SnakeCity — Token Burn Annoucement
Token Burn Annoucement
At Snake City, we do our best to be strategic and take actions that we feel best support the future of our game and growing community. Currently, the first iteration of the game is ready to deploy and we have plans to launch it on May 27th, in coordination with our Avalaunch IDO, NFT sale and listing. The Snake City vision is anchored not in any particular market condition, but in the game ecosystem and community itself. It will only evolve with users and players and we are excited to begin accumulating the foundation that can only come from launching.
After consulting with Avalaunch, our long-time partners in this process, we both jointly decided that the best direction is always to go forward while respecting the climate in which we operate. The ability to be dynamic is demanded of us by our industry, which will always present countless opportunities for Snake City, as well as an equal number of challenges.
With that in mind, we have decided to reduce the size of the raise from the current $1,000,000 USD to $600,000 USD, with a few important details:
· $400,000 USD or 20,000,000 SNCT will be burnt prior to IDO.
· All unsold IDO tokens will also be burnt.
We feel that this adjustment can accomplish a couple of things.
One, we’d like to put our best foot forward in a market showing apprehension for newly launching projects. While we are confident that Snake City will deliver a robust and sustainable gaming ecosystem, outside factors like prevailing economic conditions will always be considered.
Two, it allows us to reduce both the circulating supply of tokens very early while we are in a more speculative phase, as well as the total supply.
Therefore, our on-going NFT whitelist Marathon has recorded 350 users with only 100 whitelist spots and Beta Game Contest with 1,500 players. The community is excited with all up-coming events of SnakeCity!
Crypto of course is driven by speculation but we prefer to show rather than tell people what we can do. As we move through our IDO, NFT sale and game launch, there can be a real demonstration of fundamentals which will allow a concerned marketplace to more accurately determine our value.
IDO information
Link: links.avalaunch.app/snakecity-reg
Registration Schedule: May 19th — 22nd
Registration Opens: May 19th at 3:00 p.m. (UTC)
Registration Closes: May 22nd at 6:00 p.m. (UTC)
Sale Schedule
Validator Round Begins: May 23rd at 6:00 a.m. (UTC)
Validator Round Closes: May 23rd at 3:00 p.m. (UTC)
Staking Round Begins: May 23rd at 3:30 p.m. (UTC)
Staking Round Closes: May 24th at 6:00 a.m. (UTC)
Booster Round Begins: May 24th at 6:00 a.m. (UTC)
Booster Round Closes: May 24th at 10:30 a.m. (UTC)
Future plan
IDO Public sale on Avalaunch: May 23rd-24th
NFT Public Sale with only 630 NFTs: May 27th
$SNCT Listing on Trader Joe: May 27th
Official Game Launch: May 27th
Update May 26th
🔥 400,000 USD or 20M $SNCT before IDO
🔥 100,000 USD or 5M unsold IDO tokens
As promised, 500,000 USD was already BURNT!!!
Check transaction hash here: https://snowtrace.io/tx/0xa22101ed8fb752aa35d6d371ab0e29733b54d25110221fe381e178f5689c0bed
Only 11 hours left to register for SnakeCity IDO on Avalaunch! Don’t forget to join SnakeCity on-going event: 100 NFT Whitelist, Game Contest 1000$.
More updates on SnakeCity can be found at SnakeCity’s official channels:
Website, Whitepaper, Twitter, Telegram, Discord, Facebook, LinkedIn, YouTube, Medium
