Web3 gaming IP Pixelmon raises $7.1 million through community presale

Singapore, March 42024 / AlexaBlockchain/ – Pixelmon, the first truly decentralized web3 gaming IP, has closed its community presale. wall protocol With overwhelming support, we reach 100% of the required quota in 8 minutes across our partitioned IP ecosystem. The pre-sale allocation is 62,092,000 MON, or 6.2% of the total supply of 1 billion MON tokens. The value of the allocated MON at the time of sale was $7.1 million. The sale will run for 48 hours and end on January 28, 2024 at 9:00 AM EST/10:00 PM GMT+8.

Pixelmon implemented several mechanisms during the pre-sale to reward long-time community members. Owners of Pixelmon and Golden Trainer NFTs are guaranteed the opportunity to purchase MON tokens in large quantities. The scarcity of NFTs defined the number of token lots that could be purchased during the pre-sale. Another part of the Pixelmon community that funded the pre-sale deal was able to join the waiting list and purchase tokens after winning the drawing. There were 21,500 lots available for distribution, of which 16,821 went to Pixelmon NFT holders and 4,679 were drawn to the waiting list. The total bid amounted to 56,695 lots.

“We wanted to provide a pre-sale mechanism to ensure that our community gets the best conditions when our partner project, Mon Protocol, launches. We’ve invested significant time into creating a fair balance that benefits our loyal, long-time community members without penalizing newcomers. The overwhelming response to the pre-sale demonstrates the strength and dedication of our community, and we hope it will inspire other projects on how to reward our members for their loyal and consistent support during the bear market,” said Giulio Xiloyannis. The CEO said: He is Pixelmon and co-founder of LiquidX Studio.

The pre-sale offered 2,888 MON tokens per lot, priced at 0.096 ETH. At the end of the pre-sale, each MON token was worth US$0.115. The pre-sale saw participation from 11,726 unique wallets, with 5,594.304 ETH being committed to pre-sale contracts worth US$3,414.70 per ETH, for a total of US$19,102,869.87.

Individual draw results will be announced on Friday, March 1, 2024 at 9:00 AM EST/10:00 PM (GMT+8). After the announcement, users could check their allocation results and request a refund at the same time. At the Token Generation Event (TGE), 20% of pre-sale tokens will be released and no tokens will be granted for another 6 months. The remaining 80% is then vested over 24 months. After TGE, players who participate in the Mon Protocol quest will also be allocated MON tokens. To date, a total of 532,000 wallets and over 700,000 X accounts have participated in this quest, which will continue to run to deliver future rewards beyond TGE.

Introduction to Pixelmon
Developed by LiquidX Studio, Pixelmon is a decentralized web3 game IP featuring a mysterious creature called Pixelmon. Set in the mythical world of Nova Thera, your fellow creatures, Trainers, must lead their team of Pixelmons to victory. Based on strong community interaction and meticulous execution of a wealth of knowledge, Pixelmon incentivizes players with NFTs that provide partial IP benefits. NFT holders have ownership of a portion of the item or character IP.

source: pixelmon

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