Quick Take
- Haunted Space raised over $1M from NFT mints and three token sales since 2022
- A promised May 29 TGE was delayed again, with a Discord post citing Avalanche partnership
- 15-year old creator alleges broken promises, unpaid tokens, and pressure to remove criticism
A Web3 Launch Stuck in Limbo
Haunted Space has been building for over three years, backed by a studio called Galaxy Lab. Since 2022, it’s raised more than $1 million from a Genesis NFT mint, multiple pre-sales, and a public IDO. But the long-awaited $GAGA token is still unreleased, and a growing number of early supporters say they were left unpaid, misled, or silenced.
The most recent spark came from a teenage creator known as @vert1dkrn, who shared a long post in early July outlining concerns over broken token promises, shifting roadmaps, and a disappearing marketing lead. The post was soon taken down following legal threats from someone appearing to represent Haunted Space.
A screenshot of the message sent to Vert included language asking him to either delete or edit his thread to include:
“I made some defamatory and untrue accusations… There has been no scamming of any kind…”
Vert deleted the post, later tweeting:
“About to get my first lawsuit because I fudded a certain game, kinda excited 😜”
$1M Raised Through Mints and Token Sales
Haunted Space first launched its Genesis Pass NFT in September 2022, raising an estimated $650,000. The project later migrated from Ethereum to Sui, then to Beam, and most recently to Avalanche. Along the way, it ran two more pre-sales and an IDO:
- September 2022 Genesis NFT Mint: Raised an estimated $650,000 from a sold-out collection tied to staking rewards
- January 2024 SUI Sale: 138 participants were give the opportunity to purchase 15M GAGA tokens for 0.01 SUI each
- May 2025 IDO: Sale with $200,000 in allocation, split between whitelist and open rounds
All token sale rounds were accompanied by shifting tokenomics. Early investors noticed changes in vesting, unlocks, and pricing between phases. The project said these were improvements, not adjustments made out of necessity.
“We improved it, adding more tokens, reducing vesting and cliff… that’s objectively a positive,”
— Haunted Space reply, July 7
Some backers were unconvinced. One community member on June 26 posted in Discord:
“I strongly demand a refund. I regret participating in your IDO. I regret it so much.”
The message received no reply from the team.
Missed TGE Followed by Black Hole Pivot
The team publicly announced its TGE for May 29, 2025, following weeks of marketing tied to the token’s upcoming launch. This was the first official TGE date, although earlier roadmaps and sale documentation had pointed to launches in Q2 2024 and Q4 2024.
On May 28, just one day before the expected launch, the team posted in Discord to announce a delay. They said Haunted Space had been selected as a launch partner for Black Hole, a new Avalanche DEX backed by the Avalanche Foundation, and would now align the TGE with Black Hole’s own rollout in June.
“We’ve been selected as one of the flagship projects for the launch of Black Hole… Delaying the launch by a few weeks to secure their support was a difficult but smart decision.”
No firm date was given at the time. As of July 8, the $GAGA token has not launched, and the team now says it is waiting for Black Hole to confirm the final timing.
$100K UGC Campaign With No Follow-Through
In mid-May, Haunted Space launched a $100,000+ User-Generated Content campaign, offering rewards to creators who posted engaging Haunted Space content on X. The campaign was promoted across platforms, which confirmed the TGE was scheduled for May 29.
The content push invited creators to sign up via Typeform and join group chats where the project would assign rewards. But no tokens have been distributed, and multiple creators have reported that the marketing lead managing the campaign deleted their Telegram account and vanished from communication.
“UGC campaign looked like literally free content,” Vert wrote in a reply.
“Content creators made quotes, replies, and likes. The TGE never took place.”
Haunted Space acknowledged the Telegram account deletion, citing a hack, and said communication continued via Discord. They maintain that tokens will be distributed once the launch is complete.
“All promised tokens – to content creators, farmers, and partners – will be delivered as committed.”
— Haunted Space, July 7
Company Response and Accusations of Defamation
Following growing criticism, Haunted Space issued a statement across multiple channels:
“There has never been – and never will be – any fraudulent intent… accusing a team that has spent over three years working with passion, transparency, and persistence of having fraudulent intent is not only unfair, it’s potentially defamatory.”
The team emphasized that delays were operational, not malicious, and pointed to a playable alpha, a minigame, and Unreal Engine 5 development as evidence of progress. They also said the project was supported by an Epic MegaGrant and reiterated that all funding went directly into development.
They asked critics to use caution when making claims in public:
“Criticism is fair. Defamation is not.”
Still, the demand to remove or edit the creator’s post, backed by threats of legal action, raised questions about how the team is handling public discourse. No lawsuit has been filed publicly. The takedown request came from someone representing the Haunted Space team, who later responded publicly and warned that such accusations could be considered defamatory.
Current Status
As of July 8, Haunted Space has:
- Raised over $1M from community investors
- Delayed its token launch multiple times, most recently on May 28
- Promised a 50% bonus allocation for early buyers
- Pledged all promised tokens to creators and partners “will be delivered”
- Not provided an updated roadmap or confirmed TGE date
The project continues to operate publicly across Discord and X. Haunted Space says it will launch once Black Hole DEX is live, within “the next 10 days.”
Meanwhile, creator channels remain split between long-time supporters and those who say the project has failed to uphold its public promises.
No refunds have been issued or offered for any pre-sale round.
