What is Metaverse Land?
Metaverse Land is the virtual land in the Metaverse blockchain. It can be used for various purposes, such as asset registration, digital identity authentication, and DApp development. In order to own Metaverse Land, you need to purchase ERC20 tokens called “MVP.”
Metaverse is an open-source public blockchain that provides digital assets and digital identities. Users can easily create, experience, and monetize contents and applications based on digital assets.
Where metaverse land can be used?
Metaverse Land can be used in many places, including the following:
-Asset registration:
Metaverse Land can be used to register assets on the blockchain. This is a secure and permanent way to record ownership of assets.
-Digital identity authentication:
Metaverse Land can be used to authenticate digital identities. This allows you to securely prove your identity online without divulging your personal information.
-DApp development:
Metaverse Land can be used as a development environment for DApps. This allows you to create and test DApps quickly and easily.
How to purchase Metaverse Land?
Metaverse Land is purchased and sold via the Metaverse’s internal token: MVP. Here is a step by step guide on how you can purchase some Land
-Buy MVP:
First, you need to get some MVP. You can do this by mining or purchasing them on an exchange. Note: the price of MVP is not fixed, but varies according to the market.
MVP is the internal token of Metaverse and is used to purchase Metaverse Land. It can be mined or purchased on an exchange.
-Get MVS wallet:
You need a digital wallet to store your MVS. You can use MVS web wallet or mobile wallet to store your MVS.
MVS is the official token of Metaverse and is used as a security token for the entire ecosystem. All other digital assets and transactions on Metaverse are denominated in MVS, which gives MVS an essential role in the blockchain.
-Send MVP to the Metaverse Land smart contract:
After getting your MVS wallet, send enough MVP to the Metaverse Land smart contract address so you can purchase one piece of Land. The MVP will then be transferred from your wallet to the Land contract.
Note: The price of one piece of Metaverse Land is 100 MVS, and the minimum transfer amount is 1 MVP.
-Get a piece of Land from the contract:
Once you have sent enough MVP to the Land contract, you can use the function “getAddress()” to find your Land contract address. Then, type “queryRecord()” into the console and you will get a land ownership record. Congratulations, you now own one piece of Metaverse Land!
1. Send MVP to the Metaverse Land smart contract
2. Get a piece of Land from the contract
-Sell or transfer your Land:
Once you have purchased a piece of Land, you can use the “transfer()” function to sell or transfer your land.
Note: The “transfer()” function can only be used once.
To buy, sell or transfer your land, you need to send the appropriate amount of MVP to the Metaverse Land smart contract. The “transfer()” function can only be used once, so make sure you are absolutely sure before using it.
That’s all there is to it!
Now that you have the basics down, you’re ready to get your hands on some MVP and buy yourself a piece of Land!
How to buy MVP?
Before buying Metaverse Land, you need to get some MVP. Here are some ways you can get your hands on some MVP:
-Purchase via an exchange:
You can buy some MVP on exchanges that support the MVP/ETH trading pair, such as Yobit, BCEX or Allcoin.
-Airdrop:
Metaverse regularly holds airdrops via the Metaverse Foundation’s official Twitter account. Airdrops are a quick and easy way to get some MVP without paying any money.
-Mining:
Mining is another way to get some MVP. You can use your computer’s CPU/GPU power to mine in the Metaverse network. The mining process is very useful for a blockchain network, as it validates transactions and secures the system.
-MVS online shop:
You can also use MVP to purchase snacks, mugs, T-shirts and other items on the MVS online shop. The online shop is currently only available in Chinese, but an English version will be released soon!
Where to buy MVP?
Currently, Metaverse Land can be purchased through either the OTC market or exchanges. In addition, the OTC market provides a more convenient method of buying MVP, compared to the exchanges.
OTC Market (Recommended)
There are two main methods of purchasing Land in OTC market:
-Direct payment to the seller
The direct payment method is recommended, as it provides a more convenient and secure way of purchasing Land. You can directly contact the seller to get the price, negotiate and complete the transaction.
