MetaQuantum Rebranding & Smart Contract Migration
MetaQuantum is entering a new stage with important updates to our branding and technology. Top-to-bottom brand refresh. Smart Contract migration is reshaping security, scalability & user experience of our Web3 products.
In the past couple of months one of our main objectives was to redefine our company branding to bring it in line with market and industry trends. Rebranding benefits the project and the community as it makes the project more attractive to the public and investors, as well as transforming the interaction with our website and platforms to make it more pleasant than it ever was so far.
However, the rebranding process is not just a question of image, but also a question of functionality and ease-of-use. The logo, color scheme and design that we’ve chosen for our website will be propagated across all our platforms, thus unifying our brand identity under the MetaQuantum umbrella, while also standardizing our UI/UX.
Our tokenomics has also been aligned to new industry standards that create a safer environment for our contributors, while improving predictability for investors.
Furthermore, we’re also preparing for a migration of our Smart Contract, with significant upgrades to our protocol technology focusing on scalability and security, which you can read about further in the article.
Rebranding
Logo. A little more than a month ago we announced our partnership with design company Roobinium.io. They’ve taken the mission to perform the rebranding of our logo and color schemes, which you can admire on our new website presented below. We’ve a chosen a logo design that solidifies our brand identity, using modern design techniques that better appeal to the Metaverse sector in general, and which also better displays our brand kit.
Website. The new website takes a whole new shape and form. The look and feel are up to date with the latest trends. The sleek, futuristic design and dark tinted color schemes improve legibility and creates a unique experience thanks to clever placed animations and the intelligent use of font styles and sizes. New website: www.metaquantum.io
Products. Besides the website, the rebranding process will have this design propagated across all our platforms, including Launchpad and Marketplaces, further unifying our brand identity and user experience.
Project presentation (Pitch Deck. Whitepaper. 2023 Roadmap)
Pitch Deck. Thanks to the work done by our incubation partners from Gotbit.io in collaboration with our design team, the Pitch Deck and Whitepaper are also going through significant updates. Besides the PDF version, investors can now enjoy reading the Pitch Deck directly on our website.
The new Pitch Deck includes revamped product descriptions and copywriting, animations showcasing the level of completion for each micro-service, detailed business and revenue models and much more info that waits you to explore!
Whitepaper. Similar updates are being carried out for the new version of our Whitepaper, which will be soon displayed on our website. Our community will be announced when it’s ready, so keep an eye on our Telegram channel and socials for updates.
2023 Roadmap. A roadmap is an expression of balance between multiple important factors such as investor expectations, product roll-out, marketing and tokenomics. We believe in the purpose of the roadmap as a clear path to follow, and not just as a promise to deliver.
Therefore we’ve taken important steps to develop a roadmap that guides us through a systematic approach for the completion of our goals, with organic marketing strategies aimed at growing our user base with each product launch. For improved transparency our roadmap also shows the degree of completion at which we are sitting for each individual quarter.
Tokenomics
Building and launching products in the Web3 sphere involves a lot of research in terms of economics. The success of the product relies not only on the product itself, but it is also heavily reliant on the ecosystem’s economy.
It is therefore very important to get this ‘recipe’ right since the beginning, so we’ve adjusted our token economy in order to better align it to fluctuating market conditions and shifting investor sentiment.
In order to support the token economy in the best possible way right from the start, we’ve made the following changes to the supply in token sale allocations:
Angel Investors & KOLs: 2.5%
Seed Sale: 7%
Private Sale: 12.5%
Public Sale: 1%
The cumulative vesting diagram has also been adjusted to better reflect the token emissions and the deflationary mechanisms that are put in place.
Smart Contract Update & Migration
We’ve saved for last probably the most important update that we’ve made so far concerning our Smart Contract.
It is with great satisfaction that we announce the migration from the old QuantumHeart Smart Contract with QTH as the governing token, to the new MetaQuantum Smart Contract with the new MQM ticker as the governing token.
The migration implies a few steps for existing token holders, while new token holders do not have to do anything.
There are a few features that determined us to build a new smart contract from scratch instead of building upon the old smart contract.
Layer0. The first feature is about scalability. As you may already know, we are proposing a multi-chain architecture for our products and tokenomics, with the possibility of bridging your tokens to other chains that we implement.
This translates to unprecedented flexibility and freedom of movement for our token holders, meaning that you will be able to bridge your MQM tokens to a blockchain network more suited to your needs. This kind of flexibility couldn’t be achieved with the old smart contract, because the original design did not allow us to build our token as a Layer0.
Layer0 blockchain projects focus on scalability and transaction speeds. One of the most important features of tokens built on the Layer0 of their smart contract is that they can be easily bridged to other blockchain protocols, let’s say from Ethereum’s ERC20 to Smart Chain’s BEP-20 protocol.
From the user perspective, this means that he or she will not have to rely on risky or untested third-party bridging platforms, but instead they will benefit from a proprietary bridge built by us, which will enable them to move their MQM tokens from one protocol to another.
Furthermore, another very important characteristic of the Layer0 Smart Contract is that it enables us to provide developers with high performance, scalable applications. This translates to instruments such as SDK, smart contract libraries and Application Programming Interfaces (APIs) that developers can use to directly integrate the MQM token into future dApps or into existing blockchain apps.
Anti-snap mechanism. One of my personal favorites, the anti-snap mechanism built on our new Smart Contract is a state-of-the-art security feature, meant for the protection of the token economy and token holders. Many projects out there get headaches because of bots attacking their networks or that farm their reward schemes and bounty programs.
These situations will be prevented thanks to the precautions that we take by implementing anti-snap mechanisms, which are projected to become an industry standard in the near future.
This level of security deters any unwanted or bad actors that may come in contact with our ecosystem, thus resulting in better protection of assets while ensuring an organic ecosystem economy that is not plagued by farming techniques or other unwanted attacks.
So, even though we use open, distributed ledger technologies, we are also making sure the necessary firewalls are in place for the best and safest experience possible.
Whitelisting features. Especially meant for the Launchpad, the new Smart Contract enables instant whitelisting for our projects or other projects that will incubate here.
This means that all participating parties, starting from projects all the way down to end users and contributors, will be cryptographically registered in the smart contract protocol, eliminating challenges specific to centralized whitelisting tools, and the limitations related to the manual control of whitelisted participants.
Smart Contract Migration (QTH becomes MQM)
All of these smart contract upgrades will have little to no impact on our existing token holders, as you will be provided with detailed instructions on how to migrate your QTH tokens to the new MQM protocol, even if your old tokens are staked in our existing staking platform.
We will make sure to maintain the old smart contract alive for as long as necessary, in order to allow all of our holders to migrate their QTH tokens in due time.
As an existing token holder, there will only be a few steps for you to do so you can burn the old QTH tokens and perform the migration to the new MQM token, so please make sure to follow our announcements for detailed instructions. We will assist everyone for a smooth and proper migration.
Both new and previous token holders will receive the new MQM token at the Token Generation Event (TGE) prior to listing, so everyone will start at a level playing field.
What’s next?
We hope that you’ve enjoyed reading this month’s update, and we also hope you are getting excited, because we are revving our engines for the first testnet launch of the Launchpad. Furthermore, we will post new updates as the Smart Contract migration progresses.
Stay tuned for updates on our social media channels, and if you want to get in touch with our friendly core team head over to our official Telegram group, shoot your question and we’ll be happy to chat.
