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08.11.22

MetaShares

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MetaShares

 

Every in-game corporation in Planet IX has its own governance token called MetaShares. Some MetaShares are already minted and on the market; the rest will be distributed through sales, airdrops, or in-game events. 

MetaShare owners can vote on any changes proposed to the structure of the corporation. Basically, it works just like any other form of corporate ownership. The more shares you have, the more power you hold over the corporation and its future.


MetaShare owners also decide how much of the corporation’s treasury they will be rewarded with. When players interact with an in-game corporation, for example by buying machinery and tech (Y_) or trading territories between players (NetEmpire), part of the transactions is distributed to the corporation's treasury. The treasury acts as a staking pool for MetaShares and the reward is $IXT.


The amount distributed to the Treasury depends on the corporation, transaction, and MetaShare owners. MetaShare owners will be continuously rewarded with IX Tokens when staking their MetaShares. The amount distributed to MetaShares owners is also determined by the number of MetaShares in the corporation. 

The amount of MetaShares in each in-game corporation differs accordingly:
 


 

MetaShares have a value as an NFT that can be traded and sold. But also as an asset that will generate IX Tokens for the holder. In the future, led by the Planet IX DAO, a vast number of sub-DAOs will form alliances and strategies to push game development even further.