorough independent research (DYOR - Do Your Own Research) and carefully assess your own risk tolerance.

Verification Checklist

To help you better understand Meteor Coin and the Meteorn Run project, here are some official resources and information you can check yourself:

• Official Whitepaper: The most comprehensive material for understanding the project, including vision, technology, economic model, and more.
  Link: https://meteorn-run-organization.gitbook.io/whitepaper-meteorn-run/
• Official Website: The project’s portal, usually containing the latest announcements and project overview.
  Link: https://meteornrun.io
• Block Explorer Contract Address (Polygon): You can view MTO token smart contract information and on-chain transaction records on PolygonScan.
  MTO contract address:
  0xc83c39B33331B23912fE7b3F17d8Ec970cFe868B
• Social Media Activity: Follow the project’s official social media channels to learn about community dynamics and the latest developments.
  • Twitter: https://twitter.com/meteorn_run
  • Discord: https://discord.gg/XAy6WvCb
  • Medium: https://meteornrun.medium.com
  • Telegram: https://t.me/meteornrunofficial
• GitHub Activity: No direct link to Meteorn Run’s GitHub repository was found in the search results; it is recommended to check the official website or whitepaper for further information to assess code development activity.

Project Summary

In summary, Meteor Coin (MTO) is the governance token of the “Play-to-Earn” game project Meteorn Run, running on the Polygon blockchain. Meteorn Run aims to let players truly own in-game digital assets and earn rewards through parkour gameplay and NFT assets. The project is founded by experienced blockchain gaming entrepreneur Yuki Omata and adopts a dual-token model (MTO and GMTO) to balance governance and in-game economy.

MTO gives holders the right to participate in project governance and can be staked to earn the in-game utility token GMTO, which is used for various in-game transactions and has a burn mechanism. However, the project is still in public beta, and the sustainability of its economic model, market volatility, and changes in the regulatory environment may pose risks.

For those interested in blockchain gaming and the “Play-to-Earn” model, Meteorn Run offers a noteworthy case. But always remember, the cryptocurrency market is full of uncertainty, and any investment should be based on your own thorough research and risk assessment. This article is for informational purposes only and does not constitute investment advice. For more details, please research the official materials yourself.