GensoKishi Metaverse MV
About
What Is GensoKishi Metaverse (MV)?
GensoKishi Metaverse (MV), also known as “Genso,” is a web3 version of the 3D MMORPG game, “Elemental Knights'' — a game that won a gold medal at the Game Star Award of Taiwan 2012. The iconic game has a 14 year history and has accumulated a total of 8 million downloads worldwide. As claimed in the official whitepaper, Genso metaverse is a 'metaverse incarnation' of the Elemental Knights Online game that combines web3, RPG, and metaverse to create a great gaming experience in the virtual world.
Users have generated their own skins, characters, maps and weapons in the game for over 13 years. Now, in this GameFi version, all these items will be registered on the blockchain to be transferred, sold and bought as NFTs. The development will focus on transferring the existing MMORPG world onto the blockchain to form the basis of the in-game economy.
Who Are the Founders of GensoKishi Metaverse?
Maxi Kuan is the CEO of GensoKishi Metaverse and leads a team of 130+ engineers and designers. His previous experience includes running a blockchain-focused startup in Japan and working for the Chinese blockchain media company known as Blockcast.it.
The development team has developed online games and prominent MMORPG titles for 20+ years.
How Does GensoKishi Metaverse Work?
As laid out in its whitepaper, the Genso metaverse is a combination of the real world and RPG fantasy. It is a place where users can experience real estate, anime, arts, culture, entertainment, tech, e-commerce, and more in the real and virtual world.
LAND is the real estate within the Metaverse, which can be bought, sold, and given on a lease in the metaverse to other users. Through leveraging materials earned when playing GensoKishi Online, users will have access to creating NFTs. Users can display digital art NFTs on their own LAND and host private exhibitions.
With GENSO, users can purchase e-commerce goods and have them shipped anywhere in the world within the Metaverse. The Genso Metaverse also offers a unique opportunity to explore replicas of real-world cities and renowned attractions. Here, visitors can discover regional delicacies and exclusive NFTs only available in those specific locations.
What Makes GensoKishi Metaverse Unique?
The GensoKishi Metaverse is built on a unique ECO model which comprises three factors: economy, ecosystem and economical. Players can earn by selling, producing and distributing content, while also becoming a part of a larger ecosystem.
The Genso LAND & UGC & MALL is another unique feature of this metaverse. Here users can create and sell original skins and items, create their own maps, and invite their friends. The Genso Mall and Museum are where users can showcase their NFTs and sell them at their desired price.
The dual-token economy model is also an interesting feature of the Genso Metaverse. There are two tokens, namely MV and ROND. MV is the main token of the metaverse which can be staked, used to vote in the policies of the metaverse, and gain special rights to enter auctions, purchase special items, and gain access to other unique activities within the metaverse.
The ROND coin is the in-game currency of the Genso metaverse which can be used to purchase items from the virtual mall, and museum, upgrade base equipment and take part in in-game events and activities.
How Many GensoKishi Metaverse (MV) Coins Are There in Circulation?
MV token has a total supply of 2,000,000,000 which are allocated as follows: Metaverse Ecosystem Fund - 560,000,000; Marketing - 240,000,000; Liquidity & Exchange Listings - 540,000,000; Private Sale- 100,000,000; Development Team - 440,000,000; Advisors and Cooperators - 120,000,000.
At the time of writing, the circulating supply of MV is 95,883,191.04.
How Is the GensoKishi Metaverse Network Secured?
MV is an ERC-20 token issued on the Ethereum blockchain. The Ethereum network is secured through the Proof-of-Stake (PoS) consensus mechanism. This mechanism uses validators to process transactions, and validators stake 32 ETH to participate in consensus and validating transactions.
Where Can You Buy GensoKishi Metaverse (MV)?
MV can be purchased on various centralized exchanges such as Kucoin, Kraken, Bybit, Gate.io, and more.
Keep track of MV live prices in real-time with the CMC mobile app.
AI Analysis
What is the GensoKishi Metaverse (MV) cryptocurrency good for? What are its main use cases?
