Galactic Arena

galacticarena.io

Is a

Cryptocurrency

Cryptocurrency attributes

Industry

Cryptocurrency

Decentralized Finance

Non-fungible token (NFT)

Consensus Mechanism

Proof-of-stake

Ticker Symbol

GAN0

Maximum Supply

1,000,000,0000

Block Explorer URL

bscscan.com/token/0x8...42cee6dd84

Other attributes

Strategic Partnerships

Oracles Investment Group

...

Cryptocurrency Symbol

GAN0

Investors

Exchange

Token Standard

BEP200

Wallet

metamask.io

bnbchain.world/en/blog...-wallet/

Welcome to THE GALACTIC ARENA. This is the battlefield that everyone has been waiting for! It doesn't matter where your NFT comes from, In this NFTverse, you can bring your favorite heroes along with you!

Take part in THE CARNIVAL, then make wagers on PvP battles in REAL TIME! Prizes include BNB, BUSD, GAN! Get on top of the Leaderboard and earn extra rewards!

Unleashing NFTs

Non-Fungible Tokens take many different shapes and forms in todays dynamic blockchain industry. The most interesting NFT's on the market today are gaming NFTs, or the characters in a game. Users can purchase these directly in the game, or trade these NFTs on their native game's marketplace.

The play-to-earn space has seen immense growth during recent years, and these gaming NFTs can generate substantial revenue for their owners. But one thing remains constant with every one of them: they are restricted to their native gaming platforms.

We are going to break this cycle, and UNLEASH the power of these NFTs.

Galactic Arena: The NFTverse will unleash the earning potential of GAMING NFTs for their owners by creating a 'GALACTIC ARENA' where players can import their assets into our ecosystem and fully interact as a native user, with the ability to upgrade and battle! All while still retaining ownership of their NFTs.

Diverse battle modes ensure a fair and equitable result on wagers placed within the game, enticing users from different games to migrate their NFTs onto our platform!

Blockchains and smart contract technology combined with the gaming industry have changed the world around us. Join us as we venture into this new universe of NFT growth and freedom. Welcome to the NFTverse!

Introduction

Welcome to the Galactic Arena: The NFTverse!

As the number of play to earn games increase, so does the number of NFT characters that these games create.

Players come onto gaming platforms and invest their money into these games by purchasing these NFTs, and in essence locking their capital in the game.

These NFTs can only generate revenue on these platforms, and are not able to integrate into another game.

But what if that game / platform fails, or is rendered obsolete?

The player loses the value of their NFTs, and loses their capital.

Galactic Arena aims to solve this problem by allowing these NFTs to connect to our game and join the Arena.

By bringing those NFTs into our NFTverse, we allow them to gain back their value and remain a revenue generating asset for their owners. We plan to add characters from more than 25 different games into our ecosystem to give a multitude of players the chance to rejuvenate their NFTs, or simply generate more revenue.

Token Information

Basic information about the $GAN token

$GAN is a BEP-20 token currently running on the Binance Smart Chain. $GAN token is the native currency to the Galactic Arena ecosystem. Total supply is 1,000,000,000 GAN tokens.

$GAN's Utilities:

Can be spent to buy characters, upgrades, and in-game items. Also used to pay to enter PvP battles in THE CAGE.

Staking $GAN for earning bonus $GAN.

Players can also earn $GAN by participating in THE CARNIVAL.

Earning $GAN

SPIN THE WHEEL (in THE CARNIVAL) or participate in WAGER events (in THE CAGE).

Staking $GAN.

Spending $GAN

In game purchases for heroes, upgrades, items and extra spins.

Battles

Holding $GAN

This is required to participate in THE CARNIVAL and THE CAGE for visiting characters. Please view 'Game Modes' for further information.

Long-Term Sustainability

To allow the game to develop continuously, we intend to follow the schedule set out in our roadmap. The development team has many methods to balance the price of $GAN throughout the life of the project, even though Galactic Arena allows NFT heroes from other games to participate in the game and receive rewards. These methods are:

1. GAN requires visiting players who own NFTs from other games to hold a fixed amount of $GAN in their wallets to participate in the game;

2. Set the rewards of the visiting RANK Bronze 1 hero when participating in THE CARNIVAL to 0 to avoid inflation (these players still benefit from the fact that hero leveling up will reduce the cost of participating in PVP);

3. In addition, the dev team also offer certain fees for a Buy Back of $GAN, and promotes product development to attract more players to increase the price of $GAN in the long term;

4. The team focused mostly on the PVP MODE. Instead of increasing the rewards in the training mode to attract new players, the dev team focused on increasing the competition in the PvP mode by creating an algorithm which generates balanced fights between opponents. This development orientation is a radical solution for both allowing many players and gaming platforms to join the ecosystem while keeping the $GAN price at the best rate possible;

5. Incentives are given to players who own native NFTs so they can purchase native heroes in the game, which will directly make the $GAN price stable;

For more information on the fees that players have to pay, please read the Game Modes section.