The Solana-based play-to-earn game MonkeyBall has been selected as the launch partner of StarLaunch, a new Solana-based IDO and incubation platform.
The first IDO on a new platform sets the expectations for all of its future sales, both in terms of the caliber of projects and the ultimate results for participants. Choosing MonkeyBall comes as a natural choice for StarLaunch, due to its large community and investor backing as well as strong fundamentals as an innovative high-production-value, Play-to-Earn game. MonkeyBall raised $3M from a host of venture capitalists and angels including, among others, Solana Ventures, NFX, iAngels, Longhash, CMS, Republic, Shalom Meckenzie (founder of DraftKings), Yoni Assia (founder of eToro), Shahaf Bar-Geffen (CEO of COTI) and Nimrod Lehavi (co-founder of Simplex).
The sale is scheduled for November 30, offering 1% of MonkeyBall’s total supply, or 10,000,000 out of 1 billion MBS tokens. The price is set to $0.04 per MBS with an implied fully diluted valuation of $40 million.
MonkeyBall is a Play-2-Earn game taking the turn-based game feel of Final Fantasy into a FIFA Street-like setting — but the soccer players are monkeys. Each player owns and controls a team of four monkeys who must win soccer matches against other monkey teams. When winning matches, users are rewarded with MonkeyBucks $MBS, the main token that fuels the game economy.
MBS can also be earned when completing missions, by owning stadiums that host games, or by attending other matches and cheering for a monkey team.
Users can spend MBS tokens to upgrade their monkey team or to buy items from the game’s store. The in-game store and associated treasury will be managed by the game DAO, governed through the SCORE token, which ensures the transparency and user-ownership of the game.
Owning MBS at this early stage will also entitle holders to the upcoming MonkeyBall NFT drop of 5000 Gen0 monkeys. These will then be the first usable NFTs for building monkey teams once the game launches.
The MonkeyBall IDO on StarLaunch will leverage its unique bi-token participation model.
StarLaunch separates the concept of the governance token and IDO access stake, with the former done through $STARS, a deflationary token, while the latter role is delegated to Hydrazine ($N2H4). Hydrazine is the “fuel” used to take part in IDOs on StarLaunch, and it is generated by staking $STARS. Among the more unique features of the StarLaunch pad is its insurance mechanism, which protects users from complete failures of the project and outright scams. This means that choosing the right projects for IDOs is even more important.
“We are psyched to be selected as StarLaunch’s flagship IDO,”
said Oren Langberg, Head of Marketing at MonkeyBall.
“From the team that brought us CardStarter, StarLaunch has all the right elements we strove for in a partner, most importantly a team as dedicated and MonkeyNuts as us that also has a proven track record of successful IDOs”
“MonkeyBall represents the future of on-chain gaming. As such we are thrilled to have them as our flagship IDO”,
says Aatash Amir, CEO at StarLaunch.
“As one of the most anticipated play-to-earn games out there, MonkeyBall will set the standard for the top-tier projects set to launch on StarLaunch ”