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I will show you exactly how to Participate on Remnant Intial Game Offering (IGO) on Thorstarter launchpad using Terra or Fantom Networks.
What is Remnant?
Remnant is a Free-to-Play Fantasy Anime crypto gaming project with Polygon integration. It's focused on its Play-to-Earn model, while offering valuable NFT farming to its users. Remnant is building on successful, time-tested game designs with the added appeal of blockchain tech.
Why Remnant?
Crypto gaming and NFTs have grown exponentially over 2021, with the narrative being that NFT farming is the next big thing. Remnant will be delivering on multiple value propositions, not only for the crypto enthusiast, but also for gamers that like to experience Free-to-Play games and popular Anime titles such as Genshin Impact or League of Legends.
The trajectory of Play-To-Earn gaming fits well with the product Remnant is building, with high ease of access, onboarding, and speed of play. The Remnant team has designed everything with ease of adoption in mind Games requiring minimum possible seconds from landing on their page to playing.
$REMN IDO Overview
Date: Thursday January 27th
Time: 15:00 UTC
Location: https://app.thorstarter.org/
Total Raise on Thorstarter: $200,000
Price: $0.00065 per $REMN
Tokenomics
They are as Follows :
Tokens: 10 Billion $REMN
Initial Market cap: $533,000
Initial game offering (IGO) 7% (1.4% at TGE)
Play-to-Earn(Eco) 25% includes NFT staking and multiple game titles.
Seed 12% (1.5% at TGE)
Private 6% (0.9% at TGE)
Development 4% (0.4% at TGE)
Staking 18% Earns $SHARDS over time through staking.
Team 12% with 6 month lock and 36 month vesting. marketing & advisors 6% with 6 month lock and 36 month vesting.
Liquidity 5% (4% at TGE) Swap & exchange liquidity
Treasury 5% For use when needed, vested
Development 4% Subsidize & boost future development, vested
Initial Supply Breakdown
Initial Supply: 820M (8.2%)
Initial Market Cap: $533,000
Fully Diluted Cap at Token Generation Event(TGE): $6.5M
Supply Breakdown:
Initial supply: 820M (8.2%)
IGO: 1.4%
Market Liquidity: 4%
Seed: 1.5%
Private: 0.9%
Development: 0.4%
Total is 10,000,000,000 tokens.
How Remnant Works
Remnant's first service is a staking platform for NFTs. If you stake Remnant NFTs or partner NFTs, you earn $REMN. Remnant’s second service is Play-to-Earn gaming. By playing Remnant's titles, you earn $REMN. If you stake $REMN, you receive SHARDS, an in-game currency needed to purchase NFT characters and items. You can repeat this cycle as shown in the picture below:
Learn more about the Remnant Ecosystem from their whitepaper here or their website.
The Remnant Token ($REMN)
This is the core multi-utility token of the Remnant platform. Its key utilities are:
Stake for APY% and gain $SHARDS over time (time-lock mechanism)
Burn to receive heavy boost in $SHARDS gains over time
Used to purchase Raffle tickets for weekly draws
Governance on game balance decisions
Acts as the primary currency during special event sales of in-game items, in-game land, in-game characters.
Next, I will show you how to Participate on Thorstarter IDO by buying XRUNE tokens in Terra block chain in order to state on Thorstarter website. Remember even though Remant IDO is launched on Fantom Network, You can still stake your XRUNE tokens in Terra block chain. Official Thorstarter site says on Remant Fantom IDO you can still participate on Tiers with Terra Network XRUNE staked tokens.
How to Buy Luna Tokens
First, In order to participate on Thorstarter IDO, you need to purchase LUNA tokens. I would buy Bitcoin from App like Strike with no fee just $100 buy spread between market price of Bitcoin and buy price of bitcoin. Send it to a great exchange like CoinEx without any transaction fees because Strike App uses Bitcoin lightining network with zero transaction fees. Use those Bitcoins to buy LUNA tokens. CoinEx withdrawal fee for LUNA tokens is like 0.02 LUNA. It is like $1.60 at current price of Luna at $80. Send those LUNA tokens to Terra Station Wallet. You need to create a Terra Station wallet. Easiest is to install Terra Station Chrome Extension wallet. I will provide links to it. You need to setup seed phrase and never share that will anyone. You can also install Terra Station android and IOS app as well for extra safety to confirm your seed phrase is correct before you send funds to it.