GensoKishi Metaverse (MV) is a project that combines elements of gaming, virtual reality, and blockchain technology, specifically focusing on creating a metaverse environment. The MV cryptocurrency serves various purposes within this ecosystem, and its main use cases typically include:
In-Game Transactions: MV can be used as the primary currency for transactions within the GensoKishi Metaverse, allowing players to purchase virtual goods, services, and assets like characters, items, and upgrades.
NFT Transactions: The GensoKishi Metaverse often incorporates non-fungible tokens (NFTs) for unique in-game items and collectibles. MV may be used to buy, sell, or trade these NFTs, providing users a way to own and manage digital assets.
Staking: Players or holders of MV may have opportunities to stake their tokens, allowing them to earn rewards over time. This can incentivize long-term holding and provide passive income for investors.
Governance: MV holders may have governance rights, allowing them to participate in decision-making processes regarding future development, game mechanics, events, and ecosystem changes within the metaverse.
Access to Exclusive Content: Holding MV tokens might grant players access to special events, limited-time items, or early access to new game features, enhancing the user experience and engagement within the metaverse.
Earning Potential: The MV token ecosystem may also provide avenues for users to earn rewards through gameplay, participation in events, or other activities within the metaverse, promoting active engagement.
Overall, the GensoKishi Metaverse aims to create a vibrant, interactive, and rewarding environment for players, leveraging the MV cryptocurrency to facilitate a variety of functions that enhance engagement and participation in the ecosystem.
What blockchain does GensoKishi Metaverse use? Is it its own blockchain or built on top of another?
GensoKishi Metaverse is built on the Ethereum blockchain. It utilizes the Ethereum network for its smart contracts and token functionalities, rather than operating on a separate, independent blockchain. This approach leverages the security and established infrastructure of Ethereum while allowing GensoKishi Metaverse to take advantage of the ecosystem already in place for decentralized applications and NFT platforms.
Is GensoKishi Metaverse programmable? Does it support smart contracts or decentralized applications?
GensoKishi Metaverse, also known as "MetaX," is a blockchain-based project that focuses on creating a metaverse environment for gaming and related experiences. As of my last knowledge update in October 2023, GensoKishi Metaverse utilizes blockchain technology, specifically on the Ethereum network, allowing for certain programmability and decentralized features.
While it primarily emphasizes the integration of gaming elements, the specifics of its support for smart contracts and decentralized applications (dApps) can vary. Typically, platforms within the metaverse that utilize blockchain technology offer some level of programmability, enabling users to create and interact with dApps, run smart contracts, and engage in decentralized finance (DeFi) elements.
For the most accurate and up-to-date information regarding GensoKishi Metaverse's features related to programmability, smart contracts, and dApp support, I would recommend checking their official website or recent announcements from the development team. Since blockchain projects evolve rapidly, there may have been new developments or features introduced after my last update.
How fast are GensoKishi Metaverse transactions? What is the typical confirmation time and throughput (transactions per second)?
GensoKishi Metaverse utilizes blockchain technology for its operations, and the specifics of transaction speed, confirmation time, and throughput can vary depending on the underlying blockchain infrastructure and network traffic conditions.
While exact current metrics may not be publicly available, generally speaking, blockchain-based applications can achieve varying throughput. Many platforms aim for transaction speeds on the order of seconds, with some high-performance blockchains capable of processing thousands of transactions per second (TPS).
For updated and precise statistics about GensoKishi Metaverse, including the latest on transaction speed, confirmation times, and TPS, it's best to refer directly to their official documentation or recent announcements from the GensoKishi Metaverse team.
How much data can I store on the GensoKishi Metaverse blockchain? Does it support on-chain data storage?
As of my last knowledge update in October 2023, the GensoKishi Metaverse blockchain features specific functionalities related to data storage. However, the exact amount of data you can store on it, as well as its support for on-chain data storage, can vary based on the blockchain's architecture and specifications.
Typically, many blockchains are not designed to store large amounts of data directly on-chain due to scalability and performance issues. Instead, they often utilize off-chain solutions or IPFS (InterPlanetary File System) for larger data while maintaining essential metadata or pointers on-chain.
For the GensoKishi Metaverse, it's important to consult their official documentation or community resources to get detailed and current information regarding data storage capabilities and whether they support on-chain data storage effectively. Additionally, you might want to engage with the community or developers for insights on best practices for data handling on their platform.
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