BecoSwap incubates Kripto Galaxy Battle from Cyforce game studio and host their IFO on BecoSwap
BECO holders, let’s welcome Kripto Galaxy Battle — the first Play-to-earn Tactical NFT game on BecoSwap! The web version of this game will be available in Q4 2021, players will be able to experience and freely trade ingame items on BecoSwap NFT marketplace.
Cyforce is a Vietnamese game studio, they focus on creating and releasing video games on various platforms. With their in-depth experience in traditional gaming industry, they’re heading to a series of blockchain games, starting with Kripto Galaxy Battle on BecoSwap, under the helpful and conscientious technical advice from KardiaChain.
Kripto Galaxy Battle is the gem that KardiaChain crypto lover was waiting for in the play-to-earn section — the future combination between Gaming & Blockchain that promises big earnings and quality. Based on the plot and the mix of futuristic, Kripto Galaxy Battle is introduced as an open world with the ability to endlessly exploration in the game rules, quantity, quality of characters and items.
The $KABA token will take an important part in the game economic as well as generate huge opportunities for players. The IFO of $KABA will be hosted on BecoSwap on 1 PM UTC on Tuesday 31st Aug 2021.
$KABA Token Distribution
The total supply of KABA token is 5 million. Details:
- 25% (1,250,000 KABA) will be reserved for the IFO on BecoSwap.
- 10% (500,000 KABA) will be used for the project operation, vesting in 24 months.
- 2% (100,000 KABA) will be reserved for first liquidity.
- 10% (500,000 KABA) will be used for Marketing, vesting in 12 months.
- 10% (500,000 KABA) will be reserved for Team, locked for 6 months, vesting in 12 months.
- 5% (250,000 KABA) will be reserved for Private Sale, locked for 3 months.
- 8% (400,000 KABA) will be reserved for Partners and Advisors, locked for 6 months, vesting in 12 months.
- 30% (1,500,000 KABA) will be reserved for Game Ecosystem.
Following the IFO, approximately 25% of the total supply will be circulating in the market.
IFO Sale Details on BecoSwap
Sale start block: 4057180 (Approx. 1 PM UTC on Tuesday 31st Aug 2021)
Sale end block: 4057875 (Approx. 2 PM UTC on Tuesday 31st Aug 2021)
Amount to be raised: $312,500 USD in BECO-KAI LP tokens
Tokens to be sold: 1,250,000 KABA (25% of initial KABA total supply)
Price per token: 1 KABA= $0.25 USD
BECO to be burnt from sale: $156,250 USD
Method: Basic Sale and Unlimited Sale (Both sales will be conducted via the “Overflow” method)
What is the “Overflow” sale method?
TLDR: Basically, the more you put in, the more you will get, and you’ll get back anything that doesn’t get spent.
In the “Overflow” method, users can subscribe as much or as little as they want to the IFO, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will receive back any leftover funds when they claim their tokens after the sale.
To participate in the IFO:
- While the sale is live (1 PM — 2 PM UTC on Tuesday 31st Aug 2021), commit your BECO-LP tokens to buy KABA tokens at https://becoswap.com/launchpad
- When the sale is complete, claim your KABA tokens and your unspent funds will also be sent back to you.
- Done! In the case of an overflow you can unstake your remaining BECO-KAI LP tokens.
Please note — While you are holding BECO-KAI LP tokens you will be at risk of Impermanent Loss.
An Explainer: What are the 2 different sale sessions?
Basic Sale ($93,750 — 30% of Sale allocation)
Want to participate in the IFO and get the most bang for your buck? This is for you.
In the “Basic” session, each person can contribute a MAXIMUM of $100 equivalent in BECO-KAI LP tokens.
The number of tokens available in this format will typically represent around 30% of the total sale.
Note that the final allocation you receive will still be subject to the total amount raised in this session, but the good news is you’re not battling any whales.
Unlimited Sale ($218,750 — 70% of Sale Allocation)
As the name suggests, the “Unlimited” session has no limits on the amount each person can contribute. However, this comes at the cost of a participation fee.
The number of tokens available in this format will typically account for 70% of the total sale.
How much is the participation fee?
The participation fee will start at 1%, which is only applied to your contribution to the “Unlimited” session.
The 1% participation fee decreases in cliffs, based on the percentage of overflow from the “Unlimited” portion of the sale.
The fee cliff for the $KABA IFO is as follows:
In the “Unlimited Sale” method, users can subscribe as much or as little as they want to the IFO, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will receive back any leftover funds when they claim their tokens after the sale.
Please note — The final USD price per BECO-KAI LP token will be set a few minutes before the sale starting at block 4057180 (2 PM UTC on Tuesday 31st Aug 2021) and will be broadcasted on all public media channels.
While a few things may be subject to initial change, two things are sure:
- You will need BECO-KAI LP tokens to participate.
- If the full $312,500 USD allocation is raised, then at least $156,250 USD of BECO tokens will be burned forever.
We will also be running a staking pool for KABA-KAI LP, which will commence at the conclusion of the IFO. The KABA-KAI farm will have 5x BECO rewards for the first 48 hours and then 3x BECO rewards after that.
If you have any other questions at all, feel free to throw them at us on Telegram and we will answer as many as we can.
Disclaimer — All projects are subject to both high market risk and volatility. Please, do your own research and full due diligence before even considering investing your funds in any project and please, make your investments very cautiously. BecoSwap will not be held responsible for any investment losses.