The MEDA Token: A Transformative Upgrade for Cryptomeda

Cryptomeda is going through an exciting transition from the TECH token to the new MEDA token, marking a pivotal enhancement in our platform’s capabilities and community engagement. This article will detail why this transition is happening, what benefits it brings, and the significant advantages awaiting our community through the MEDA airdrops.

Why Transition to MEDA Token?

The introduction of the MEDA token is designed to address the evolving needs of the Cryptomeda ecosystem. By transitioning from TECH to MEDA, we aim to enhance tokenomics, introduce multi chain capabilities, improve liquidity, and provide a substantial boost to both development and marketing efforts. This strategic update ensures that our platform remains at the centre of blockchain gaming innovation, providing maximum benefits to our community members who have supported us throughout our journey.

Enhanced Benefits for NFT Holders

Post-launch, MEDA token will usher in a new era of rewards for NFT holders within Cryptomeda. A dedicated 10% of treasury inflows will be allocated weekly to NFT holders, rewarding those who invest in our digital assets. Particularly, holders of rare NFTs like Revolution and Collectible heroes will receive higher airdrops due to their limited nature and higher attributes. This structure is set to extend to Tier4 weapons and NFT lands as they become utilized, further rewarding our community for their loyalty and support.

MEDA Token Airdrop for TECH Holders

In appreciation of our community’s commitment, 15% of the MEDA token supply will be airdropped to TECH holders. This airdrop is exclusive to community members, as all TECH tokens held for internal purposes (founders, development, team) will be burned, ensuring that the true beneficiaries are our players and supporters. TECH holders will receive 20% of their MEDA tokens on the Token Generation Event (TGE), followed by monthly airdrops over the next five months, ensuring a steady integration into the new token system. This solution will decrese the selling pressure after the launch and still benefit the community. Stakers and farmers do not need to unstake their holdings to participate.

Upcoming Snapshot and MEDA Token Launch

The transition to MEDA is scheduled for Q3 2024, with the snapshot taking place just days before the token sale on launchpads. Details regarding the exact dates will be announced alongside the launchpad details, ensuring all community members are well-informed and prepared.

New MEDA Tokenomics

Our new tokenomics are designed with sustainability at the core, having 1Bil Meda tokens capped supply:

• 25% Community and Marketing: To expand our reach and enhance user engagement.
• 20% Ecosystem and Development: For continuous improvement of our platform.
• 15% Founders and Team: To reward the minds behind Cryptomeda.
• 15% Community Airdrop: Direct benefits for our loyal community.
• 15% Token Sale: To facilitate the transition and provide liquidity.
• 10% Liquidity: To ensure smooth trading of MEDA tokens post-launch.

Unsold tokens from the sale will be burned, emphasizing our commitment to value preservation.

Token Sale Details

After a snapshot of TECH token holders, we will launch a public token sale on the Cryptomeda website at a price of $0.018 per MEDA token. This round will offer 20% of the tokens unlocked on TGE and the remainder vesting over the following three months. This sale will conclude before we commence fundraising on launchpads at a price of $0.02, followed by our official token launch at $0.022.
After the snapshot we expect to the circulating supply to be around 60% including staking and farming tokens. Given the current TECH token and an expected TECH to MEDA transition ratio of 4:1, this token sale represents a significant potential increase in value for TECH holders, reaffirming our commitment to rewarding those who have invested in Cryptomeda’s journey.

The Future with MEDA

With the MEDA token, we are not just upgrading our economic model; we are setting the stage for a major leap forward in blockchain gaming. This includes the launch of new games like Soulooter, a redesigned website, enhanced wallet features, and robust marketing campaigns to elevate Cryptomeda’s profile globally.

We are committed to making Cryptomeda a leading name in Web3 gaming. With your continued support, we can turn this vision into reality. Thank you for your trust and commitment as we step into this new and exciting chapter together.

About Cryptomeda

Cryptomeda is a revolutionary Web3 gaming platform where gaming meets innovation. Every action enhances value, allowing players to benefit from the success of our blockchain-driven community. Join us in the next evolution of gaming, where your skills lead to rewards. Welcome to Cryptomeda — where every play contributes to shared success.