SpaceCatch announces token launch for its latest AR game
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SpaceCatch, a notable player in the GameFi industry, is set to introduce its CATCH token, marking a significant milestone. The announcement, made via SpaceCatch’s official X account, has garnered attention from enthusiasts and investors.
SpaceCatch to launch CATCH token
The forthcoming launch of the $CATCH token by SpaceCatch, the futuristic AR game, signals progress following a successful presale. Developed by Pixelfield and under production for over a year, the project prioritizes quality and sustainability, delaying token release to refine the game.
A portion of gaming revenues will be allocated for CATCH buyback, burn, and rewards after the stake period, ensuring a sustainable ecosystem.
Additionally, SpaceCatch’s off-chain operations facilitate accessibility for non-crypto players.
What makes SpaceCatch stand out
Unlike other GameFi tokens, CATCH isn’t just an in-game reward token; its scarcity and limited inflation ensure its long-term value sustainability within the SpaceCatch game ecosystem.
With up to 43% of tokens already allocated through presale rounds, inflation is further minimized. SpaceCatch has raised $3.37 million, with a recent round gathering $1.17 million in just 42 hours.
Moreover, CATCH employs sophisticated staking mechanisms akin to Bitcoin’s halving process, which lasts five years and is halved annually.
This structure initially rewards early adopters with substantial APR, expected to range from 300% to 500%. Since CATCH isn’t an in-game reward, staking is the sole means of acquiring it, offering significant rewards in the initial period.
Regarding SpaceCatch’s NFT projects in the past, remarkably, despite a bearish NFT market, the rare Genesis Box NFTs sold out in 33 seconds, experiencing a nearly 2,000% value surge, showcasing SpaceCatch’s team expertise in effectively meeting player and market demands.
The token will soon be listed on centralized exchanges (CEXs). This listing will take place during the current week, adding to the project’s anticipation.
About SpaceCatch
SpaceCatch is the first game of its kind, promising a revolution in the gaming space by integrating augmented reality, geolocation, AI, blockchain support, and NFTs.
This blend allows for a completely new gaming experience, supporting not just a fully free-to-play model but also next-generation play-to-earn and move-to-earn concepts that are fully sustainable.
Centered on AR and VR technology, SpaceCatch has crafted an immersive universe with an enthralling narrative. In this universe, players, known as Catchers, are tasked with restoring peace on Earth after an alien invasion.
The aliens possess diverse powers, presenting a challenging obstacle for Catchers. However, players have the opportunity to enhance their abilities and skills to effectively combat these extraterrestrial adversaries.
With these features, SpaceCatch positions itself among the new generation of GameFi projects with the potential to outperform industry giants like Axie Infinity or Sandbox.
Keep yourself informed about SpaceCatch’s latest developments, including game launches, projects, and company updates, by following them on their official website.
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