SINGAPORE, March 4, 2024 / AlexaBlockchain/ – Pixelmon, the first truly decentralized web3 gaming IP, concluded the community pre-sale of the Mon Protocol fractionalized IP ecosystem with overwhelming support, reaching 100% of its required allocation in eight minutes. The allocation for the pre-sale was 62,092,000 MON, 6.2% of the total supply of 1 billion MON tokens. The value of the allocated MON was US$7.1 million at the time of the sale. Sales ended after running for 48 hours, finishing on 28 January 2024, 9 AM EST/10 PM GMT+8.
Pixelmon implemented several mechanics during the pre-sale, designed to reward long-time community members. Owners of Pixelmon and Golden Trainer NFTs were guaranteed an opportunity to purchase MON tokens in lots. The rarity of their NFTs defined how many token lots they could purchase during the pre-sale. Another portion of the Pixelmon community that funded the pre-sale contract joined a waitlist, which enabled them to buy token lots after winning a raffle. There were 21,500 lots available for distribution, of which 16,821 went to Pixelmon NFT holders while 4,679 lots were raffled across waitlist lots. The total bids reached 56,695 lots.
“We wanted to offer a pre-sale mechanic that would allow our community to enjoy the best terms in the launch of our partner project Mon Protocol. We dedicated significant time to creating a fair balance that benefits our loyal, long-standing community members without being disadvantageous to newcomers. The overwhelming response to our pre-sale shows the strength and commitment of our community and will hopefully serve as an inspiration to other projects for how to reward members who stayed true and showed steadfast support during the bear market,” said Giulio Xiloyannis, CEO of Pixelmon and co-founder of LiquidX Studio.
The pre-sale offered 2,888 MON tokens per lot, priced at 0.096 ETH. By the time the pre-sale closed, the value of each MON token was at US$0.115. The pre-sale saw 11,726 unique wallets participating, and 5,594.304 ETH was committed to the pre-sale contract valued at US$3,414.70 per ETH, totaling US$19,102,869.87.
The individual results for the raffle were announced on Friday, 1 March 2024, 9 AM EST/10 PM GMT+8. After the announcement, users were able to check the results for their allocation and claim any refunds at the same time. Upon the token generation event (TGE), 20% of the pre-sale tokens will be released, to be followed by a six-month period where no tokens will vest. Afterwards, the remaining 80% will vest over 24 months. Post the TGE, an allocation of MON tokens will also be given to players who participated in the Mon Protocol Quests. To date, a total of 532,000 wallets and over 700,000 X accounts have participated in the quests, which will continue running beyond the TGE to provide rewards at later dates.
ABOUT PIXELMON
Developed by LiquidX Studio, Pixelmon is a decentralized web3 gaming IP that features mysterious creatures called Pixelmon. Taking place in the mythical world of Nova Thera, Trainers, the creature companions, must lead their team of Pixelmon to victory. Hinging on strong community interactions and meticulous execution of its rich lore, Pixelmon further incentivizes players with NFTs that have fractional IP benefits, where holders of these NFTs have ownership rights over a portion of an item’s or a character’s IP.
Source: Pixelmon
Submit Your Blockchain and Crypto Press Release here.
