METAZ was launched in April 2023 with the Staking Protocol on CoinEx Smart Chain (CSC). MTZ was then traded on Oneswap on May 1, 2023. METAZ has recently launched MetaCat Wallet (Telegram Mini Apps). This is also the First Telegram Mini Apps on CSC.
Overview
METAZ is a general-purpose platform running on CSC. It will include the liquidity staking protocol on CSC and the MetaCat Wallet on Telegram.
METAZ is a node staking mining pool on CSC (CoinEx Smart Chain). Staking will be rewarded with MTZ tokens. After that, METAZ will further develop the Defi and Telegram bot.
CSC Node Staking
CoinEx Smart Chain is a public chain that uses the POS consensus mechanism. METAZ has developed the function of staking CET tokens to get back MTZ tokens.
Staking rewards account for 30% of the total MTZ supply.
There are 2 forms of Staking on METAZ
1. Staking CET
Every day, 100 MTZ tokens will be distributed to CET staking members on Validator. Rewards will be updated 1 time at 00:00 UTC every day.
Currently METAZ is the top 6 validator on CSC with nearly 1.2 million CET staking
When unstaking CET, you need to wait 72 hours to withdraw CET to your wallet. During this time you also do not receive any bonus MTZ tokens.
2. Staking MTZ
There are many options for time to choose when Staking MTZ:
- Staking lock MTZ tokens 1 year and receive APY 50%. Limited to only 800,000 MTZ tokens.
- Staking lock MTZ tokens 3 years and receive 100% APY. Limited to only 100,000 MTZ tokens.
- Staking lock MTZ tokens 5 years and receive APY 300%. Limited to only 20,000 MTZ tokens.
When you stacking MTZ tokens within the specified time. You cannot withdraw the principal but must wait for the specified time to expire.
METAZ Launchpad
METAZ Launchpad was successfully sold 177720 MTZ for 355440 CET (Current value about $40K).
After finishing the METAZ launchpad, there was a problem when Launchpad sale proceeds have been stuck on smart contract and cannot be recovered. However, those who purchase Launchpad will not be affected and will be able to unlock MTZ on schedule.
MTZ Token key Metrics
- Contract Token: 0x978C25c94Ea2cF39729BeE21D041b23f69e972Ac
- Owner Wallet: 0xb96FCaa2f46ef5745f80Da8B5DA13CbEd1661c22
- Contract Token Lock: 0xe02345e0886657878Adf6327Ea374d930B6f0e04
- Stake & Farm Wallet: 0x6f3A85FdF04c1079AB4a4Ece98e603e5879db210
- Team Wallet: 0x0A95E4de3F3bA3c897796FB590BF44eF88ADf789
- Tax Wallet: 0x24a27645DC4449131685FbdAC635ebf39B7C76F2
- Fund Wallet: 0x08F78F8064F7e5708F42713cb3fa2447c54fDd1E
- Airdrop & Marketing Wallet: 0x7ebB687950B1e114Ae9A6C6c7Ac3Bf2308Ba3fc9
- Super Lottery Wallet: 0x3619c9F44B93Da416dEcc53fe23345a2BcC761D9
- Telegram Bot Wallet: 0xD1D63EF35beCFB328E9a2Db2a32926fe4BDC394C
- Listing CEX Wallet: 0xfF7A06DF3211988abed5626c4e1899E73d39E324
Total circulating supply: 867720 MTZ
Total burned: 553696 MTZ
Total circulating supply includes Fund wallet + Staking rewards issued. Total burned includes monthly burned money + Money stuck in Launchpad smart contract (The money stuck in smart contract is considered burned because it can no longer be bought and sold)
Currently Market Cap is about $300K in which liquidity is over $70K
Tokenomics
Tax
Each MTZ transaction is subject to a 3% tax rate. This tax to maintain the system operation and burn increases the value of MTZ in the future.
The allocation of MTZ in the Tax wallet is as follows:
- 50% will be burned on the 1st of every month.
- 30% used to maintain system operation.
- 20% is used to reward holders over 50,000 MTZ excluding team wallets. Snapshot at 00:00 on the 1st of every month UTC.
MetaCat Wallet (First Telegram Mini Apps on CoinEx Smart Chain)
MetaCat bot is the first project on CoinEx Smart Chain and has liquidity available for everyone to sell immediately.
The project operates entirely on the blockchain so every transaction, claim or everything else can be found on the blockchain.
The project is limited to the first 1000 users who upgrade to lv6 will earn CET directly for life.
The project has a halving mechanism to reduce the reward by half to avoid inflation, so those who participate early will benefit more.
The ranking is paid monthly in USDT (5000 USDT divided each month) – Ranking is based on the number of refs and the number of MTZ ref users invited to upgrade.
Link to join MetaCat Wallet: https://t.me/MTZCat_bot/start?startapp
All about MetaCat Wallet: https://docs.metaz.finance/telegram-bot
Conclusion
METAZ is a very potential project when developing Staking and the first project about Telegram Mini Apps on CSC. The market capitalization is quite small and especially everything is transparent on the blockchain.
Follow the project’s social media channels to update more new information:
Telegram channel: https://t.me/metaz_community
Telegram Group Chat: https://t.me/metaz_csc
X (Twitter): METAZ (@metaz_csc) / X
Website: METAZ
