March Update
Welcome to the March update for Attack Wagon Games.
This month at Attack Wagon HQ we have been busy with the latest fundraise but we are not allowing that to slow down our projects. Today we will be going through a number of topics including an informal game introduction, Tokenomics, development of products and more.
To get started let’s talk about the ecosystem.
Game Ecosystem
What could this be? Well, we can’t give a ton of details currently but I wanted to let you know that we will be incorporating our first game(not developed by Attack Wagon Games) into the ATK ecosystem. It will be published by us and powered by ATK! There are a few small details left to hash out before we make the official announcement and talk about what the game is but we were too excited to not at least give this a mention. The name of the game is Risky Racers and will be the first of many games to enter our ecosystem that is not made by our hands which is exciting.
We will have a lot more information in the coming weeks talking about this game and it’s implementation into our ecosystem but for now we wanted to give you a tease at some fun things coming soon. What does it mean ‘in our ecosystem’? It means that these creators will have the potential to monetize their blockchain games without a need to create a new token themselves. As we’ve talked before tokens require liquidity and many more things that most companies don’t have or don’t want to figure out. We make this easy for them by granting a small portion of our token to be used in their games. More on this to come but we are excited for the opportunity to provide a place to publish your game and also give our community more to do with their tokens.
*All smart contracts for the game are vetted and audited prior to release.
If you create games(large or small) and would like to talk about implementing them into our ecosystem reach out to us here.
ATK Tokenomics
We have been focusing on $ARXM talks for a while now but what about $ATK? Our firstborn and golden child. $ATK, since last year, has dropped in Circulating Supply from 252m to 241m. This is because we have been burning $ATK. A shrinking Circulating supply and burning $ATK will continue to be a pivotal tool in our future dapps and we will continue to burn $ATK for years to come.
The less tokens in circulation the more likely that token is to gain value along with it’s utility plays. Speaking of utility plays let’s look at some of the updates from each of the dapps.
Dev Updates
We wanted to speak on this again just to continue to breath life in the community and help some of you that don’t fully understand the strategy here. We are waiting on the perfect opportunities in the market for our solid release schedule. In this we have been rearranging releases as to get our token buffing dapps out first so that when it comes time to release our main projects the sky will be limitless. We don’t want a top to bounce off of. So while it feels like some of our bigger releases are moving slower just know that we don’t want to release things in a poor market to poor reception. Now for some dev updates.
NFT Staking —Like mentioned earlier we are trying to build the base utility of our products to be ready for some of our main releases and NFT Staking is a big one. The ability to not only hold NFT’s but having value from holding them is crucial for some of the larger releases. The NFT staking contract is nearing testing completion and will finish auditing this month. We are looking forward what is to come from building all of these small stepping stones in order to have a strong base for the ecosystem once we are ready for our bigger releases. Having basic staking, NFT staking and SwapWagon live will give us that firm foundation.
SwapWagon — We are still early for SwapWagon but we are making progress as we don’t want to just copy what everyone else has done but make some worth while that will attract people outside of our ecosystem. There are still a few variables we are playing with including cross-chain but we also don’t want to add a lot of time to this piece of development. We will first be launching SwapWagon without that capability but we are designing it to where the implementation of it will be much easier in the future. The overall goal here is making it easier for people to find and purchase our tokens.
Scrap Guilds — We are still wrapping up the last bit of development here before Alpha but the main thing we are looking to do with this new raise is set aside a good amount for marketing. Without marketing any project is dead in the water so this makes marketing a first and foremost goal. More on fundraising below.
Arcade — Some of you have asked about the arcade and what are our plans for launch now that most of the development is complete. As we mentioned in the prior updates, we are waiting on our next fundraise to be complete so we aren’t wasting money needed elsewhere for momentary marketing. Along with Scrap Guilds we have a marketing plan that encapsulates both our Arcade and Scrap Guilds and using those funds now for the arcade alone would be a waste.
Fundraising
So where are we on fundraising?
We are in a great spot currently. We have a number of investors looking into the equity side of investment into the company and I wanted to quickly go over what that could mean as far as a new token is involved. We are either going to take investors in the token OR in equity but not both. In prior updates we’ve spoken on investors that put money behind the token itself and while that is a good thing for initial tokens having no large investors getting a supply of the tokens could be even more beneficial in the long run for that token.
In normal tokenomics you have anywhere from 20–30% of a token that goes to investors. Those investors are slowly paid out those tokens over the course of 6–12 months. Normally over time they are sold off as the investors receive their payouts. However, imagine we don’t have to give out this 20–30% of tokens in the initial 6–12 months. Imagine having the initial liquidity only grow month over month instead of slowly deplete over time. Yes, there would be token rewards and competitions but those can be kept at levels within reason so that the token grows.
Well, we are currently looking into this as a possibility because a lot of the VC investor interest has shifted over the last year from Token sales to equity plays. This doesn’t mean token sales can’t/won’t happen but investors are just playing it safe as we slowly move out of this bear market. For us as a company that means more earning potential which also plays to more investment potential. We are still weighing the pros and cons but we are very hopeful for a great investment round.
$ARXM
We have been in talks with Gate and a few other exchanges talking about our release of Arcanium. There are certain ebs and flows especially with the success of token launches. Both our advisors and the exchanges have let us know that August-October of this year will be the best time to launch. This is according to their outlook on the markets and what they see coming which is great news for both us and the crypto industry in general. We will keep you up to date on all things $ARXM related but we wanted to give you guys an idea of what the market is currently looking like.
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Every one of you have been amazing early adopters of Attack Wagon and our crazy ideas and we’d like to thank you from the bottom of our hearts for sticking through a crazy bear market and realizing the potential unfolding at Attack Wagon Games. I’d like to do my normal thank you to everyone that continues to push the project and help where they can. Keep supporting and keep being awesome.
