P2E Game Cantina Royale to Conduct First-Ever IDO & NFT Drop on Elrond-based Maiar Launchpad

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Blockchain
P2E Game Cantina Royale to Conduct First-Ever IDO & NFT Drop on Elrond-based Maiar Launchpad

Cantina Royale, the first real-time play-to-earn (P2E) shooter game on the Elrond blockchain is ready for its upcoming Initial DEX Offering (IDO) and NFT drop, which unlocks all crucial P2E functionality.

IDO and NFT Drop on Elrond-based Maiar

In an announcement made today, the popular real-time P2E game Cantina Royale stated its upcoming IDO and NFT drop will occur on Elrond-based Maiar Launchpad. The registration for the same opens on June 22, 2022.

For the uninitiated, Cantina Royale has piqued a lot of attention from its innovative P2E approach. Cantina Royale is building a real-time shooter with P2E mechanics and energy efficiency in mind. As a result, the anticipation for the game’s IDO has heightened tremendously and has catapulted Cantina Royale to the forefront of GameFi and Web3.

It’s worthy of note that the game is free-to-play which significantly lowers entry barriers for everyone waiting to participate in the native game ecosystem.

To further the Cantina Royale mission, the team is getting ready to organize its IDO on the Maiar Launchpad. It should be recalled that Maiar is the native launchpad service provider of the Elrond ecosystem, the carbon-negative and user-friendly blockchain, and benefits from the network’s fast settlement and efficiency.

In addition, Maiar has cemented itself as the launchpad of choice for innovative projects to reach a broad audience of enthusiasts, investors, and supporters.

Details About the IDO

Notably, the Cantina Royale IDO on Maiar will witness tokens sold for the price of $0.04 per $CRT. Initially, a total of 131,855,000 $CRT tokens will be in supply, out of a maximum supply of 1 billion $CRT.

What distinguishes this IDO from others is that it embodies the first-ever token & NFT bundle sale. Cantina Royale is offering 5,000 NFT units to the Elrond community via the Maiar Launchpad and 10,000 NFT units to the public.

The aforementioned bundles feature the unique Genesis Space Apes collection, a set of 15,000 Space Apes representing the only collection to earn rewards from future-recruited NFT characters.

Importantly, each Space Ape earns 1% of all in-game earnings from their future generations descending from it. If every NFT has six recruitments, the Genesis NFT owner will get 1% from 1,296 NFTs after four generations.

Some of the other benefits of the Genesis Space Ape are:

  • The way to play and earn in the game
  • Lending NFTs to earn passive income
  • Access to recruiting (breeding) to generate more NFT “offspring”
  • 1% of the rewards of any descendant of NFTs – for an unlimited number of generations – will accrue over time

Already Raised $4.5 Million in Private Sale

Earlier, Cantina Royale sold 150 million tokens during a private sale at $0.04 per CRT, raising $4.5 million. Subsequently, the public sale will witness the team sell 37,500,000 tokens to raise another $1.5 million.

Cantina Royale’s cross-platform and barrier-free interactive blockchain game ensures it caters to all kinds of gamers. Players can experience the Cantina Royale game on Android, IOS, and desktop operating systems. Further, players can leverage in-app purchases to acquire NFTs regardless of their chosen platform.

Moreover, Cantina Royale’s innovative Lending Platform simplifies the process of borrowing NFTs by removing the need for an initial investment or prior crypto knowledge.

Aisshwarya Tiwari

Aisshwarya is currently working as the Chief Editor at crypto.news and holds more than 4 years of experience in the digital assets industry. He holds an undergraduate degree in Commerce with Honours and a post-graduate diploma in Liberal Studies. Before entering the crypto industry, Aisshwarya worked as an SAP Consultant for a global IT firm. He also cleared the CFA Level 1 exam before pivoting to the crypto industry due to its novel and exciting propositions.