Important Community Update
We appreciate your patience and support. We have had to make some necessary adjustments to protect the ecosystem from malicious traders (using sniper bots) as well as ensure longevity of the project is secured.
We acknowledge that the previous token launch events may have caused some concerns and doubts, so we are presenting our plan to make this right and ensure everyone who participated benefits for the long term.
100 Trillion Total Supply (Token Allocation)
• 94%: 94T In circulation (Burn)
• 5%: 5T Liquidity Pool
• 1%: 1T Presale / Old CA / Team
Remaining Total Supply
94% of the total remaining supply of 94T have been burnt.
6 Trillion (Token Allocation)
• 95%: 5.7T tokens LP. (0.7T out of the 95% will be airdropped/burnt)
• 2%: 120 billion tokens
• 2%: 120 billion tokens
• 1%: 60 billion tokens (Locked for 30 days)
Token Rates
• 0.000000035 (new CA starting rate)
• 0.000000035 (airdrop / old CA)
• 0.000000035 (airdrop /presale)
Liquidity Pool Balances
• Old CA LP balance: 44 ETH / 26T
• New CA LP balance: 44 ETH / 5T
Pre-sale Airdrop 0.25T
Tokens paid out from the presale are determined based on an auction.
• Proportion of $3500 ≈ 0.023
• Tokens for $3500 = Proportion of $3500 * Total tokens
For example:
$150,000 (39 ETH) total raised to buy 0.25T tokens at a price of 0.000000035 each, then $3500 (1ETH) receive: ~5,825,000,000 tokens (5.8B)
The payout above is an example for illustration purposes only, the final amount will vary depending on your contribution using the given formula.
Distribution Date | Pre-sale (17/03/24):
Many of you participated in the presale through exchanges and third-party wallets. We aim to return tokens to the wallet you used to send ETH from on 12/03/24, but this process will now be challenging due to PGENZ not yet being listed, and will result in your tokens being permanently lost.
Therefore, a typeform will be issued on 12/03/24, asking users to upload evidence proving ownership of their transactions. Once completed, we will send transfers in batches as they are verified by 17/03/24.
Old CA Airdrop 0.25T
The previous CA contained ~44 ETH out of which ~28 belonged to the LP from the presale, leaving ~16 ETH = ~$60,000
For example:
Calculation is based on the current price estimation and assumes the proportion of the total pooled amount by 1200 wallets.
- Total Tokens Available: 0.25 trillion (0.25T) tokens
- Total Pooled Amount: $60,000
- Price per Token: $0.000000035
$3,500 (1 ETH):
Proportion of total pooled amount: $3,500 / $60,000 = 0.058333
Number of tokens received: 0.058333 * 0.25T = 14,583,333.33 tokens
$350 (0.0002 ETH):
Proportion of total pooled amount = $350 / $60,000 = 0.0058333
Number of tokens received: 0.0058333 * 0.25T = 1,458,333.325 tokens.
$1 (0.091 ETH):
Proportion of total pooled amount: $1 / $60,000 = 0.00001667
Number of tokens received: 0.00001667 * 0.25T = 4,166.67 tokens
If the entire $60,000 was pooled by a smaller contribution from $1 to $350, we would need to calculate the proportion of each individual investment to the total pooled amount. Then, we can determine the number of tokens each wallet would receive based on their contribution, and the amount of tokens left over from the 0.25T allocated for old CA participants.
Distribution Date | Old CA(17/03/24):
Many of those who participated at launch used malicious sniper bots to acquire large quantities of the token supply from the old CA, these will be removed from the list before all tokens are sent to $PGENZ holders.
We will need several days to work this out along with the calculation for each contribution for both old CA / Pre-sale customers.
Any remaining supply will either be Airdropped as a GWG or burnt.
