FTX announces new IEO: "C2X", a gaming platform developed jointly by South Korean listed game company Com2uS and Terra blockchain developers
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FTX announces new IEO: "C2X", a gaming platform developed jointly by South Korean listed game company Com2uS and Terra blockchain developers
Following the IEO pre-sale for Indian gaming guild IndiGG, FTX launches another new IEO pre-sale
Navigating Web3 tides with focused insightsFollowing the IEO presale of Indian gaming guild IndiGG, FTX has launched a new IEO presale: C2X. Below are details about this IEO and an introduction to C2X:
On March 10, FTX announced a new IEO presale for C2X (CTX). C2X is a blockchain gaming platform jointly developed by Com2uS, a South Korean listed game company, and Terraform Labs, the developer of the Terra blockchain. The platform aims to provide comprehensive solutions for blockchain games. C2X's goal is to build an independent global blockchain gaming ecosystem, with its first phase targeting the launch of 10 blockchain games this year.
IEO Auction Details
According to FTX’s subscription page, this IEO will begin at 21:00 on March 18. Participants must stake at least 150 FTT tokens 24 hours prior to the start and complete Level 2 KYC verification on FTX.
A total of 2,000 subscription vouchers will be available, each entitling the holder to 6,700 CTX tokens, amounting to 13.4 million CTX tokens in total. The minimum bid per voucher is 480 USD(T), while the maximum is 502.5 USD(T) + 5 FTT. At the maximum price of 502.5 USD(T) + 5 FTT, the implied price per CTX token is approximately $0.075 (plus the value of 5 FTT).
Participants must create a sub-account named "CTX-IEO" and deposit their subscription funds into this account. If successful in the auction, the funds will be converted into CTX tokens within several hours. Unsuccessful bidders will receive full refunds. All FTT used in successful bids will be permanently burned.
Summary of rules:
1. Stake at least 150 FTT (≥ 150 FTT) before 9:00 PM on March 17 and pass FTX Level 2 KYC.
2. Create a sub-account named "CTX-IEO" and transfer subscription funds into it.
3. Minimum bid per voucher is 480 USD(T); maximum is 502.5 USD(T) + 5 FTT (the latter is recommended).
4. Users may stake more FTT to qualify for additional vouchers.
About C2X
C2X is a blockchain gaming platform jointly developed by South Korean game developer Com2uS and blockchain development firm Terraform Labs.
Com2uS is a publicly listed South Korean company known for developing numerous popular games such as Summoners War, Mini Farm, MLB 9 Innings, Storypick, Magic World, Com2uS Professional Baseball Manager, and over 20 other titles.
Terraform Labs is the development company behind the competitive public blockchain, Terra.
C2X is an open gaming platform designed to provide end-to-end solutions for blockchain games, including tokenomics design, NFT secondary marketplaces, wallets, and other technical infrastructure that enables game developers to integrate their games with blockchain technology.
The platform features a highly modular architecture, allowing developers to update game settings in real time, while users can easily manage their digital assets on the C2X platform. It also offers NFT creation services. In terms of governance, holders of the CTX token can vote on product launches and platform policies, thereby shaping the future direction of the platform.
C2X aims to establish an independent global blockchain gaming ecosystem. Its initial phase targets launching 10 blockchain games this year. Ultimately, C2X strives to become an “inclusive gaming platform” where CTX holders, game developers, and players collectively grow the ecosystem and enhance the overall value of the C2X platform.
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