SHRAPNEL (SHRAP) is leading the innovation of blockchain FPS games and is officially listed on HotsCoin

2023-11-29 09:27:41

Officially launched on HotsCoin on November 29th, SHRAPNEL (SHRAP) is a AAA-level FPS game powered by blockchain technology that blends skill-based competition, creative modeling tools, and true digital ownership. AS A COMPETITIVE MULTIPLAYER FIRST-PERSON SHOOTER, SHRAPNEL BUILDS RICH PLAYER CREATION TOOLS ON A BLOCKCHAIN PLATFORM THAT BLENDS COMBAT, CREATION, MANAGEMENT, AND CONNECTIVITY TO ENABLE PLAYERS TO OWN THE PLATFORM AND BE ABLE TO DETERMINE THEIR FUTURE COMMUNITIES. SHRAP is currently available for trading on HotsCoin.

Token information

Total Supply: 3,000,000,000 SHRAP

Fully Diluted Market Cap: $527,932,081.68

Key events

2023-10-25: SHRAPNEL closes $20 million Series A funding round

2022-04-11: SHRAPNEL CLOSES A $7 MILLION PRIVATE ROUND OF FINANCING

2021-11-12: SHRAPNEL closes $10.5 million funding round

Economic model

At the heart of the Shrapnel economy is the SHRAP token, an ERC-20 token created on the Avalanche C-chain that was introduced to the SHRAPNEL subnet for use. On April 29, 2023, 3 billion SHRAPs were generated.

Publishing

All player-created content (PCC) on the platform will use SHRAP tokens as non-fungible digital items issued on-chain. Through blockchain technology, players are able to claim ownership of their creations, covering callsigns, badges, skins, maps, and vanities. Players can choose to sell, auction, or retain ownership of their creations.

Governance & Promotion

All SHRAP holders have the right to promote maps and certain vanity items, influencing their discoverability through voting. Depending on the popularity of the content, promoters will receive a portion of the performance rewards in SHRAP.

Gas Tokens and Trading

The implementation of the Shrapnel platform aims to enable systematic payments for validators in subnets, providing a gas-free experience for players and creators. In addition, the SHRAP token is used as a medium of exchange in the Shrapnel marketplace.

CONCLUSION: SHARAPNEL PROVIDES PLAYERS WITH A NEW EXPERIENCE OF DIGITAL OWNERSHIP, DECENTRALIZED GOVERNANCE, AND CONTENT CREATION THROUGH THE INNOVATIVE APPLICATION OF BLOCKCHAIN TECHNOLOGY IN THE FIELD OF FPS GAMES. The economic model is designed in such a way that SHRAP is at the heart of in-platform transactions and incentives, supporting the sustainable development of the gaming community. HOWEVER, INVESTORS SHOULD KEEP A CLOSE EYE ON THE COMPETITIVE LANDSCAPE OF THE GAMING INDUSTRY AND USER ADOPTION OF THE SHRAPNEL PLATFORM.

HotsCoin will continue to pay attention to the ecology of the project. The information in this report is for informational purposes only and does not constitute investment advice. Before investing, you should fully understand the relevant projects and risks, and seek professional advice if necessary.

Source: Golden Finance

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