Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Kingdom Quest Launches Token IDO on Poolz

Panama City, Panama, 18th August, 2022, Chainwire

Metaverse game Kingdom Quest is launching its Initial DEX Offering (IDO) on Poolz. The event, which commences on August 19, gives the public an opportunity to acquire the KGC token that will fuel the Kingdom Quest economy.

During the course of the IDO, the KGC token will be priced at USD 0.0022, with 20% issued to buyers upon sale completion and the remainder linearly vested over six months. Following the Poolz IDO, the KGC token will have a market cap of USD 651,000.

The KGC token will power an array of interactions within the growing Kingdom Quest ecosystem. KGC will play a key role in all four games operating under the Kingdom Quest title, giving it broad utility. The token will also be used in any subsequent games that are developed with the Kingdom Quest brand.

Careful consideration has been applied to the tokenomic design of KGC with the goal of ensuring a robust and sustainable in-game economy. In doing so, the Kingdom Quest team is confident it can avoid the inflationary mistakes that have impaired many Play-to-Earn games.

The KGC token can be used for:

  • Exchange
  • Purchasing in-game resources
  • Marketplace trading for NFTs
  • Crafting NFTs with shards (e.g. Mystery Chests, Mystery Bottles)
  • Enhancing NFTs (e.g. Heroes)
  • Staking for powerful privileges and rewards including early access to NFTs for upcoming games

KGC will be distributed via a weekly leaderboard and its reward pool will extract a fixed amount of tokens from play-to-earn allocation to reward players. This means the maximum amount of tokens released every week is under control, despite the ever-increasing number of participants. This is a key factor to preventing inflation. In addition to a rewards pool that dynamically adjusts as the number of players changes, Kingdom Quest features Safe Gaming protection. This means that all gameplay is computed and monitored by the server’s anti-cheat mechanism.
 

Kingdom Quest’s business entails deriving revenue from in-game activities including crafting NFTs, enhancing NFTs, and buying model resources. It also accrues fees from trading activities on its native marketplace and from NFT sales. Most of this revenue is diverted back to the reward pool, with a tranche of tokens distributed as rewards for users in special events, tournaments, and seasonal activities. A final portion of tokens is reserved for ecosystem-expanding activity and development team.

About Kingdom Quest

Kingdom Quest is a free to play blockchain game that’s designed for casual gamers. It was conceived with the goal of onboarding people to web3 and showcasing the powerful way in which its underlying technology can be leveraged to provide entertainment and foster shared experiences.
 

Contacts

  • Cecillia
  • Fourla 4 Global Inc
  • [email protected]

NEWS RELATED

This Week in Coins: Bitcoin, Ethereum Escape Broader Market Slide

BTC and ETH are flat for the week, while other top coins suffered bigger losses and the crypto market fell back below $1 trillion.

View more: This Week in Coins: Bitcoin, Ethereum Escape Broader Market Slide

Aequinox Runs Token Sale on P2PB2B

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. The token sale session for Aequinox has already started on the P2PB2B exchange. The tokens can be purchased until October 8, along with joining the project’s community. The token sale will be followed by a listing ...

View more: Aequinox Runs Token Sale on P2PB2B

The RLWC 2021 is Coming Soon, CoinEx Cheers for Athletes as the Exclusive Cryptocurrency Trading Platform Partner

The Rugby League World Cup (RLWC) 2021 is set to kick off with a match between England and Samoa men on 15 October at St James Park and conclude in Manchester with the wheelchair final on 18 November and the men’s and women’s finals in a spectacular double header ...

View more: The RLWC 2021 is Coming Soon, CoinEx Cheers for Athletes as the Exclusive Cryptocurrency Trading Platform Partner

Battle Infinity Play-to-Earn Game Staking Launches Successfully – Can it Trigger IBAT Price Pump?

IBAT TVL Reaches $4 Million – Source: Battle Infinity Twitter Over a billion IBAT has been staked on the Battle Infinity platform since the staking program’s remarkably successful launch. Since there will be significantly fewer IBAT available for sale on the market, it’s seen as incredibly positive for the token price. ...

View more: Battle Infinity Play-to-Earn Game Staking Launches Successfully – Can it Trigger IBAT Price Pump?

‘Ethereum Killer’ Solana Suffers Another Major Outage

The popular blockchain has suffered a handful of outages and transaction stops this year, including a string of partial outages in January.

View more: ‘Ethereum Killer’ Solana Suffers Another Major Outage

Shiba Inu Fanbase Awaits Eternity Download Event – Will It Boost SHIB Price?

The original release of the blockchain implementation of Shiba Eternity occurred in Australia on September 17. Shiba Inu followed the larger market sell-off that began on September 13 and rallied nearly 7% from September 17-18. During this time span, the rally did not significantly alter market sentiment. New information ...

View more: Shiba Inu Fanbase Awaits Eternity Download Event – Will It Boost SHIB Price?

SEC Must Turn Over Emails About Ethereum—But It Won’t Help Ripple, Lawyers Say

Amid an ongoing $1.3 billion lawsuit with Ripple, a judge has ordered the SEC to hand over internal emails regarding the regulatory status of Ethereum.

View more: SEC Must Turn Over Emails About Ethereum—But It Won’t Help Ripple, Lawyers Say

XRP Price Rallied By Double Digits, Will Buyers Defend This Level?

The XRP price has increased significantly in the past 24 hours. The coin registered over 10% growth in the past day. Over the last week, the coin brought in 10% appreciation as well. Overall, XRP bulls seemed to take control of the charts. The coin could slowly attempt to ...

View more: XRP Price Rallied By Double Digits, Will Buyers Defend This Level?

Is Bitcoin Really Decoupling From Stocks? Experts Weigh-In

Tamadoge Meme Coin Up 30%, Flips Doge Dash, Hoge Finance, Pitbull, Shiba Predator, Vita Inu

Paraguay Senators Reject President’s Bitcoin Mining Law Veto

SEC Charges Crypto Firms for Alleged Scam With 'Gold-Backed' Ethereum DIG Token

CFTC Sues Founder of Crypto Exchange Digitex for Pumping Token, Failing to Register

Solana (SOL) Holds Its Gains While Most Coins Bleed

Bitcoin Slowly Trends Upwards Into $20,000, Will The Monthly Candle Turn Green?

T-Mobile Parent Deutsche Telekom Launches Ethereum Validator, Staking Support

Trade Activity Shows Ethereum Whales Are Seeking Refuge In Stablecoins

Crypto Fraudster Who Swindled Victims out of Bitcoin and ETH Gets 5-Year Jail Term

Here’s Why October Will Be Bullish For Cryptos

Which Cryptos to Buy for Best Returns – TAMA, XRP, ADA

OTHER NEWS

Breaking thailand news, thai news, thailand news Verified News Story Network