Moscow-based indie game development studio, MetaGold is launching a crowdsale of its MetaGold (MEG) cryptocurrency. The upcoming crowdsale will involve custom ERC20 tokens based on the Ethereum blockchain. The MEG cryptotokens, sold during the crowdsale will serve as an in-game currency for the games developed by MetaGold Studios. Subscribers to the crowdsale can use the tokens on the indie studio’s flagship War of Magi — a turn-based, multiplayer card game – and another upcoming cross-platform multiplayer adventure game, codenamed Project X.

With the MEG cryptotokens, gamers will be able to buy collectible items, including custom skins, characters, booster packs, cards etc. All purchases made on the platform are recorded on the Ethereum blockchain which will enable players to share, trade, sell or be a collector and safely store the items. The use of Ethereum blockchain also allows gamers and asset owners to verify their holdings at any time. Assets owned by the players on MetaGold network are free from third-party intervention: others are prevented from seizing, deleting or modifying the assets or the markets on which they are exchanged.

The MetaGold team is continuing to develop both the current as well as new game titles. All the games developed by MetaGold will support and use MEG tokens as its native in-game currency. The MetaGold team will be creating a total of 8,000,000 MEG tokens, of which 6,000,000 MEGs will be made available to the crowdsale participants. The remainder of the 2,000,000 MEG tokens will follow the following distribution pattern:

– 900,000 MEGs reserved for the founders of MetaGold

– 800,000 MEGs for the platform’s advisors, partners, and other third-parties

– 300,000 MEGs for campaigns and bounties.

The founders’ share of MetaGold tokens will be subject to a 6-month lock-in period, starting from the last day of the crowdsale. It’s development roadmap for 2017 is currently available on its website and the company has said it will announce the exact dates for the upcoming MEG crowdsale soon.