Further details have been announced ahead of Elixir Games’ initial DEX offering of KIDEN, the token underpinning its flagship PC shooter RoboKiden.
Scheduled for 30th September 2024, the IDO means players will get new ways of interacting with the game and its web3 economy.
In terms of KIDEN, it’s the main RoboKiden token used as in-game currency to buy NFT lootboxes. Players can also be rewarded with KIDEN through in-game battles. Other use cases include upgrading weapons, skills and other items, and as a reward for daily quests and season pass earnings. It can also be farmed through gameplay.
Notably, Elixir has integrated a deflationary system, meaning 2.5% of circulating KIDEN tokens will be burned in every played game.
Elixir Games founder and CEO Carlos Roldan commented, “The KIDEN token empowers RoboKiden players to fully engage with our web3 ecosystem, enhancing gameplay and rewards, including unique assets that change the gameplay experience. This IDO is a pivotal step in our commitment to innovative, player-driven gaming experiences.”
Only eligible users, who hold Elixir’s ELXR token, are able to participate in the IDO, with the amount of tokens allocated based on different tiers and in separate rounds.
- First, the tier holders round include $300,000 available for allocation, guaranteed for verified accounts with minimum staking tier.
- Second, the Elixir Flask NFT holders round, require minimum participation but gives maximum allocation.
- Third, the tier holders FCFS round. Of whatever tokens remain at this stage, allocations will be multiplied by a factor (usually x3 or x5)
- Finally, the fourth and public round will be open to all users with approved Elixir accounts and completed KYC.
Discover more on how to participate in the KIDEN IDO via the RoboKiden page on Elixir Games.
