[PRESS RELEASE – Tel Aviv, Israel, 18th November 2021]
The Solana-based winning 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 expectations for all of its future sales, both in terms of project caliber and ultimate outcomes for participants. Choosing MonkeyBall is a natural fit for StarLaunch, due to its large community and investor support, as well as its strong fundamentals as an innovative play-to-earn game with high production value. MonkeyBall has raised $ 3M from a host of venture capitalists and angel investors including 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 slated for November 30, offering 1% of MonkeyBall’s total supply, or 10,000,000 out of 1 billion MBS tokens. The price is set at $ 0.04 per MBS with a fully diluted implied valuation of $ 40 million.
MonkeyBall is a Play-2-Earn game that takes the turn-based feel of Final Fantasy in a FIFA Street-like setting – but football 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 primary token that fuels the in-game economy.
The MBS can also be earned by completing missions, owning stadiums that host matches, or attending other matches and cheering on a team of monkeys.
Users can spend MBS tokens to upgrade their team of monkeys or purchase items from the in-game store. The in-game store and associated cash will be managed by the in-game DAO, governed by the SCORE token, which ensures transparency and user ownership of the game.
Owning MBS at this early stage will also qualify for holders of the next 5000 Gen0 Monkey MonkeyBall NFT drop. These will then be the first NFTs that can be used to form teams of monkeys once the game has started.
The MonkeyBall IDO on StarLaunch will take advantage of its unique two-token entry model.
StarLaunch separates the concept of governance token and IDO access stake, the former being done via $ STARS, a deflationary token, while the latter role is delegated to Hydrazine ($ N2H4). Hydrazine is the “fuel” used to participate in IDOs on StarLaunch, and it is generated by $ STARS staking. One of the most unique features of the StarLaunch block is its insurance mechanism, which protects users from complete project failures and outright scams. This means that choosing the right projects for IDOs is even more important.
“We are delighted to be selected as StarLaunch’s flagship IDO,” said Oren Langberg, Marketing Manager at MonkeyBall. “From the team that brought us CardStarter, StarLaunch has all the right elements that we were looking for in a partner, especially such a dedicated team and MonkeyNuts as us who have a proven track record of successful IDOs as well.”
“MonkeyBall is the future of chain gaming. As such, we are delighted to have them as our flagship IDO, ”said Aatash Amir, CEO of StarLaunch. “As one of the most anticipated winning games, MonkeyBall will set the standard for the high profile projects that launch on StarLaunch. “
MonkeyBall is a turn-based soccer game based on Solana, a kind of FIFA Street and Final Fantasy brought together in a fun, monkey-themed game. Players can earn tokens by winning or just enjoying other people’s matches.
The game delivers a high production value gaming experience and is developed on Unity, making it cross-platform with Desktop and Mobile.
StarLaunch is a unique and dynamic incubator and launch pad, connecting promising Solana projects to early supporters and a network of key partners. The StarLaunch team works by putting their community first. Starlaunch brings carefully vetted projects to its community and protects IDO participants with an internal assurance program.
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