Meta Figures Club
Frequently Asked Questions
Why be apart of the MFC?
Buying into Meta Figures Club gives you a piece of a multi-billion dollar pie. Online gambling is growing rapidly. We are going to be the first to offer lines on NFT competition along with real life sporting. We are optimizing our knowledge of NFT event based projects and are providing a platform to gamble on such events. Minting a Meta Figure is not only a commitment to the growth of online gambling but also the growth of the NFT space.
What can you bet on?
Right now, Meta Figures will function as a regular book, but we plan on being the first to expand into betting on NFT Sports Leagues. With the growth of these projects, the need for a place to bet will be fulfilled by Meta Figures. We also will have competitions focused on specific projects/ global events and look forward to sourcing betting ideas from our community. We will have monthly community wide votes on featured events and include these in holder only giveaway style competitions.
What differentiates Meta Figures from other sportsbooks?
Meta Figures intends to partner with other sports NFT, Battle Royale and gaming projects to become the dominating betting platform of the Metaverse. We are confident in our plan and platform and believe we can outcompete anyone. We also will develop a real metaverse sportsbook where our members can hang out and wager.
Do we need a license?
We are fully aware that we need a license and that the license must support cryptocurrency transactions. We intend to obtain the Curaçao which is used by most crypto casinos and sportsbooks. We will not open our doors to bettors until everything is sorted out. We will be able to source clients from all over the world with the Curaçao license and we will be able ensure the safety of your currencies in your wallet. Furthermore, we will obtain the Malta or Panama City license. These licenses are more expensive but we are willing obtain these licenses to ensure legality of betting in the United States, United Kingdom, and other areas. Most crypto casinos take shortcuts around licensing, illegal shortcuts, and that is a risk we are not willing to take.
How much money am I going to make?
Say a retail bettor gambles 500 dollars a week on sports. That is roughly 26,000 dollars a year. Sportsbooks look to make 5% of total money bet so they would expect to rake in 1300 of just that one bettor.
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Meta Figures aims to sell 5000 NFTs. Say there are 7000 people gambling on all of our sportsbooks in the first year, on average of just 50 dollars a week. We anticipate higher weekly betting totals from more bettors but will sell ourselves short and exceed expectations later. We would have exactly 18.2 million dollars of total money bet in that year. We would expect to make over 910,000 dollars from this 18.2 million dollars. Of that 910,000 dollars, 637,000 dollars would go to holders. Annual payout would be 127.40 dollars a year. We intend to mint for .12 eth or around 400 dollars. This would be a dividend asset that pays 32% annual return on that initial investment and would only grow. Keep in mind these numbers are a conservative estimate and we see only a 127 dollar return as a worst case scenario.