On November 29th, SHRAPNEL (SHRAP) officially debuted on HotsCoin. SHRAPNEL is an AAA-grade FPS game that leverages blockchain technology, integrating skill-based competition, creative modeling tools, and genuine digital ownership. As a competitive multiplayer first-person shooter, SHRAPNEL has built a rich set of player creation tools on the blockchain platform, blending combat, creation, management, and connectivity, empowering players to own the platform and shape its future community. Currently, SHRAP is open for trading on HotsCoin.
Token Information
Total Supply: 3,000,000,000 SHRAP
Fully Diluted Market Cap: $527,932,081.68
Key Events
2023-10-25: SHRAPNEL completes $20 million Series A financing
2022-04-11: SHRAPNEL completes $7 million private placement financing
2021-11-12: SHRAPNEL completes $10.5 million financing
Economic Model
The core of the Shrapnel economy is the SHRAP token, an ERC-20 token created on the Avalanche C chain and introduced for use within the SHRAPNEL subnet. On April 29, 2023, 3 billion SHRAP tokens were generated.
Publishing
All Player-Created Content (PCC) on the platform will use SHRAP tokens as non-fungible digital items published on the blockchain. Through blockchain technology, players can assert ownership of their creations, covering callsigns, badges, skins, maps, and vanity items. Players can choose to sell, auction, or retain ownership of their creations.
Governance and Promotion
All SHRAP holders have the right to promote maps and certain fashion items, influencing their discoverability through a voting mechanism. Based on the popularity of the content, promoters will receive partial performance rewards in SHRAP.
Gas Tokens and Transactions
The Shrapnel platform is designed to facilitate system payments to validators in the subnet, providing a gas-free experience for players and creators. Additionally, SHRAP tokens serve as the exchange medium in the Shrapnel marketplace.
Conclusion: SHRAPNEL, through innovative blockchain application in the FPS gaming sector, provides players with a new experience of digital ownership, decentralized governance, and content creation. The designed economic model positions SHRAP as a core element for transactions and incentives within the platform, supporting the sustainable development of the gaming community. However, investors should closely monitor the competitive landscape of the gaming industry and the user adoption of the SHRAPNEL platform.
HotsCoin will continue to observe the ecosystem of this project. (Report writing date: November 2023) The information in this report is for reference only and does not constitute investment advice. Before investing, it is essential to fully understand the relevant project and risks, and seek professional advice when necessary.
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