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Kawaii Islands IDO Goes Live on Polkastarter and Pancakeswap

CryptocurrencyOct 12, 2021 10:00AM ET
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© Reuters. Kawaii Islands IDO Goes Live on Polkastarter and Pancakeswap

  • The NFT play-to-earn game Kawaii Islands that was launched last September is now set to launch its IDO.
  • Kawaii Islands will conduct its IDO through the Polkastart and PancakeSwap platforms.

Last September, the non-fungible token (NFT) game Kawaii Islands announced that it will launch its IDO on October 12. Now, through Polkastart and Pancake, Kawaii Islands is finally set to launch its IDO.

Commenting on its successful IDO, Kawaii Islands and IMBA Studio CEO, Mr. Minh Do said,

We would like to express our deepest gratitude to all the supporters of the project. Since day one, we’ve been continually in the good graces of many wonderful investors, partners, and our thriving community. We are really looking forward to the journey ahead and further developments of the Kawaii Islands project to provide the best NFT gaming experience for our community.

In detail, Kawaii Islands’ token, KWT, has an initial market cap of $800,000. Each KWT trades at around $0.03. More so, Kawaii Islands aims to secure $250,000 in capital through their IDO.

Notably, Kawaii Islands has already achieved remarkable feats. Kawaii Islands now has approximately $2.4 million from a private token sale from 28 leading investors and three NFT sales events with over $600,000 in revenue.

In addition to this, the game is significantly booming. Records say that it has 10,000 daily active players and over $1.2 million total trading volume and more than $320,000 in total players earning in 10 days of Alpha game. In fact, it is one of the Top & Active Decentralized Applications on Binance Smart Chain. (https://www.binance.org/en/leaderBoard)

Apart from this, Kawaii Islands’ social media presence is also growing. When its whitelist event commenced, about 8,000 participants joined. The team even sent about 5,400 filtered applications to Polkastart. Also, since the IDO started, its social media platforms recorded 30k new joiners. Particularly, its Telegram community now has around 33,800 members, 26,400 on Discord, 38,400 Twitter (NYSE:TWTR) followers and 11,000 likes on Facebook (NASDAQ:FB) with about 500k website visits a week. What’s more, its AMAs series now reaches a total audience of 150k and counting.

Mr. Minh Do further added,

We cannot endorse Polkastarter highly enough! Other than being one of the greatest launchpads for blockchain projects, the team behind Polkastarter also provides us with their invaluable knowledge and extensive connection in the field. Not to mention the secure, decentralized environment that ensures the safety of funds.

In other words, with all these achievements, it’s evident that Kawaii Islands have managed to gain the attention of well-known investors in the crypto industry. Reports say that the investors include DFG, JSquare, AU21, Rikkei Capital, SL2, Chainboost, Polygon, OKEx Blockdream Ventures, KardiaChain, Polkastarter, etc. More so, the team says the private token sale led by MapleBlock and Signum helped generate secured millions of dollars from the game.

As mentioned above, Kawaii Islands recently acquired $2.4 million in a private token sale for its anime play-to-earn Metaverse initiative. This game allows the players to be in full control of what they do in-game. It piques the creativity of the players through crafting, decorating, styling, and social networking aspects. For players with artistic and story-telling skills, they can make a Web 3.0 economy within the game under a “create-to-earn” model. Specifically, this is actually the first time that a blockchain or distributed ledger tech (DLT)-powered play-to-earn game is offering this type of functionality on such a big scale.

Furthermore, there is also an Alpha version of Kawaii Islands that launched last month. Here, players can explore the anime metaverse and at the same time, customize their entire gaming experience.

Meanwhile, all in-game accomplishments and achievements in Kawaii Islands allow players to earn tokens, which can also be used in in-game purchases. In addition, there are also several milestones in the game like NFT farming, KWT staking, seasonal events, renting, and lastly, the launch of one’s online business on-chain.

For those who are interested, Kawaii Islands welcomes everyone who would like to explore a customizable anime metaverse filled with engaging social activities. Check out Kawaii Islands here.

Continue reading on CoinQuora

Kawaii Islands IDO Goes Live on Polkastarter and Pancakeswap
 

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