Endless Clouds Foundation has finally announced July 4, 4 PM GST as the launch date of $END, the token that will power Treeverse and future games within the developer’s web3 gaming ecosystem. Initially confirmed to be launching within June, it looks like the TGE is now arriving with a slight delay. The announcement comes just a day from token launch, but more important info on tokenomics was revealed earlier. Let’s check it all out!
Treeverse is a top-down MMORPG currently playable in alpha as a free to play title on Windows PCs, Android, and iOS via the Epic Games Store, Google Play Store, and Apple App Store respectively, the links to all of which can be found on the download section of the game’s website.
This cross-platform blockchain game has players enjoy classless gameplay in a fantasy open world solo or with friends. Collect resources and blueprints while exploring diverse environments and fighting a wide range of challenging monsters in order to craft legendary gear.
The mobile-first title has been in development for the past 3 years by Endless Clouds, who have partnered with the Endless Clouds Foundation to create the upcoming token. The foundation has raised a total of $6.25m from various backers and angels, including Animoca Brands, GameFi Ventures, SkyVision Capital, Alex Becker, Gabby Dizon, and many more.
A Season 1 reward campaign went live earlier this year, and 3000 eligible players are set to be airdropped tokens on TGE day without needing to claim anything. From this first season, over 13 million $END tokens are being evenly distributed based on leaderboard ranking, with the top 10% of players set to evenly receive around $500 worth of crypto rewards from a prize pool that consists of 150k $IMX tokens, 1.25 million $MON tokens, and 20 ETH. Players can check if they’re eligible for any rewards on the foundation’s website by entering their Immutable zkEVM address. As for NFT holders, that is, Nftrees, Treeverse Plots and Timeless holders, a snapshot seems to have taken place on June 27. If you’re eligible as an NFT owner, you will have to claim your tokens on the foundation’s site on the day of TGE.
Here’s how the token will actually work.
The $END token is an ERC-20 token of the Endless Clouds gaming ecosystem. As such, it will be the first premium currency to power Treeverse, and will also be used by any other blockchain game that ends up becoming a part of this ecosystem.
In terms of utility, $END is set to be used to gain access to exclusive game features and cosmetic content, while also being utilized for any additional sales of physical and on-chain assets. Players will be able to earn $END through seasonal gameplay rewards, event prize pools, mini campaigns, and more, with reward distribution handled by the foundation team in partnership with the developers of Treeverse and teams of any other future games that may use this token.
Last week, Treeverse launched the $END whitepaper on June 23, giving us an overview of the ecosystem and a bit of info about the token itself. Namely, we found out that it will be an ERC-20 token with a total supply of 500 million, with Ethereum L1 and Immutable zkEVM being its main chains. We didn’t have more detailed info on the full tokenomics back then, but the foundation team followed up on June 28 with essentially all the allocation details you need to know before deciding on whether you should participate in the launch of this new gaming token.
Next to having a total supply of 500 million tokens, we now have full tokenomics that reveal that $END will launch with a circulating supply of 155.5 million tokens, which is 31.1% of the total supply. But how are tokens actually allocated?
The current tokenomics that have been provided give us both a simplified and detailed breakdown of supply allocation.
Here is how the supply is allocated in simplified terms:
So, a bit over half of the supply is allocated towards community rewards, with the team and investors together holding almost half of the total supply, though only a small amount of investor tokens will unlock on launch day. But what are the vesting schedules and how are all these categories further subdivided? Let’s check out the detailed allocation breakdown:
At the time of writing, the whitepaper hasn’t been updated with this info, but you can find the tokenomics as an image in the previous June 28 X post, and in the official X announcement thread below.
The $END TGE is set to launch on Ethereum L1 with a bridge to Immutable zkEVM. This means that this is a DEX-only launch, although the team hasn’t stated which decentralized exchange will the token be initially tradable on.
Speaking of tradable, it looks like the token won’t actually be tradable straight away on July 4, as according to this post from the official X thread above, the foundation wants to make sure NFT holders can smoothly claim their tokens. The plan is to give everyone eligible 48 hours to claim their tokens, after which the team will unpause trading and allow anyone to actually buy and sell tokens. They will put up an official announcement after the claiming period is over, meaning that trading is actually expected to begin on Monday, July 7, but it's to keep an eye on official social channels from tomorrow anyways if you want to make sure you're among the first holders of this new token.
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