MonkeyBall just hit another milestone! Starlaunch has selected the play-to-earn arcade soccer game as its first IDO. The launchpad and incubator for Solana blockchain is bunking on the game’s community, AAA-grade gaming experience and massive potential.
Barely a month ago, we reported that Solana-backed MonkeyBall was in full celebratory mode after raising $3 Million in its initial funding round. The game received the nod and full backing of Crypto and Gaming’s top VCs and founders. The start-up now counts Solana Capital, Republic, NFX, Jump, ZBS Capital, MarketAcross, CMS and MorningStar Ventures as its investors.
More About Monkeyball’s IDO
The IDO will kickstart on November 30, offering 1% of MonkeyBall’s total supply. Essentially, that’s 10 Million out of 1 Billion Monkeybucks ($MBS), the in-game currency. The price will be set at $0.04 per $MBS with an implied fully diluted valuation of $40 Million.
Moreover, owning $MBS via the IDO will grant holders access to the upcoming MonkeyBall NFT drop of 5000 Gen0 monkeys. Later, users can use these NFTs to build monkey teams once the game launches.
The MonkeyBall IDO on StarLaunch will leverage its unique bi-token participation model. There will be a clear distinction between the concept of the governance token and the IDO access stake. Basically, deflationary token $STARS will serve as the governance token. Meanwhile, Hydrazine ($N2H4) is the IDO access stake. It will essentially be the required “fuel” to take part in IDOs on StarLaunch and is generated by staking $STARS.
Oren Langberg, Head of Marketing at MonkeyBall, is ecstatic over this development. He said, “We are psyched to be selected as StarLaunch’s flagship IDO. “From the team that brought us CardStarter, StarLaunch has all the right elements we strove for in a partner. Most importantly, a team as dedicated and MonkeyNuts as us that also has a proven track record of successful IDOs.”
Recap: What is Monkeyball?
In terms of gameplay, MonekyBall is an intersection between FIFA Street and Final Fantasy. It features matches between two teams, each with 4 Monkeys playing the positions of Scorer, Defender, Midfielder, and Goalkeeper positions. With six rounds of play per half, the first team to 3 goals wins.
Players can also boost their monkeys’ abilities and in-game performance by increasing their morale and caring for and training them. The upcoming Monkey NFT Drop is crucial because a monkey’s DNA and rarity affect the player’s ability to play and win matches. The generation zero monkeys have a fixed supply of 5000.
Furthermore, the game will reward stadium owners for the matches they host. Meanwhile, other players can be spectators and influence the gameplay by cheering for a winning team to increase their gameplay. So whenever a match ends, the in-game currency token, MonkeyBucks ($MBS), is split between three parties. The winning team, the Stadium owner and the spectators who rooted for the winning team will all receive $MBS.