The upcoming $KIDEN IDO, set to launch on September 30, 2024, allowing RoboKiden players to deepen their involvement in the game’s ecosystem. $KIDEN is the central token within RoboKiden, an AVAX-based game that allows players to unlock various in-game features, acquire valuable NFTs, and participate in battles for rewards. Here’s everything you need to know about participating in the $KIDEN IDO, including the key steps you need to follow to secure your tokens.
What is $KIDEN?
$KIDEN is designed to be the backbone of the RoboKiden’s play-to-earn multiplayer party shooter ecosystem, functioning as the primary currency within the game. Players can use $KIDEN to purchase loot boxes containing NFTs of different rarities, which can be utilized in the game to earn more $KIDEN through various activities. These NFTs can also be traded on the in-game marketplace, providing players with a way to enhance their gameplay and expand their collection of in-game assets.
The token plays a critical role in the overall economy of RoboKiden. Players can use $KIDEN to upgrade their characters and equipment, unlock exclusive game features, and even participate in deflationary mechanisms where a portion of the $KIDEN tokens used in-game is permanently removed from circulation, helping to maintain a balanced economy.
How to Participate in the $KIDEN IDO
To participate in the $KIDEN IDO, potential investors need to follow a specific process that involves earning roles on the Elixir Games platform, completing KYC, and staking tokens.
Earning Roles and Staking
To gain access to the $KIDEN IDO, users must first create an account on the Elixir Games platform and complete the KYC process. Afterward, they need to stake $ELIX tokens to earn specific roles within Elixir Games. The roles range from Plankton to Whale, with each tier offering varying levels of access to $KIDEN tokens during the IDO. The more users stake, the higher their role, and consequently, the greater their allocation of $KIDEN tokens.
To begin staking visit: https://elixir.games/launchpad/kiden
The tiers are as follows:
- Plankton: The entry-level role requiring minimal staking.
- Shrimp: Requires a moderate amount of staking.
- Dolphin: A higher-tier role with increased staking requirements.
- Shark: One of the top roles with significant staking needs.
- Whale: The highest role, providing the largest token allocation during the IDO.
$KIDEN IDO Rounds
The $KIDEN IDO is structured into several rounds, each designed to cater to different segments of the community:
Round 1: Tier Holders Round (Guaranteed Allocation)
In this round, users who have completed KYC and earned a role by staking tokens will receive a guaranteed allocation of $KIDEN. The amount of tokens allocated will depend on the user’s role, with higher roles receiving more tokens.
Round 2: NFT Holders Round
After the first round, any remaining tokens will be made available to holders of Elixir Flask NFTs. These NFTs must be held in a linked or Elixir Wallet. Participants can also stake their NFTs to increase their allocation. Any NFTs used in this round will be burned after participation.
Round 3: First Come, First Serve (FCFS)
If there are still unsold tokens after the first two rounds, a third round will open on a first-come, first-served basis. In this round, the allocation is not guaranteed, and roles from the earlier rounds can multiply their allocation factor, often by a factor of 3 or 5.
Round 4: Public Round
The final round will be open to all users who have completed KYC and hold an Elixir account. This round will offer any remaining tokens to the general public, with a minimum ticket amount and a maximum allocation set for all participants.
$KIDEN Token Utility
$KIDEN is also integrated into the RoboKiden game and serves multiple functions, including:
- Purchasing and upgrading NFTs: Players can use $KIDEN to buy NFTs, which can be equipped or used to farm additional $KIDEN.
- In-game progression: $KIDEN allows players to upgrade weapons, skills, and bots, and unlock new in-game capabilities such as emotes and kill bands.
- Burning mechanism: A small percentage of $KIDEN used in-game is burned, reducing the overall supply and helping to maintain the token’s value.
Join the RoboKiden Ecosystem
The $KIDEN IDO provides a unique opportunity to have a big part of the RoboKiden ecosystem. By participating in the IDO, players can acquire rare and powerful in-game assets, and take an active role in the game’s economy. Make sure to complete the KYC process, stake your tokens to earn a role, and stay updated on the upcoming rounds to secure your $KIDEN tokens.
For more details on the IDO process and to participate, visit the official Elixir Games Launchpad at https://elixir.games/launchpad/kiden.
