Web3 gaming network READYgg has started the launch process of its RDYX token, of which the pre-sale is currently live via Coinlist.

Running until 17th July, 2% of the total 1 billion supply is being sold at a price of $0.16, with 20% unlocked at TGE, with the remaining 80% unlocked linearly over the next six months. Purchases start at $100 up to a maximum of $5,000, with TGE expected to be mid-September. Users in the US, Canada and China are excluded from participating.

As for the company, READYgg has been around since 2016, building out its vision, initially for a mobile-based hypercasual tournament platform. Since then it’s added a no-code game development platform, integrating blockchain in 2022.

During this period, the US outfit has raised around $15 million – mainly traditional VC-based equity but also including a specific token sales to investors ranging from Bitkraft and Hashed to Polygon and Spartan.

In terms of boilerplate, READYgg says its platform “currently supports over 300 million monthly active players across 40+ studios, tapping into more than 2,000 games integrating the READYgg tech stack”, with “over 400,000 web2 players already having created their on-chain identity and wallets”. To this end, it claims the web2 to web3 conversion rate is 53%.

“The RDYX token is the backbone of our tech stack, simplifying game development by enabling developers to launch and mint data collections on-chain, and promoting a chain-agnostic approach. This token also empowers our community, allowing our players to actively participate and invest in our ecosystem through our delegation protocol. By offering RDYX to the public, especially retail investors, we’re inviting everyone to participate in and benefit from the community-driven growth of web3 gaming,” commented READYgg CEO and co-founder Christina Macedo.

We recently spoke to Macedo who explained more about READYgg’s web3 vision and the utility of its RDYX token.