Paradox Metaverse

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Paradox Metaverse
Website
https://paradoxmeta.io

Paradox Metaverse is a Play to Earn (P2E) game with a free roam metaverse, where users can socialise in-game while earning $PARA Coins when completing missions and in-game milestones. 

History

Paradox Metaverse was founded by Amio Talio, an aspiring crypto entrepreneur and influencer, in February 2020. He is best known for his dominance in crypto trading, investing in Bitcoin since 2012 and making many 7 figure profit trades.[1]


The Paradox Metaverse began with the development of the metaverse environment built in Unreal Engine 5.

Over the years the full ecosystem was built out, now it consists of a metaverse, Triple AAA play and earn game, DAO, cryptocurrency, NFT collection, launchpad, and other ambitious ventures to be added. [2] [3]


The Metaverse

The Paradox Metaverse is a Triple AAA play and earn game built using unreal engine. The gamestyle is a battle royale that bears many similarities to popular Triple AAA titles such as GTA V and Fortnite. Players can use the Paradox NFT characters in the game and earn the Paradox native cryptocurrency $PARA when challenges are completed. 


Players will also be able to attend live events held by the Paradox team, within the metaverse. These events range from concerts to celebrity boxing matches, and will be exclusive to players of the metaverse only. Well known UK and Dubai influencers like Salt Papi, Mo Vlogs, Money Kicks, DMO Deejay, and Yiannimize will be invited to the events.  [4]


Cryptocurrency

$PARA is the native token for the Paradox Ecosystem, it went live for public presale on November 14th, 2022.

Users can use the $PARA token to purchase in-game features, earn rewards, and trade with other cryptocurrencies through the Paradox partnership with major exchange platforms. Paradox has partnered up with exchange platforms Huobi, ByBit, and BitMart. [5]


DAO

Paradox developed its decentralized autonomous organization which will allow participants of the metaverse to decide the limits of the metaverse. This feature was as a way to make the metaverse game superior to traditional games that are historically slow to implement changes based on feedback from player base. [6]

Holders of the $Pdao token are able to stake the token for rewards of up to 20% annually, alongside participate in making the metaverse a better gaming experience in real time.[7]


Launchpad

Paradox Metaverse also developed their own launchpad which they launched $PARA coin alongside other Tier 1 launchpads such as Poolz, Blokpad, and Enjinstarter. This launchpad is only accessible to users of the Paradox Metaverse, and will be a place for new crypto projects to get exposure and find investors. [8]

Paradox is different to most launchpads due to the vetting process they have for crypto projects that launch on their platform, only allowing coins that will be listed on centralized exchanges.


Future Ventures

The Paradox team have plans to build things far past just the metaverse. In 2022 they announced their own venture capital firm “Paradox Ventures” which would invest in startup companies in the crypto space. Profits from this will be dispersed out to those who stake their native coins.[9]


The team also announced the upcoming launch of their decentralized exchange “ParaSwap” which will allow coin holders to trade their cryptos for only 0.2% transfer fees which will be deposited into staking pools.


References

  1. "beyondgames". 2022-11-14. https://www.beyondgames.biz/21813/paradox-launches-new-play-to-earn-metaverse-game/. 
  2. "Metadigest". 2022-11-14. https://metadigest.io/public-presale-of-the-paradox-coin-para-to-happen-on-the-enjinstarter-ecosystem-on-november-13/. 
  3. "NYWire". 2022-11-14. https://nywire.com/paradox-events-poised-to-add-tremendous-utility-to-paradox-coin-para/. 
  4. "USInsider". 2022-11-14. https://usinsider.com/paradox-metaverse-ecosystem-to-implement-staking-of-para-coin/. 
  5. "USBusinessnews". 2022-11-14. https://usbusinessnews.com/paradox-metaverse-set-to-become-one-of-the-most-ambitious-play-and-earn-crypto-games-in-recent-history/. 
  6. "famoustimes". 2022-11-14. https://famoustimes.com/the-next-big-thing-in-web3-introducing-the-paradox-ecosystem/. 
  7. "economicinsider". 2022-11-14. https://economicinsider.com/introducing-the-paradao-the-paradox-ecosystems-decentralised-autonomous-organization. 
  8. "CoinWeek". 2022-11-14. https://coinweek.io/paradox-metaverses-paradox-coin-public-presale-to-be-held-on-multiple-tier-1-launchpads-including-their-own/. 
  9. "entrepreneurbreaks". 2022-11-14. https://entrepreneursbreak.com/influencer-amiotalio-gives-back-to-fans-and-followers-with-his-online-university.html.