As MetaBlox deploys the world’s first decentralized WiFi OpenRoaming Network, we have some important updates for community members. These updates relate to:

• Miner deployment

• Cloud Mining

• MetaBlox NFT staking

• Token Generation Event

Miner Deployment Begins

MetaBlox miner deployment has commenced! Starting on December 5, hundreds of miners were installed in the Philippines, with more coming soon to Canada and the UAE. These miners are special because while they issue ongoing MetaBlox tokens, they also provide WiFi to busy public locations and businesses.

That’s because MetaBlox miners are routers which issue MetaBlox tokens as they establish internet connections. Mining rewards are currently points that will become stakeable for tokens after MetaBlox’s TGE.

Order your MetaBlox miner now!

Cloud Mining Starts

MetaBlox cloud mining has begun: as of December 12 2022, holders of the MetaBlox NFT secure rights to all the points issued by a MetaBlox miner. The miners issue more tokens the more WiFi connections they establish, so NFT holders optimize their token yields because the NFT-pegged miners are in the busiest locations. Holders will be able to stake their points from from cloud mining for MetaBlox tokens later in 2023.

NFT Staking Period Ends

For those interested in claiming their share of MetaBlox tokens cloud mining tokens and other rewards, a few NFTs remain on Binance.

TGE Delayed

Taking into account community input, the MetaBlox team has decided to delay its token generation event until 2024. This means MetaBlox token rewards from cloud mining and staking will remain as MetaBlox points for now–they will not be available for withdrawal into crypto wallets or exchanges until the TGE.

However, tokens from cloud mining will continue accumulating as points, and those for NFT staking will also remain safely in your account. You’ll be able to view your cloud mining points after logging in on the NFT management site mentioned above.

There are two reasons behind our decision to postpone our TGE:

• Current economic conditions are not ideal for a TGE, as the fallout from projects such as BlockFi and FTX has caused a bearish crypto market. Countless projects, coins, and tokens have lost over 90% of their value as a result. We want to protect our community’s cloud mining and staking rewards from losing their values in a similar way, so we will wait to put a token on the market until conditions are more favorable.

• Community polls showed significant support for the delay

Ultimately, it is clear to us that holding a TGE would not be in the best interest of our community, and we are confident that members agree. In the meantime, simply keep holding your MetaBlox NFT to continue earning MetaBlox points from cloud mining.

Final Words

We are heading for exciting times as 2023 nears. MetaBlox miner deployment, MetaBlox token generation, and cloud mining are all crucial to laying the foundation for Web3. Explore how this is the case on our website and social media channels as you await MetaBlox’s TGE