Music, art, and other forms of creative content are getting digitized into NFTs for online consumption making their demand skyrocket. BEAT token allows fans and users to purchase Community NFTs or participate in staking using "MINGLE" in the MetaBeat platform. They can popularize their favorite artists through "SHOUT OUT" and receive BEAT tokens for their contribution.
A Bit About MetaBeat
The BEAT token was primarily formed for Korea's booming pop culture and its massive fan base. It represents a Fan-to-Earn Music community and allows creators and users opportunities to digitize, market, and purchase different products on its host platform. $BEAT is however not limited to K-pop music, as it aims to acquire global fans, and global music IP and broaden its global footprint through partnerships with investors. $BEAT seeks to promote the online fan culture that is generating quite a buzz. By using BEAT tokens as a reward system, MetaBeat is linking fans to their favorite artists by allowing them ownership of digital assets linked to the creators. Users of $BEAT are offered unique and exciting experiences in content creation, linking with fellow fans, and direct involvement in their artists' development.
The platform that brings fans and artists closer using the power of NFTs!CryptoLists.com
$Beat is a utility and governance token on the MetaBeat platform. It facilitates the easy purchase of Intellectual properties (IP) owned by artists on the platform through Community NFTs. Fans and fandom communities get rewarded through BEAT tokens by linking and promoting their favorite NFTs to their social media accounts. It is earned through ratings and performance of music on charts, streaming sites, and live shows. Users can join fan communities generated by the platform in support of chosen artists, bands, albums, or tours. The "DROPS" service, facilitates NFTs transactions and collection on a peer-to-peer basis for tokens such as BEAT. Users are also able to mint their own NFTs. "MINGLE" allows users to stake BEAT in a single or several smart contracts. "Shout Out" is the interactive aspect of the platform where users' content is rewarded via the token based on view and like counts.
Utility of MetaBeat?
BEAT tokens can be acquired and used universally as the utility and governance token of the MetaBeat platform. They simplify the distribution of rewards and perks to stakeholders. Users get involved in creating and sustaining active fan communities. They also serve as ambassadors of creative ambitions. Most users of the BEAT token on the platform are artists and fans. Outside the platform, collaboration with various creators in different fields to expand on NFT project content.
Through BEAT tokens, users get to purchase Community NFTs on the platform's marketplace or through auctions. NFTs of favorite artists can also be purchased on the marketplace. Users cover costs linked with NFT minting and receiving rewards via the BEAT token. Users can stake their BEAT tokens under a MINGLE smart contract and are also permitted certain voting privileges on the MetaBeat Platform.
MetaBeat Price detailsMATIC Contract address: 0xb78cf9ac0f47f1d69cba861deda29814d285c834
›› Details & Tokenomics
Advantages of MetaBeat+ MetaBeat (BEAT) offers its users low transaction costs to encourage engagement.
+ It offers staking rewards on an open MINGLE to MINGLE's FANomance Index.
+ Facilitates cohesion and direct engagement between artists/creators and fans/users.
+ BEAT facilitates purchasing of community and creator/artists' NFTs.
+ Provides certain voting privileges related to community governance on-chain.
Disadvantages- BEAT does not grant voting rights on MetaBeat Management.
- It has a relatively low value to attract users.
- It is currently only listed on one large exchange.
- MetaBeat token is relatively new and susceptible to volatility.
- Token ownership does not guarantee ownership of the assets of MetaBeat.
Costs▪ Rated at 9.5/10
A minimal fee in form of $BEAT is charged when purchasing NFTs through the DROPS auction. NFT owners will be charged a reward settlement fee when receiving $BEAT rewards. There is also a reward and staking settlement fee for users participating in MINGLE. Users are allowed to participate in several MINGLES. When rewards are settled for each MINGLE, a portion goes to the platform and the rest to participants. Fees are also paid for transactions on the marketplace with rates differing according to transaction amounts.
Reputation and Buzz▪ Reputation rated at 8.5/10
▪ Buzz rated at 8.6/10
$BEAT is currently enjoying a steady online presence with the most traffic generated by K-pop fans. With the strategic acquisition of global partners in mainstream entertainment, its user reach is sure to expand. K-pop culture continues to flex its immense popularity globally, particularly in the Asian region and the huge fan base is a testimony to the success. $BEAT plans to include global music IPs in its library, a move aimed at increasing the value of the Token.
Users have identified the general performance of the BEAT token shows minimal fluctuation in its price range. It shows steady, fast-paced growth and gives similar tokens a competitive edge. With users enjoying exposure to their favorite artists' music IPs, and the $BEAT reward system, the future seems promising for the BEAT token.
Where can one purchase the BEAT token?
The token is currently available on one major exchange which you can find at the bottom of the page.
What is the maximum supply of the token?
The token's whitepaper indicates it has a total supply of 2,000,000,000 BEAT.
How does FANomance Index work?
The FANomance index is uniquely designed and customized by MetaBeat to represent its philosophy and determine the amount of $BEAT rewarded to users.
It operates on specific criteria, including:
1. Guarantee to Hold and Stake
2. Performance data on artists obtained from the social media buzz
3. Performance data obtained from ShoutOut Fandom buzz on the platform
History of MetaBeat
August 2022 – MetaBeat announces achievement of target in its strategic round of fundraising.
September 2022 – $BEAT token public sales on PolkaFoundry's Redd Kite and Cobak sold out with surprising demand.