Elixir Games officially announced on September 25, 2024 the Initial DEX Offering (IDO) for $KIDEN, the core token of its new game, RoboKiden.
The IDO will be launched on September 30, 2024, allowing players and fans to access the game’s economy and improve their gaming experience.
RoboKiden is a blockchain-based third-person adventure shooter that uses $KIDEN as its in-game currency, similar to some of the best play-to-earn games.
Players can use $KIDEN to purchase loot boxes containing NFTs (non-fungible tokens) of different rarities, which can be used in battles to earn more tokens as rewards.
One of RoboKiden’s standout features is its in-game progression system. This system lets players upgrade their weapons, skills, and bots, unlocking new capabilities such as emotes and kill bands.
It adds depth to the gameplay and encourages long-term engagement.
To maintain a balanced token economy and ensure long-term value for players, 2.5% of the circulating $KIDEN tokens are burned in each game, ensuring long-term value for holders and players alike.
How Elixir Plans to Tackle Play-to-Earn Exploitation
Play-to-earn (P2E) games have gained popularity since the blockchain and NFT boom. However, early successes like Axie Infinity faced challenges, including security breaches and diminishing returns for players.
Carlos Roldan, CEO and founder of Elixir Games spoke exclusively with CryptoNews, sharing his vision for preventing similar pitfalls:
“RoboKiden moves away from the play-to-earn concept we may be familiar with. It is a game that requires you to play real games, be skilled, and be a tactical shooter, where being good and understanding the mechanics and team play predominates.”
The implementation of a balanced token economy with built-in deflationary mechanics further strengthens their approach.
Additionally, Elixir Games has chosen to utilize the Avalanche network for enhanced scalability and security.
Roldan explains, “The team has provided exceptional support, which has brought extra confidence to an attractive network.” Ava Labs, the developers behind Avalanche, were also partners in Elixir’s acquisition of RoboKiden.
Welcoming Traditional Gamers to the Web3 Space
Web3 games often differ from traditional games, as they incorporate blockchain-based economies and decentralized ownership of in-game assets.
For conventional gamers, these systems can be intimidating. Recognizing this, Elixir Games has designed its platform to be accessible to all types of players, regardless of their familiarity with Web3.
Roldan shared their approach:
“When you enter our launcher, you find a place to play video games, regardless of your web3 knowledge or whether or not you find blockchain development appealing. We want a place created by gamers where they feel comfortable and can enjoy hundreds of games.”
Additionally, the Elixir Games ecosystem includes a tier system based on the amount of $KIDEN tokens held by the player.
This structure allows gamers of all levels to participate in the IDO without needing a large initial capital, ensuring broader accessibility.
The Future of Elixir Games: Paving the Way for Innovation
The global Web3 gaming market is projected to surpass $40 billion by 2025, growing at a CAGR of over 25% from 2021 to 2027.
With over $1 billion invested in the sector in 2021 alone, the industry is well-positioned for major growth.
With RoboKiden on the horizon and a strong foundation in Web3 gaming, Elixir Games continues to expand its influence in the industry.
Roldan hinted at exciting developments for the game:
“There are many surprises in store for this year that we know will leave players with their mouths wide open!”
The Elixir Games team brings extensive experience in both the gaming and blockchain sectors, having developed and released several titles, including CyberTitans.
This experience equips them to lead the charge in Web3 gaming, ensuring their continued growth and innovation in the space.
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