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Token sale and allocation 🛒
$GP Initial Token Offering
The $GP token sale will take place on April 29, 2022 through Okipad's ILO platform. Here is how $GP will be allocated:
Play-to-earn (P2E) Reward Pool
The majority of the token supply is allocated to the P2E reward pool, where active players of Beanterra can earn $GP rewards for regular missions and quests, guild events, leaderboard competitions, and special events. $GP has a limited supply to ensure that its value will not be inflationary in the long term. During the initial phase, the pool drain will be higher to attract and grow the user base.
The vesting period will be spread over four years. Over time, the pool is expected to maintain a healthy equilibrium as more token utility gradually becomes available in-game, and players can spend $GP on breeding, crafting, transaction relays, and other in-game actions, which will replenish the reward pool. This helps to ensure the long-term self-sustenance of Beanterra’s token economy.
Community and Development
This pool will fund additional efforts in marketing, community engagement, and rewards. This helps grow the user base for the benefit of the entire community. Part of this pool will also be used to fund additional game development efforts. This pool is vested over 2.5 years to ensure that there will be continued support from the community and sustained development efforts (in addition to the development fundraise from the initial sale) over a prolonged period.
Token Airdrops
As previously announced, there will be airdrops to Genesis Beanel NFT holders who do not sell or list their NFT. This is intended to reward community members for their support of Beanterra.
Public and Private Sale
The private token sale will be open to investors who are strongly aligned with our team's vision of Beanterra and commitment to sustainability. The list of investors in our private sale will be announced closer to the public sale date.
The public token sale will launch via Okipad's Initial Launch Offering (ILO) platform. Having a third-party ILO will provide greater transparency and governance for the tokenomics and the project itself.
Obtaining whitelisted pre-sale allocation for the token sale is done via staking of $OKI token no later than April 15th (as explained in Okipad’s FAQ). Following the whitelisted pre-sale, the public sale will become open to everybody. Both whitelisted and public sale phases will be purchasable in $ZIL.
The pre-sale will start on April 29th at 15:00 UTC (11:00 SGT, 17:00 CET, 08:00 PT) and last for 72 hours until May 2nd at 15:00 UTC. The public sale will start on May 2nd at 15:00 UTC and last for 72H until May 5th at 15:00 UTC.
There will be 44,444,000 $GP (4.44%) allocated for pre-sale, and 40,000,000 $GP (4.0%) allocated for public sale. Whatever is not sold in pre-sale, will be added to the public sale allocation. Whatever is not sold in the public sale, will be added to the Community and Dev pool for future usage.
Sale price
Pre-sale price will = $Zil pegged to USD$0.0045. (10% discount on public price)
Public price will = $Zil pegged to USD$0.005.
The exact $Zil price will be fixed a day before the sale. The $Zil price will change only if there is more than 20% price movement in a 24 hour window.
Liquidity Pool and ILO Fee
An ILO fee to Okipad ensures their long-term interest in Beanterra after the token sale. A liquidity pool is also allocated to ensure sufficient liquidity to swap $GP tokens for $ZIL once the token is listed.
Team allocation
A team allocation to the founding team is vested for 1 year, with a slow unlocking spread over 3 years, to incentivize the team to work with a long-term vested interest in Beanterra and the community at large.
Last modified 2mo ago