-Participate in an MVP trading session
The second method is to participate in a trading session. These sessions are held between Land owners and prospective buyers, usually via QQ or WeChat groups. A trading session is basically a place for prospective buyers to show their “intent” to buy, and for Landowners to set the price, then complete the transaction. In addition, trading sessions are usually more active during the weekend.
In addition, you can buy MVP through the OTC market. Here are some guidelines for purchasing MVP through the OTC market:
– Make sure to use the same wallet address as the one you use to transfer ETH. If you don’t, your Land ownership will be invalid and your MVP will be lost!
– It’s recommended to set up 2FA (two-factor authentication) for better security
– You should only deal with reputable sellers. Most sellers on the OTC market have “gold star” or “permanent” icons next to their username. These sellers have been verified by Metaverse, and their accounts cannot be terminated without consent by the Metaverse Foundation.
– You can refer to Metaverse’s official Weibo account or Telegram channel to obtain OTC trading contacts.
– Be sure to check the estimated transaction fees before making a purchase. Generally, these fees are around 0.2%.
Exchanges (Not Recommended)
There are three exchanges you can purchase MVP from: PreAngel, Gate.io , and Allcoin .
-Gate.io
The MVP/BTC pair is available on Gate.io. You can buy MVP by depositing BTC to Gate.io and then purchasing the MVS token. After your payment is confirmed, you can login to Gate.io and click on “MVS” to make the transaction.
-PreAngel
The MVP/ETH pair is available on PreAngel. The process of purchasing MVP through PreAngel is very similar to that of Gate.io: Deposit ETH, then purchase the MVS token . After your payment is confirmed, you can login to PreAngel and click on “MVP” to make the transaction.
-Allcoin
The MVP/BTC pair is available on Allcoin. You can buy MVP by depositing BTC to Allcoin and then purchasing the MVS token. After your payment is confirmed, you can login to Allcoin and click on “MVS” to make the transaction.
In addition, here are some guidelines for purchasing MVP through the Exchanges:
– The MVP/BTC pair is available on Gate.io and Allcoin . You can buy MVP by depositing BTC to either of these two exchanges and then purchasing the MVS token. You can then withdraw MVP from your exchange account into your Metaverse wallet after your payment is confirmed.
– The MVP/ETH pair is available on PreAngel . You can buy MVP by depositing ETH to PreAngel and then purchasing the MVS token. After your payment is confirmed, you can login to PreAngel and click on “MVP” to make the transaction.
– The MVP/BTC pair is available on Gate.io and Allcoin . You can buy MVP by depositing BTC to either of these two exchanges and then purchasing the MVS token. You can then withdraw MVP from your exchange account into your Metaverse wallet after your payment is confirmed.
– You can also purchase MVP through an OTC market or on exchanges. However, purchasing via these methods requires more steps to complete the transaction and is not recommended. After purchasing MVP, you can click on “MVP” in your wallet to see your MVS tokens.
What can be done on the metaverse land?
There are many things that can be done on the Metaverse Land. Landowners can create buildings, landscapes, or even entire cities on their land.
In addition, they can rent out their land to other users for a variety of purposes, such as businesses, housing, or even storage. Additionally, landowners can set up various rules and regulations for their land, such as prohibiting certain activities or setting a minimum rental period.
How can I rent my land to other users?
Currently, there are three ways to rent out your Metaverse Land.
– Renting out Land to Users
You can set the price in “ETP” when renting your land. To do this, you must first click on “Settings” in the upper right-hand corner of your Metaverse Wallet. Then, you must input the total amount of ETP you would like to charge the renter every month and click “Set Rent.”
Finally, you must input a phrase that will be included with all transactions on your land in order to prevent double rent. This phrase must be between 1 and 20 characters in length. Level 10 Metaverse Wallet users will only need 1 ETP to rent their land, while Landowners must pay 2 ETP annually.
