CrimeCash IDO — Everything You Need To Know

The long-awaited, first announced CoreStarter IDO is here! We were working hard to find a little Gem for our community and when finished reading this article, you will see this is it. Not only is it based around a highly addictive style of game, it has a brand new set of tokenomics that have never been used before with two in-game currencies. It’s a welcome change to the repetitive style of games that are currently being released.

The first thing about CrimeCash is the most important, it isn’t ‘in development, it isn’t raising funds to ‘create’, the game is built and ready to go. With congestion on the Binance Smart Chain and a few issues with delays of minting on BSC the team decided to migrate this over to Fantom network. Why? Well if you are familiar with Fantom you will know, lightning-fast speeds, extremely low transaction costs, and is highly secure. The game will be released in late January.

What is CrimeCash?

CrimeCash has taken the style of the old, addictive mobile games we played when smartphones first came out and turned them into a p2e game that will have you not only walking down memory lane but earning $CRIME or $CCASH while doing so. You will loot other players for their $CCASH and power up to try and create the largest, strongest gangster in town. Using your gold ($CRIME) you can mint special NFTs or Perks that will help you gain the upper hand against other gangsters! Use your referral code to bring family and friends to the game and get free $CCASH to buy more weapons to power up!

The Tokenomics of the Game

We mentioned a brand new set of tokenomics never seen before, here we will explain how this works as it is VERY important to understand when participating in the gold ($CRIME) IDO on the 22nd December. The Cash ($CCASH) sale will be in January on a platform to be announced as this is an in-game currency. I will outline the value of Gold and briefly explain Cash. We will put another article out soon to explain the entire game mechanics.

Gold ($CRIME) — Date 22nd December 12pm UTC — Raise amount $100k — TGE 29th December

Gold IDO will be on CoreStarter taking place on the 22nd of December. $CRIME is a Fantom token which means you will need to add the Fantom extension to your Metamask wallet in order to receive your tokens. The mechanics of gold are similar to other tokens with a few changes. One gold will be worth $200 to start off, you don’t have to buy entire pieces you can still buy in fractions the same as all other currencies! There will only be 10,000 Gold ($CRIME) in circulation at the start of the game. Gold is designed for the gamers and not the VCs and private investors, any large funds who buy in to support the project pay twice the price so $400 per gold BUT theirs is still worth the same value as yours, $200 per gold. This is to ensure price stability and stop dumping in large volumes. The second feature of gold which makes it unique is a burning mechanism. Whenever you sell your gold it will automatically burn 25% of it so you will only receive 75% of your total value! Why? Again, this is to stop dumps, also to help make this an even further deflationary asset! Gold will be listed on Exchanges following TGE, and you will be able to sell — but remember you need to take into account the 25% burn when you sell.

In-game you can use Gold to mint special NFTs and perks that will help give you the upper hand against the competition. The NFTs that you mint with gold will cost you 0.1% of the total circulating supply (so the price will vary) and these are kept FOREVER and will carry through to the next round. Gold is also the reward for the winners of the round! We will go into more detail in the next part of the article, but at the end of each round, there will be 1000 gold minted. Of 1000; 5% (50) is shared between CrimeCash team/advisors and 95% (950) is shared between the winners! This keeps a slow and stable amount of Gold coming through the game and as it is Burned, and bought back by the team, this way gold will climb in value.

With burning mechanisms, buy-backs, in-game purchases of NFTs that roll over to the next round and twice the entry price for Investors, Gold is designed to increase in value over time!

Cash ($CCASH) — Date TBA January — Platform TBA — Raise amount TBA

Cash will be raised on a separate platform as it is an in-game currency! This will happen just before the main game release later in January. The $CCASH token is designed to depreciate, so go down in value over the game.

Cash is purely an in-game currency. You can use Cash to buy assets (weapons) from the store and also stake using the in-game system, AND you can create an LP token in-game to earn even higher rewards pairing with FTM or other tokens. This will help increase your cash holding as the round progresses. LP tokens will be given back at the end of the round to redeem. Your Cash can be held in your wallet, or in your Bank if you are going for the grand prize.

We will have more information on cash in another article.

How does the game work?

So we mentioned a never-before-seen set of tokenomics earlier right? CrimeCash is played in 30-day rounds, with the winners at the end those who have the highest power, the largest gangs (most referral code uses), and the users with the most $CCASH. We will give a brief overview, but another article will follow shortly explaining in detail! 1000 Gold tokens will be minted at the end of each round, with 95% (950) being shared with winners, and 5% (50) being shared with the development team.

You can use your Cash to buy assets (weapons) from the store, and you can use your Gold to mint NFT’s using the NFT wheel! It will cost 0.1% of the circulating supply of Gold to mint an NFT. You have two options; Weapons and Perks. The best thing about this is we don’t favor the large gold holders, it is random. Everyone has the same chance at getting all weapons and perks! That creates a level playing field for all, this fits perfectly with CoreStarter and our vision of power back to small investors! There are differences with assets bought in the store and minted as NFTs. NFTs are minted as it says, which means they are digital assets. Items bought in-store are just in-game ‘assets’. At the end of the round all $CCASH is burned, but so are ‘assets’ bought in store. The only thing rolled over in the game will be the NFTs you mint using gold! That means if you do this you will have the upper hand going into the next round.

Questions about pools being open and listing on CMC

You may have noticed that pools of $CCASH and $CGOLD were already in circulation, this is because the beta game has been released and tokens needed to be minted to ensure the game worked correctly. As the tokenomics are brand new, it is important to make sure this is all functioning before the IDO and release the main version of the game! “We realise that opening a pool for beta testing has confused many users, we apologise for that! We have taken snapshots and are closing the current pool to avoid any early trading before the game starts” Please note, buying any $CCASH or $CGOLD will not give you an advantage, remember all cash is burned at the end of a round, and the $CGOLD is moving to a new contract $CRIME.

We hope that this has helped explain the game, and has given you a better understanding of how this addictive game will be sure to turn heads! It is a brand new concept that completely breaks down barriers to entry! We will be hosting an AMA on the 18th of December in our CoreStarter chat at 1 PM UTC. After reading this if you have any questions please submit them to me on telegram @jay_corestarter and I will help answer these during the session. There will be no rewards during this AMA, it is purely to help you understand all of this. We will host another AMA with rewards including in-game NFTs, Gold, and Cash before the official game release!

Join our community on Telegram and follow us on Twitter for the latest updates!

Website | Telegram Announcement | Telegram Chat | Twitter | WhitePaper

--

--

--

CoreStarter is a cross-chain IDO launchpad with a high-yield staking system based on Solana and other blockchains like Matic, Polkadot, Ethereum, Binance, etc.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Insured Finance — The Future of Digital Asset Insurance

The Next Generation of Wallet: Guardian’s SuperWallet: Part 3

Introducing the Poolz Secured IDO Model

Mining ETC is still profitable now

Is Bitcoin Just an Experiment?

MetaGround Wallet

Bot Planet DuckSTARTER — Refundable IDO

Performance Update: May 2022

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
CoreStarter

CoreStarter

CoreStarter is a cross-chain IDO launchpad with a high-yield staking system based on Solana and other blockchains like Matic, Polkadot, Ethereum, Binance, etc.

More from Medium

CoreStarter New IDO: Enrex

IDO ANNOUNCEMENT

Partnership — Hdstr

New Partnership with IDO Launchpad 💛