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EarthMeta is a crypto project that claims to be the “ultimate AI X Metaverse token.” In its official platform whitepaper, EarthMeta has been described as the “perfect digital duplicate of the earth,” said to be divided along the exact boundaries, streets, monuments, and famous landmarks of this planet.
Aiming to change the digital real estate investment paradigm, the project is developing a dedicated system that allows virtual real estate to be traded as NFTs.
Powered by its native token, EMT, the project’s concept is not particularly novel. However, there are some notable attributes that have allowed this project to raise upwards of $480k to date.
This article will explore the unique aspects of this project and see if it has any suitable alternatives.
What is EMT?
According to the whitepaper, the EarthMeta token ($EMT) is the backbone of EarthMeta’s economy.
It facilitates transactions within the ecosystem, provides liquidity, and enables governance within EarthMeta.
Like similar large-scale projects, it also features a decentralized autonomous organization, which allows community members—stakers—to participate in the decision-making process of this ecosystem.
Developed on Polygon, the EMT token is described as a transparent asset with the advantage of being more secure than its peers.
Other use cases highlighted by the official whitepaper include incentivizing participation through rewards.
However, these are limited to holding the tokens in a digital wallet or staking them within the Metaverse.
It seems that the token’s value as an asset that enables users to become governors in the EarthMeta ecosystem is one of its biggest USPs.
EarthMeta’s Governance System
EarthMeta’s platform primarily delivers a way for people to buy a city within its digital realm. As investors become city holders, they become in charge of the assets circulating within that city.
There are several tiers of cities, and the platform claims that investors are rulers of these cities after they own them.
Per the whitepaper, these governors will not have duties but rights and will earn rewards for each asset they hold.
These rewards will include gaining a 1% governor tax on any transaction within the said city, an increase in the value of assets with time, and benefits from advanced marketing.
If investors buy cities worth more than those bought by their peers within the same country, they will become the president.
Becoming president will reportedly have its own benefits, including an additional 0.5% tax on transactions in other cities within the same country and more control over the different aspects of the cities themselves.
A Look At EarthMeta’s Tokenomics
EarthMeta’s tokenomics is somewhat centralized.
There are 2.1 billion EMT tokens in total, out of which only 10% are allocated to the presale. 12% is allocated to the liquidity pool and reserved for future exchange listings, 13% for staking pools, 14% for marketing, treasury, and ecosystem, 16% for innovation and code development, 18% for the founding team, 4% for P2E and airdrops, and the remaining 8% for business development.
The presale has nine stages, each with its own bonus. Investing in the first stage gives players a 30% bonus, and as the stage progresses, the bonuses decrease, ending in zero for the last-stage investors.
Is EarthMeta a Good Investment?
EarthMeta’s underlying theme of creating a digital replica of the entire planet and crafting an ecosystem where virtual real estate can be bought and sold is appealing. Furthermore, Statista reports that the metaverse market is projected to reach $74.4 billion this year. These factors do give EarthMeta some potential.
Furthermore, the platform’s social media channels show that the devs actively engage with the community.
For instance, EarthMeta recently announced an AMA with the project’s newly hired advisor on Telegram on X (formerly Twitter).
However, some aspects of this project aren’t fully clear yet. Although the project’s website makes an effort to be more transparent by showing two different whitepapers – one for the token and the other for the platform – it is still too soon to comment on this project’s long-term potential.
It is still in its very early days, and the community has yet to see any tangible development in terms of a prototype or a P2E game. Therefore, investors considering EarthMeta should also consider diversifying their portfolios with other assets.
One alternative to EarthMeta is a project called eTukTuk. A green project with sustainable goals and a fun P2E game, it is also available as a presale and has raised more than $3.5 million.
Why is eTukTuk a Better Alternative to EarthMeta?
With a name like “EarthMeta,” investors would expect some eco-friendly themes to accompany the metaverse. But that is not present, which is a missed opportunity for this project.
eTukTuk, on the other hand, has some subtle themes about the environment. It is a P2E game set in the streets of virtual Sri Lanka and features other sustainable fundamentals that elevate it from being a standard metaverse token.
The project delivers an exciting P2E ecosystem where players are put in the driver’s seat of a mobile game named TukTuk Crazy Taxi.
The game’s core mechanic is to collect passengers and take them to their destination before the batteries run out. It offers fast-paced action with upgradable TukTuks, unique power-ups, and other P2E opportunities.
Through this game, the project aims to inspire people to be more eco-friendly in their commutes. The game is enjoyable, as its Web2 version is already available on the Google Play and App Store.
So, in terms of development and potential, eTukTuk is a bit ahead of EarthMeta. Its underlying message of protecting the environment can attract eco-conscious investors, making TUK a better investment than EMT.
Furthermore, major crypto YouTubers, like Jacob Crypto Bury, have discussed how this green AI crypto has 10x potential.
Currently available at a discount price of $0.0345, eTukTuk is closing in on the current presale stage. Therefore, those interested should act quickly and visit etuktuk.io.
*Cryptonomist did not write the article or test the platform.