Next Earth, a new Metaverse-themed project that leverages VR/AR instruments, is approaching its public token sale
Next Earth project is going to sell its utility token, NXTT, to retail investors through its native launchpad for IDOs.
NXTT Debuts on Next Earth Launchpad as First IDO
According to the official announcement shared by the Next Earth Metaverse project, following the release of its NFT drops, its team is closing in on the initial decentralized exchange offering of its token.
On Jan. 22, 2022, this token sale will take place on the native launchpad integrated with Next Earth’s main website. To be eligible for whitelisting, Next Earth supporters need to buy a minimum of $100 in tokenized land in its Metaverse.
The exact token purchase details and conditions will be tailored to each IDO participant. All participants will be included in several levels. Each tier will have its own NXTT allocation limit.
Tier assignment will depend on the exact date of the user’s registration on the platform and the net volume of liquidity injected by him/her into purchasing tokenized land on Next Earth. Besides that, different tiers will have different vesting periods and unlocking schedules. These restrictions will prevent the IDO from being interfered with by malefactors or manipulators.
In addition, the earliest and most passionate participants in the community will be able to enjoy a special discount on NXTT tokens. To date, 350,000 virtual earth NFTs have been sold by Next Earth in less than five months; the project went live on mainnet in August 2021.
NEIPs and climate charity initiatives are on the menu
Gabor Retfalvi, founder and CEO of Next Earth, is fascinated by the opportunities that are unlocked for investors and supporters of his product in the long-term perspective:
In 10 to 15 years we will be living in the metaverse. I’d rather live in a fully democratic world where I have real ownership and authority over what happens to me than a video game that monetizes me to the bone, owned by a big corporation.
After the release of NXTT tokens, its future holders will be able to have a say in community-driven referendums on all crucial upgrades to the protocol. The first series of Next Earth Improvement Proposals (NEIPs) will be published in the coming weeks.
In addition, the protocol’s revenue share will be distributed among various charitable initiatives aimed at combating global climate change. At the beginning of the first quarter of 2022, the Next Earth team has already donated $800,000 to these products.
