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Elrond-Based Cantina Royale Announces IDO & NFT Drop on Maiar Launchpad

PR1 NFT News
  • Cantina Royale has announced its upcoming Initial DEX Offering (IDO) and NFT drop.
  • The token sale and NFT drop are scheduled to occur on the Maiar Launchpad.
  • The registrations will officially begin on June 22, 2022.

Cantina Royale has officially announced its upcoming Initial DEX Offering (IDO) and NFT drop, which unlocks all crucial play-to-earn functionality. Cantina Royale is a popular and first real-time P2E shooter game on the Elrond blockchain. The token sale and NFT drop are scheduled to occur on the Maiar Launchpad, and registrations open on June 22, 2022.

The team prepares to organize its Initial DEX Offering on the Maiar Launchpad. Maiar is the native launchpad service provider of the Elrond ecosystem, a carbon-negative and user-friendly blockchain.

The Cantina Royale IDO on Maiar will see tokens sold for the price of $0.04 per CRT. There will be an initial circulating supply of 131,855,000 CRT out of a maximum supply of 1 billion CRT.

“This is not just another IDO on Maiar, but rather embodies the first-ever token & NFT bundle sale,” says members of the team.

Cantina Royale will offer 5,000 NFT units to the Elrond community via the Maiar Launchpad and 10,000 NFT units to the public.

The team adds that these bundles feature the unique Genesis Space Apes collection, a set of 15,000 Space Apes representing the only collection to earn rewards from future-recruited NFT characters. Each Space Ape earns 1% of all in-game earnings from their future generations descending from it. If every NFT has six recruitments, the Genesis NFT owner will get 1% from 1,296 NFTs after four generations.

Reportedly, Cantina Royale previously sold 150 million tokens during a private sale at $0.03 per CRT, raising $4.5 million. The public sale, where the team will sell 37,500,000 tokens, will help them raise another $1.5 million.

Since its launch in May, Cantina Royale has attracted considerable attention for its play-to-earn approach. Building a real-time shooter with P2E mechanics and energy efficiency in mind has catapulted the game to the forefront of GameFi and Web3. Furthermore, the game is free-to-play, lowering entry barriers for everyone eager to participate in the native game ecosystem.

Cantina Royale caters to all kinds of gamers thanks to its cross-platform and barrier-free interactive blockchain game. Players can experience the Cantina Royale game on Android, IOS, and desktop operating systems. Moreover, users can leverage in-app purchases to acquire NFTs regardless of their chosen platform.

Shylin is a technical writer who has worked, for several years, in the business and consulting space. She is completely in awe of and ever-intrigued by technology. An avid reader and active member of several creative writer groups, she spends most of her time writing or thinking about writing.