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AAX Crypto Exchange Lists Metasens’ Utility Token MSU

News
AAX Crypto Exchange Lists Metasens’ Utility Token MSU

Metasens, a metaverse project rolled out by Imperium Technology Group today announced that its native utility token MSU is set to be listed on AAX, a leading global crypto exchange.

AAX Crypto Exchange Lists Metasens’ Utility Token MSU - 1

MSU Token Listed on AAX Crypto Exchange

AAX, a leading global crypto exchange that aims to make digital assets accessible to everyone today announced its partnership with metaverse project Metasens.

Notably, Metasens’ native token MSU is now listed on the AAX crypto exchange. MSU’s listing on the institutional-grade exchange also marks its debut on a global exchange.

AAX users will now be able to trade MSU on the platform and benefit from limited-time offers, such as an APY as high as 20% on their MSU fixed savings.

MSU, the native token of the Metasens metaverse project has a maximum supply of 500,000,000 tokens. Once the limit is reached, no new MSU tokens will be issued. Notably, users can use and trade MSU in the Metasens metaverse as well as on blockchain games developed by Metasens.

Users can earn MSU tokens as rewards for active participation and engagement with the Metasens community. MSU also functions as the governance token for Metasens and, accordingly, its holders will get to play a significant role in charting the future of the platform.

Further, users can also obtain and use MSUs in Metasens’ first blockchain-powered game dubbed METASNAKE. For the uninitiated, METASNAKE recently successfully wrapped up its beta with more than 30,000 players joining from the world over.

In addition, the MSU token will also function as the currency for all future blockchain games developed by Metasens. Players will be able to claim a greater amount of MSU tokens the higher they rank in the games.

Notably, MSU is the 10th GameFi token listed on AAX as the exchange continues to explore the rapidly budding metaverse ecosystem. The exchange believes that GameFi acts as the perfect bridge to onboard new users to crypto.

AAX Establishing Itself in the GameFi Space

It should be recalled that towards the end of 2021, AAX listed several GameFi tokens from Animoca Brands. Now, by partnering with Metasens, AAX aims to further propel its strategic development in the blockchain gaming space.

Commenting on the development, Mr. Terry Yeung, Executive Director of Imperium Technology Group, said:

“It’s encouraging to witness the positive progress that Metasens has been making since its launch four months ago. We are thrilled to see that in addition to the successful launch of our first blockchain game METASNAKE, MSU token has achieved this milestone to be listed on the leading crypto exchange AAX, a critical move for the Metasens ecosystem to go global. The team now is also in discussion with a dozen of global crypto exchanges for the listing of MSU within this year, elevating the token’s liquidity and circulation.”

In 2022, Metasens is eyeing to scale its team size to more than 500. At present, the project boasts a global team located across different regions such as Southeast Asia, South America, Europe, and others.

Ben Caselin, Head of Research and Strategy at AAX, said:

“The rising popularity of metaverse applications is driven in part by innovation in the GameFi space. We see 2022 as the year of GameFi’s exponential growth. AAX hopes to act as a proactive participant and facilitator in this ecosystem by collaborating with quality projects such as Metasens. AAX will continue our efforts in exploring the GameFi ecosystem and discover more projects that carry great potential for us to partner with.”

As far as MSU’s tokenomics is concerned, it is allocated by this proportion: 25% for development fund, 22% game rewards, 14% for investors, 12% for developers, 7% for the community, 12% for private placement, 3% for public placement, and the remaining 5% will be allocated to Metasens’ advisors and co-workers.

Metasens has also airdropped 20,000 MSU and staked 20,000 USDT earlier. Notably, the staked value exceeded expectations by 46 percent.