Newsletter #3 | A message from CEO Tuan Nguyen
Dear Invaders,
First and foremost, I would like to thank everyone who has supported Space SIP, including our players, investors, advisers, partners, and the whole Space SIP team. Everyone has helped to make Space SIP what it is today. That is something I truly respect and value.
It has been more than 6 months since the first day Space SIP was introduced to the community, and nearly 4 months since the $SIP token was officially listed and then received significant support and good response from the community. It’s not long, but it’s not short either for a crypto project, especially a GameFi project like Space SIP. We have joined forces to create a wonderful Space SIP project with successes that not all crypto projects can achieve.
And for me, that’s just the beginning.
I still want, and will always want, to work with my team, advisers, partners, and all of you to create an even larger and more enduring Space SIP.
That’s the reason I’d like to share some thoughts on what’s going on, particularly in relation to Game Version 1.3, in the hopes that we share the same vision and passion for the future Space SIP.
The update V1.3 is not just any ordinary update. As you know, there have been 15 updates to Space SIP Game so far. Previous upgrades always included new features; however, the update V1.3 did not.
Game V1.3 brings stability to the token flow of Space SIP.
As you are all aware, last month we made the difficult choice to adjust our Private Sale distribution plan. This caused lots of challenges for us when our team had to explain and persuade Private Sale investors, who had trusted Space SIP from its beginning. However, with the understanding of professional investors, and their support for the long-term development of Space SIP, our wonderful investors have accepted the solution to postpone the distribution schedule for 3 months starting from January, 2022. For that, I once again express my deep gratitude to the Private Sale investors of Space SIP.
Please notice that the majority of $SIP tokens now flowing into the market are those earned through playing game. There were days when more than 1.8 million $SIP tokens were withdrawn from the reward pool daily.
The amount of those tokens being withdrawn is the project’s lifeblood.
I expect we all can agree with a fact that tokens now in the project pool do not belong to the development team, any individual, or organization, but rather to the Space SIP project itself. It is used to support and expand the Space SIP project. The development team’s total $SIP is only 15% in tokenomics, which is locked for 12 months and will be vested in 24 months. This has been audited and validated, and you may check it at any time.
So, I want to emphasize one more time, the quantity of tokens withdrawn from daily Play To Earn activities is the lifeblood of the Space SIP project.
The same is true for every GameFi project.
And as you know, lots of GameFi projects have died because they didn’t manage to balance their lifeblood. Many projects noticed this and made modifications, but it was too late when the quantity of tokens in the project fell below the necessary level.
Some projects chose to make it easier by creating a new token with limitless quantity. However, an endless amount of lifeblood will be useless if the circulation is not balanced.
$SIP quantity is limited.
Until the end of the world, only 1 billion $SIP tokens will ever be minted, and with the project’s burning mechanism, there are now only 998,817,942 $SIP tokens in this planet.
That’s why $SIP is extremely valuable.
If we simply focus on building new features and attracting new customers while ignoring the balance of $SIP lifeblood’s flow, the project will quickly die as a result.
And the update V1.3 is one of the things that distinguishes us from dead projects. With Version 1.3, we established a firm basis for the balance of Space SIP right from the start. And, in particular, this balance maintains the project’s “earning” aspect. With a quick calculation, you can see that the cost of NFT is far lower than the quantity of $SIP tokens you earn. The amount of $SIP you spend on Mystery Box or NFT Revive will be credited into the reward pool to help circulate the project’s lifeblood.
And, once again, this is just the beginning.
Space SIP is proud that we always follow the stated plan and roadmap. Fusion, Skills, and PvP functions are now under development, and you will soon have details on these much-anticipated features. At that point, you’ll have more options in reviving an NFT and earning $SIP tokens from the game’s exciting activities. With the Space Chain that we are building, you will be able to play a blockchain game with zero gas fees.
Furthermore, SIP Defi is a very significant aspect of the Space SIP Metaverse ecosystem, including staking pools, farming pools, LaunchPad… These are crucial features that bring you huge profit.
More than everything, we are always listening in order to adjust and enhance the features to meet the demands of the community and keep up with the development of the market.
All of the above will bring joy, profit and a solid foundation for the long-term development of Space SIP and for all of us.
You might be thinking, “How long does ‘long-term’ mean?” As you can see, we have put out a 5-year roadmap from the beginning of the project introduction, especially because we already have a comprehensive strategy for this 2022. I look forward to completing it with you all.
To that end, we hope you will share our vision and join us on the open road ahead.
13/02/2022
CEO Tuan Nguyen
ABOUT Space SIP
Space SIP utilizes NFT technology to create an unparalleled gaming experience for users in which they can build space-ready battleships to pit against extraterrestrial foes in a new universe of interactive, intergalactic warfare. The game is developed by a team with 10+ years of experience in software development combined with 5 years of working on blockchain. We are proud to bring the best gaming product to the community!
Learn more about Space SIP:
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