nft game image banner for Battle for Giostone to Launch IDO Soon

Battle for Giostone to Launch IDO Soon

Posted August 23, 2022 12:31 pm
4 min
By Jethro Sandico

Upcoming Multiplayer Online Battle Arena (MOBA) game, Battle for Giostone (BFG), is one of the most interesting play-to-earn projects being built on the Avalanche Network in 2022. 

Battle for Giostone and Avalaunch partnership logo/banner.

On August 1, 2022, the team formed a partnership with decentralized fundraising platform Avalaunch, to facilitate an Initial DEX Offering (IDO).

BFG creators M-Tech Entertainment wanted to invite investors into the ecosystem and avail of the token at a launch price. According to the team, Avalaunch is the perfect fit for the role due to the platform’s wealth of experience and great track record. They’ve had a few AMA with Avalaunch, check out the Avalaunch Twitter account for more.

The team is also planning to include some “anti-whale” measures in the IDO, to prevent wealthy investors from buying massive shares, and then “pulling the rug” after making huge margins. Additionally, a locked liquidity pool will be put in place to prevent volatility and ensure a stable price.

While the IDO has not announced a release date yet, the team has stated that they “will publish the correct link when the time comes to subscribe to the IDO.” They also reminded the community to be wary of scammers “who might try to abuse the hype and excitement around Battle For Giostone to create fake websites.”

What is an IDO?

Basically, an IDO is the first time a crypto token is sold to the public. It is a way for projects to raise funding for their treasury. An IDO plays a vital role in almost all types of web3 projects including DeFi, and games. Once the tokens are launched, they trade on a DEX.

Raising funds is one of the main purposes of an IDO, due to the convenience that it could provide to interested investors. Although an investor won’t be granted any level of proprietorship over a project, its immediate liquidity and trading, as well as lower listing costs, makes IDOs attractive to the cash-strapped financers.

About Battle for Giostone

Battle for Giostone is a Multiplayer Online Battle Arena (MOBA) game that pits two teams against each other. Consisting of 5 members each, the teams will attempt to destroy the base of their opponents to win the melee. However, the game is not limited to 5 vs 5 battles as it also offers a Story Mode where players will match up versus other creatures.

In the game, players are allowed to control a customizable character or Hero Non-Fungible Tokens (NFTs) that possess unique abilities depending on class. There are six classes in Giostone namely: Melee Warrior, Ranged Warrior, Melee Assassin, Ranged Assassin, Melee Wizard, and Ranged Wizard.

NFTs

People who have acquired NFTs through the presale will be able to forge new Heroes once they get to a certain level in Story Mode. When forging a Hero, players can select the character’s class and abilities. The cost of forging will depend on the set percentage for each of the Hero’s abilities.

BFG

$BFG is an official governance token of Battle for Giostone that players can earn through gameplay, as well as tournaments. It is an ERC-20 token that players can use to vote on future updates. Additionally, holders can also stake $BFG to earn rewards.

The Team

The Battle for Giostone team hass a wealth of experience in the Web2 and Web3 gaming industry. This mix of experience has many people excited at the prospects of the game.

  • Mile: Has been playing games since he was 13. He has 8 years of eSports involvement. Recently he’s been working with Sky Mavis on Community Protection for Axie Infinity.
  • Theeban: Has been a part of various eSports team that has participated in major tournaments. This experience gives him a wide network in the gaming community which can be helpful for marketing.
  • Mitko: Has a business background. He also has adept skills in analytics, sales and marketing, and business development. He has notable involvement with eSports.
  • Ana: Her background is in technology with a history of working in the entertainment industry.
Battle for Giostone team.
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