Earthmeta Earthmeta

Parsec Frontiers Announces Start of Token Crowdsale Opening Way to Stars Colonization

April 27th, 2018 at 11:17 am UTC · 2 min read

On May 15, Parsec Frontiers, an online game about humanity’s colonization of the stars and planets in the Milky Way, starts the crowdsale of its tokens. The project has already succeeded in early presale stage. The team raised more than 700 ETH in January  during the closed sale round, while the soft cap for the sale was 400 ETH.

There is not much time left before the stars will be open for travellers! Galaxy exploration starts in December 2018, when the first Ark ships leave the Earth, and about 900 spaceships will frequently leave the Earth for the following three months. After this, all additional spaceships must be crafted by players. The game is planned to be feature complete in December, 2019.

“We are targeting regular space/strategy MMO game fans, to reach beyond the traditional crypto gamer crowd that buys crypto kittie tokens on Ethereum,” comments Henning Rokling, the project founder. “We are creating a full blown MMO for hardcore strategy gamers, with blockchain as an underlying technology.”

Why Parsec Tokens?

Parsec Credits will be the only accepted currency for the spaceship and space station auctions. And the crowdsale is the  last chance to buy this currency, as all unsold tokens will be burned. if you are late to buy Parsec Credits, you will have to go on an exchange to get involved in the game.

To incentivize holders of Parsec Credits, a deflationary mechanism relating to all in-game value transactions will reduce the money supply in the economy. Trading exchanges on space stations and planets are either operated by the game’s backend or are owned by players who has purchased an exchange.

Every transaction on a trading exchange will be subject to a transaction fee paid by the seller from the achieved sale price. The fee has a fixed portion of 3% paid to the server wallet, and an optional portion of up to 2% paid to the exchange owner’s wallet as per the exchange owner’s discretion.

The game thus contributes 2% of all transactions proportionally to all token holders by reducing the total money supply in the economy.

More details are available in project White Paper.