In Brief
- Valannia, a web3 fantasy game on the Solana blockchain, has raised 1,200 SOL during its token generation event on Indie.fun, amounting to approximately $166,800.
- The successful token launch is set to support the game’s inaugural land sale in its virtual capital, Eldorath.
- The game’s economy will be powered by its $VALAN token, facilitating transactions, staking, and participation in its decentralized autonomous organization (DAO).
Valannia’s recent token generation event (TGE) not only unveiled its $VALAN token but also set a record for the fastest fundraising on Indie.fun by reaching its goal within 24 hours. This event, which started on a Tuesday, was structured meticulously to include several phases aimed at maximizing inclusivity and rewarding early supporters.
Detailed Event Structure
The TGE was organized in a sequence of phases beginning with a VIP round, which offered participants a 10% bonus in $VALAN tokens. This was followed by a general whitelist round providing a 5% bonus, and concluding with a public round that allowed unrestricted access, though without any bonus. A mechanism to refund any excess contributions over the set goal of 1,200 SOL ensured clarity and fairness in the fundraising process.
Upcoming Land Sale in Eldorath
Building on the momentum from the TGE, Valannia is gearing up for its first land sale. This event will allow players to secure plots within Eldorath, which serves as the central hub of the game. The land sale is planned in two stages: an exclusive phase for Valannium Ring holders and a subsequent public sale. The land plots are assorted by rarity, affecting their valuation and significance within the game’s economy.
Token and Land Utility
In Valannia, the $VALAN token serves multiple purposes, not only as the in-game currency but also as a basis for various game functions like building, unit production, and technology upgrades. In the upcoming land sale, plots priced in USDC can be bought using $VALAN at a discount, enhancing the utility and attractiveness of the token.
Valannia’s Expanding Ecosystem
The Valannia platform aims to offer a rich gaming experience through its MMO platform, integrating various games like Valannia Realms, Valannia Arena, and the forthcoming Valannia World. Each Hero NFT provides entry to different game interfaces within this ecosystem, promoting a player-driven economy with over 5,000 active wallets and more than 20,000 NFTs processed, generating revenues surpassing $2 million.
Conclusion
With the TGE successfully executed, the upcoming land sale, and continuous development of its gaming universe, Valannia is cementing its place in the evolving web3 ecosystem. The robust interest in gaming tokens, particularly within the Solana community, highlights the potential for growth and innovation in the sphere of web3 gaming.