Embracing the Future: RLTM Token Listing Journey
I am Maciej Burno, the CBDO of Reality Metaverse, heading the Reality NFT project, and its co-founder. I am excited to share the recent developments surrounding our project and the listing of our tokens on various top crypto exchanges. We have been working tirelessly to bring sustainability to the P2E ecosystem, and we are proud of our progress so far.
Our launch was a significant milestone, and we are grateful for the overwhelming support we have received from our community. Although the RLTM token listing was met with great enthusiasm, we acknowledge that it was not without its challenges. As with any pioneering venture, we encountered several issues that required immediate attention. We have taken a proactive approach to address these problems, and I would like to highlight them in this article.
THE GOOD
First, let’s talk about what I consider a success:
Exchanges: The listing of RLTM tokens on crypto exchanges is a crucial aspect of our journey, as it will provide our community with a secure and accessible way to trade, invest, and participate in the growth of our platform. We understand the importance of transparency and trust in the world of cryptocurrencies, and we are committed to upholding the highest standards of security and compliance. Due to that, we launched Tier 1 exchanges on the day of listing to ensure success. Exchanges such as MexC and Gate are tough to launch during IDO, while Bybit went a step further and allowed IDO, while Kucoin opened its Spotlight feature — for the first time in almost eight months — to feature the Reality NFT project. After listing, a couple of exchanges added us, such as HotBit, Poloniex, and CoinEx, and we are working on adding additional ones.
Launchpads: Looking back at our token launch on April 11, we take pride in the remarkable success we achieved through our collaboration with top-tier crypto launchpads, including ByBit IDO, Poolz Finance, Spores Network, GameFi, RedKite, Infinity Pad, BSC Station, and GameStarter. These strategic partnerships played a vital role in garnering attention and support for our project, leading to a complete sell-out of all allocations. It signaled that if we properly execute and keep building, the community will be very supportive of the growing Reality NFT platform.
Trading Volumes — my colleague — Tomek Partyka writes about Tokenomics and the volumes in his article explaining our vision for the token. I want to add that we have seen consistently high trading volumes, and we are pleased to note that they have maintained a steady pace, with approximately $1 million in daily trading volumes.
Landlord GO — we have tested the integration between Landlord GO and Reality NFT, and I am happy to announce that it works! This has never been done in the blockchain — connecting web2 mobile games and transferring in-game transactions into the web3 blockchain platform. In our soft launch, I am noticing an excellent potential for high APR for NFT owners, further solidifying the value proposition of the Reality NFT ecosystem.
THE BAD
In the spirit of transparency, I can acknowledge that not all aspects of our project launch went according to plan, and the Reality NFT team has identified areas where we fell short. After the launch, we encountered significant selling pressure for the RLTM token, which led to a price drop below the listing price.
The primary challenge we faced was of a technical nature. Following the project launch, the Reality NFT website experienced performance issues, making it nearly impossible for users to purchase NFTs using the token or claim royalties. That led to almost no buying pressure for the token. We were aware of these issues and worked to address them; however, due to the token’s limited utility at the time, we consider the launch to have been a soft launch.
MOVING FORWARD
Moving forward, we have devised a strategy to restore and enhance the value of the RLTM token. As of today, we have improved the website’s speed by over 80%, and in the near future, we will be releasing major new content in the form of loot boxes. Once the technical issues have been fully resolved and tested, we plan to restart our marketing campaigns and announce NFT marketplace partnerships with leading NFT platforms. Additionally, as stated in the whitepaper, FIAT revenues from Landlord GO will be transferred into RLTM ecosystem further supporting the buying pressure of the RLTM token. In addition, we are working with our exchange partners to enable staking with very high APR, increasing the potential for the RLTM token owners to double their returns.
We are committed to learning from our past mistakes and iterating on our project to deliver the best possible experience to our users. With these strategic initiatives in place, I am confident in the Reality NFT team’s ability to strengthen the Reality Metaverse ecosystem and bring the RLTM token to its deserved valuation.
