Community Token (COMT)

The crypto-verse is undoubtedly full of vibrant projects and tokens to choose from. However, a majority of these projects are driven by developers, mostly run by a pseudo community. To address this issue, Community Metaverse has come forward to provide a genuinely transparent and community-driven ecosystem. The project is backed by a fully doxed and devoted crew. Its native token, Community Token (COMT), was released a little over a week ago and has already garnered broad interest, with a robust community of over 6,500 holders. The asset is also verified by CoinMarketCap and CoinGecko, two of the largest crypto aggregator platforms.

What is the Community Metaverse/token?

According to their white paper, Community Metaverse is an ecosystem based on the precept of a completely community-driven project. Its model is straightforward and offers its holders complete authority to make decisions (via its Voting System) on which course to take, and which merchandise to create. Every time its network makes a decision to put in force a certain feature, a complete rationalization will be provided on Community Metaverse’s official website, inclusive of the technical aspects. The project is here to construct a sincere and brilliant network-led metaverse.

Community Token, which was launched on January 6, 2022, has already verified its listing on four major exchanges, including LBank Exchange, drawing high trading activity and over 6,500 holders in its first week. Many social media influencers have taken notice of this massive group. All of this demonstrates the potential that this new initiative possesses, giving it a strong start.

A CVP (Community Vote Power) coin is also part of the ecosystem. This token symbolizes the holders’ voting power in the system. It can be compared to voting power in a corporation. People who purchase Community Vote Power (CVP) may vote in polls and influence the growth of the ecosystem. This might be something as basic as picking which product to develop and distribute next, which exchange to list on, or which marketing plan to use. Holders log in with their wallets, and the ecosystem provides them with a variety of engagement possibilities, such as the metaverse’s DEX, Metaverse Launchpad, or an NFT marketplace.

The team at Community Metaverse has been thoroughly doxed and is ready to work with the global community to realize its mission. They have around 20,000 telegram members, and they hold weekly video AMA’s.

Tokenomics

Community Token has a total supply of one quadrillion tokens (1,000,000,000,000,000). 25% of the initial supply is added to PancakeSwap as an initial liquidity pool and is locked for two years. Another 25% is added to PancakeSwap as an initial liquidity pool for CVP/COMT, which is also locked for two years. The remaining 50% is locked for 12 months and then added, if needed, to the liquidity pool, which will be used for different project needs, or burned if unused. These decisions will be voted on by the community, and never be sold to the market.

COMT collects a total of 4% tax on each transaction. 1% goes to the Development/Marketing Wallet, 1% is used as dividends for CVP holders through staking, (which will be sent to staking contracts and distributed among all CVP holders who stake CVP) and the remaining 2% is redistributed among holders.

For the CVP token, 5% (50,000) will be available for pre-sale (at a starting price of $1 per CVP). The ICO will get 15% (150,000) of all CVP tokens (starting price 1 CVP = 0.0025 BNB). 15% (150,000) will be allocated to the Team Holdings Wallet. 64.5% (645,000) will be allocated to the initial PancakeSwap liquidity pool for the trading pair CVP/COMT. And lastly, 0.5% (5,000) will be allocated to the initial PancakeSwap liquidity pool for the trading pair CVP/BNB.

Conclusion

The Community Token and its ecosystem do seem to be a fully community-based initiative. Although many of its goals are still underway, the idea to give full deciding powers to the holders is a bold move and is always welcome in the crypto-verse. The future road map, as highlighted on its website, seems fruitful and deliverable. The team’s major goal is to create a system that allows the holders to control it and become the ecosystem’s engine. COMT definitely does have all the tick points for a truly decentralized environment.

In the world of crypto-currency, there are an abundance of projects and

tokens. And the idea of creating an ecosystem that is driven by the

community is not new. But the main problem in all these projects is that

they are driven by developers. They are pseudo-community-driven. Now,

Community Metaverse is here to solve this problem and present a truly

transparent and fully community-driven ecosystem!Our model is very

simple. It gives our holders full authority to make decisions (through our

Voting System) on:which direction to take, and which products to create.