GamerToken will begin its Token Sale on September 27th!
“After a year of hard work, we are happy to announce the GTX Token Sale to our community. We look forward to providing the gaming industry with new means of engaging their players and introducing a range of benefits for developers, publishers and gamers.” — CEO of GamerToken, Jens Knauber.
The Token Sale will happen through the Token Foundry platform and in order to be eligible to participate in the GTX Token Sale, users will have to complete the registration process confirming their knowledge and understanding of the GamerToken ecosystem with a simple questionnaire.
Working with Token Foundry, GamerToken has adopted a ‘proof of use’ policy which will require users to actively participate in the Marketplace and GamerToken ecosystem. There are multiple ways to achieve this:
- Purchasing a digital asset such as a non-fungible game item.
- Voting in asset design contests.
- Contributing to crowdfunding proposals in the Marketplace.
The proof of use will be enforced by a smart contract, ensuring that all contributors are future users of the system and contributing to the growth of the GamerToken platform.
The total GTX token supply will be 1,000,000,000 (1 billion) tokens. 50% of the total supply (500,000,000 GTX) will be available to contributors during the Token Sale. The remaining GTX supply will see 21% (210,000,000 GTX) put towards Strategic Partnerships, which includes developer grants that allow us to form mutually-beneficial partnerships with developers of all sizes. 15% will be reserved for the project founders and team. The treasury and operational costs will be covered by a 7% allocation of the tokens; and the final 7% will be allocated to the GamerToken’s advisors. The Token Sale will be based upon a dynamic pricing model, which you can learn more about here.
- GTX Token Sale begins September 27th, 2018.
- The Token Sale will be hosted by our partner, Token Foundry.
- In order to transfer GTX, contributors will be required to prove their use of the token within the GamerToken Marketplace.
- 50% of the total token supply will be available for the Token Sale.
Our Token Sale adheres to the Token Foundry’s Standards for Consumer Tokens, which provides a framework for selling consumer tokens and launching decentralized networks in a way that directs the tokens offered in the sale to actual users of these networks.
For more information about Token Foundry’s Consumer Token Standards, please follow the link below:
With our Token Sale coming up in the next few weeks, we encourage you to learn more about our project through our White Paper and our Medium blog. We will be releasing new articles in the lead up to our Token Sale that will explain the Token Foundry platform’s registration and Know-Your-Customer (KYC) process in more detail. We will also be providing step-by-step tutorials for blockchain and Ethereum beginners, so keep an eye on our social media channels and stay tuned by joining the GTX Telegram Community.
All details of our Token Sale, such as dates and contribution requirements are subject to change at the discretion of the GamerToken team.