Stake TRC

1. What is MetaTrace?

The MetaTrace application is a game incorporating a variety of game mechanics aimed at combining geolocation, blockchain environments, and classic game strategies. It is based on augmented reality technology, which offers users a unique gaming experience and an easy immersion into the world of Web3 technologies. Project's team is diligently working on creating a platform that will allow each player to realize their ideas and become the creator of their own adventures. The application is developed by professionals with experience working in top gaming studios: Niantic (Pokemon Go), Wargaming (World of Tanks), Kama Games, Game Insight, and others.

2. What is mission of MetaTrace?

MetaTrace's primary mission is to inspire and motivate millions of people to have more contact with the real world and engage in physical activity every day. Project team believes that they can introduce players to the world around them in a new way, help them broaden their horizons, meet people, and explore new locations. Collect digital artifacts within your city and interact with other players, forge friendships, and exchange resources in MetaTrace.

3. What are main principles of MetaTrace?

- Engaging and understandable gameplay is the primary focus of the project team. - Qualitative Free-to-play, freedom for players to choose their own game format, and the possibility to use NFTs for advanced users. - The stability of the game economy always takes precedence over scaling and profitability. - Transparency and attention to communication with players. It is important for MetaTrace to be open with project community and improve the product based on user feedback. All information about the project, as well as the team, is publicly available. - Forming prize pools for players through a clear business model. - Simplicity and accessibility of Web3 solutions in the game, convenience for beginners. - The security of each user's personal data. - Active blocking of farming and combat against it in the game.

4. What are main advantages of MetaTrace?

- Decentralization MetaTrace offers you a complete control over your gaming assets. Thanks to NFT technology, every item, character, or artifact you own in MetaTrace becomes unique and irreplaceable. You can be confident that no one can counterfeit, alter, or steal your assets. This gives you complete freedom to own, trade, and collect NFTs. - Communication A unique experience of interacting with other players. You will be able to communicate, unite, compete, and collaborate with players from all over the world. MetaTrace platform provides safe and transparent transactions, allowing you to confidently interact with other players and trust them. You can create teams, exchange assets, and jointly explore the virtual world. - Rewards You can earn cryptocurrency for gaming achievements. Your talent, skill, luck, experience, and game knowledge become the foundation for receiving rewards. You can sell your unique gaming assets or offer services to other players. MetaTrace stimulates and encourages the community's contribution to creating a stable economic system. - Stability MetaTrace is building a truly stable and fundamental economic system that has incorporated the most successful ways of monetization, reward distribution, onboarding, and other aspects. As you dive into the project and develop your profile, you can be confident in the project's longevity and robustness. - Technology scalability Explore the real world at the intersection of technologies. Today, you use MetaTrace map, a copy of the world, for orientation in the game, "tomorrow" it could be augmented reality glasses. Become the most experienced among the players and you will be amazed by the opportunities that will open up for you in the future. MetaTrace platform is constantly updated and evolves, offering the latest technological developments and content consumption during gaming adventures.

5. What is Blockchain?

Blockchain is a decentralized and distributed ledger technology that securely records transactions across multiple computers in a verifiable and permanent way. It forms the underlying technology for cryptocurrencies like Bitcoin and enables transparency, security, and immutability.

6. What is Cryptocurrency?

Cryptocurrency is a digital or virtual form of currency that uses cryptography for security. It operates on decentralized networks, typically based on blockchain technology, and facilitates secure and transparent peer-to-peer transactions.

7. What is Bitcoin?

Bitcoin is the first and most well-known cryptocurrency, created in 2009 by an anonymous person or group known as Satoshi Nakamoto. It operates on a decentralized peer-to-peer network and is used for secure, transparent, and censorship-resistant transactions.

8. What is the difference between Bitcoin and Altcoins?

Bitcoin is the original and most widely recognized cryptocurrency, while altcoins refer to any other cryptocurrencies besides Bitcoin. Examples of altcoins include Ethereum, Ripple (XRP), Litecoin (LTC), and many others.

9. What is Staking?

Staking involves participants locking up a certain amount of cryptocurrency in a wallet to support the operations of a blockchain network. It is commonly associated with proof-of-stake (PoS) and delegated proof-of-stake (DPoS) consensus mechanisms, where participants receive rewards for helping secure the network.

10. How Can I Stake Cryptocurrency?

To stake cryptocurrency, you typically need to choose a platform or network that supports staking. Transfer your tokens to a compatible wallet, follow the staking instructions provided by the platform, and lock up the desired amount of cryptocurrency. Once staked, you may start earning rewards.

11. What Are Staking Rewards and How Are They Calculated?

Staking rewards are incentives provided to participants who lock up their cryptocurrency to support the network. The amount of rewards varies and is influenced by factors such as the network's inflation rate, the total amount staked, and the specific rules of the staking protocol.

12. Can I Unstake My Cryptocurrency at Any Time?

The ability to unstake and withdraw your cryptocurrency depends on the specific staking protocol and network. Some platforms may have lock-up periods or unbonding periods during which your staked tokens are inaccessible. Always check the terms and conditions of the staking service.

13. What are the Risks of Staking?

Staking comes with risks, including the potential loss of staked funds if a participant behaves maliciously or fails to fulfill their responsibilities. Market volatility can also impact the value of staked tokens. It's crucial to thoroughly research the staking protocol and understand the associated risks.

14. Can I Lose Money by Staking?

While staking is designed to be a rewarding activity, there is a risk of losing money, especially if the value of the staked cryptocurrency decreases or if the staking protocol encounters security issues. It's important to consider both the potential rewards and risks before participating in staking.