Meta Figures Club
White Paper
Why Meta?
Decentralized business and leisure is the worlds future and is rapidly approaching the present. All technology improves, so does fairness and equity. In the Metaverse there will be no limitations. We look to take advantage of the transition from traditional practices to those taking place in a land far beyond our wildest dreams. Leisure, business, commerce and even gambling will surely populate this new land.
Additional to vast applications far into the future, owning NFTs can give you significant real life utility. Joining a community of likeminded and ambitious individuals has great value in itself. Furthermore, NFT owners can be entitled to holder exclusive events, resources and merchandise.
Why MetaFigures?
We are in the middle of a gambling boom and see no better time than now to launch the Meta Figures sportsbook.
Owning a Meta Figure grants you profits, a piece of 70% of the profits of all of our sportsbooks and betting platforms. Profits will be evenly distributed to each NFT to ensure fairness and guaranteed payouts for everyone. An owner can hold many tokens and thus can multiply their monthly payouts.
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70% appears high, but for some not high enough. The rest of the money is vital to the protection, growth and expansion of our project. We need to spend on large payouts, growing the community fund, hedging high exposure bets, advertising and employee compensation.
Community Roles
Our holders are everything to us. As owners, when you speak, we will listen. A vibrant and committed community is essential in the success of our project. To ensure community members are heard, we will set up community wide councils and frequent voting forums. Furthermore, members of the community, elected by their peers, will take leadership roles, making decisions with the founders. We currently are organizing councils to determine featured events on our books, organization of payouts and voicing major community concerns. Holders of multiple NFTs will hold multiple votes to reflect their valued commitment to the project.
Freedom and Ownership Benifits
Community members have no pressure to gamble but will be given benefits on our sportsbook. We will have a community wide rake back % and hold frequent owner exclusive competitions. Furthermore, certain attributes on tokens will yield higher payouts on certain bets to reward owners further for their commitment to our project. More on this will come in the rarity section of this page. Owners will also be able to stake their tokens to earn casino tokens. Staking will yield extra rewards and additional revenue. Owners will also be able to access our gaming advising services without cost.
Partnerships
We are partnering with other NFT projects. We are looking for projects that are similar to ours, with strong communities and utility. We know partnerships are mutually beneficial and have adopted them as a main focus. We are only entertaining projects that plan to commit their project's NFTs to our community fund, own our NFTs and hold events in our name.
We also are partnering with other active gaming and betting affiliated projects/companies. These partnerships legitimize our platforms commitment to fairness and equity. We will partner with both NFT gaming projects and real
Other IRL Utility
Meta Figures holders will maintain all merchandising rights and be able to transact any naming rights, imaging rights and likeness of their characters. We know Meta Figures will become a worldwide brand with exclusive holder merchandise drops and massive public appeal.
Additionally, Meta Figures will have community exclusive events and also have the ability to stake NFTs for casino tokens. We value gamblers and want to further reward our holders who want to bet in a safe and fair environment.
Rarity
Meta Figure tokens will come in different forms, with different outfits and attributes. We have a professional designer working on their development and will offer previews before mint! There will be hundreds of different traits and these traits will be randomly assigned through code to determine rarity.
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Holders will receive the token in a box after the mint until reveal. We anticipate holders to trade Meta Figures based on rarity despite rarer tokens not earning more of the profit share. We will have token exclusive competitions to incentivize ownership of rarer tokens, with higher expected value because of less competition entries. We intend to reward traders who have interest in buying into Meta Figures regardless of the reason they are here and will work to provide maximum utility for all of our collectors, investors and both!
Tournaments
Additional to all of the holder benefits we have mentioned, Meta Figures will hold monthly sponsored tournaments. Initially, the tournaments will be prediction based sporting events. Owners will have the chance to make selections and we will see who is the best degenerate out of us all. As we develop the brand, we will partner with sponsors and gift holders NFTs from these groups additional to cash prizes.
The initial tournaments will offer both cash and NFT prizes and will be a way to give back to our community. Meta Figures holders will have exclusive access to these tournaments and one token will yield one entry. Some tournaments will be open to the public but these will not include the same prizes/monthly timeline. These tournaments will be used to grow interest in the project from non-holders.
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Advertising
We intend to commit significant capital of our own to fund initial advertising and use a portion of the money the community receives from minting to continue funding advertising. We believe the nature of the NFT market and the loyalty of the NFT community provides a unique group of people who will bet on our platforms. We intend to reward community members who refer people to our platforms and believe that we will have significant capital and experience to effectively advertise.
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Furthermore, we understand that initially our sportsbook will be small scale. Typically, sports betting platforms make around 5% of total money bet. With such a small mint price, in order to return users initial investments we do not need to have billions of dollars flowing through our platforms. We believe in longterm growth and are committed to Meta Figures far into the future.
Community Fund
We intend to take a portion of the money we receive from the mint and buy other NFTs. We will determine these purchases solely from you! Holders will vote on their favorite projects and we will also seek partnerships with other projects. We feel a community fund is important and will help build notoriety for our project.
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We want to focus on NFT projects with real life utility similar to our project. We additionally will seek other projects that will simultaneously commit money to Meta Figures NFTs. We also will reserve a small portion of money to buy into Meta Figures holders projects. We believe we are a family at Meta Figures and want to see not only the success of our project but of those of our community members. With a strong community fund, MetaFigures will have something to fall back on. Holders will own the same % of the community fund as they receive in annual profits.
Legal
Meta Figures is all about gambling. We will only allow operation of our books in places where it is legal. We intend to make Meta Figures a global sportsbook and will make sure that no laws are broken. We have in house attorneys advising us on both the legality of owning and operating a book. These attorneys are fully prepared to meet any legal hurdles the Meta Figures community faces.
Large Payout Fund
Every book needs an answer when high rollers come to town. We are no different. We intend to take a portion of the money we receive from mint and commit it to a rainy day fund. We are all about paying gamblers out and want to make sure we do not run into hiccups doing so. To limit large payouts we will explore hedging software. More on this will come in the future as we explore the ins and outs of our sportsbook.