Event Schedule
- Buy Limits Removed: 11th March
- Sales Tax Reduced from 25% to 2%: 11th March
- Token Burn Completed (94% Total Supply): 11th March
- Contract Renounced: 11th March
- Game Launch on: 12th March
- Presale participants receive their Airdrop by: 17th March
- Old CA contributors receive their Airdrop on: 17th March
- Team tokens (30 day lock) of 1% (60b) unlock: 11th April
Depending on your region, some dates may vary by a few hours.
Future Plans
While some may find these changes disappointing, rest assured, your tokens now hold greater value due to improved tokenomics, ensuring a safer and more prosperous future for our project’s long-term growth.
We’ve made considerable effort, rectified errors, and prioritized protecting our supporters to build a lasting relationship. Reduced team token allocation, as well as made sure they remain locked for 30 days.
Our success isn’t tied to presale funds or token allocation. We aim to build a lasting legacy with multiple games and a dedicated community.
We are a young team of individuals under 25, based out of LSE (London, UK). With your support, we aim to achieve our ambitious goals organically.
If you have any questions while the Telegram group is muted for announcements, please complete this FAQ Typeform. We will provide another update to address your concerns.
Frequently Asked Questoins
Why do both old CA / Pre-sale participants have a change in price?
Token allocation and the whole dynamics have been changed due to the sniper bot attack at launch which created a disproportion in token holders.
Why do both old CA / Pre-sale participants now receive coins on 17/03/24?
Presale Participants
Many of you joined the presale through exchanges and wallets. Returning tokens to your ETH-sending wallet poses a challenge as $PGENZ isn’t listed yet, risking permanent loss of your tokens.
On 12/03/24, a typeform survey will verify participation and calculate each presale contribution.
Old CA Participants
Unfortunately, multiple malicious sniper bots were used to acquire large quantities of the token supply which is extremely harmful for the ecosystem.
These will be removed from the list before all tokens are sent to old CA $PGENZ holders. Doing this requires some time, and may also result in additional leftover tokens being burnt or Airdropped.
How to fund liqiduty for CEX listings with such low team allocation?
We will use our current location of 1% (60b) or buy tokens from DEXs.
Why is the Presale/Old CA price different from new CA starting rate?
The initial launch was attacked by malicious sniper bots, we made necessary adjustments to protect the ecosystem from hackers and ensure the project’s longevity. A tough, but wise decision was made to relaunch with improved controls and tokenomics.
Key updates:
- Total supply: 100T tokens, with 94% burned.
- Remaining supply: 6T tokens allocated, with 95% in LP and 1% locked
- Token rates: $0.000000035 for new CA, airdrop, and presale.
- Liquidity pool balances: 44 ETH/26T (old CA) & 44 ETH/5T new CA LP.
- More details can be found in the blog post above.
Will my $150 ETH sent to the Preseale wallet translate to $150 worth of tokens at the determined presale price from the old CA?
If you joined the Pre-sale. You’ll receive your tokens according to the rules set during the initial auction phase. However, due to a significant supply burn (94%) after the hack, the total supply has decreased from 100T to 6T.
The number of tokens you receive will be adjusted proportionately based on the amount of ETH you contributed and the remaining supply of tokens.
Despite this adjustment, the value of each token will be higher than before.
Old CA Presale: 0.0000000109
New CA Launch: 0.000000035
Will I receive less value from the Presale tokens purchased?
NO! Payout is adjusted proportionately to the new total supply, but their value is greater. The new and improved tokenomics are more beneficial as the new presale starting price has been set at the new CA starting price.
Meaning: Presale tokens will now be worth more!
See improvements below.
Rate:
0.0000000109 (Old CA Presale)
0.000000035 (New CA Airdrop)
0.000000035 (New CA Starting Price)
Total Supply:
Old CA Supply: 100T
New CA Supply: 6T
Market Cap:
Old CA: $50–100K
New CA: $500k-$1M
Note: All token holders from the old CA, including those who bought from DEXs will get an airdrop at the improved price and supply by 17/03/24.
