Meme Moguls (MGLS) is an upcoming platform that will introduce Play-to-Earn (P2E) elements. Its goal is to teach players how to build wealth, and it will introduce an entire ecosystem fueled by the MGLS token.
Meme Moguls (MGLS) Launches With Unique P2E Meme Trading Game
Meme Moguls (MGLS) will feature a game that will help users learn how to invest and build wealth.
The main feature behind the platform is simulated investing. Through this approach, players can compete with friends in simulated trading and learn investing strategies. By doing so, they can learn new investment methods and earn cash prizes alongside meme rewards.
Each player begins with $100,000 in virtual cash (play money). They can use it to create a portfolio and can then complete challenges to turn their simulated profits into cashable returns. To better simulate real-world investing, they will be limited to using 20% of the portfolio on a single investment.
Each player can also increase their in-play ranking and reach Moguls status. They can then monetize their trading expertise and earn passive income.
The ecosystem will also comprise Moguls World. This is a dedicated virtual world, a Metaverse, where users will be able to connect, mine tokens, join liquidity pools, and stake their tokens.
What Else is Available at Meme Moguls
Users can complete missions and challenges to get access to valuable meme assets and rewards. There is an in-game Marketplace where they can buy, sell, and swap game items. There is also a Wealth Leaderboard. Here, the top 20 Moguls will share a cash prize pool, which is derived from a percentage of the daily revenues from the project.
Players can also buy and sell rare NFT characters. These can however, enhance trading capabilities and improve trading conditions. The rarer an NFT is, the better conditions a player has, such as leverage and spreads.
To get more of the MGLS token, players can contribute their existing tokens to the Meme Moguls staking pool. Through doing this, they become eligible for rewards based on their share of the pool and annual returns percentage. The more tokens a player stakes, the higher the potential earnings they can get.
Future of Meme Moguls
Unlike most other projects, the MGLS crypto aims to deliver massive utility. It acts as an in-game currency, and as the governance token inside of the Meme Moguls ecosystem. The project is in its blockchain ICO period. It has reached Stage 4, where MGLS trades at $0.0027.
Learn more about the $MGLS here:
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