• Metatime has raised $11 million in private funding to build out its comprehensive suite of web3 products.
• The round was led by investors Yıldız Tekno GSYO A.Ş., Halkbank, Kalyon Holding, Yıldız Technical University, and Türk Telekom.
• MetaCoin (MTC) tokens acquired in the private sale will be made available upon completion of the public sale on March 23.
Metatime Raises $11m for Web3 Ecosystem
Metatime has raised $11 million in private funding ahead of the public sale of its MetaCoin (MTC) token. This investment aims to help Metatime develop a comprehensive suite of web3 products that will enable individuals to make the shift to Web3 in all its forms.
Lead Investors
The round was led by investors Yıldız Tekno GSYO A.Ş., Halkbank, Kalyon Holding, Yıldız Technical University, and Türk Telekom with more than 10 private angel investors also participating.
MTC Token Public Sale
With Metatime’s public sale having commenced on March 3 and continuing until March 23, 10% of the MTC tokens acquired in the private sale will be made available upon completion of the public sale on March 23rd. The remainder will be subject to 225 days‘ linear vesting after the project’s main launch date on November 11th.
MetaChain & MetaExchange
MetaChain and MTC are both integral components for Metatime’s transition into Web3 as they power every transaction within this blockchain ecosystem and maintain a supply-demand balance through fixed burn formulas respectively. In addition to this blockchain infrastructure, Metatime is developing a native crypto exchange called MetaExchange which will give users full control over their finances, identity, and assets while allowing them to participate in network validation and earn MTC rewards as well.
Conclusion
Metatime’s seed round has enabled it raise funds necessary for building out its comprehensive suite of web3 products along with providing users access to an integrated blockchain ecosystem consisting of MetaChain and MetaExchange that offers multiple features such as reward earning opportunities through network validation while giving them full control over their finances and identity among other things.
