Following up on their newly applied program for staking GENE tokens, Genopets prepares to airdrop KI tokens to stakers as a part of the token launch. They may also maintain a public sale for the tokens on Strata, in what they’re calling a ‘Dynamic Pricing Protocol’. Gamers with Genopets can play the beta, and lots of have already minted Habitats as effectively. The KI token is a key element to the following layer for his or her economic system.
The KI token is a crucial a part of the Genopets economic system. Gamers use KI to craft NFTs, mint new Habitats, refine Crystals, and convert power to stage up their Genopets.
On June 18th, 2022, at 23:59 UTC, the Genopets crew will take a snapshot of the pockets deal with which can be staking GENE tokens. Twenty million KI tokens will likely be airdropped to stakers, based mostly on their staking reward weight. The tokens will likely be vested over 90 days. I consider that signifies that the airdrop will occur in levels or drips throughout the 90 days following the KI token sale.
KI Token Sale
The KI token sale will likely be on Strata and is following what the Genopets crew calls a Dynamic Pricing Protocol. On this technique, the token value begins at an preliminary worth worth. On this case, 0.50 USDC. As soon as the sale begins, the worth begins to drop shortly. Nonetheless, at any time when anybody buys tokens from the sale, the worth will increase and the worth drop pauses. If nobody buys tokens for a bit, the worth begins to drop once more. Rinse and repeat till all the tokens are bought.
We noticed Genopets use this similar mannequin with their current Water Crystal sale, and it appeared to work fairly effectively. Total, the shopping for and worth change course of was easy, and the group was in a position to calmly pickup Water Crystals at a worth level they felt snug with. We’ll see if the KI token launch fares the identical. The sale begins on June twentieth, 15:00 UTC and runs for 3 days or till the tokens promote out. There will likely be 20 million tokens obtainable on this sale.
The entire funds from the token sale will likely be paired with the ultimate 1/3 of the preliminary token provide, as a way to present liquidity in a DEX pool. This places a complete of 40 million KI tokens into the economic system immediately, with one other 20 million airdropped out over the following 90 days.
The sport is at the moment working a beta for holders of Genopets. I count on that the performance for the KI token will likely be added concurrently the token launch, however I don’t have an official assertion on that.
Genopets is a free-to-play, “transfer to earn” recreation constructed on the Solana blockchain. Genopets makes use of knowledge tracked by a smartphone or health wearable to stage up a Genopet NFT. Gamers summon their pet and quest within the Genoverse exploring hidden lands, discovering loot, crafting gadgets, and battling with different gamers.
The play-to-earn economic system of Genopets consists of 4 major components:
- GENE token – the governance and staking token for Genopets
- KI token – the reward and utility token
- XP – a stat within the Genopet NFT metadata that will increase by means of exercise
- Gene Crystals – NFTs crafted from GENE and KI to speed up and direct the evolution of a Genopet.
Habitats are NFTs gamers can buy on the markets or craft in-game, and the primary gateway into play to earn. Every Habitat holds one Genopet. Habitats generate Crystals and KI tokens passively, whereas additionally growing the expertise your Genopet earns. Gamers should preserve their Habitats or manufacturing stops.
Gamers can generate earnings from leveling up Genopets and promoting them. Or they will construct a habitat and promote the Crystals and KI tokens produced. The GENE token exists on each Solana and Binance blockchains. Genopets is at the moment in non-public beta and including new gamers frequently. In addition they opened up a staking program for his or her GENE token.