Gold Fever Updated Tokenomics
The Gold Fever token generation event (TGE) is almost here! Given the overwhelming interest and support shown by our investors, community, and partners, we have decided to update our previous token metrics slightly. We believe this decision will be beneficial to everyone involved in our project.
The following article will offer our community all the latest details about sale stages, prices, allocations, and vesting periods. We want to ensure that everyone has all the information needed to make a conscious decision regarding buying and holding $NGL.
The basics behind $NGL
Built on the Ethereum blockchain, $NGL is the main in-game currency of the Gold Fever universe. Used as the medium of exchange for services/goods between players, $NGL is also the standard that defines the value of all in-game gold and NFT items.
As an ERC20 token, $NGL has value beyond the Gold Fever economy and will be interchangeable with other tokens and currencies beyond the game. It can also be staked and/or burned to unlock certain in-game privileges, including access to events, rare NFT items, increased passive rewards, and higher privileges within a guild.
Summary
Token: Native Gold ($NGL)
Total Supply: 170,000,000
Initial Market Capitalization: $1,800,597 (12,417,911 NGL at 0.145)
Sale Stages
Seed Round
Fundraised: $612,000
Price: $0.06
Lock-up: 10% on TGE, three months cliff, then 3.60% on a monthly basis
Angel Round
Fundraised: $646,000
Price: $0.10
Lock-up: 10.07% on TGE, three months cliff, then 3.91% on a monthly basis
Venture Capital Round
Fundraised: $2,551,275
Price: $0.145
Lock-up: 10.07% on TGE, three months cliff, then 3.91% on a monthly basis
SEED SHO
Fundraise: $105,000 + $5,000 Community Round
Price: $0.145
Lock-up: 20% on TGE, then 20% on a quarterly basis
Token distribution
Mining: 43,85% (2% per month for 11 months; then 5% monthly with last month at 3%; adjustable by governance)
Team: 15%(10% after 6 months; then 15% after 6 months, then 15% quarterly)
Staking liquidity and incentives: 10%(18,875% TGE, then 2.55% for 5 months, then 3%/month for 6 months, 3.875% for 13 months)
Marketing, acquisitions, and licenses: 5.55%(59.5% at TGE, then 5% quarterly in year 1, then 12.75% for 2 quarters in year 2)
Partners, Advisors, and consultants: 5%(10% after 6 months, then 20% after 6 months, then 20% quarterly with last quarter at 10%)
Venture capital (VC) round: 10%
Seed round: 6%
Angel investors round: 3,8%
Strong Holders Offering (SHO): 0,45%
Vesting Schedule
Updates to the token release plan
We created for our seed, angel and VC token buyers a vesting contract from where the tokens will be released block by block for the same period of time used in the original plan. The only difference is that there won’t be anymore bulk releases monthly.
The wallet releasing the tokens is 0x8b751530fd5fd6f4fda639dee4dc215144f1b799
For those that purchased the tokens from DaoMaker, they will receive their tokens from DaoMaker’s vesting contract.
About Gold Fever
Gold Fever is a challenging free-to-play RPG that leverages the power of the blockchain with the creation of a decentralized economy.
Gold Fever, in its essence, is a thrilling and addictive online multiplayer video game, mirroring the physical world into the digital one and allowing players to take actual ownership of scarce in-game items through Non-Fungible Tokens (NFTs)
The Gold Fever economy is a junction of many moving parts that are dynamically adjusted. in Gold Fever, all participants have a seat at the table. Being able to vote and to dictate the future of the game through the governance token. Used for proposals on how to improve/evolve this digital world economy.
Do not miss your chance to join us in the rush for gold. Follow us on Telegram, Twitter, and Discord.
