Galaxy Games Announces Private Round Token Offering February 16th On TrustSwap Launchpad

Onuora Amobi ·February 12, 2024

TrustSwap

Galaxy Games, a game development studio that is bridging the gap between Web2 and Web3 gaming, has announced the Private Round launch of the $GAGA token on TrustSwap Launchpad starting on Feb. 16th, 2024, at 5:00 PM UTC.

Introducing Galaxy Games

Galaxy Games is a AAA video game development studio that aims to create world-class gaming experiences to connect Web2 and Web3 players from all around the world through an immersive and rewarding gaming ecosystem.

They are the first gaming ecosystem to release Web2 products on Steam, Xbox, and PlayStation that empower gamers to easily transition to Web3 in a frictionless way.

Solutions For Web3 Gaming

AAA Quality: The quality of most Web3 games is very low compared to game industry standards. This creates obstacles to attracting real players interested in a good gaming experience. Galaxy Games is developing AAA-quality games with immersive storylines and stunning graphics that will attract dedicated gamers and retain their interest over time.
Sustainable Economics: Most people who play Web3 games are speculators trying to make money and are not doing it for the game experience. Galaxy Games is focused on sustainable in-game economies that prioritize direct asset ownership of scarce digital resources and collectibles to attract real gamers.
Mainstream Gaming and Console Integration: Web3 games have had a hard time getting hosted on mainstream gaming platforms that are not always friendly to blockchain-based games. Galaxy Games has already listed their first game, Haunted Space, to be distributed on multiple top-tier gaming platforms, including Microsoft Xbox, Sony PlayStation, and Steam.

Haunted Space

The highly-anticipated release of their first game, Haunted Space, is scheduled for release in Q2 2024 and is already generating a lot of excitement in the gaming community.

Haunted Space - Single Player

Haunted Space incorporates proven elements from other successful space games, such as mining, crafting, and trading of resources. However, it also introduces unique features that set it apart, such as an eerie and unsettling visual style that features the presence of creatures, titans, and ghosts. Compared to traditional space simulation games, Haunted Space has a grittier and more raw feel.

The positive reception to these additions is evident from Steam wishlists, which have surpassed 20k organically, as well as the thousands of positive comments under the game trailers released by IGN and PlayStation.

Haunted Space Origin - Multiplayer
The following version will be an innovative and engaging Free-To-Play MMO game available on the Epic Games Store. The primary objective is to compete within the Web2 multiplayer free-to-play market, with a focus on attracting gamers who are comfortable spending money within games but may not necessarily expect an economic return. They aim to leverage the benefits of Web3, such as asset ownership, rather than relying on economic incentives like play-to-earn (P2E) games.

Business Model

Target Market:

The target market is the worldwide community of Web2 and Web3 gamers.

Competitive Landscape:

The main competitors in this space are Star Conflict and Star Wars Squadrons. However, Haunted Space is set to be quite different, with features including a skill-based, competitive space arena and blockchain integrations that allow for real asset ownership through NFTs.

Revenue Streams:

Single Player sales (Full game + DLCs)
Other future IPs (new projects or sequels)
NFT sales: Battleships, Loot Boxes
Token sales (after TGE with OTC deals)
Marketplace fees (Every sale will generate 5% revenues)
In-game hard currency sale (in-game currency can be purchased both in GAGA token or Fiat currency)
Merchandising

Go-To-Market Strategy:

Galaxy Games is adopting distinct strategies for each title.

For the single-player game, a premium game available on Steam, PlayStation, and Xbox, they have partnered with a leading Web2 PR and influencer agency to maximize reach. This campaign will utilize various channels such as prominent media outlets (including platforms like IGN), influencers, industry events (like our presence at this year's GDC), and targeted paid advertising.

Conversely, the marketing for the free-to-play multiplayer game will be more progressive. Each update or new mode release will be accompanied by strategic marketing through influencers and paid advertisements.

Galaxy Games is also forging partnerships with other Web3 gaming projects, DAOs, and similar entities, with the ultimate goal of driving engagement among a diverse user base through these interconnected and complementary strategies, all converging towards a shared objective of widespread engagement.

$GAGA Token Utility

$GAGA token will be the core of the in-game economy, driving community involvement and its impact on the vast and constantly expanding gaming eco-
system of Galaxy Games, starting with their flagship title, Haunted Space.

$GAGA Token can be used to purchase in-game currency and can be staked to access:

Exclusive events
Creator programs
Multi-game leaderboard rewards
Clan creation and management
Limited-edition skins and NFTs

Stakers can also receive occasional Airdrops of digital assets from within the Galaxy Games ecosystem.

$GAGA will be utilized in similar ways for future games developed by Galaxy Games to evolve with a constantly expanding set of utilities and a user base that continues to grow over time.

A portion of revenues will be used for buy-back-and-burn campaigns to create deflationary mechanics and increase token scarcity over time.

