Simeta serves as the next generation Shop-to-Earn eCommerce marketplace that allows multiple vendors to sell their products with cryptocurrency in the metaverse.
Start:
Dec 12, 2023 00:00:00
Ended:
Dec 30, 2023 00:00:00
ICO Details
ICO Details
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What is Simeta?
Simeta serves as the next generation Shop-to-Earn eCommerce marketplace that allows multiple vendors to sell their products with cryptocurrency in the metaverse. It strives to bridge the gap between the cryptocurrency world and the physical world to satisfy consumers who previously couldn’t shop while using their crypto assets. Simeta will start from the US and service the whole world in future.
Simeta Unique Features
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Roadmap
Phase 1: Q1 2022
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Market research, feasibility analysis & team formation.
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Business model design and simulation.
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Whitepaper and website establish.
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Social media accounts registration and marketing.
Phase 2: Q2 2022
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Land system & Crypto eCommerce platform development.
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Issuance of utility tokens $SMT.
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Issuance of Land NFT.
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Seed & Private round sale.
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Releasing of Land NFT.
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Invite the first batch of sellers.
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Launch SMT on the first exchange.
Phase 3: Q3 2022
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Optimization of Land system & Crypto eCommerce System.
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Expand to the Europe & Asia market.
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APP development.
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Invite the 2nd batch of sellers & achieve a 20 million USDT turnover on the crypto eCommerce platform.
Phase 4: Q4 2022
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Simeta metaverse development includes customization of characters, pet system, land and pet NFT marketplace, NFT farming system, etc.
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Promote for merchants to complete sales of $200 million.
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List the utility tokens on CEX.
Phase 5: Q1 – Q4 2023
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Combine Crypto eCommerce platform and Simeta metaverse to complete Simeta, a metaverse eCommerce platform where users can shop in an emerging immersive digital environment with other users around the world.
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Optimization of the whole system and inviting more merchants.
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Promote for merchants to complete sales of $2 billion.
Simeta Token Economy
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Detailed Token Metrics
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Simeta Token Distribution
Token Release Schedule
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Strategic Partner (3%): the portion will be allocated for incentives to partners during project development.
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Seed Round (5%): sale to partners, investment funds. It will release 12% at the TGE. The cliff period is 6 months & the monthly unlock rate is 4.4%. The seed round has a lower rate than the Private Sale with the condition of long-term companionship with the project.
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Private Round (10%): sale to partners, investment funds. It will release 20% at the TGE & the monthly unlock rate is 8%. The private sale round has a lower rate than the Public Sale with the condition of long-term companionship with the project.
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Public Round (6%): open for sale on IDO platforms with 6% (Pre IDO & IDO) of the supply of the total token. The sale is to provide tokens to perform interactive activities & buy/sell lands, the non-fungible parcels (NFT) in which the virtual world is divided in the Simeta ecosystem.
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Development Team (16%): tokens will be allocated as an incentive to project founders, employees, freelancers. The token has a vesting period of 40 months. Tokens will be allocated after the project is run for 6 months with a monthly unlock rate is 2.5%. The token allocation time lock is intended to create focus on project development before the team receives rewards.
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Marketing (10%): The portion will be allocated as a reward for community activities. In addition, there will be rewards for content creators and developers who have actively contributed to the Simeta ecosystem. Contest rewards will be opened to promote the team’s interaction with the community periodically.
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User incentives (25%): Rewards will be spent as rewards for daily shoppers. Simeta has token inflation reduction mechanisms (sink and faucet, lending, mystery capsule, etc). In which the number of releases will increase by the number of active users per year, the release will be completed in 5 years. The system will check on the returned data to always ensure that the token distribution is reasonable.
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Liquidity (7%): is allocated for the purpose of creating liquidity for $SMT tokens quickly.
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Reserve Fund (15%): The reserve fund will be created to minimize the risks when the crypto market fluctuates or unexpected incidents occur. Funds will be used to create a balance of the Simeta ecosystem to make us adapt better to the growth of our ecosystem and expand sustainably.
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Advisory (3%): the portion will be allocated for incentives to the Advisory partner.
Partners & Advisors
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Team Members
Co-Founder / COO: Bob, Bob worked in the crypto field for 5 years after 4 years of experience in an MNC.
Co-Founder / CMO: Simon, Simon has 3 years of experience in online marketing in the blockchain industry and is resourceful in KOL, influencers etc.
CTO: Minh Lee, Lee is expert in Go, HTML, JavaScript, Node.js, Solidity, TypeScript with 12 years of experience
Product engineer: Paul, Paul worked as a game development manager at a well-known agency and has over 7 years of experience in the journey of creating hit games. He has dedicated himself to the game industry, and blockchain technology and inspires his passion and leadership with the production team.
Graphics Engineer: Aisha Brumby, Aisha acts as the graphic engineer with the mission to create the best and most user-friendly design. She is a magical master with 7 years in 2D/3D, UX, UI and Game Design.
Partnership Manager: Tatiana Muntyanu, Tatiana has 5 years of experience in cryptocurrency and 12 years of experience in marketing and client relations at a reputed agency.
Community manager: George Villanueva, George is multilingual, including English, Spanish and is experienced in managing kinds of groups
Investors
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