How to Buy Land in MetaCity
What is MetaCity?
MetaCity is a blockchain technology-based metaverse project by TOKAU. Land, as the most important digital asset, is the main carrier of content and social value. There are two ways to buy MetaCity’s Land.
How to buy Land in MetaCity?
Method 1:Use ORE to buy Land (ORE is the earnings obtained by staking tokens)
1. Steps:
① Create a digital wallet account (e.g. MetaMask, Trust).
② Click here for purchasing $TOKAU tokens. https://app.tokau.io/#/buyTokau
③ Open Dapp to connect to your digital wallet.
④ Open the Staking Page and enter the number of $TOKAU tokens to be staked. Click Staking to get the corresponding number of ORE immediately.
Suppose the price of Land is 100 ORE (1 Ore: 5 USDT). Based on an annualized rate of 20%, the user would need to stake $TOKAU tokens worth 2500 USD to receive 100 ORE.
⑤ Use the ORE obtained by staking $TOKAU tokens to buy the Land.
By getting 100 ORE, you will get the Land immediately.
2. Timeline of Getting back the staked $TOKAU tokens
Staked $TOKAU tokens will be allocated to the user by 12 times in a linear way.
From the 31st day of staking $TOKAU tokens, the user will start to get back the staked $TOKAU tokens for the first time.
For example, one user stakes $TOKAU tokens on January 25. On February 26th, the staked tokens will be allocated to the user for the first time. All the staked $TOKAU tokens will be allocated to the user in 12 times in total.
3. Burning Incentive Mechanism
TOKAU will burn $TOKAU tokens from its own stock. The burnt $TOKAU tokens equals 20% of all the staken $TOKAU tokens.
For example, if one user stakes $100 USD $TOKAU tokens, the TOKAU project will burn its own $TOKAU tokens, which are worth 20% of the total staked $TOKAU tokens, i.e. $20 USD worth TOKAU tokens.
Method 2: Use USDT to buy Land directly (Land price depends)
1. Steps
① Create a digital wallet account (e.g., MetaMask, Trust).
② Open app.tokau.io to connect your wallet and make sure you have enough USDT in your digital wallet to buy Land.
③ On the Land purchase page, select Use USDT to purchase Land.
2. Burning Incentive Mechanism.
TOKAU will use 20% of the USDT sale proceeds to buy $TOKAU tokens from market and burn them immediately.
*Note
1. BNB is required as a processing fee (Gas Fee) when the transaction occurs.
2. The purchased Land will be stored in TOKAU Dapp.
