Seed Sale of our governance token CSM!
To secure and extend development of the game City States: Medieval, we decided to tokenize the game itself and conduct a Seed Sale during which interested users receive a token (CSM) representing their ownership of the game. This unification of users is called the CityStatesDAO.
CSM token Sale / Seed Round
Total supply: 1,000,000,000 CSM
Early Bird Sale: 32,000,000 CSM - Done
Seed Sale Batch #1: 43,311,944 CSM - Done
Seed Sale Batch #2: 50,000,000 CSM - Cancelled
Seed Sale Batch #3: 50,000,000 CSM - Cancelled
We have conducted an Early Bird Sale in early May 2021 as a surprise for early supporters of the development announced in our Discord server. The offering was on the Stellar DEX CSM/USDC pair and each batch (with rising price up to $0.00125/CSM) quickly sold out.
Seed Sale Batch #1 ran for 1 week starting on June 26th and concluded on July 3rd raising more than $50,000 in the process. ~75 million tokens are now in circulation.
On CSM we have set a sell order at $0.005 (which is 4 times the Batch #1 price). This is to at least partially protect unknowing buyers from buying CSM at 8–10x the last selling price. (the next sell order by a holder is at $0.01). CSM sold at this price will of course contribute to the development fund.
Although we have been contacted by several parties to sell CSM under the table, no tokens changed hands, no commitments have been made and all future requests will be denied as well. Fairness and transparency is key!
We are still considering different options how we distribute Batch #2 and #3 to yield the best results (Dashboard or in collaboration with platforms on ethereum and binance smart chain for added exposure).
Owning and Claiming CSM tokens
C̶S̶M̶ ̶y̶o̶u̶ ̶o̶w̶n̶ ̶i̶n̶ ̶t̶h̶e̶ ̶D̶a̶s̶h̶b̶o̶a̶r̶d̶ ̶a̶s̶ ̶w̶e̶l̶l̶ ̶a̶s̶ ̶a̶n̶y̶ ̶r̶e̶m̶a̶i̶n̶i̶n̶g̶ ̶U̶S̶D̶C̶ ̶b̶a̶l̶a̶n̶c̶e̶ ̶w̶i̶l̶l̶ ̶b̶e̶ ̶w̶i̶t̶h̶d̶r̶a̶w̶a̶b̶l̶e̶ ̶a̶f̶t̶e̶r̶ ̶B̶a̶t̶c̶h̶ ̶3̶ ̶h̶a̶s̶ ̶e̶n̶d̶e̶d̶. Withdrawal and Deposit options for CSM, HEX and USDC were made available shortly after Batch #1 ended. Withdrawal is optional. If you are not well versed in cryptocurrency or haven’t used the Stellar Network yet, you can also keep balances in your CityStates account.
The CSM token was instantly tradable on the various SDEX interfaces since distributed. We have since wrapped CSM on BSC and provide liquidity via Pancakeswap. We are currently considering to wrap CSM on ethereum as well.
Before and after the game has been published, holders of the CSM token can participate in community governance by submitting proposals and participating in polls conducted by the development team.
To prevent micro payment spam, profits generated will be distributed proportionally only to holders of CSM worth at least $10.
Badges/Roles/Rewards and The Burn Promise
Depending on their contribution, backers will receive different badges in their account and roles on Discord. Verification of backers will be ongoing but may be prioritized for after the Sale ended.
Early Bird Sale:
Access to the “Backers Discord development channel” which is closed to the general public. “Early Bird” badge on their game profile and as a role in Discord.
Access to the “Backers Discord development channel” via discord. “Early Supporter” badge on their game profile and as a role in Discord.
The Dude (we use Dude as gender neutral):
Access to the “Backers Discord development channel” which is closed to the general public. “The Dude” badge on their game profile and as a role in Discord. Unlocked for backing the project with combined $1,000+ in crowdfunding campaigns.
Access to the “Backers Discord development channel” which is closed to the general public. “Epic Backer” badge on their game profile and as a role in Discord. Unlocked for backing the project with combined $5,000+ in crowdfunding campaigns. Epic Backers will receive one limited edition Magnus NFT for free as long as supply lasts.
Elite (1%) Backer:
Access to the “Developer Discord channel” with priority access to the Team. “Elite Backer” badge on their game profile. Unlocked for being in the top 1% of token holders by combined value, backing the project with with minimum $5,000+. Elite Backers will receive one limited edition Magnus NFT for free as long as supply lasts.
Access to the “Artists Discord channel”. “Artista” badge on their game profile and as a role in Discord. Unlocked if bought a custom character or submitted own art that was accepted for the game.
The Burn Promise — Stretch Goal
If we can meet the goal of raising more than $500,000 in this Seed Sale (Early Bird and all 3 Batch sales combined), we will burn 10% of tokens held by the team, effectively reducing the max supply by 100,000,000 CSM.
Future Crowdfunding Efforts
We may conduct additional rounds of funding in the future if necessary for development. In this case, the starting price per CSM can not be lower than the final price of the previous round.
We already have plans to start traditional crowdfunding campaigns via kickstarter and indiegogo, primarily for marketing purposes. In these campaigns, no additional CSM will be sold. Backers on these platforms will receive in-game items such as NFTs and other goodies as reward for their contribution.
Visit https://citystatesm.com to register. Receive 250 HEX for free +50 HEX for active referrals and 8% affiliate reward on sales.