Now that the dust has settled, we have a moment to catch our breath and summarize the presale outcomes. First of all, let’s briefly summarize what it was all about.
The world of Supernova Shards will be governed by corporations that issue currency to support their activities (just like in the real world, where power is shared by countries issuing national currencies). Life Corp* will emerge as the most powerful corporation at the game’s outset. It has created the LFC currency and decided that it would be open for exchange not only within the game but also beyond its borders. To implement this, many technologies will be used, and blockchain will be first. Players will be able to convert in-game currency into ERC20 tokens on BNB Smart Chain using a bridge developed by the corporation. Furthermore, the corporation will list LFC on a decentralized exchange (DEX), endowing its currency with value and allowing players to exchange it for other tokens. The currency minting and DEX listing were scheduled for March 25, 2022.
Developing and promoting the game requires substantial funding. We estimated that $4.5 million would need to be invested in development and marketing for Supernova Shards to be successfully launched and attract players’ attention. To raise these funds, Life Corp decided to sell 20% of total LFC amount in advance, so this is called presale.
The presale was divided into rounds, each offering participants the opportunity to purchase LFC under varying terms. Earlier rounds offered greater restrictions but also greater discounts. The initial private rounds aimed to sell 17m tokens and raise $3.6m. In the final public round, 3m tokens were planned to be sold at $0.30 each to raise $0.9m.
You can find more details about the tokenomics and the presale round conditions in his table.
The private rounds attracted over 20 participants, including NEO, Oracles Investment Group, Blago Capital, Chainfir Capital, Desert Whales, MH Ventures, Sam Venture, among others. We managed to sell 7m tokens, which amounted to 41% of the planned total.
The public round saw participation from over 3,500 individuals. Launchpads such as Seedify, Kommunitas, Polyx, Anypad, Spores, Smaugs facilitated this stage. Demand significantly exceeded supply, so that all planned 3m tokens were sold.
Ultimately, we raised $1.8m, which met 40% of our goal. The presale organization cost us $150k, and we spent $250k on providing liquidity for the DEX. Thus, $1.4 million will be placed in the game’s development, surpassing our minimum expectations. So we consider the presale a success.
We guarantee that the funds received will be exclusively directed towards developing Supernova Shards and promise transparency in the development process. We thank all participants for their trust! You made this project possible!
It is important to note that the collected funds are not enough to complete the game. However, they will be enough to significantly increase the level of project readiness. They will allow us to survive the “crypto winter” that is apparently coming.
It’s important to note that the amount raised is insufficient to fully complete the game. However, it will significantly advance the development and allows us to survive through the impending “crypto winter”. The funds will put our team in a much better position by the time we need to raise again. We retain a share in the company to offer future investors and have 10m unsold LFC to sell at a more opportune moment.
We thank you again for your support! The token’s price has now risen to $0.35. Hope you understand the magnitude of work ahead of us and that the results will require patience from us all. So to achieve success, keep your hands diamond until the project release.
* Please note that this news is published as part of a collaboration between Sunday Games and Black Dwarf. Sunday Games is developing the game Supernova Shards, within its world players can unite into corporations. At the start of the game, the most powerful corporation will be Life Corp, which created and operates the in-game currencies LFC and LFS. This corporation is owned and managed by Black Dwarf. Sunday Games and Black Dwarf provide each other with tech and info support, but the companies are not responsible for each other.
** The trading pair link was updated on September 22, 2023 due to liquidity transfer on USDT a more reliable stablecoin. Previously, the link led to LFC-BUSD pair.