#### What is Metagalaxy Land? Metagalaxy Land (MEGALAND) is a project that combines elements of [cryptocurrency](https://www.coinbase.com/learn/crypto-basics/what-is-cryptocurrency), [decentralized exchange](https://www.coinbase.com/learn/crypto-basics/what-is-a-dex), NFTs, MetaFi, and a play-to-earn [metaverse](https://www.coinbase.com/learn/crypto-basics/what-is-the-metaverse). It provides a [blockchain](https://www.coinbase.com/learn/crypto-basics/what-is-a-blockchain)-based platform for a next-generation space life simulation and metaverse experience. Users can create and exchange their own customized Planets as NFTs and participate in the metaverse as Space Cowboys or choose to be Space Pirates. In-metaverse transactions such as Leveling Up, Construction, and Alliances are conducted with the $Megaland Token. The project also includes a play-to-earn function, allowing users to earn [tokens](https://www.coinbase.com/learn/crypto-basics/what-is-a-token) through [Mining](https://www.coinbase.com/learn/crypto-basics/what-is-mining) Resources, Alliances, Trading, or by selling their NFTs on the Metagalactic Marketplace. #### How does Metagalaxy Land work? Metagalaxy Land operates through its native $MEGALAND token, which is used for in-metaverse transactions. The platform offers a decentralized exchange, Metagalactic Swap, which provides passive income to token holders. Users can [stake](https://www.coinbase.com/learn/crypto-basics/what-is-staking) their tokens and NFTs in the $Megaland Pools and [NFT](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/nft) Pools respectively. The platform also features a Metagalactic Universe (Metaverse), where users can create their own planets, societies, and life forms. Users can choose to be Space Cowboys, who own planets and can terraform, manufacture high-value goods, construct buildings, and hire Space Pirates. Alternatively, they can be Space Pirates, freelancers who can establish their clans and guilds and act as the armies and expedition crews of individual Space Cowboys. #### What are the potential use cases for Metagalaxy Land? Metagalaxy Land aims to provide a unique metaverse experience, allowing users to create and exchange their own customized planets as NFTs. It offers a play-to-earn function, enabling users to earn tokens through various activities such as Mining Resources, Alliances, Trading, or by selling their NFTs on the Metagalactic Marketplace. The platform also includes a decentralized exchange, Metagalactic Swap, which provides passive income to token holders. Users can stake their tokens and NFTs in the $Megaland Pools and NFT Pools respectively. The platform's MetaFi aspect allows different types of users to work together, creating a dynamic and interactive metaverse environment. #### What is the history of Metagalaxy Land? Metagalaxy Land was launched on the Binance Smart Chain on November 26, 2021. The project had a presale that sold out in 10 seconds, demonstrating significant initial interest. The total supply of $Megaland is 1,000,000,000, all of which are in circulation. The initial distribution of $Megaland was divided among Seed, Team, Marketing, Rewards, Burn, [Airdrop](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/airdrop-), Presale, and [Liquidity](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/liquidity-). The Metagalaxy Land team believes that NFTs will become a significant part of our daily lives and have implemented Planet NFTs into their metaverse with a P2E function. The project is future-oriented and aims to be one of the architects of the future metaverse.