MetaGameHub DAOMGH
$0.190
Market/Exchange
MGH Price Prediction and Price Movement
MGH is up 272.93 percent over the last three months, while its market capitalization is still considered relatively small, which implies that the price of MGH can be very volatile comparing to those with larger market cap during big market moves. However, with a stead growth over the past three months, MGH has the potential to grow further and may yield some very decent gains. Again traders should remain cautious at all time.
Please note that this analysis is purely base on MGH's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
MetaGameHub DAO Price Chart
About MetaGameHub DAO
What Is MetaGameHub DAO (MGH DAO)?
MetaGameHub is a community governed project (DAO) with the vision to make NFTs, especially Metaverse related NFTs, more accessible to anyone having access to a blockchain network.
MGH is the native utility token that is used for:
- Collateral for NFT staking.
- Getting access to NFT valuation datasets on the Ocean Marketplace by bridging $MGH to $mMGH and swapping it for the MGH data token.
- Participating in the governance of the MGH DAO.
MGH solves multiple problems the NFT space currently faces:
- Illiquidity, since NFTs cannot be traded as easily as regular ERC-20 tokens
- Price intransparency, resulting from a lack of valuation models
- The lack of NFT fractionalization methods, together with high asset prices and gas fees make diversification hard, as well as inefficient.
- Lack of utilization, since once an NFT is bought, it mostly stays idle until it gets sold again.
MGH solves these problems by providing NFT Pools (consisting initially of metaverse lands) to give users the possibility to participate in the broad Metaverse NFT space with a single transaction. NFT holders can also benefit from the NFT pools since they can stake their assets to passively earn network rewards without losing ownership over the NFT. To determine the estimated fair value of the NFT, MGH developed an AI pricing algorithm and oracle which brings transparent pricing to the NFT space.
How Many MGH Tokens Are There in Circulation?
MGH started the public membership event on October 14, 2021 with a hard cap of 10,000,000 MGH for $0.1 per token. One billion MGH tokens were created at genesis. On the day of writing (14.11.21), the total supply of MGH tokens is 946,513,541. 20% of the supply is allocated to the MGH DAO’s treasury, a total of 44% to network rewards, 12% for the initiators, core-team members and contributors. 24% are allocated for the membership events, liquidity on DEXes and CEXes, as well as for token burnings.
Who Are the Initiators of MGH DAO?
MetaGameHub was initiated by Nicolas Weber, Camilo Echeverri, Lukas Philipp and Jeanine Feierfeil.
The founding team came together at the beginning of the year looking for solutions to the NFT market inefficiencies. The initial idea of MGH was to collaboratively govern NFTs, but the core concept quickly evolved to a holistic ecosystem of on-chain NFT valuations, analytics and governance. The MGH DAO has over 15+ active contributors, over 10 advisors bringing their expertise ranging from finance to the art world, working in 3 different continents with an international community
Where Can I Buy MGH?
Currently, MGH is available for trading on Uniswap. The trading pair is ETH/MGH with more pairs and exchanges, as well as centralized exchanges, following in the future.
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