Meet The Team

40 team members built our gaming ecosystem, full medium article about initial team:

https://hauntedspace.medium.com/5-team-incubator-410c86c8475c

FOUNDERS:

Luca Michelotti (Founder and CTO)

https://www.linkedin.com/in/luca-michelotti/

Giorgio Xhaxho (CEO)

https://www.linkedin.com/in/giorgio-xhaxho-4a23005/

Ivan Venturi (Game Director)

https://www.linkedin.com/in/ivan-venturi-05254b18/

Roadmap

Learn More

Click the links below to learn more about Galaxy Games and Haunted Space.

Token Offering Details

This is a Private Round token offering for $GAGA token.

$GAGA token is launching on Avalanche and Beam. TGE is scheduled for Q2 2024.

Tokenomics

Secure Launch Process

To ensure a smooth launch, the Galaxy Games team has agreed to:

Have their domain fully SSL certified one week prior to the launch date.
Have their domain protected by Cloudflare and share the proof with TrustSwap prior to the launch date.
Disclose the vesting schedule of all tokens, including team, strategic investors, private presale, influencers, etc.
Distribute tokens to launchpad participants within one hour of exchange listing.
Provide the timeline for token distributions and distribute tokens within a one-hour window of the agreed-upon time.
Have at least one community moderator on each social platform (Twitter, Telegram, etc.) actively available 24 hours a day for the first 7 days following the launch.

Participation and Allocation

This Launchpad offering is for a Private Round allocation of the $GAGA token. Anyone who wants to join can apply, but application does not guarantee an allocation.

As always, anyone with a $SWAP Staking Score of at least 4,000 can receive a guaranteed allocation provided that individuals (and entities) pass KYC (jurisdictional restrictions apply). Token allocation will be split up among eligible participants proportionately based on their percentage of the total combined Staking Scores. Any unclaimed allocations after the initial funding round will be offered to those who might otherwise be ineligible.

Visit the TrustSwap Dashboard to check your staking score. You can add more SWAP and/or increase the duration of your stakes at any time to increase your Staking Score. To learn more about Staking Scores and the TrustSwap Long-Term Staking Pool (LTSP), read our comprehensive blog post.

Step-By-Step Guide

Prepare for Launch Day by ensuring that your SWAP stakes are topped up before the snapshot. You can also complete your KYC in advance.

On February 16th, 2024, at 5:00 PM UTC, the application window will open for 24 hours. During this time, go to the TrustSwap Launchpad and click the “Start” button to apply. The snapshot will be taken at 5 PM UTC on February 17th, 2024 (24 hours after the launch event begins).
Complete all of the steps required for KYC verification. This can be done in advance at any time for free in just a few minutes. To save time on launch day, complete your KYC registration now.
On February 17th, 2024, at 5:00 PM UTC, the application portal will close, and a snapshot will be taken of all active SWAP stakes. There will then be a waiting period of up to 48 hours as the team finalizes internal processes.
Successful applicants will receive an email confirming their total allocation (the maximum amount they are allowed to contribute to the token offering) and asking how much they wish to contribute. Individual allocations will be either the full allocation or the pledged amount, whichever is lower.
You will have 24 hours to send funds. After 24 hours, your position will be given to the next in line, and you will lose it. Payments must be sent in USDC or USDT on either Ethereum (ERC20), BSC (BEP20), or Polygon (MATIC) blockchain.
Any tokens that are unclaimed after the initial funding round may be offered to those who applied successfully but were not eligible for guaranteed allocations.

How To Prepare

Based on the requirements set for a guaranteed allocation, stake your $SWAP tokens in the Long-Term Staking Portal before the snapshot on 2/17/2024 at 5:00 PM UTC.
Take a photo of your government-issued ID card (Passport, Drivers License, or any other form of government-issued ID card that has your photo in it).*
Take a selfie of yourself holding the ID card along with a note that reads: “GAGA 2024”.*
Make sure to follow the TrustSwap Announcement channel for updates and confirmations.
Submit your details and documents at any point during the 24-hour launch window at https://dashboard.trustswap.org/app/launchpads.

Note: Steps 2 and 3 are not necessary if you have an active KYC registration. You can save time by pre-registering at https://dashboard.trustswap.org/app/sekuritance.

Who Can Participate in the $GAGA Token Offering?

Anyone not domiciled in the USA or UN-sanctioned countries can participate in the $GAGA Private Round token offering.

Disclaimer: Launchpad dates and details are subject to change. This is not an endorsement, partnership, or offer for investment by TrustSwap. Galaxy Games is using the TrustSwap Launchpad as a customer, with specific requests as to how they need their launch to operate. TrustSwap is a provider of non-custodial, smart-contract-based software services. Digital assets carry a high level of risk. Participation is performed at your own risk. Exercise caution and conduct your own due diligence.

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