What are Genopets (GENE)? Details About GENE Token

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2021-11-11 08:43:18

With the explosion of the metaverse universe, a series of game projects were born that increasingly solidified the position for a future of Metaverse. Today, let’s dig up information about Genopets – a gaming project on Solana and let’s predict its prospects!

Disclaimer: All information in the article is for informational purposes only and is NOT intended as investment advice. You should carefully study the project before making any investment decisions!

What are Genopets?

Genopets is an NFT game developed in the form of Play-to-Earn on the Solana ecosystem, allowing users to participate in nurturing and developing Genopet – the mascot that the user owns.

Genopets is a combination of 3 game forms as follows: nurture and evolve Tamagochi, experience training and battle with Pokemon, collect and participate in Animal Crossing. Players need to summon Genopets and participate in Neon Genoverses, then perform quests and receive rewards.

Some missions include exploring the universe, deciphering magical kingdoms, and battling users around the world.

Explore more: What is NFT??

Website Genopets: https://www.genopets.me/

Highlights of Genopets

In terms of operating mechanism, Genopets is a combination of the following game trends:

Move-to-Play + Play-to-Earn = Move-to-Earn Gaming

Genopets is a game NFT Move-to-Play on Solana with the following mechanism: Genopets will automatically encode and convert the movements in your daily life into XP to upgrade Genopet NFT in the game.

Note: The user’s activity data source is recorded from smartphones or tracking devices such as smart watches,…

By exercising regularly and maintaining a healthy lifestyle is the best way to nurture, fight, grow and add value to Genopet NFT – this is the core of the mechanism. Move-to-Earn.

Components of a Genoverse:

  • Genopet: A synthetic NFT that can be developed, upgraded and customized to level up in the game. Genopet NFT is freely available and can be minted as an “infant”. Genopets will be evolved and accelerated in Gene Crystals, leveling up as they gain more XP from the user.
  • GENE Token: Token governance and allows users to staking.
  • KI Token: Token reward when users participate in buying and selling Habitats.
  • XP (Experience Point): Experience points, accumulated through user activities.

Note: Habitat is where the Genopes live and are raised. Habitat can be generated from NFTs that users buy and sell through the Genopets Marketplace or by using GENE Tokens, KI Tokens and Gene Crystals.

Habitat also increases the user’s XP, unlocking the ability to craft Gene Crystals and earn KI Tokens daily.

Information Genopets Token (GENE & KI)

Key Metrics

GENE Token

  • Token Name: Genopets.
  • Ticker: GENE.
  • Blockchain: Solana.
  • Token Standard: SPL.
  • Contract: Updating…
  • Token type: Utility, Governance.
  • Total Supply: 100,000,000
  • Circulating Supply: Updating…

KI Token

  • Token Name: Genopets.
  • Ticker: KI.
  • Blockchain: Solana.
  • Token Standard: SPL.
  • Contract: Updating…
  • Token type: Utility.
  • Total Supply: Updating…
  • Circulating Supply: Updating…

At the time I made the article, the project did not provide the above information, when there are detailed updates, I and the team will update later.

GENE Token Allocation

  • Community + Play-to-Earn: 33%
  • Private Sale: 32.5%
  • Team & Advisors: 25%
  • Ecosystem Fund: 8%
  • Public Sale: 1.5%
GENE Token Distribution Table

GENE Token Sale

Genopets conducts Token Sale on Impossible Finance and AcceleRaytor with the following information:

Information on opening sale of GENE Token

Note:

Pay attention to join the launchpad on Impossible Finance with the following information:

  • KYC Preparation Period: Brothers who are not in the banned countries and KYC before the sale period can join.
  • Staking Period: Staking IDIA tokens in the range of October 31, 2021 5:AM (UTC) are from Block [12234400] to Block [12698000] to the day 11/16/2021 5:00 AM (UTC).
  • Purchase Period: Block [12703943] to Block [12732540] from date 11/16/2021 10:00 AM (UTC) to date 11/17/2021 10:00 AM (UTC).
  • Claiming Period: 11/18/2021 TBC (UTC). Genopets will announce the claim deadline later.

Brothers and sisters who are RAY holders can participate on AcceleRaytor with the following content:

Participation conditions: stake RAY before 19:00 on 11/10 (7 days before opening time)

Other information:

  • Format: random dialing
  • Min stake: 100 RAY = 1 lottery ticket
  • Max stake: 500 RAY = 5 raffle tickets
  • Total number of winning tickets: 5,000
  • Token Price: 0.8 USDC/GENE
  • Allocation: 80 USDC
  • Open time to open the registered USDC deposit pool: 19:00 on 11/17

GENE Token Release Schedule

  • Community + Play-to-Earn: Distributed over 5 years.
  • Private Sale: Lock for 1 year, gradually distributed over the next 1 year.
  • Team & Advisors: 1-year course, gradually distributed over the next 3 years.
  • Ecosystem Fund: Amortized gradually over 4 years.
  • Public Sale: No lock.
GENE Token Unlocking Schedule

Token Use Case

GENE is a token used to:

  • Used to administer projects, participate in decisions to upgrade in-game features such as items, game rules, quests, locations or new combinations, improvements.
  • Grant priority access to new in-game product launches.
  • Staking and receive rewards from the project.

KI is a token used to:

  • As an in-game reward when users participate in the purchase and sale of Habitats.
  • Reward for participating in daily activities, for performing movements and participating in combat.

How to earn and own GENE Token

You can join the Genopets launchpad on Impossible Finance. Details and how to join above.

GENE Token exchange & storage wallet

GENE Token storage wallet

Updating…

Exchange GENE Token

Updating…

Roadmap & Updates

Stage 1: Nurture, grow and trade

  • Mint Genopet NFT is free for users.
  • Accumulate XP and develop Genopet.
  • Move-to-Earn KI tokens daily on Habitat.
  • Collect and trade NFT in-game items.

Stage 2: Fighting

  • Fight through mini-games.
  • Leaderboard.
  • Social mechanism.

Stage 3: Combat Upgrade

  • Form a PvP Battle team.
  • Spectator Prediction Market.

Stage 4: Quest Mode

  • Story Mode.
  • PvE Quests.
  • Team PvE Quests.

Project team, investors & partners

Project team

The project team includes the following members:

Project Genopets . team

Investors

Genopes conducted a Seed Round of over $8.3M, led by Konvoy Ventures (Axie Infinity’s investment fund and Board Observer) and Pantera Capital.

Investors of Genopets

Partner

Updating…

Similar projects

Axie Infinity: NFT Gaming is built on Loom Network. In the game, players will collect and nurture imaginary creatures called Axies. Similar to when playing Pokémon GO, players can do quests to collect Axies, team up to fight, and buy & sell Axies with other players.

summary

So, you and I have learned about Genopets and all details about the GENE token, what do you think about the GENE token after this article? Please comment below to discuss with CHK!

Don’t forget to subscribe and join CHK Insights’ groups and channels below to discuss with admins and other community members:

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