- The development of the Metalinq protocol brings new technological advancements in interoperability.
- $IND holders are eligible to receive an airdrop.
Coinsilium Group Limited, a Blockchain and open finance venture operator, announced its new role as an advisor of Metalinq Labs Inc. and signed a token purchase agreement with the same company today on the 25th of July 2022 at 7:00 GMT/BST. This event will allow different metaverses to connect, enabling interoperability between them.
The Advisory Terms and Token Purchase Agreement
Coinsilium, as an advisor, agreed to aid Metalinq Labs by giving it the strategic advisory services it needs throughout and over the token generation event of its future utility token, $MLINQ. The terms include providing any strategic advice regarding token economics, development, and partnerships.
The Token Purchase Agreement, on the other hand, specifies small details about the arrangement between the two involved companies. Coinsilium buys $MLINQ digital tokens worth $200,000 from Metalinq Labs. It will only be distributed during a vesting period, following the $MLINQ token generating event. At the time of writing, the token’s price is not yet revealed to the public as Metalinq plans to announce it when it is ready.
The Advisory Terms and Token Purchase Agreement between Coinsilium and Metalinq Labs are positioned to solve the growing problem in the metaverse, insufficient interoperability, while recognizing its potential. With this, Coinsilium participated in the pre-seed funding round and ensures to provide its expertise to help make the project successful. The design of Metalinq is a layer 3 protocol, enabling connections between metaverses.
Metalinq: A Layer 3 Protocol
The Metalinq protocol works by integrating the NFT standards in different blockchains by using the existing bridges between them. This protocol applies a messaging layer, allowing cross-communication and better inoperability. It also integrates various metadata formats incorporated in blockchain standards.
Lastly, the center of the Metalinq ecosystem is interoperable NFTs. From the time the Metalinq Layer 3 enables the communication between NFT standards and file formats, the P2E games and other metaverse projects can experience cross-chain and cross-game communication.
The new technological advancement planned by Metalinq has been embraced by Coinsilium, putting its entire confidence in the project. “We would therefore hope to see, in the fullness of time, this value accretive design reflected in the price of the project tokens we hold and earn through our investment and advisory work,” says Eddy Travia, the CEO of Coinsilium.
An Airdrop for $IND Holders
Metalinq announced that $IND holders are eligible to receive $MLINQ tokens via airdrop as per the announcement of Metalinq, but changes may still apply. One $IND token will be equivalent to $MLINQ. Metalinq and Indorse will announce the airdrop and its details following the planned token launch next year. At the current time, Coinsilium has 5,349,895 $IND tokens.
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