Web3 game developer Delabs Games has officially unveiled their ecosystem whitepaper and tokenomics for the $DELABS token, just a day after announcing a total fundraise of $17.2 million.

What is $DELABS?

$DELABS is the upcoming gaming token designed to power the studio’s growing blockchain gaming ecosystem. It’s used for everything within their platform, including governance, staking, and gameplay utility.

Each of the company’s games integrates $DELABS as an in-game payment layer that makes it possible for players to buy upgrade materials, entry tickets, consumables, and various exclusive content. Not only is it the core payment method across each game within the ecosystem, but it is also the main marketplace currency that lets players trade NFT assets. Holders who choose to stake this token can unlock staking-based benefits such as leaderboard reward multipliers, access to higher-tier content, and possibly more paths to earn rewards in. Soft staking will be initially available, with the system evolving over time as the ecosystem continues to grow.

Over time, token holders can look forward to influencing the direction of this gaming platform and its set of games through governance proposals and voting mechanisms. All current and future games from the studio will provide utility in various ways, bringing more and more use cases to the cross-game token the further the ecosystem expands.

This token is set to launch in the summer of 2025, coinciding with the release of Ragnarok Libre. Before that happens, we now have an official company whitepaper and details on tokenomics to find out everything we need to know ahead of TGE.

What Does the Whitepaper Reveal?

The whitepaper provides an overview of the long-term vision of Delabs Games, as well as information on the Delabs Platform, the $DELABS token, core contributors, backers, advisors, and their growing ecosystem of first-party web3 games, including a summary of their 4 in-house developed games (Boxing Star X, Rumble Racing Star, GIGACHADBAT, and Ragnarok Libre), and details on 4 of their NFT collections: Delabs Adventure Pass, the Delabs Libre Pass, Delabs Ladybuggy, and Metabolts PFPs.

As most of these details are already fairly well-known, let’s focus on checking out what the newly-published tokenomics look like before the token officially goes live.

$DELABS Tokenomics

The tokenomics reveal that there is a total supply of 3,000,000,000 $DELABS tokens. This 3 billion token supply is allocated across the following 6 categories:

  • Airdrop & Community Rewards: 32%
  • Ecosystem: 23%
  • Investors: 20%
  • Team: 17%
  • Advisors: 5%
  • Strategic Investors: 3%

When it comes to the token airdrop and community rewards, 30% of that allocation will unlock at TGE, with the rest to be distributed through a 24-month vesting schedule. This allocation directly rewards long-term and engaged players who have been consistently taking part in the studio’s play to airdrop campaigns, such as Press Play On The Future for Boxing Star X.

The Ecosystem category is focused on powering key elements such as liquidity management, developer grants, infrastructure expansion, and strategic partnerships. 67% of this allocation is planned to be unlocked at TGE, with the remainder releasing over the course of 36 months.

As for investors, 0% of their tokens unlock at TGE as there is a 6-month cliff, after which tokens will begin unlocking over the course of 18 months. By setting up the vesting schedule this way, the official X thread states that this long-term capital is “strategically aligned with sustainable ecosystem growth.”

When it comes to the team, none of their tokens unlock at TGE either, and they in fact have their tokens locked for 12 months instead of 6. A year after the token has launched, the team’s allocation will start releasing throughout 36 months, ensuring “long-term alignment and commitment” from the game dev.

Advisors will not have any tokens unlocked on TGE as well, with their allocation also using the same distribution structure as the team does, meaning a 12-month cliff followed by a 36-month vesting schedule to foster “deep commitment and alignment.”

Last but not least are the Strategic Investors, whose tokens are locked for 6 months before they start releasing throughout 18 months. No token unlock at TGE for this strategic capital that is said to be “aligned with ecosystem support.”

“$DELABS is powering a live gaming ecosystem designed to scale sustainably, reward real play, and retain lasting community value.”

Learn more about the $DELABS tokenomics and the ecosystem in general by checking out the official 26-page whitepaper.

If you’re wondering who specifically belongs to the investors, advisors, and strategic investor categories, then you should check out the latest fundraising announcement down below.

Fundraise Details

Delabs Games has announced a successful fundraise of $17.2m in total funding, with the investment led by Hashed (from Seed to Series A round), The Spartan Group, and TON Ventures, while being backed by the studio’s parent company, 4:33 Creative Lab. Various other participants also backed the blockchain gaming company, including Yield Guild Games, Planetarium Labs, Merit Circle, Polygon, and many more.

According to the announcement, this funding will be used to bring mid-core gaming right into your favorite social apps while heading into “the next frontier of gaming powered by AI.”

Back in March 2024, it was revealed that Delabs Games raised $12 million in funding rounds, meaning they have been given a $5.2 million boost since then.

In the meantime, don’t forget to pre-register for Ragnarok Libre and earn potential $DELABS rewards by referring friends. You can also tune in to the upcoming townhall AMA on July 25 at 11 AM UTC, when the studio's co-CEOs look set to cover all the details you need to know for the upcoming $DELABS TGE.