Metropolis World Announces Upcoming IDO on Magic Square

Metropolis World Announces Upcoming IDO on Magic Square

By Jakub Lazurek

24 Jan 2025 (20 days ago)

2 min read

Share:

Metropolis World prepares for its IDO on Magic Square, offering CLAY tokens at $0.045 with plans for TGE and linear vesting to ensure stability.

Metropolis World, a rising player in the social blockchain ecosystem, is preparing for an upcoming Initial DEX Offering (IDO) on the Magic Square platform. Scheduled to run from January 27 to January 29, 2025, this IDO marks a key step in the project’s development, providing participants with an opportunity to invest in the native token, CLAY.

The IDO on Magic Square will offer CLAY tokens at a price of $0.045 per token, with a goal of raising $50,000. A total of 1.11 million tokens, representing 0.11% of the total supply, will be available for this round. The platform’s valuation has been set at $45 million. The distribution structure for this IDO allocates 15% of the tokens at the Token Generation Event (TGE), with the remaining 85% distributed over nine months through linear vesting. This gradual release of tokens is designed to provide stability and align with long-term project goals.

Following the IDO, the Token Generation Event is scheduled for February 6, 2025. This event will signify the official launch of the CLAY token, marking another milestone in the project’s roadmap. The token’s release and subsequent market availability will be key factors in determining its initial performance and adoption within the blockchain space.

Metropolis World has already completed a successful funding round, securing $1.2 million in February 2024. This earlier achievement highlights the project’s ability to attract investor interest and lay a solid foundation for future growth. The team aims to use these funds to support development and expand its ecosystem, which integrates social interaction with blockchain technology.

Magic Square, the platform hosting the IDO, has been recognized for its comprehensive approach to token launches, providing participants with detailed information and transparency throughout the process. This collaboration is expected to enhance investor confidence and participation in the event.

Metropolis World’s tokenomics and roadmap have been carefully structured to balance long-term growth with short-term milestones. By combining innovative features with robust financial planning, the project aims to position itself as a leader in the blockchain-based social networking sector. The upcoming IDO and subsequent TGE represent significant steps forward in achieving this vision.

As the blockchain ecosystem continues to evolve, Metropolis World’s approach to integrating social elements with decentralized technology sets it apart in a competitive market. The upcoming IDO on Magic Square will be a crucial opportunity for the project to solidify its position and attract a broader audience. Investors and participants are encouraged to review the details and timelines carefully to make informed decisions regarding their involvement.

Share:
Go back to All News
Previous article

Goat Index Airdrop Rewards Solana ...

Goat Index Airdrop Rewards Solana Community Engagement
Next article

MNT Surges as Demand Grows ...

MNT Surges as Demand Grows and Investor Confidence Rises