LESLAR Metaverse: A Cyber-Future Metaverse Connecting the Real and Virtual Worlds

What is LESLAR Metaverse

Friends, imagine we are now living in a digital world, a world that feels like a futuristic cyber space. LESLAR Metaverse (project abbreviation: $LESLAR) is exactly such a “cyber-future” themed digital world. Here, people from Indonesia and around the globe can meet, communicate, play, work, and even participate in virtual competitions.

You can think of it as a large online community, but it’s much more than just chatting. LESLAR Metaverse features 8,888 unique, futuristic avatars called “LESLARIAN”. Owners of these avatars can enjoy various privileges in this digital world. The project also aims to bring real-world business activities into the digital world, forming a sustainable economic ecosystem. Its main pillars are fourfold: gaming, staking, merchandising, and education.

Project Vision and Value Proposition

LESLAR Metaverse has a very clear vision—it acts as a bridge, hoping to introduce and popularize the digital world among the Indonesian public. Their goal is to leverage the founders’ existing community influence to become the first and largest metaverse destination from Indonesia to the world.

Simply put, this project aims to provide a platform where everyone can interact in a virtual world, play “Play-to-Earn” games, and own their own digital assets. It’s like when we played games as kids, but now you not only have fun, you can also earn valuable digital items and even profits through your efforts in the game.

Technical Features

This digital world of LESLAR Metaverse is built on the BNB Smartchain. You can think of BNB Smartchain as a highway that allows digital assets and transactions to run quickly and securely.

The core technical features of this project include:

• Game Modes: It focuses on “Free-to-Play” and “Play-to-Earn” game modes. This means you can enter the game for free and earn digital assets by playing.
• Non-Fungible Tokens (NFTs): The project plans to launch four different types of LESLARIAN NFTs, each with unique functions and specialties. These NFTs can be used in the virtual world and may even have certain uses in the real world. NFTs are like unique collectibles or proof of ownership in the digital world, such as a limited edition digital artwork or a rare in-game item.
• NFT Marketplace: LESLAR Metaverse also plans to build its own NFT marketplace, allowing everyone to trade various NFTs here. The transaction fees generated by the marketplace will be distributed to $LESLAR token holders through staking.
• Transparency: The project emphasizes that its transactions will be decentralized to ensure transparency, allowing everyone to see transaction records with no behind-the-scenes manipulation.

Tokenomics

The core of the project is its digital currency, commonly referred to as a token. The token of LESLAR Metaverse is $LESLAR.

• Token Symbol: $LESLAR
• Issuing Chain: It runs on the BNB Smartchain.
• Total Supply: The total supply of $LESLAR is 1 trillion (1,000,000,000,000).
• Token Utility:
  • It is the “universal currency” for transactions within LESLAR Metaverse.
  • In Play-to-Earn games, you can use it to participate in games and purchase in-game items.
  • By holding and staking $LESLAR, you can receive various benefits and even dividends from LESLAR Metaverse’s real business profits. Staking is like depositing your tokens in a digital bank to earn interest or rewards.
• Circulation: According to some information, the current circulating supply of $LESLAR is 1 trillion, meaning 100% of the tokens are in circulation. However, other data shows its circulation as 0 or not applicable (N/A). Notably, the current real-time price of $LESLAR is shown as $0, with a 24-hour trading volume of $0. This may indicate that the project’s trading activity is very low or there is almost no active circulation.
• Inflation/Burn: There is currently no clear mention of any inflation or burn mechanism for $LESLAR tokens. The project team states that dividends from real business profits can avoid affecting token supply, thus maintaining price stability.

Team, Governance, and Funding

The success of a project depends on the people and management behind it.

• Core Members: The LESLAR Metaverse project is jointly managed by well-known Indonesian public figures Rizky Billar, Lesti Kejora, and Rudy Salim. In addition, there are other members in various positions, such as Rudy Salmi as “Elite President” and Reza as “Elite Commander”, etc.
• Team Features: The involvement of public figures in the team is relatively rare in crypto projects and can bring a certain level of attention to the project.
• Governance Mechanism: The project mentions a staking mechanism called “LESLARDAO”, where holders can receive benefits through staking, implying some form of community participation and reward distribution. Additionally, the project emphasizes decentralized transactions for transparent management.
• Funding: Official materials do not disclose detailed information about the project’s specific funding sources or operational reserves. However, the roadmap mentions “token private sale” and “token presale” stages, which are common ways for projects to raise funds in the early stages.

