Forgotten Playland - Token Launch Strategy
$FP Forgotten Playland - Token Strat
Hi all. This is just a quick token launch summary/strategy I put together ahead of the launch of the token for the upcoming game Forgotten Playland ($FP), by Vermillion Studios & Merit Circle, powered by BEAM. This article outlines my personal strategy and thought process around TGE (+ future), which may significantly differ from your own, due to many variables.
Please, do your own due diligence. Do not rely on this as a crutch. This is not financial advice, just me sharing some general thoughts about my own strategy & offering a resource.
I’ll be going over:
Key metrics
My personal launch strategy
Some closing remarks on the game, what’s to come etc
Quick Recap:
If you’re unfamiliar with the upcoming game Forgotten Playland, I published a thread back in December of last year (2023) containing my thoughts on the highly anticipated upcoming Web3-enabled game over on my X(formerly twitter), which can be referenced at the link below:
Enter Forgotten Playland ($FP)
1.) FP token Launch Details - :
Details of the FP token launch:
Official Contract address: 0xEeee2A2E650697d2A8e8BC990C2f3d04203bE06f
TGE: 21st of February
⏳: Around 14:00 UTC
‘Bot prevention’ will also be implemented:
30% tax is installed on buys and sells in block 0 after launch
5% tax on buys and sells the next 4 hours after launch
Liquidity migrated from @Uniswap v2 to v3
2.) Tokenomics - :
The token economics of $FP are pretty straightforward. Overall:
2.5b (25%) reserved for Contributors & Advisors
2.5b (25%) for Seed Contributors
3b (30%) for Community Incentives
2b (20%) Reserve
Total supply of $FP will be 10 billion tokens, with 5.5% of tokens (550m) available at TGE (token generation), coming from 10% community incentives and 10% seed.
The starting market cap will equate to 2.2m, with a starting price of $0.004 (0.004 * 10b) = 40m FDV (fully diluted).
Initial market cap: $2,200,000
Initial circulating supply: 550,000,000 $FP
3.) Personal Launch Strat & Overall thoughts - :
I was fortunate enough to be chosen as an early backer/investor of this game, but I will also be looking to acquire additional tokens on market.
My rationale for this is simple: I believe $FP has favorable tokenomics & a promising future, both as a game, and as far as the team’s plans for creating demand in & around the token. The primary demand sink for $FP will be as a native currency for the in-game store. The store will include items such as:
Cosmetics
Tournament tickets
Toy Boxes
Note: More token utility is planned after the game is launched.
My thought process also includes recent market comparables / performance, as well as how well the $FP token might fair long term (career game vs. short-term experience). Basically, if I can get a good price, it makes a lot of sense to acquire some on-market in/around TGE for a long term hold, as I see promise in this game garnering long lasting demand, significant DAUs & overall re-playability. Again, your own personal strategy & mileage may vary - Please think for yourself.
As I’ve stated in my original X thread on Forgotten Playland back in Dec. (referenced earlier), I remain highly bullish on this game & its token, due to the backers involved as well as its unique target market that sits between casual & crypto. It’s a unique niche in the Web3 space and I simply can’t wait to play it.
Recent Market Comparables:
$MAVIA (Heroes of MAVIA), recent web3 game launch -
.25b mkt cap | 2b+ FDV
Additional:
$AXS - 1b+ mkt cap
$ILV - .6b+ mkt cap
I hope you’ve enjoyed this quick token launch summary & strategy for the upcoming game Forgotten Playland. With the recent success & performance of BEAM by Merit Circle, I feel their first big budget Web3 title release has the potential to do very well, and the timing couldn’t be better. Beyond a simple investment, I can’t wait to play with you all as soon as the game is live.
Please use this as a resource for your research, but not as a substitution for conducting your own. None of this is financial advice.
ps. I plan on writing a full game review for the Forgotten Playland game once I am able to check out a playable build. Stay tuned.
♐ Current price (TGE) : ~TBD ($0.004-start)
♐ Target : see mkt comparables *
*Not a prediction
KG
Resources :
Forgotten Playland Official Site : https://www.meritcircle.io/
Forgotten Playland Twitter : https://twitter.com/ForgotPlayland
Beam Twitter : https://twitter.com/BuildOnBeam
MC Twitter : https://twitter.com/MeritCircle_IO
FP Discord : https://discord.gg/forgottenplayland
FP Gitbook : https://docs.forgottenplayland.com/
FP Token Intro : https://mirror.xyz/0x1d47D4A8905b96282a9ce57BC79D7264a31E7A60/ZxYLHBumumAVPyAdlsOIWv9FjBijI4pHjHFxGbeXovc
Ape Terminal : https://apeterminal.io/
Crypto Study Discord : https://discord.gg/htbCBfUBcS