The Cryptia team is already nearing the end of our game development phase, and we are now testing our blockchain platform. Our IDO is planned for early October and I bet all of our fans are counting down at the moment. Soon, gaming enthusiasts will be able to experience the World of Cryptia with all of its stunning visuals and addictive gameplay, together with a dynamic and liquid NFT marketplace.
Let’s have a look at our tokenomics and see what’s on offer for you!
- The two types of native tokens:
- CRYPT tokens
Cryptia’s main native token is named CRYPT, with the total supply being limited to 500,000,000 tokens that can be purchased on Binance Smart Chain. We have a hard cap of $3,000,000 — the majority of which we expect to raise from the private sale round with $2,300,000. The seed round and public sale round will be worth approximately $350,000. The initial market cap will be $1,340,000, with an initial circulating supply of 33,508,000 tokens.
So how do we use them?
CRYPT tokens will be used for transactions at our in-game marketplace and the purchasing of gacha. Due to their limited supply, tokens inflation in World of Cryptia is essentially avoided.
- TIA tokens
TIA Token is Cryptia’s secondary token. It is obtained from treasure chests, or as a PvP reward. TIA tokens speed up the recovery of injured adventurers, augment training sessions, and pay for Class Change. They can also be used to purchase items that may elevate your exploring experience, or invest in the maintenance of the Guild-managed archaeological sites after the Guild War update.
So how do we use them?
Train Adventurers: investing in adventurer enhancement is another major use of TIA Tokens. Adventurer skills are prominent in improving the success rate of an exploration, as combats are more easily finished and treasure chests more safely unlocked to acquire valuable artifacts. Because each adventurer’s skillset can only be upgraded to a preset extent, character inflation is optimally minimized.
(*) Character inflation is a phenomenon where the demand for tokens exponentially increases while that for the current supply of new adventurers substantially increases, as players refuse to buy adventurers and instead, spend a large amount of tokens to upgrade the ones they already have.
Change class: If you want to change the skill of an adventurer you own, you can use TIA Token to try to inherit your desired skill from other adventurers who own it. By doing so, your original skills will either be switched (should they accept your offer) or upgraded (should they reject your offer). The more you challenge, the more you will be able to achieve stats enhancement and skills inheritance.
Create successors: TIA token is to create a new adventurer who will be the successor of an adventurer from whose blueprint he was created. This makes it possible to keep the qualities and skills of an adventurer while having the freedom to alter his qualities.
Upgrade guild-owned dungeons: in the maintenance of the Guild-managed archaeological sites after the Guild War update. By opening the ruins with a better exploration efficiency to other players, you can earn admission fees, which can be allocated as your guild’s income.
By gaining, strengthening, and selling adventurers, players will be able to easily search ruins and stand victorious in PvPs, thereby acquiring even more TIA tokens and apex NFTs. All in all, the TIA Token plays a central role in the in-game economic cycle of Cryptia.
2. Tokenomics Allocation
Nearly a quarter of the token allocation will be saved for the consistent improvement of our ecosystem. A big part of it (over 19%) will also be allocated for the development of the project’s foundation, in order to build the strongest and most sustainable bedrock from which Cryptia may grow further. On top of that, 13% of allocation is already being used to expand the scope of our community via global marketing activities.
3. Token Release Timeline
The Cryptia team aims to build a token release schedule with users’ interests and a long-term project development at heart. Seed sale buyers will be allowed 10% token release at TGE, while private sale buyers are a bit more advantaged with 15% release upon TGE. Public sale participants will receive 50% of their purchase as liquid tokens upon our listing.
A detailed timeline will be displayed as followed:
SEED SALE
10% release at TGE (Token Generation Event),
2 months cliff then linear vesting block-by-block over the next 12 months
PRIVATE SALE
15% release at TGE
2 months cliff then linear block-by-block over the next 12 months
PUBLIC SALE
50% at listing
Linear over the next 2 months
TEAM & ADVISOR
6 months fully locked, then unlock over the next 18 months
MARKETING & LISTING
20% release at TGE
Unlock over the next 12 months
FOUNDATION
Unlock over 60 months
ECOSYSTEM
Unlock over 60 months
(*) All tokens owned by the team will be locked for a period of 6 months.
That was A LOT to take in, huh? Feel free to spend as much time you want to soak it all up. If you still have any question, come join our global Telegram group and voice all of your concerns at our AMA sessions: https://t.me/cryptiaofficial
In the mean time, stay tuned for our IDO, which is planned for the end of next month!
