By
Svetlana Soroka
April 24th, 2024
The Kingdom Quest game has scheduled an initial DEX offering (IDO) on August 19th, 2022, with the Beginning’s launch set in September 2022.
Blockchain technology has experienced increased attention in the past few years, fueled by the crowd-based economy brought up by the Covid pandemic. Zooming into blockchain technology, one sector that has shown remarkable resilience despite increased government regulations is the NFT industry.
Institutional investors have proliferated the NFT industry through the decentralized financial ecosystem over the past few years. No wonder a single NFT created by artist Beeple could go for $69 million and receive overwhelming bids.
Meanwhile, institutional investors are rushing to build infrastructure that could see the next adoption of blockchain technology through gaming, NFT, and the metaverse ecosystem.
The gaming industry is expected to scale the NFT and metaverse global adoption. Moreover, the gaming industry has historically been favored by a notable chunk of the global population.
Kingdom Quest and the Modern Gaming Industry
Kingdom Quest, one of the rising stars in the blockchain-based gaming space, intends to expand to incorporate the concept of Metaverse in its ambitious gaming plans. Through the concept of the “4 game – 1 token” ecosystem, Kingdom Quest enables users to employ its native asset, the Kingdom Quest token (KGC) across the entire field of Metaverse.
To reach out to more users globally, the Kingdom Quest gaming platform will be available on multiple devices including iOS, Android, and PC. Mind you, the level of competition in the gaming industry has scaled so high, fueled by the blockchain, NFT, and crypto industry.
The Kingdom Quest game utilizes the $KGC token that has a total supply of 10 billion units. Notably, the team has been allocated 20 percent, staking 10 percent and P2E 24.5 percent.
In the play-to-earn section, by joining expeditions, campaign battles, and daily/exclusive quests, players will get ranked by Arena, and the reward token pool share will depend on their rank.
Notably, the Kingdom Quest game has scheduled an initial DEX offering (IDO) on August 19th, 2022, with the Beginning’s launch set in September 2022.
As for the rest of the KGC token supply, 1.5 percent has been allocated to the advisory board, 4.2 percent of the total supply to the seed round, 10.8 percent to the private round, 2 percent to liquidity, 8 percent to marketing, 4.3 percent to partnerships, 13 percent to the ecosystem, and the remaining 0.5 percent for the airdrop purposes.
Kingdom Quest is led by CEO Dat Le, who has 6 years of experience in Game Design and 3 years of experience in the IT industry. Mostly known for being the game designer of the megahit – 1945: Airforce (over 100 million downloads).
Some of the company’s notable partners include HuobiNFT, GameFi, Shima Capital, and Icetea Labs.