MST
& NFT
MST
& NFT
MST
MST stands for Metaverse Share Token. It's a type of cryptocurrency token used within the Veelive Metaverse to represent ownership stakes in virtual assets specifically for the 1 square land and buildings shares.
Holders of MST tokens are entitled to a portion of the annual rental income generated by the associated property.
The number of MST tokens received depends on the size and category of the property purchased. In essence, MST tokens function as shares of ownership in the virtual real estate of the Veelive Metaverse.
NFTs
If you decide to buy a complete office or store, you will receive an NFT that secures your ownership.
What does NFT mean?
NFT stands for “Non-fungible Token” This token is a digital certificate of ownership. It proves that you own a digital work of art, for example. NFTs can be issued for all kinds of digital objects such as land or buildings. All NFTs can be traded on the Veelife marketplace.
Explanation of shares:
To calculate the value of a share, the company’s total turnover is added together, and the shares are also added together. The turnover is then divided by the shares to determine the value of one share. Depending on how many shares an individual owns, they will receive a portion of the company’s profit. This can be a lucrative investment opportunity if the company performs well and generates significant profits.
