luckyth1rt3en.eth retweetledi
Important Announcement 📣
Last Thursday we launched the MetaWin token presale and you showed up fast!
Around $300,000 came in almost immediately, including a $50,000 buy from the MGMT to get things moving.
From there, we invested roughly $150,000 into promotional activity to build awareness and momentum.
However, It hasn’t continued to develop into something we’re comfortable taking live. We expected much more traction.
The buy-side demand simply isn’t there to support a healthy market. We’ve effectively spent as much on marketing as we’ve brought in through additional buying, and the broader casino related token market is showing very little real volume right now.
When we step back and look at this, pushing ahead would not be the right outcome for the community. We have around 10,000 people waiting on an airdrop to realize and roughly 1,000 presale buyers. That creates immediate sell pressure from day one.
The result is obvious, either we artificially support the price ourselves post launch, or the token underperforms straight out of the gate.
We’re not going to do that, So here’s what happens next.
Every presale buyer will receive a full refund PLUS a 30% premium. 🙌
For example: If you put in $100, you’ll receive $130 back to the same wallet you used. Refunds begin tomorrow and will be completed no later than Thursday.
Additionally, we’re giving 10 times our net presale raise directly to the community in USDT as the Airdrop. (Airdrop1)
That’s $3 MILLION USDT! 🔥
$1 million on April 1
$1 million on May 1
$1 million on June 1
Dropped over 60 days. Directly to your MetaWin account.
The April and May distributions will be based on METAWIN points, with additional weighting for PnL and NFT holdings. Full details will follow shortly.
The June distribution will also factor in wagering activity of the opted-in airdroppers across April and May, so staying active on MetaWin will increase your share in the June 1st distribution.
METAWIN points will end here and will be replaced by MetaPoints (MP) going forward, which will be used to reward active players in future fair, stable coin airdrops.
The easiest thing for us to do would have been to launch a token anyway and let the market digest it but we’re smart enough to see it’s not a good launch situation and there’s going to be some unhappy people.
We’d rather return everyone’s money with 30% upside and give a real $3 Million of our own money to the community than force through something that doesn’t work.
MetaWin has built a solid business and an amazing community and that matters more than forcing a token into the market at a time with weak demand.
We’ve got a lot coming... Hit is launching, and C1, our own blockchain, is in testing.
If we choose to bring a token to market in future, we feel it will be from a position of strength and built to work across our full ecosystem which should change the demand profile considerably - especially where there’s a new chain involved.
Until then, we’ll focus on real value, not speculation and make you all a super nice USDT airdrop to say Thank you for being with us on this journey. ♥️
English
