While overall crypto markets consolidate, the Metahero gaming crypto coin, HERO, is cashing in doubles. The token is trading at $0.2272, a 10.65% increase within 24 hours at the time of writing. This is more than double the value the token was trading for last week.
About Metahero
Metahero is a 2021 blockchain-based game. The project combines non-fungible token (NFT) smart contracts with 3D scanning technology. The game, built on the Binance Smart Chain (BSC), implements NFT smart contracts as part of the game’s functionality and ecosystem.
By incorporating the 3D technology, the game creates hyper-realistic avatars of real humans. Game users can then upload these digital versions of themselves on the game. In short, Metahero is another crypto start-up focused on the metaverse.
The game renders HD renderings using a state-of-the-art scanning chamber that utilizes data collection sensors and numerous configuration options. To generate these high-quality renderings of people and objects, Metahero partnered with Wolf Studio.
To help build the game’s virtual world, the company will install scanning chambers in numerous locations across the globe. Metahero will choose locations based on being places where both gaming and technology are popular concepts. The cities to have these scanning chambers in the future are Berlin, New York, and Tokyo.
The company has already set up the first scanning chamber in Qatar. This chamber is currently open to the public. A scan is worth $200, payable through the HERO tokens.
The HERO Token
The HERO token is a utility token built on the Binance Smart Chain (BSC) with inclusivity and scalability in mind. To access the ecosystem, a user needs to purchase the HERO token. This utility token allows the holder to pay for royalties, fund scans independently, and transact on the Metahero NFT marketplace.
The token’s total supply is capped at 10 billion with locking mechanisms to discourage token dumping. Additionally, the token employs a deflationary model that decreases the token’s supply over time.
In June 2021, the HERO token had its first public sale on the Tenset Gems Platform. Afterwards, in July 2021, the token had an initial DEX offering (IDO) on Pancakeswap. IDO refers to a crypto coin’s launch on a decentralized exchange(DEX).
The coin is currently available for purchase on Pancakeswap, KuCoin, and Gate. It is important to note that you can’t purchase the token using the US dollar on all the mentioned platforms. However, buyers can use the Tether USDT stablecoin to make HERO token purchases.
Is HERO a Good Investment?
There has been an outburst of NFT and gaming crypto projects in the crypto market, and Metahero is another one on the list. Therefore, what makes it special enough for you to invest in the HERO token? Metahero is, in fact, one of the few NFT gaming projects that factor in 3D scanning.
Given the project experiences success, Metahero could be at the forefront of the early colonization of virtual worlds. Metahero will consequentially be an essential connection point between the physical and digital.
The Metahero business could potentially generate $150 million in annual revenue. Since the launch of the HERO token, it has had an average monthly increase of 600%. The token could hit $5 before 2030, given it gains 40% this month. Hence, this would result in the token hitting a market cap of $50 billion.