Crypto Galaxy INO is coming! How to participate in INO and stake Genesis NFT to earn $BOX?
Crypto Galaxy (CG) is an SLG and strategic game built on BNB Chain. You can read our doc for detailed information: https://crypto-galaxy-1.gitbook.io/crypto-galaxy/
(It is not finalized. We will keep updating and reserve the right to modify it.)
How to Play?
Its gameplay experience is similar to auto chess, which combines strategy and playability.
After setting up a digital identity, gamers can purchase, upgrade, and cultivate planets. Also, gamers can build and develop their Planet Alliances to start a fantastic journey of Galaxy Exploration.
By deploying various strategies, including building upgrades, troop production, exploration, bidding, etc., gamers can obtain as many resources as possible and build their civilization, technology and troops to prepare for clashes with new civilizations.
Genesis NFT
The CG Genesis NFT is named after Arrakis, the planet that produces the critical Spice Melange resources in the novel Dune. It is worth mentioning that Crypto Galaxy also echoes the Spice Melange in the game design.
The total supply of Arrakis NFT collection is 1,000, of which 750 will be dropped in this INO event. The remaining 250 will be used for initial marketing and our “Liaison Officer Recruitment” campaign.
The INO will last for 3 days, from 12:00 PM (UTC) on Aug 1st to 12:00 PM (UTC) on Aug 4th.
After getting your Arrakis NFT, it is suggested to stake it on the Crypto Galaxy official website’s staking page. The most crucial function of Arrakis NFT is to farm 2% of the total $BOX for early supporters before the game launch.
The Genesis NFT farming will last for 10 days. Don’t miss the time window, or you will lose the chance to make the best use of Arrakis.
$BOX’s function and its initial circulation
$BOX is the core governance, function and reward token in Crypto Galaxy, playing a critical role in the whole Crypto Galaxy ecosystem.
$BOX has an 18% transaction tax, of which 5% will be added to LP on DEX, and 5% will be exchanged into XVS and goes to the rewards pool. Another 4% goes to the team, 3% goes to the inviter of the corresponding commander, and 1% of $BOX will be burned.
Commanders can get corresponding dividends by staking $BOX. They can also obtain vBOX credentials by staking $BOX to participate in protocol governance. The weight of vBOX depends on the amount and time of the staked $BOX. The longer the staking time, the greater the number of vBOX. It should be noted that vBOX cannot be transferred. If you want to exit before the designated date, a staking exit fee will be charged.
The protocol revenue allocated to vBOX includes a certain percentage of transaction tax and fees charged in various gameplay such as Discovery, Collision, Cultivation, Galaxy Auction, Occupy Stars and NFT marketplace royalties.
The initial supply of $BOX is 10 billion, and before the game launch, the circulation percentage is 5.5% of the initial supply, which is 550 million $BOX, specifically:
Arrakis NFT farming (2%) + airdrop (1.5%, a total of 3% of $BOX is distributed for airdrop activities, half of which is claimable after Arrakis NFT mining ends and before the game launch) + initial liquidity (1%) + marketing (1%).
Among them, 2% comes from the Genesis NFT farming and will be distributed linearly to the commanders who participate in INO and stake their NFTs in 10 days.
This means the early INO supporters of Crypto Galaxy will receive 36% of the $BOX tokens in circulation before the game launch, and they can stake these tokens to gain an early advantage after the game goes live.
As to the $BOX that will not go into circulation in the secondary market in the early stage, 62% of the total supply will be used for P2E reward distribution.
$BOX will be inflated by addition 2 billion in supply annually after the game goes live for one year. $BOX holders can also adjust the inflation rate through governance.
Check out Crypto Galaxy Doc for more details about the game.
Stay tuned!
CG
27/07/2022