Roadmap

The roadmap is like the project’s “development blueprint”, telling us what it has done and what it plans to do. The LESLAR Metaverse roadmap mainly focuses on the early stages of the project:

• Phase 1 (Completed or Early Planning)

  • Formation of the LESLAR Metaverse team.
  • Establishment of social media and community (Telegram, Discord, Instagram, Twitter).
  • Release of the project whitepaper.
  • Conducting token private sale and presale.
  • Token whitelist activities.
  • Launch of global community development plan.

• Phase 2 (Early Planning)

  • Initial DEX Offering (IDO) presale on launchpad.
  • Whitelist giveaway competitions.
  • “Dessert Doxed Audit” and “Techrate Audit” security audits. (Security audits are like hiring third-party experts to check the code for vulnerabilities.)
  • Listing on decentralized exchanges such as Pancakeswap.

• Future Plans (Extracted from Other Information)

  • Launch of Play-to-Earn games.
  • Establishment of NFT marketplace.
  • Launch of token staking services.

Common Risk Reminders

Investing in any blockchain project comes with risks, and LESLAR Metaverse is no exception. Here are some common risks to be aware of:

• Economic Risks

  • Early Project Risk: As a relatively new project, the utility of its token has not yet been fully tested over time.
  • Low Market Activity: The current real-time price and trading volume of $LESLAR are both shown as 0, indicating extremely low market activity and potential liquidity risks.
  • Regulatory Risk: The Indonesian Commodity Futures Trading Regulatory Agency (Bappebti) has reminded the public to be cautious about fundraising activities involving cryptocurrencies and NFTs, and to verify their technical development, especially for emerging metaverse projects.
  • Fraud Risk: Regulators have also warned that there are many investment scams in the market under the guise of “robot trading” or “binary options”, which are often Ponzi schemes.

• Technical and Security Risks

  • Audit Report Not Public: Although the roadmap mentions security audits, there is currently no publicly available detailed audit report for the LESLAR Metaverse project itself. Audit reports are an important basis for assessing the security of project code.
  • Contract Migration: The project has mentioned migrating to a new contract address (V2). Contract migration can occur for various reasons but may also bring uncertainty or potential risks.

• Compliance and Operational Risks

  • Regulatory Compliance: Early reports indicated that as of February 2022, LESLAR Metaverse had not yet been listed on domestic Indonesian crypto exchanges or registered with Bappebti. This may involve compliance issues.
  • Public Figure Risk: The project involves public figures, which can bring attention, but if the project is poorly managed or encounters problems, it may also affect the reputation of the public figures, and vice versa.

Verification Checklist

For any blockchain project, we can verify its authenticity and activity through some public information.

• Block Explorer Contract Address: On CoinMarketCap, the $LESLAR token has a contract address:
  0x0F2420fC7ce2446C35CD37F514486aa88D703bC3
  . However, there is also information that the project has migrated to a new contract address (V2). It is recommended to check the latest active contract address on the BNB Smartchain block explorer (such as BscScan), and review its transaction records and holder distribution to understand its on-chain activity.
• GitHub Activity: LESLAR Metaverse has a GitHub account named
  leslarmetaverse
  with 4 code repositories, including repositories written in Solidity. We can check the frequency of code updates, commit records, and number of contributors to assess the project’s development activity.

Project Summary

LESLAR Metaverse is a “cyber-future” themed digital world project aimed at providing a virtual platform for socializing, entertainment, and work for users in Indonesia and globally. It was initiated by Indonesian public figures and plans to build a digital economic ecosystem through Play-to-Earn games, NFTs, and staking mechanisms. The project’s vision is to popularize digital world knowledge and become an internationally influential metaverse destination.

However, based on currently available information, the project is still in its early stages, and market activity is very low, with token price and trading volume almost zero. In addition, there are potential risks in regulatory compliance, technical security, and economics, such as the lack of a publicly available detailed audit report and general regulatory warnings about emerging crypto projects.

In summary, LESLAR Metaverse paints a picture of a promising future digital world, but its development still faces many challenges. For anyone interested in this project, be sure to conduct thorough research (Do Your Own Research, DYOR), fully understand all potential risks, and remember that the above content does not constitute any investment advice.