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Megatech Acquires $113M Renewable Energy Project to Strengthen MGT Token Value Proposition with Migration to BSC and Rebrand

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Johannesburg, South Africa–(Newsfile Corp. – March 3, 2022) –

MGT Image

The acquisition goes beyond the expectations of its initial roadmap, further increasing value to its token holders in the long run. Likewise, it aims to utilise the MGT token for P2P green renewable energy trade among consumers. Soon to come are Green MGT Megaverse and carbon credit-backed NFTs.

The Beta project value stands at $113 million, encompassing a 60-megawatt farm and a 100-megawatt world-class storage technology. The move increases profitability with the opportunity to sell green energy at peak rates, blue chipping listed parties who previously signed the project for kick-off.

The project approximates huge profits in the next 20 years from selling green energy and trading carbon credits. Moreover, it will be battling carbonization and reducing the carbon footprint of large energy consumers.

How the Project Will Bring More Value to Token Holders

The project will dedicate 40% of its profits to the custodian company, MGT Solar PTY. Its management falls under the fiduciary directors, who also act as custodians for token holders participating in the performance staking program.

Notably, all the profits garnered from MGT Solar PTY will go to participating token holders as financial rewards.

The mechanism ensures that despite the MGT token being a utility token, holders can be rest assured that the projects and plants are backing its value and rewards. As such, this factor ensures sustainability and increased value to all holders.

A Token Built to Push Sustainable Green Energy

Each MGT Token is backed by MGT Solar PTY Ltd and the 60mw solar plant. Notably, the first two plants will kick off in 2022. Additionally, the whole project is a golden opportunity as green energy projects take up to 60 months for development and maturity to beta status.

Along with these new steps, the project transitioned to the Binance Smart Chain, known among the most progressive platforms offering support to upcoming projects.

The project rounded up its ICO and is boasting a listing on the Bitmart exchange, with the next exchange listing scheduled to occur on the 7th of March. It hopes to round up 3 more listings on major exchanges in the coming 6 weeks.

About Megatech

MGT Solar (PTY) Ltd is an Alternative Energy Supply firm. It adopts the most advanced green sustainable energy technology to solve feasibility issues while assuring maximum efficiency and profitability.

There is high demand for electricity supply, particularly in Africa, and one of the most significant challenges is developing feasible and sustainable green energy solutions. Hence, combining cutting-edge solar energy technology, revolutionary storage technology, and a dynamic funding model was necessary to ensure minimal turnaround time and exponential profitability.

Megatech has recently updated its branding strategies and now has new social handles. Follow the new Megatech socials by clicking on the links below;

Social Media Links:

Website: https://megatechmgt.co.za
Instagram: https://www.instagram.com/megatech.mgt/
Facebook: https://www.facebook.com/Megatech-MGT-104919235450800
Twitter: https://twitter.com/megatech_mgt
YouTube: https://www.youtube.com/channel/UCdYHN1o7hmIts-pVVkCf7mQ
LinkedIn: https://www.linkedin.com/in/megatech-mgt-651842231/
TikTok: https://www.tiktok.com/@megatechmgt

Contact Information:
Edward Neilson
Chief Executive Officer (CEO)
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115549

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Revolutionizing Fintech: 6G Digital & Rune Nilsson’s FlexM Global in a Bold $12.5M Deal Shaking the Banking Industry

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Blockchain

Teletubbies Digital Companions to Launch on the Tezos Blockchain

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MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.

The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.

Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.

Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”

Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”

The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.

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Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board

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