MoonTimer’s first prize pot worth $16492 $BUSD was distributed to over 100 winners and the person in first place got $4947. MoonTimer experienced a dual platform launch on GameZilla and KCLPAD with a 19K market cap. As a Play to Earn gaming and farming platform, MoonTimer Game helps users win rewards in BUSD. Users can stake, farm, and compound the $MTG tokens while utilizing them for playing the MoonTimer Game. The players who engage with the game can also buy gold, silver, and tickets for participating in prize pots. All the rewards earned by players are sent and collected in the user’s wallet.
Understanding the MoonTimer Game
The MoonTimer game started exactly one hour after the token was launched. The players needed BUSD to buy Gold tickets and $MTG for buying silver tickets. Every ticket the player owned extended the timer by 30 seconds. One gold ticket meant the users minted 100,000 MTG. The last 100 players still in the game split the prize pot rewards.
In the MoonTimer Game, users hold the tokens in their wallets, sell them, or stake them for better rewards. If the game runs to its full duration, the prize pot payout can reach up to 4 million BUSD. In addition to this, the starting prize pot any player can win starts at 10K BUSD, and has the potential to grow upto 1 million.
The winnings are divided between the first 100 winners, where the player in the first place gets 30% of the pot prize. Players getting 2nd place to 100th place will get 70% of the pot prize. Similarly, the Golden pot rewards every 5th purchase, which paid out over $25K BUSD in rewards during the 1st MoonTimer game.
There is an entry fee to play the game to be paid by the players, but the same fee is used to buy back the $MTG token. This is done to ensure an increase in the total prize pot and increase the $MTG token price.
$MTG Token and its Utility
MTG is a deflationary token, its price increases while improving the total supply reduces. The users have to pay a 2% fee on all the buy, sell, and transfer transactions. Out of the 2%, 12.5% tokens are burned, 12.5% is sent to the treasury, 25% is sent to the prize pool, and 50% is sent to the farming pool.
As the tokens are distributed, it ultimately benefits the users. It increases the token price via buybacks and increases the prize pot. The tokens sent to the farming pool help increase the APY%, which improves the final reward for the MoonTimer Game players.
Staking on MoonTimer Game will go live in the coming weeks. The users can easily stake their tokens to earn better and higher rewards in the future.
MoonTimer is a flexible and open platform working on the principles of a deflationary and autonomous system aimed at improving the Defi potential and outcome. It runs in the form of a game whereby the users earn rewards and prizes with a sustainable yield on their capital. Working on the lines of Play to Earn, the $MTG token fuels the entire platform, where the player can also earn rewards in the form of BUSD.
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