Space Misfits has officially started its IGO!
The AAA-level 3D Multiplayer space shooter teamed up with four different launchpads: Seedify, EnjinStarter, PaidIgnition and Trustpad. The rounds on Seedify and Trustpad debuted last January 15 and closed within minutes after a successful public offering. Enjinstarter and Paid Ignition are up next on January 17!
The Space Misfits Gameplay and Tokens
Space Misfits brings an exciting and intense action space game to the blockchain. You can explore new worlds, battle it out for scarce resources, build your fleet and earn a fortune in space. The game supports two native tokens which are crucial for gameplay: BITS and Crown ($SMCW). Users need these tokens for game gees and purchases so it serves as the backbone of the ecosystem.
SMCW is the governance token of the game. Users can earn it via staking, participating in-game tournaments and events, NPC drops, faction powerplays, and completing missions. Down the road, you will be able to buy it on DEXs.
The team is encouraging long-term investors and serious players to purchase SMCW. Holding the token will give them the power to influence future roll-outs. Plus, over time, they are likely to become more valuable than BITS since there will be far fewer of them issued than the BITS.
Meanwhile, BITs will ct as the first utility token in the game. Users can earn them through the various proof of work gameplay modes like daily quests or tasks. So it actually represents a player’s time spent grinding making it the base in-game currency of Space Misfits. Inversely, players will burn BITS through activities such as refueling, storing and repairing ships in the hanger.
About the Tokenomics and IGO Offering
With the IGO, 200 Million tokens are up for grabs at a listing price of $0.16 per token. The team positioned $SMCW as a rare token because only 3% is available for sale during the IGO. The rest of the supply is being held back for players to earn in the game. Then, the treasury fund is retaining 20% of the supply to fund the game’s operations.
- Token Name: $SMCW
- Total Supply: 200 000 000
- Initial Mcap: $656K
- IGO Price: $0.16
- Vesting: 25% at TGE, then 25% each month for the following 3 months
The reception is incredible and the gaming community is praising the team for the token allocation. For most, it is a good sign that the project is only reserving 6% of the supply to advisors and 15% to the creator James Stem Studio.
After the IGO, the play-to-earn capabilities will be fully functional! So users would have the opportunity to explore the multiverse alongside other Misfits and earn throughout the galaxy.