Play-to-Earn Game MonkeyBall Selected as the Launch Partner of StarLaunch
- MonkeyBall to be featured as inaugural flagship partner of StarLaunch’s IDO launch.
- For the sale slated for November 30, 1% of MonkeyBall’s total supply will be available.
- MonkeyBall will set the standard for the top-tier projects set to launch on StarLaunch .
Blockchain technology has advanced the crypto space in ways that can’t be overemphasized. Particularly, the Play-to-Earn (P2E) games that are growing in popularity. MonkeyBall, the Solana-based P2E game has been selected as the launch partner of StarLaunch, a new Solana-based IDO and incubation platform.
Ultimately, MonkeyBall will set the standard for all StarLauch’s future sales, both in terms of the quality of projects and the final result results for participants. According to StarLaunch, picking MonkeyBall comes as an inherent choice for them. This is because of its large community and investor backing as well as its strong foundation as an innovative high-production-value, Play-to-Earn game.
MonkeyBall is offering 1% of its total supply, or 10,000,000 out of 1 billion MBS tokens for the sale which is scheduled for November 30. Comparatively, the price is set to $0.04 per MBS with an implied fully diluted valuation of $40 million. With its native token, MBS championing the MonkeyBall ecosystem, the play-to-earn game is taking the turn-based game feel of Final Fantasy into a FIFA street-like setting — but the soccer players are monkeys. On top of that, players own and control a team of four monkeys who must win soccer matches against other monkey teams. When winning matches, users are rewarded with MonkeyBucks $MBS, the main token that fuels the game economy.
Another way to earn MBS is by completing missions, which means, owning stadiums that host games. Likewise, by attending other matches and cheering for a monkey team. Users can spend MBS tokens to upgrade their monkey team or to buy items from the game’s store. Of note, the game DAO will manage in-game stores and associated treasury which will be governed through the SCORE token. Thus, ensuring transparency and user-ownership of the game. Interestingly, owning MBS at the early stage will also entitle holders to the upcoming MonkeyBall NFT drop of 5000 Gen0 monkeys. These will then be the first usable NFTs for building monkey teams once the game launches. The MonkeyBall IDO on StarLaunch will leverage its unique bi-token participation model.
Additionally, StarLaunch separates the concept of the governance token and IDO access stake, with the former done through $STARS, a deflationary token. Meanwhile, the latter role is delegated to Hydrazine ($N2H4). To clarify, Hydrazine is the “fuel” used to take part in IDOs on StarLaunch, and it is generated by staking $STARS.
Other unique features of the StarLaunch pad include its insurance mechanism, which protects users from complete failures of the project and outright scams. This means that choosing the right projects for IDOs is even more important. Head of Marketing at MonkeyBall, Oren Langberg expresses how happy he and his team are about StarLanch choosing them. He says,
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
Similarly, Aatash Amir, CEO at StarLaunch affirms that,
MonkeyBall represents the future of on-chain gaming. As such we are thrilled to have them as our flagship IDO”, “As one of the most anticipated play-to-earn games out there, MonkeyBall will set the standard for the top-tier projects set to launch on StarLaunch
Conclusively, MonkeyBall discloses that it raised $3M from various venture capitalists and angels, including, Solana Ventures, NFX, iAngels, Longhash, CMS, Republic, Shalom Meckenzie (founder of DraftKings), Yoni Assia (founder of eToro), Shahaf Bar-Geffen (CEO of COTI) and Nimrod Lehavi (co-founder of Simplex).
Read more: https://coinquora.com/play-to-earn-game-monkeyball-selected-as-the-launch-partner-of-starlaunch/
Text source: News – CoinQuora – Latest Cryptocurrency and Block
