PGENZ Airdrop (Pre-sale)
Contents
- Team supply reduced to 0% token allocation.
- Airdrop amount adjusted proportionally to the new maximum supply.
- Presale token allocation doubled from 5% to 10% of total supply.
- Presale Airdrop now accounts for 60% of the remaining supply.
- Old DEX Airdrop adjusted to 40% of the remaining supply.
- Maximum supply distributed, 100% tokens allocated for circulation.
- Sales Tax of 2% allocated for airdrop to Presale participants.
- Presale participants get rare NFT airdrop in April (in-game upgrades).
- Pigeon Park V.1, played by over 3500 gamers, sets the stage for a parabolic launch of V.3 (Web3) after April.
Tokenomics Adjustment
To enhance tokenomics for DEX listing, we burnt 94% of the 100T token supply, proportionately reducing presale token allocation.
• 5% of 100T = 5T
• 5% of 6T = 0.3B
With fewer tokens available, the presale allocation will now be proportional to the ETH contributed to the pool of 0.3T (5% supply) tokens. However, the amount of ETH and tokens locked in LP created an imbalance in presale token value after DEX listing.
Therefore, we have doubled the allocated supply for presale participants to 0.6T (10% supply) and forgone team tokens, as well as taking the following steps to ensure fair distribution of tokens:
Supply Adjustment (100T)
- Original Supply Burnt (94T): 94,000,000,000,000
- New Total Supply (6T): 6000,000,000,000
- Locked in LP (5T): 5000,000,000,000
- Remaining Supply (1T): 1000,000,000,000
Token Allocation (Remaining 1T)
- Team (0%): 0
- Presale Airdrop (60%): 600,000,000,000
- Old DEX Aidrop (40%): 400,000,000,000
Pre-sale Airdrop: Click Here for Detailed Payout Breakdowns
Frequently Asked Questions
Why were the tokenomics changed?
Due to liquidity imbalance in the old LP, the token was undervalued, with purchases limited to $1-$350 for most supply, quickly bought by bots controlling the token supply. The new LP and token burn enable larger buy-ins, positively impacting token valuation.
Why is the Presale price higher than the current price?
Only 5% (0.3T) tokens were in the presale. The raised LP amount, 44ETH, was insufficient, leading to a lower DEX listing after adding the remaining 95% (5T) tokens in LP. We’ve now increased the presale allocation to 10% (0.6T) of total supply (6T) to boost Airdrop payouts for 530 participants:
Old CA (5% 5T)
• 5T Presale Price: 0.0000000109
• 5T DEX Price: 0.000000001
• Difference: -90.89%
New CA (5% 0.3T)
• 0.3T Presale: 0.000000652
• 0.3T DEX Price: 0.00000011
• Difference: -83.13%
New CA Presale Bonus (10% = 0.6T)
• 0.6T Presale: 0.000000344
• 0.6T DEX Price: 0.00000011
• Difference: -66.26%
Doubling the payout has improved valuation by ~30%, and the adjustments facilitate price appreciation on the DEX compared to the initial listing.
What are we doing to provide more value for Presale wallets?
Although we’re not accountable for token value tied to market dynamics, we stand committed to delivering our promised Web3 game, anticipated to be embraced by many. If you joined the Presale to support us long-term, then you are in for a treat as we continue to deliver and find more success.
Since Pigeon Park V.1 launched two days ago, over 3500 played the game. With Web3 (V.3) coming this summer, we are set to be at the moon.
However, we value our supporters and to avoid any hard feelings due to adjustments. We’re offering the following for Presale participants:
• Team allocation transferred to presale wallets reducing to 0%.
• Marketing/Burn allocation transferred to presale wallets.
• Adjusted allocation for Old DEX airdrop.
• Sales Tax Airdrop to Presale participants.
• NFT Airdrops (April)
Updated Token Allocation (Remaining 1T)
• Team (0%): 0
• Presale Airdrop (60%): 600000000000
• Old DEX Aidrop (40%): 400000000000
More than doubling the allocated token payout from 0.3T to 0.61T tokens.
Important: Due to total supply limits, token burn, and locked LP supply, no additional tokens are available. The max. supply allocated for airdrops.
Sale Tax Aidrop
Pigeon Park collects a 2% sales tax to be awarded to gamers as a reward, this is being collected for V.3 (Web3) release due after April. Meanwhile, we’ll airdrop 100% of the unused amount to presale participants who hold their tokens until 30/04/24 . Currently, over 100B tokens collected.
NFT Airdrop
All presale participants will receive 1/1 NFTs that will enable rare upgrades within the game enabling easier higher scores to earn more PGENZ. These NFTs will also provide holders to live events and lifestyle experiences in conjunction with partners. More details to come.
Why is the Presale price not fixed to the new CA starting price?
Fixing the presale price to the starting price, as previously suggested, would have resulted in over 6T tokens, twice the total circulating supply:
• Total amount raised: $210,860
• Suggested price: $0.000000035
• Airdrop (amount raised/price): 6,024,571,428,571
• Total Available Supply: 6,000,000,000,000
Since this is not possible, we’ve aligned presale allocation with principles advertised for the March 9th sale, resulting in:
• 300B (5%) allocation which is now increased to 600B (10%).
• New Presale value: $0.00000034
How to compensate Old DEX participants?
Over 1200 participants joined the Old DEX listing, with many using malicious sniper bots for $1-$350 purchases, buying up most of the supply.
Once those bots are removed from payouts, 40% of allocated tokens will be distributed proportionately. Due to the challenge of differentiating wallets, this airdrop now follows the Presale airdrop on Tuesday, March 19th.
Could there be further improvements to tokenomics?
We acknowledge there could have been further improvements for DEX listing to align the Presale price. However, to maintain the advertised principles, we implemented identical rules on a smaller scale.
When will Presale participants get the NFTs and Sales Tax Airdrop?
- NFTs will be airdropped to Presale participants on April 15th, with details of their utility in the upcoming Web3 version of the game.
- Sales Tax will follow on April 30th post review of token value.
TLDR:
- Team supply reduced to 0% token allocation.
- Airdrop amount adjusted proportionally to the new maximum supply.
- Presale token allocation doubled from 5% to 10% of total supply.
- Presale Airdrop now accounts for 60% of the remaining supply.
- Old DEX Airdrop adjusted to 40% of the remaining supply.
- Maximum supply distributed; 100% tokens allocated for circulation.
- Sales Tax of 2% allocated for airdrop to Presale participants.
- Presale participants get rare NFT airdrop in April (in-game upgrades).
- Pigeon Park V.1, played by over 3500 gamers, sets the stage for a parabolic launch of V.3 (Web3) after April.
