BSClaunch Research: An In-depth overview about Legend of Galaxy
Category: GameFi, Metaverse, Play-to-earn, NFTs, Web3
Blockchain Network: Binance Smart Chain
Token Supply: 500,000,000 Tokens
Project Valuation: 10,000,000 USD
Initial Token Circulation: 56,250,000 Tokens
Initial Market Cap: 1,125,000 USD
Total Raise: 600,000 USD
1. PROJECT OVERVIEW
Legend of Galaxy (LoG) is an appealing blockchain game with personalized NFT integrated into LFW Gamehub and ecosystem toward a true metaverse for the community. Players will embark on a galactic adventure, collecting stylish and powerful NFT hero cards as rewards of fierce battles. Everyone is free to explore the galaxy, team up with friends and build forces to wage wars against other clans for valuable lands.
As an NFT game, Legend of Galaxy aims to fulfill the very core idea of NFT, which is giving players true ownership and complete control over their in-game assets. With the community-first approach, they strive to create the top blockchain game experience with an enriched economic model in a metaverse ecosystem, which provides various values and benefits for players, partners and investors.
2. GO-TO-MARKET STRATEGY
Key message + Product value
- LoG has fantastic galactic theme gameplay with super high ROI.
- Games developed on the NFT economy with more utilities: NFT customization, NFT renting and staking, convertible NFT among multiple games of LFW Gamehub.
- GAE tokens can be used for making payments, earning rewards, staking/ farming, and creating voting power within the LoG community.
- GAE token employed an innovative deflationary model which gives token holders passive rewards and handles token inflation sustainably.
- Content marketing campaign to announce and educate users about the game and earning mechanism
* Social media
* Web/ blogs
- Airdrop / AMA to get attentions + highlighting key features / use cases / benefits for user
- Invest in some paid channels to announce LoG IDOs
B. PRODUCT DETAILS
1. PRODUCT VIABILITY
Firstly, Legend of Galaxy is launched via a fair distribution token by public sale EXCLUSIVELY, without VCs or private sale, therefore Government token’s price will not be manipulated after IDO by anyone but the users themselves.
Most of the funds raised in IDO will be put and locked in the liquidity pool, which belongs to its true owner, the community, no frauds and phishing are possible.
Secondly, most projects stumble on the barrier of substantial upfront investment and transaction costs. But with the dedicated partner of theirs, Linked Finance World, LOG team believe that this will be solved effectively, guaranteeing their users the lowest transaction fee across all DEX-es and the smoothest experience.
Additionally, they combine investing, earning and burning mechanisms to eliminate the threat of inflation and unhealthy market manipulation. GAE token employed an innovative deflationary model which gives token holders passive rewards and handles token inflation sustainably.
LOG is developed on NFT economy: NFT customization, NFT renting and staking, convertible NFT among multiple games of LFW Gamehub.
Another worth-mentioning information, game-wise, modern game projects tend to have quite boring and similar gameplay, which brings little value in terms of entertainment and fun to players. Their approach is to invest in those elements to make the game more thrilling and rewarding to players, giving them a sense of achievement and satisfaction.
They will apply Binance Smart Chain Because of it’ Аdvantages: fast transactions, low fees and reliability.
3. PRODUCT DIVE
Users need at least 1 NFT to join the game. After playing and conquering challenges, users can sell or rent their high-power NFTs, or join the staking/ farming for DeFi rewards. More features will come in the future and users’ benefits will be varied.
If you want to have a better understanding about Product Dive of Legend of Galaxy, please via this link and take a look at a Gameplay part: https://docs.legendofgalaxy.io/gameplay/gameplay-introduction
4. PROJECT ROADMAP
5. REVENUE STREAMS
- Play to Earn Asset Ownership
- DeFi Features: Exchanging, Farming, Staking, etc.
- Blockchain Technology: Buying and Selling token and NFT.
- More Advanced Metaverse
- No Upfront Costs
C. TOKEN ECONOMY
1. TOKEN UTILITIES
Payments: GAE is the currency used to purchase mystery boxes and trade NFTs and items on the marketplace. Users can convert it to in-game currency for various in-game payments.
Play to earn rewards: the largest proportion of the token is reserved for users’ incentives when completing challenges and defeating other players.
DeFi and NFT: GAE token holders can participate in staking/farming to earn rewards. NFT holders can trade or rent out their NFT for extra profits.
Community Governance: GAE token represents the voting power of the community on Legend of Galaxy development.
2. FUNDRAISING STATUS
Fundraised: 600,000 USD
Price: 0.02 USD
Lock-up: Release 100% at TGE
3. USE OF FUNDS
60–80% of IDO fundraised will be added to LP and MM activity
4. TOKEN DISTRIBUTION
5. TOKEN RELEASE SCHEDULE
D. TEAM BACKGROUND
They are a group consisting of experienced professionals in the financial markets, game development studio and blockchain projects. They aim to promote wider adoption of blockchain technology by gamification and create development space for NFT of in-game characters and digital assets on decentralized financial platforms.
(https://docs.legendofgalaxy.io/team — Send KYC information of founders to Loyal separately)