MetaChess Ico Review: Metaverse Play-To -Earn NFT

About MetaChess Ico

MetaChess Ico is the first 3D multiplayer play-to-earn (P2E) and NFT metaverse chess game. The platform is in 2D and 3D. The 3D version will be divided into two. The first part is the regular chess game, with the traditional chess pieces in 3D. The second part is more animated and fancy. It consists of chess pieces in the form of humanoid characters.

You can own NFTs (unique chess pieces) which will be used in the game. The platform also has play-to-earn (P2E) models that makes it worth players’ time. The 2D version is currently playable. You can either play with AI or play with another user. This is a 3D multiplayer play-to-earn (P2E) and NFT metaverse chess game.

MetaChess team is creating the first blockchain-based chess game when users can monetize their gaming experience with PAWN – the main utility token of the platform.

MetaChess Ico Key Information

Ecosystem

Outside of the online platforms, they will be organizing chess/crypto events all around the world. This will serve as an avenue for community members to interact and also meet up with potential business partners. Those enrolling for the tournaments in our offline chess events would have to be holders of $SHAH in order to be allowed into the tournament.

PAWN Stakeholders

MetaChess Ico have developed a 2 Stakeholders approach to ensure that the success of accrues value towards the PAWN token. Therefore, we will set through smart contracts, that revenues generated through the will be distributed across 2 stakeholders to provide support to the ecosystems.

Staking Pool: Is designed to provide yield and value to token holders.

• Treasury: Is designed to ensure that revenue generated through the
  game accrues value to the token. PAWN players will get their PAWN
  rewards from the treasury.

PAWN Revenue Streams

MetaChess has 2 Revenue Streams where players will exchange PAWN tokens. Those PAWNtokens will be allocated as detailed below:

PAWN distribution fees: 10% of every earned PAWN via distribution goes back to Treasury.

• NFT’s sales: 50% of company NFT sales will be transferred to the Treasury, effectively increasing the value of PAWN.

Fair Play & Anti cheat detection

Cheating in chess is a serious issue. The issue is magnified online, where there is no arbiter to physically observe play. They aim to make as decentralized as possible, which means giving full control to the players, so implementing an anti-cheat system and keeping the game decentralized is a real challenge.

The MetaChess anti-cheat system is synchronized with chess engines like Stockfish and Houdini, and will flag suspicious players. The anti-cheat system is a statistical model that evaluates the probability of a human player matching an engine’s top choices, and surpassing the confirmed clean play of some of the greatest chess players in history. Because of decentralized manner, they can’t ban any player, but other players can!

Technology

Blockchain technology is used to record the ownership of tokens and allows owners to transfer, sell and use them without restriction. These different blockchain protocols will be integrated into the MetaChess Ico ecosystem.

• BEP-20 for PAWN
• BEP-721 for the NFTs

Wallets & Security

They minimize the security risk on backend by reducing the responsibility of hot wallets that are only used for referral and whitelisting. The other wallets are cold storage wallets that hold responsibility for updating the platform with new contracts and new parameters. These could later be part of a governance mechanism. In relation to the methods of payment, the user will be able to pay with BNB – will then be processed by a smart contract on-chain and the user shall receive the PAWN directly into his wallet.

MetaChess VR

Virtual Reality is one of the technologies with the highest projected potential for growth. After the base game is finished this year, in late 2023, they are switching our focus and they will start working on integrating 3D virtual reality into MetaChess.