Poking fun with Pocoland[UPDATED TIMINGS]
“GameFi” combines the word Gaming and DeFi into one word, bringing about the gamification of financial mechanisms where users can earn profits by playing games. GameFi has gained massive traction in the recent months within the Crypto space, with the collective market capitalization of top games peaking over $15 billion at the point of writing. Gaming is part of the next big use case, spearheading cryptocurrency adoption and innovation.
With the current traditional game market worth over $100 billion, there’s still plenty of space for the GameFi universe to expand. With new investment and GameFi-specific funds pouring in, the potential of the sector is endless.
The Poco Metaverse
Poco currently endeavors to make its mark in the Play to Earn GameFi verse. With a “Easy to play, easy to earn” approach, the team hopes to empower players with financial opportunities to earn money whilst having fun.
The Pocoland team hopes to give the community a strong sense of ownership and will be implementing voting mechanisms to ensure that the game would be developed in the direction and interest of the players.
For more details of the Game storyline and mechanism, view the whitepaper here.
Tokenomics
Total POCO Supply: 180,000,000
- Development Team: 21%, Locked for 3 months, and to be released linearly over the subsequent 36 months.
- Advisors: 6%, Locked for 3 months, and to be released linearly over the subsequent 36 months.
- Private Sale: 11.37%, 20% to be released during Token Generation, 20% to be released each subsequent month
- Strategic Sale: 1.85%, 20% to be released during Token Generation, 20% to be released each subsequent month
- IDO: 2.78% , 34% to be released during Token Generation, 33% to be released each subsequent month
- Staking Rewards: 29%, Locked for the first 1 month and to be released linearly over the subsequent 36 months.
- Play to Earn rewards: 20%, Locked for 2 months, and to be released linearly over the subsequent 36 months.
- Liquidity, Ecosystem Fund & Community Growth: 7%, 30% to be released during Token Generation, and to be released linearly over the subsequent 24 months after the first 3 months.
- Airdrop: 1%, 10% to be released during Token Generation, 90% to be available in 9 months
IDO price: $0.10
Listing price: $0.12
Listing on the 10th September 2021, Approximately 1500UTC.
To find out more about how to participate in the IDO on the day itself, read here. Using a MODIFIED Smart Staking approach to Oxbull.Tech’s IDO model, The Public Sale would be categorized into 3 groups:
Tier-1: Guaranteed High Allocation
For a High allocation and a Guaranteed participation of the POCO token, investors would be required to:
- Enrolled Smart Stake for 8,000 OXB tokens
OR
- Enrolled Smart Stake for 0.15 LP (Currently about 4,700 OXB/BUSD LP)
before 6th September, 0000 UTC (5 days before the listing) and MAINTAINED until token generation event. Auto enrollment will be carried out this round.
Qualified Investors will have a pre-allocated time of 9 Hours from 1630 UTC 9th September — 0130 UTC 10th September to contribute to the Public sale pool.
Allocated Contribution to be updated at Contributing pool.
Each qualified address will only be eligible for ONE transaction.
Tier-2: Guaranteed Medium Allocation
For a Medium allocation and Guaranteed participation of the POCO tokens, Investors who are keen to participate would be required to be:
- Enrolled Smart Stake in between 1,000 OXB — 4,000 OXB before 6th September, 0000 UTC (5 days before the listing) and maintained until token generation event.
- For Investors who were late and missed the staking deadline, the Time lock farm shall be available up until 10th September 2021, 0000UTC, where Investors will still be allowed to participate in the IDO, subject to the staked OXB funds being locked for 7 days. Investors in the Time Lock farm will not earn APR nor reflection rewards.
Qualified Investors will have a pre-allocated time of 60 minutes to contribute to the Public-sale pool on the 10th September 2021 between 1000–1100 UTC.
Allocated Contribution to be updated at Contributing pool.
Each qualified address will only be eligible for ONE transaction.
Tier-3: Whitelisting program
Whitelist link: https://gleam.io/QNzEu/oxb-whitelist-for-poco
For a Small allocation of the POCO tokens, interested Investors will need to hold(Not Smart Stake) at least 50 OXB in their wallet and complete the Whitelisting form and requirements to stand a chance to qualify for the IDO. Whitelisting qualification generally increases with more OXB held and the more active investors are on TG and Twitter.
The Public-sale pool shall be opened to the qualified public after the allocated time for Tier 1 and Tier 2 investors end. Contributions are on a first come first serve(FCFS) basis on the 10th September 2021 between 1100–1130 UTC.
Allocated Contribution to be updated at Contributing pool.
Each qualified address will only be eligible for ONE transaction.
IMPORTANT NOTES: Qualification of Tier-1 and 2 will require ENROLLING SMART STAKING. In the event where an Investor who has not enrolled in Smart Staking but has the required number of holdings SHALL NOT be eligible for the aforementioned tiers.
Smart Staked holdings are required to be maintained adequately until project listing. Any dips below the required holding amount will DISQUALIFY the investor for the project being launched at the time even if the investor has already contributed.
Each qualified address will only be eligible for ONE transaction. Meaning if an address is qualified for tier 1, they will not be qualified for tier 2.
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Information is accurate at time of writing and can be subject to change.
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