BD MULTIMEDIA announced the first results of the ICO from its subsidiary Olympus Game: the first “round” of the ICO ended on May 30, 2022 and the company projects to raise more than 300 000 USD.
In the real turbulent context of the stock market and crypto, the first round of the ICO was a real success. This attracted hundreds of investors and thousands of fans.
To capture the momentum of the market recovery, the following ICO round will be delayed for several months: “the company has enough funds to develop the game and NFT related to the game. We are not in a hurry, or stressed with context” comments Matthieu Feuillé , CEO Olympus GAME.
Over the next month, game development will continue and a strong social marketing strategy will be implemented for the next “round” launch and NFT sales.
To create a strong community around the game and to thank the participants of the first round, Olympus Games decided to increase the condition of tokens sold in this first round at the token release rate (vesting plan): currently, vesting is 4.57% of each release month. This vesting will be increased to 10% of the monthly release.
This vesting system is common in ICOs. They allow to regulate the token resale market by ensuring that ICO participants invest in the long run and thus support the growth of token value.
This change in token release modality only applies to first round participants to receive special rewards as “early stage” investors.
The company plans to sell the remaining tokens from the first round of the ICO to institutional and private investors. The remaining tokens will be the difference between the amount raised on 30 May 2022 and the total number of tokens created for the first round of the ICO (equivalent to the amount of USD 500,000).
The first ICO round will end on May 30 at midnight, so you can still participate in the ICO with a -60% discount and a better vesting plan than in the next round.
The expected boom from the P2E (play to earn) gaming market
Play-to-earn NFT games (aka P2E or Play2Earn) allow players to own NFT assets in video games and add value through typical in-game activities such as winning challenges and battles, competing in e-sports, unlocking in-game upgrades. game progress, buy items, etc.
By participating in the gaming economy, players create value for the community and developers. The play-to-earn game then rewards the player with the earnings of in-game items or tokens.
Many web influencers are excited about the upcoming revolution in the gaming industry, like Alex Ohanian, co-founder of Reddit, who believes P2E will become the dominant form of gaming in a few years.
More information about OLYMPUS GAME
Game website: https://olympus.game/
Whitepaper of the project: https://whitepaper.olympus.game/
Url of ICO: https://sales.olympus.game/
| About BD Multimedia, the fintech that is in the digital revolution:
BD Multimedia is a French Fintech player in electronic payment services based on a strong digital culture and orientation to create value -added services through the use of information technology:
BD Multimedia is listed on Euronext Growth (ISIN code: FR0000035305 / ALBDM) |
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