Spielworks, a leading blockchain startup specializing in gaming and decentralized finance (DeFi) solutions, announces the upcoming public sale of its $WOMBAT token. Slated for July 27, the event will see the company offer 300 million $WOMBAT, or three percent of the token’s hard-capped maximum supply of 10 billion, to gamers and investors looking to join its blockchain gaming ecosystem.
Blockchain has opened a new opportunity for video game developers, empowering them to build worlds where users can exercise full and verifiable ownership over digital assets. Even amid the ongoing bear run, the gaming sector of the blockchain space carries on all but undented, indicating a strong user and investor interest. With the decentralized gaming industry poised for more growth as it expands to include AAA titles and enters mainstream platforms, its rise could make the next milestone for the traditional gaming industry.
Spielworks has built one of the fastest-growing blockchain gaming ecosystems in the market, featuring a total of 2.6 million signups and 65,000 daily users. The ecosystem incorporates its multi-chain non-custodial Wombat Wallet, crypto rewards platform Womplay featuring 40 AA and AAA supported titles, and a Top 20 NFT staking game Wombat Dungeon Master counting 700,000 staked NFTs.
The $WOMBAT utility and governance token, unveiled earlier this year, will hold a wide array of use cases within the ecosystem, enabling users to purchase a variety of assets and services. In the upcoming public sale, the company will offer the token to gamers and investors at 0.006 USD per one $WOMBAT, with a cap of 2,000 USD worth of $WOMBAT per user/wallet. To take part in the public sale, the prospective investors must complete a Know Your Customer check and join the whitelist. The vesting period for the public sale is three months.
The token is initially released on the Ethereum blockchain, transferrable to other supported networks via cross-chain bridges. The public token sale, however, will take place on the Polygon POS blockchain. Besides the public sale, gamers will be able to earn the token through community rewards for various actions within the ecosystem. While a total of 30 percent of $WOMBAT’s maximum supply has been allocated to community rewards, their size will gradually decrease over time.
“We are thrilled to invite gamers and retail investors to join our fast-growing ecosystem,” says Adrian Krion, CEO of Spielworks. “For most crypto projects, the IDO is a way to fundraise for building whatever they plan to build, it is a seed or even a pre-seed round, in traditional terms. We have already built our portfolio of products and services, everything is up and running. Our next goal is to hyperscale our growth, and that is what the public sale is meant to deliver. We are excited to see the community interest ahead of the event and look forward to bringing our platform to the next level together with blockchain gaming enthusiasts.”
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Source: https://thecryptobasic.com/2022/07/12/spielworks-announces-the-public-sale-of-its-wombat-token/?utm_source=rss&utm_medium=rss&utm_campaign=spielworks-announces-the-public-sale-of-its-wombat-token