Key points
- Introducing the MBUCKS token to revolutionize the esports ecosystem with a play-to-earn environment using blockchain technology.
- Scheduled for the third quarter of 2024, the company will launch the MBUCKS token as the backbone of the Megafans platform.
- IDO on EnjinStarter from June 10 to 14, 2024, with the goal of raising $300,000 by selling 2.14 million MBUCKS at $0.14 each.
- 50% for revenue models, 25% for partnerships, 10% each for technology and new games, and 5% for administrative expenses.
- Expand the game portfolio to 10 titles by 2024, with the vision of reaching 100 games and 10 million users by 2026.
Megafans has become a pioneer in the world of dynamic games, where innovation is the key to staying at the forefront. Megafans aims to revolutionize the esports ecosystem with its upcoming Initial Coin Offering (ICO), which includes the MBUCKS token. Located at the intersection of gaming and blockchain technology, this project seems destined to create a unique play-to-earn environment that benefits developers, players, and collectors alike.
Blockchain-powered megafan ecosystem at BSC
Megafans is not just one more game project; It is a comprehensive platform designed to improve user acquisition, retention and monetization in the esports industry. Furthermore, their solution is simple but effective: by integrating blockchain technology, they provide a smooth and rewarding gaming experience. The platform also supports a variety of game genres, ensuring there is something for every type of player. The Megafans ecosystem runs on Binance Smart Chain, promising speed, efficiency and security for all transactions.
MBUCKS Token Generation Event in Q3 2024
One of the most anticipated events in the Megafans journey is the Token Generation Event (TGE), scheduled for the third quarter of 2024. This event marks the official launch of the MBUCKS token, the backbone of the Megafans platform. Additionally, TGE will distribute a significant portion of MBUCKS, starting the journey towards a decentralized gaming ecosystem.
Megafans IDO on EnjinStarter: $300,000 Goal
After the TGE, Megafans has planned a public sale on the EnjinStarter platform from June 10 to 14, 2024. This Initial DEX Offering (IDO) aims to raise $300,000 by offering 2.14 million MBUCKS at a price of 0.14 dollars each. Previously valued at $14 million, the sale also offers a lucrative opportunity for early investors. The team plans to distribute tokens with a 15% lock-up period on TGE. It will follow a five-month daily linear vesting schedule, ensuring a balanced and fair release of tokens.
The project raised $1.52M in strategic rounds
Megafans' fundraising journey began with strategic and private sales in 2023, raising $620,000 at previous valuations of $6 million and $8 million, respectively. These sales were followed by a successful seed round in 2022, which raised $600,000. The most recent public sale on the Spores platform raised $150,000, demonstrating growing investor confidence. Each round has laid a solid foundation for Megafans, culminating in a total raised of $1.52 million across six rounds, demonstrating the project's strong financial backing and strategic planning.
Strategic allocation of ICO proceeds by Megafans
The team will strategically allocate funds raised to scale revenue models (50%), acquire new games (10%), improve technology (10%), develop partnerships (25%), and cover administrative expenses (5%). This meticulous distribution ensures that Megafans can continue to innovate, grow, and maintain their competitive advantage in the rapidly evolving gaming industry.
Roadmap to success: past, present and future
Megafans has a detailed and ambitious roadmap. The progress is commendable, from the initial whitepaper and prototype phases between 2018 and 2020 to beta testing and the acquisition of 700,000 users by 2023. By 2024, Megafans aims to expand its game portfolio to 10 titles and reach one million of users with monthly recurring revenue (MRR) of $250,000. The roadmap calls for 100 games and 10 million users by 2026, scaling up to 100 million users and $100 million in annual recurring revenue (ARR) by 2028. The introduction of MegaVerse could be a game-changer, further solidifying Megafans' position in the gaming world.
Meet the leaders: Colin Bracey and Jeff Donnelley
The Megafans team is led by industry veterans Colin Bracey (CTO) and Jeff Donnelley (CEO). Their combined experience in technology and business development ensures that Megafans is in capable hands. The project has also forged strategic partnerships to enhance its growth trajectory and technological advancements.
Megafans community: players, developers, investors
Megafans invite gamers, developers, and investors to join their thriving community. With exciting developments on the horizon, it is essential to stay informed about the TGE and other upcoming events. However, cryptocurrency enthusiasts should choose their investments wisely and carefully as the cryptocurrency world is very volatile and many startups sell out quickly.
Still, Megafans is not just an ICO. It is also a visionary project that promises to transform the video game landscape. This project seems poised for success with a solid plan, an experienced team, and a growing community.
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