First of all we would like to thank everyone for showing an enormous amount of interest towards the project. We are now at 1600+ members on telegram, from just 100 two days ago. Your support makes us super motivated to work hard towards our objective to create a decentralised ecosystem for gaming.
As promised, here’s our first update regarding the tokenomics, distribution and roadmap for the VERSE.network decentralised gaming ecosystem.
The VERSE token will be the cryptocurrency as well as the governance token of VERSE ecosystem. There will be only 12,000,000 VERSE tokens in existence and no more can be ever minted. Liquidity providers will be able to earn additional VERSE tokens through yield farming.
The token distribution of VERSE will be as the following:
Total Tokens: 12,000,000 VERSE
Team: 2,400,000 VERSE
Marketing: 1,400,000 VERSE
Yield farming: 2,000,000 VERSE
Presale: 4,000,000 VERSE
Liquidity: 2,000,000 VERSE
Airdrop: 200,000 VERSE
Details regarding the uniswap listing price will be shared in an update on the presale details.
We are still at an early stage, but we do have an estimate of the development duration of the three fundamental blocks of the VERSE.network ecosystem i.e. the Launchpad, VERSELink and Marketplace.
Q2 2021 — Launchpad, VERSELink and Marketplace
Q2 2021 — Announcement regarding our first Game
Q4 2021 — launch of Vstream ( video streaming platform )
Q4 2021 — launch of Vwage ( betting platform )
Q1 2022 — Announcement regarding eSports tournament
As we said in our last post, we will not rush this project and deliver an unpolished product. The Launchpad will be the first product to be released, closely followed by VERSELink. This will ensure we receive valuable feedback from the Game developers of Launchpad projects while building VERSELink. The launch of VERSELink will be followed by the launch of the Marketplace to ensure the projects from launchpad are able to list in-game assets for trading on launch.
Our utmost priority is to ensure that all the three core blocks of our ecosystem are completed by the time the first project from our launchpad releases their game. Once VERSELink is almost developed, we will be in a position to make further announcements regarding our upcoming MOBA ( Massively Online Battle Arena) Game. This game will take full advantage of our ecosystem and be one of the first games to implement FNFT ( Fractional NFT ) for character skins and other in-game tradable items. We will be organising competitive eSport tournaments around the game, which is going to be epic. More details about the Vwage platform for betting and Vstream platform for video streaming will be released in a future update.