Second, You need to buy Terra (Luna) token from a centralized exchange. I use coinex.com because withdrawal fees are 0.02 Luna and trading fees are very low as well. I will provide a link below to Coinex exchange as well. Withdraw this Luna to the terra station wallet address. Terra Staion wallet address is the top wallet address just like Metamask. Click the copy button and copy the wallet address. Go back to Coinex withdrawal tab and past the address. Since you are withdrawing to private self custordy wallet, you do not need a memo. Click null. Click Submit and enter the 2FA code provided by Authenticator app. Confirm your withdrawal and your funds will arrive in few minutes. If you do not see your funds in a few minutes reflesh the Terra Station app.
Swaping Terra (Luna) Tokens for Xrune and UST
I used the official Terra Swap to swaping Terra (Luna) Tokens to Xrune. Remember you need 2500 Xrune for tier 1 to stake on Thorstarter.org/IDO website. You also follow similar way to swap out Luna tokens for UST. At the shooting of this video, 1 Luna token is around 93 UST or 93 dollars.
Staking Xrune on Thorstarter
Go to Thorstarter.org/IDO website. Click on Tiers. Click Deposit and deposit based on your tiers. I want only to stake at Tier 1 so I need 2500 Xrune tokens. As of shooting this video Xrune is at $0.24. So Tier 1 needs 2500 tokens at current price it is little over $600. In order to deposit Xrune for staking you need to connect your Terra Station app and select terra blockchain. Thorstarter is multi chain IDO platform they support multiple block chains in including Ethereum and Fantom right now. Solona in the future. I hate IDO on Ethereum because I have to pay $150 in fees to deposit funds for staking another $100 to deposit ETH or XRUNE depending on each project requirements. They pay another $100 to claim my tokens after the Token Generation Event (TGE). With this Terra's Remant IDO, you have to deposit UST stable coin. I expect around $100 in UST for Tier1 allocations. As of this shooting this video there is no Terra staking pools opens. I have to come back close to the IDO date of Jan 3, 2022.
After you have staked Tier1 tokens on Thorstarter.org, You have to come closer to the launch date and experess interest on the IDO by signing the transaction. No gas fees are required. Remant team want to know how much interest IDO they have from the staker they have to calculate how much UST you need for each tier. If there are so much interest on this IDO sometimes tier1 users are lottery like they did for Mine Network IDO. On the day of Launch Jan 27rd 2022 you have only 1 hour usually 10 am Easter standard Time to deposit your $100 of UST or USDC to be on the IDO. Official IDO websites will tell you exact way to invest in tokens at IDO price of $0.00065 per token. Tokens are released usually 3 days after Jan 3rd. Some project take longer.
IDOs are very risky. Private investors will be dumping as soon as they get the tokens because public IDO sale price is much higher private investors and for earlier seed investors. Given IDO is in terra blockchain, gas cost are very low under $1 per transaction compare to hundred dollars per transaction in Ethereum. You can lose your principle as well when Xrune staking tokens drop in price. I bough Xrune right before Laurt IDO at $0.25 and look it dropped to $0.19 as of shooting this video. In IDOs you can lose money with the Tiers IDO tokens. Currently, Crypto market is not that hot so, Remant token might keep dropping in price after TGE event.
I am not a investment advisers. What i provided here is not investment advice. Do Your own research!
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XRUNE Terra address: terra1td743l5k5cmfy7tqq202g7vkmdvq35q48u2jfm
XRUNE Fantom address: 0xe1e6b01ae86ad82b1f1b4eb413b219ac32e17bf6
