MegaCities

A virtual world where your participation determines your real life ownership, wealth and security.

MegaVerse-X

The gateway to a complete digital embodiment of our undeniable future available today.

A world providing the digital bridge between real life and any extended or augmented reality version of it.

A complete digital embodiment of mixed and extended reality, to create an undeniable virtual future that will determine not only your presence on the web, but also your status and existence in life.

With MegaVerseX we introduce new layers of existence to the user in the MegatonCities environment - a Virtual Real World - Virtual Reality [VR]. "Something that appears to be real but isnt,"aided by Augmented Reality [AR]".

By super imposing computer-generated information on top of the actual environment, augmented reality enriches it, adds value to it, gives it meaning and provides a wholesome user experience. This done in VR's symbiosis.

The MegaCities platform combines all the technologies into one application which is referred to as MegaVerse-X.

The Purpose

Reasons for building MegaCities and why your participation is needed.

🌎 Earth and every organism in it requires life preserving water to exist, live and survive.

🌎 Perfect balance in nature means that all the water is in the right places and there shouldn't be artificial scarcity of water resources at all.

💰 The same fact holds true for money.

🏙 Building MegaCities virtually will assist in restoring the balance in reality and offer equilibrium in wealth distribution across the world.

👫 Building Virtual SmartCities requires communities of people to collaborate and this is your opportunity to participate and play an important role in contributing to making a difference.

💧It all depends on how we connect and move the water, which by the way have been around since the beginning of time even before money.

DAO Structure  —

MegatonCities Is A Decentralised Autonomous Organization

dao, (Chinese: “way,” “road,” “path,” “course,” “speech,” or “method”) Wade-Giles romanization tao, the fundamental concept of Chinese philosophy.

DAOs will be the future of online communities in five years.

A decentralized autonomous organization (DAO), sometimes called a decentralized autonomous corporation (DAC), is an organization represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government. 

A DAO's financial transaction record and program rules are maintained on a Distributed Ledger Technology [DLT] or Blockchain that is a specific form of DLT.

MegatonCities uses both an Open as well as Token Gated Membership.

MegatonCities firstly operates with a fully open membership policy in which case its as simple as joining the MegatonCities Data Server.

Because there is differentiation in the Membership model this is managed via token gating. In this model, the member must authenticate that he or she holds the NFT membership token in his or her Crypto Wallet that will determine their position within the Community Ecosystem and on the Data Server or website.

Token gating allows for a membership that is fixed in size but can automatically change over time as people transfer the NFTs. Due to blockchain transaction fees, this flexibility comes at a cost and that's one of the reasons MegatonCities uses rather Hedera Hashgraph DLT.

A decentralized autonomous organization provides power for users to create an online community with as little friction as possible.

Online communities, those that share a common interest on the internet, can range from social networks, grassroots organizations and customer communities.

We, as a society, are naturally communal, so it makes sense to engage in ideas and interests with others online. Whether we build relationships with people directly or indirectly, communities are built.

However, how we do so differs.

In 2006, web expert Jakob Nielsen proposed a 90-9-1 rule based on participation inequality in social media and online communities. According to Nielsen, in most online communities, 90% of users are lurkers, i.e., those who observe, but don’t contribute, nine percent of users contribute a little and only one percent account for the most contributions.

But as the influence of online communities continues, their nature is beginning to change. The previous era was dominated by a user, customer and creator relationship. Now, though, we’re starting to see online communities taking ownership of what they want to share.

The ownership and creator economy

With COVID-19 forcing many of us to work from home and socially distance ourselves from loved ones, digital connectivity has played an important role in how we stay connected. For many, this has resulted in a greater reliance on online communities.

According to research by Facebook, in conjunction with The Governance Lab at New York University, 77% of respondents indicated that the most important group they’re part of operates online.

Regulatory —

MegatonCities as a DAO will always seek Regulatory Compliance

The Financial Action Task Force (FATF) has been alive to the changes in the virtual asset space and underscored an urgent need to address the potential misuse of virtual assets for money laundering and terrorist financing purposes.

On June 21, 2019, FATF updated its Interpretative Note to Recommendation 15 on New Technologies (INR15), which further clarifies the application of FATF requirements in respect of virtual assets and virtual asset service providers (VASPs)

The VASP Regulatory Regime will be implemented through an update to the Hong Kong Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO).

The VASP Regulatory Regime will focus on centralized virtual asset exchanges

Under the proposed VASP Regulatory Regime, anyone engaged in a "regulated VA activity" will be required to obtain a license from the SFC. A "regulated VA activity" will initially be limited to the business of operating a virtual asset exchange in Hong Kong (VA Exchange).

A VA Exchange will be defined as any trading platform that is operated for the purpose of allowing an offer or invitation to be made to buy or sell any virtual assets in exchange of any money or virtual assets, and which comes into custody, control, power or possession of, or over, any money or virtual assets at any point in time.

The proposed VASP Regulatory Regime does not apply to peer-to-peer trading platforms to the extent that the actual transactions are conducted outside the platform, and the platform is not involved in the underlying transaction by having possession of any money or any virtual asset at any point in time. Therefore, most de-centralized VA Exchanges will fall outside the scope of the proposed VASP Regulatory Regime.

Rewards Platform

Earn real-time USD and Crypto rewards for building the Megatrix (MegatonCities Matrix) from the ground up.

VISA holders can utilize proprietary MAST mining mechanisms on normal smartphone devices to earn either Fiat or Crypto Currencies that form part of the MegatonCities Distributed Ledger Technology, or reveive VISA related benefits to enable trade in the MegaVerse.

Citizens can participate in seperate avenues of bids and purchases on the MegaTrade Auction Platform inclusive of but not limited to Fractional Land Ownership, NFTs, Collectable Items as well as Utility or Investment Coin exchanges.

Commercial trade can be in an all-inclusive and seamless peer-to-peer manner on a global ubiquitous scale to provide unrestricted benefits to all participants.

The greatest benefit will be in the actual building of MegatonCities and making a real difference on earth at the same time.