– Renting out Land for Businesses
Businesses can rent out the land they own to other users for business purposes. After purchasing an area of land, “SET UP A BUSINESS” will be displayed under “Options.” Then, you can select the type of business and the rental price. Landowners can also set a minimum rental period.
– Renting out Land for Housing
Housing can be rented out to users. When you click on “Options,” then click on “Renting Land for Users,” you can rent out your land to other users. The rental price is set in ETP, and the time limit (in hours) is also set.
– Renting out Land for Personal Use
You can set the price in “ETP” when renting your land to other users. To do this, you must first click on “Settings” in the upper right-hand corner of your Metaverse Wallet. Then, you must input the total amount of ETP you would like to charge the renter every month and click “Set Rent.”
Finally, you must input a phrase that will be included with all transactions on your land in order to prevent double rent. This phrase must be between 1 and 20 characters in length. Level 10 Metaverse Wallet users will only need 1 ETP to rent their land, while Landowners must pay 2 ETP annually.
Can I set a minimum rental period?
Currently, the system only allows Landowners to set a minimum rental period for their land. This means that Landowners can set a minimum rental period of 1, 3, 6, or 12 months.
You can choose to rent your land for longer periods by selecting the “Custom” option and then inputting the rental period. The minimum rental period for custom periods is 3 months and the system cannot be set to a lower value than this.
Landowners cannot set a minimum rental period when renting out their land for businesses.
Can Landowners obtain income from renting?
Landowners can obtain income from renting out their land to other users in two ways:
1. The “Income Mode” feature allows users to obtain income through the app. For example, if you own land in “Metaverse City,” you can obtain ETP from the “Income Mode.” In this mode, ETP can be obtained daily.
2. If you set up a business on your land, you can obtain ETP from transactions on your business. For example, if a third-party company rents out their land to users for storage purposes, the company can collect a rental fee from users who go to their warehouse to use or purchase storage.
How is Metaverse Land different from Bitcoin City?
The Bitcoin City will be an area of land within the Metaverse world with its own unique economic system. A virtual token known as “NBTC” will be used to facilitate transactions on the Bitcoin City.
Since NBTC is pegged with USD, users will not have to deal with the inconvenience of trading in cryptocurrencies.
What is NBTC?
The virtual token known as “NBTC” has a 1:1 exchange ratio with USD and can be used as both a tool for electronic cash settlement and as an area of land within the Metaverse world. NBTC is a limited-supply token, and the total amount in circulation will always correspond to the number of bitcoins in existence. NBTC can be obtained through exchanging crypto coins for NBTC.
Where can I obtain NBTC?
Users can obtain NBTC through the Metaverse wallet when they register as a citizen of the Metaverse world. The NBTC can be obtained from an exchange rate if you have bitcoins or through our bounty program.
How can I become a citizen of the Metaverse world?
You must purchase at least 1 area of land and register as a citizen to obtain NBTC. You can register as a citizen from the “Income Mode” page, which allows you to obtain NBTC daily.
The first 100,000 citizens will be rewarded with an extra 1 NBTC daily.
If you own land in either the Metaverse City or the Bitcoin City, you will be able to obtain NBTC through the “Income Mode.”
How large is an area of land?
Currently, each area of land is 100 square meters. A maximum of 999 areas of land can be owned by each user.
Where will Metaverse be in the future?
Currently, Metaverse is a young project that is still in development. By 2020, we aim to have improved our technology and achieved a market value of 100 billion RMB. We are working hard to lay the foundation for this project and create an open, accessible, and reliable blockchain network that can be used by anyone.
Conclusion:
I conclude that Metaverse Foundation is taking steps to prevent its platform from being misused by criminals and terrorists. In order to further safeguard the interests of all stakeholders, Metaverse has implemented a feature called “Smart Scans”. By using machine learning and artificial intelligence technology, “Smart Scans” can detect suspicious transactions in real-time.
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