November 18, 2021 – Tel Aviv, Israel
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 $3 million 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, 2021, offering one percent of MonkeyBall’s total supply or 10,000,000 out of one billion MBS tokens. The price is set to $0.04 per MBS with an implied fully diluted valuation of $40 million.
MonkeyBall is a play-to-earn game taking the turn-based game feel of Final Fantasy into a FIFA Street-like setting but the soccer players are monkeys. Each player owns and controls a team of four monkeys who must win soccer matches against other monkey teams. When winning matches, users are rewarded with MonkeyBucks ($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 5,000 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.
Oren Langberg, head of marketing at MonkeyBall, said,
“We are psyched to be selected as StarLaunch’s flagship IDO. 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 ‘monkey nuts’ as us that also has a proven track record of successful IDOs.”
Aastash Amir, CEO at StarLaunch, said,
“MonkeyBall represents the future of on-chain gaming. As such, we are thrilled to have them as our flagship IDO. 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.”
About MonkeyBall
MonkeyBall is a Solana-based, play-to-earn, turn-based soccer game a kind of FIFA Street and Final Fantasy rolled into one fun monkey-themed game. Gamers can earn tokens by winning or simply enjoying other people’s matches.
The game offers a high production value gaming experience and is being developed on Unity, making it cross-platform with desktop and mobile.
About StarLaunch
StarLaunch is a unique and dynamic incubator and launchpad, connecting promising Solana projects to early supporters and a network of key partners. The StarLaunch team operates by prioritizing its community first. StarLaunch brings thoroughly vetted projects to its community and protects IDO participants with an in-house insurance program.
Contact
Oren Langberg, head of marketing at MonkeyBall
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.
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