Hope the days are merry and spirits are high. We’ve come today bearing exciting news! Our launch details have been finalized, and we will be ready to deploy soon!
Mint Price: 0.05 ETH on Arbitrum networ(AETH)
Mint Supply: 10,000 Genesis Heroes
Whitelist Mints: 2
Whitelist Mint Date: 21st March 2022, 11:00 am GMT+8, 24 hours
Public Mint: 22st March 2022, 11:00 am GMT + 8
Before diving straight into launch, we would like to explain why we chose to have a paid mint approach.
We have plans to develop an entire working open-world Elleria for a fully immersive experience and proper real-time skill-based gameplay. With the capital raised from the paid mint, we will be hiring more 3D artists and developers to turn that vision into a reality. Please refer to our roadmap in the whitepaper for more details.
- Sunk costs
If you’ve seen the sneak peeks and 3D art assets displayed on Twitter, you must know that it isn’t easy or cheap to develop. To date, the team has been working full-time for months solely on passion while consistently delivering. The team has also fronted other developmental costs such as server hosting, web hosting, marketing and will be fronting smart contract deployment costs.
Did you know: The budget for free-to-play smash hit Genshin Impact was reportedly USD 100 million?
Capital raised through mint will firstly offset costs incurred by the team. After which, the remaining fund allocation is as follows:
60% Allocated to Treasury
20% Allocated to the recovery of existing developmental costs
20% Allocated to the team as profits
Genesis heroes have a minimum amount of stats allocated and will naturally be stronger than heroes minted post-launch. In Elleria, having higher base stats will be beneficial as heroes can complete more challenging quests that emit better rewards.
Regardless of whether the game mints out, the development will carry on. Minting will remain open until all Genesis heroes have been minted. The team sees this game as a long term commitment and will continue to develop so long as players are interested.
In the future, when earning $MAGIC is possible within Elleria, the stats of your heroes will be the main driving force to how much $MAGIC you can make. Genesis heroes will be the cornerstone of earning $MAGIC since they offer higher stats and attributes.
Please note that we are NOT a PFP collection. There will only be 12 types of NFTs in the genesis release (4 classes and 3 rarities). Each NFT will have their randomized stats and attributes.
All in all, we hope you understand the rationale behind having a paid mint. Please leave any questions you might have in the AMA channel in discord.
See you guys in Elleria!