Sugarverse, a Web3 mobile gaming ecosystem with sustainable rewards and a 60m+ Web2 player-base, has announced the launch of the $CNDY token on TrustSwap Launchpad starting at 5:00 PM UTC on December 2nd, 2024.
Introducing Sugarverse
Sugarverse is a series of five candy-themed mobile games, each exploring different gaming genres with self-sustaining token economics.
The Sugarverse game mechanics are based on a non-zero-sum model. This means that games always create a situation where there is a net benefit not based on the game's outcome. On average, Sugarverse generates a 7% surplus from Multiplayer mode. The innovative game model supports a sustainable token ecosystem.
Demand for Web3 mobile gaming in Southeast Asia, MENA, and Africa is exploding, and Sugarverse is filling this demand with high-quality casual mobile games that attract and retain users. By specializing in casual mobile games that feature unique art and engaging lore, Sugarverse is positioned to attract millions of players worldwide.
With over 18 years of experience and a network of 60 million players, the Sugarverse team has a strong foundation and extensive reach in the gaming industry. The team behind the Sugarverse has previously developed over 10 games and attracted 60 million combined players. This includes titles like Lady Popular (35 million players) and Khan Wars (25 million players). With experience in XS Games, Gameloft, and Crazy Labs, they have worked with international companies such as Mercedes-Benz, BMW, Nike, Adidas, and Red Bull.
Pioneering GameFi on Etherlink
As the flagship project of the GameFi industry on the Etherlink chain, Sugarverse aims to set a new standard. Its debut title, Sugar Match, targets an ambitious milestone: reaching 1 million users within its first 12 months.
This goal is backed by the team’s proven track record, having achieved similar success with a Web2 game that garnered 1 million players within just three months of release. With Sugar Match, the Sugarverse team is poised to bring that expertise to the rapidly growing GameFi space, driving adoption and setting the stage for Etherlink’s success.
Embracing Unisex Gaming
Established in 2006, the team behind Sugarverse has seen the release of over ten titles. Among them, Lady Popula became a standout success. Designed for female players, it highlighted a key insight: while 40% of all gamers are women, only 5% of games are tailored for this audience.
Inspired by this realization, Sugarverse games are designed to be inclusive while retaining the existing player base. This led to the Sugar-themed saga, a vibrant, universally appealing concept designed to resonate with people of all ages and genders.
By embracing inclusivity and diversity, the Sugar Saga offers engaging experiences that celebrate the evolving demographics of gaming.
Key Features
Some of the features that can drive significant adoption of Sugarverse include:
- A sustainable multi-game token economy powered by $CNDY
- Multiple play modes: PvE, PvP, Free-to-Play, and Play-to-Earn
- Deep game lore to build the fanbase and improve retention rates
- Focus on fun gameplay and beautiful design
- Simple Web2/Web3 onboarding with an intuitive interface
- 60M+ Web2 player ecosystem developed over years of successful game publishing
- 300K DAU across existing Web2 games, showcasing enduring player engagement
- Over 10 games developed and published, demonstrating expertise and consistency
- Proven 35% Day-1 retention rate, a benchmark for strong player onboarding
- In-house marketing tools ensuring cost-efficient CPA metrics for sustainable growth
- 60+ partners in the GameFi ecosystem, solidifying industry collaboration and support
Business Model
Target Market
Sugarverse is targeting male and female mobile gamers in Southeast Asia, India, South Korea, Japan, China, the MENA region, Turkey, Africa, and South America. To attract both Web2 and Web3 players, all games are available in both Free-to-Play and Play-to-Earn modes.
Revenue Streams
The primary revenue streams supporting Sugarverse are:
- PvP multiplayer buy-ins
- In-app purchases
- NFT minting fee
- Exchange fee
- NFT Breeding
- Guild Partnership Fees
Community Treasury
Sugarverse is a game ecosystem that is owned by the players and token holders. The implementation of a community treasury with a decentralized governance structure provides the bedrock for policies in web3 gaming to be decided on by the token holders.
The community treasury supports Sugarverse's long-term growth. Revenue streams from all games are bundled into one community treasury, which is then used to pay out to winning players. This mechanic ensures long-term sustainability with non-dilutive rewards.
Sustainable Rewards
The gaming industry has long grappled with a critical issue: the unsustainable rewards systems and the ever-depreciating value of in-game items. Despite the immense potential of the sector, this financial challenge continues to hinder its growth and player satisfaction.
Sugarverse provides a model that has already demonstrated its success in another industry and could revolutionize gaming.
“Spin-to-Win”
The online poker industry faced a similar challenge not long ago. Over time, poker tables were dominated by highly experienced players and bots, leaving casual players at a significant disadvantage. This imbalance made the game less enjoyable and fair for the average participant.
The introduction of the Spin-to-Win mode changed everything. This innovative 1v1v1 multiplayer format features a matchmaking system that pairs players of similar skill levels. It not only levels the playing field but also revitalizes the onboarding process for new players. Unlike traditional poker, where experience heavily dictates success, Spin-to-Win offers everyone—regardless of skill—a fair shot at substantial rewards, including jackpots as high as $100,000.
The most compelling advantage of the Spin-to-Win mechanic lies in its sustainability, a critical need for Web3 gaming ecosystems. Here's how the model works:
- Equal Stakes for All Players
Three players join a game with an equal buy-in using CNDY tokens. - Randomized Rewards
A spinning wheel determines the reward multiplier, ranging from 2x to 1000x the buy-in amount. - A Clear Winner
Only one player wins the prize, while the other two lose their buy-in.
This non-zero-sum mechanic ensures transparency, allowing players to understand precisely where rewards originate. Unlike traditional systems that depend on constant inflows of new users, this model thrives even with a small but active player base. For example, with just 1,000 daily active users (DAU), the rewards remain sustainable regardless of a decline in new player acquisition. The key is player retention and ongoing engagement from existing users.
Redefining Fair Play
By integrating Spin-to-Win mechanics, Web3 games can resolve the longstanding issue of unsustainable rewards while providing a fair and enjoyable experience for players. The system emphasizes transparency and long-term viability.
With proven success in the online poker industry, this approach offers a model that benefits both casual players and loyal enthusiasts creating a thriving ecosystem where everyone can win.
$CNDY Token Utility
Sugarverse utilizes a floating token-to-game points exchange system that keeps the value of in-game rewards relatively stable while the volatility is absorbed by the tradable $CNDY token. This gives the players predictability of rewards and makes the CNDY token the main currency in all five games.
$CNDY Token Utilities include:
- Staking for rewards paid in $CNDY
- Minting of Avatar NFTs (required for Play-to-Earn)
- Payment for NFTs, Cosmetics, Boosters, and other in-game items
- Buy-in for PvP mode
- Community Treasury Governance
Token holders will be able to vote for:
- Community Treasury expenditures
- Staking rewards adjustments
- Infrastructure expansion
- Token Burning
- Capital and Corporate partnerships
Meet The Sugarverse Team
Nikolay Mitev - Co-founder & CEO: Serial entrepreneur with extensive experience in Blockchain, gambling, gaming, marketing, shared economy, and knowledge in the cryptocurrency industry. Invested in numerous start-ups, some of which got funded millions of dollars and became well-known brands in their industries.
Philip Balkanski - Co-founder & COO: Philip has spent 16 years in the UK, where he completed his education with a Bachelor of Banking and Finance from Cass University. Then went on to establish a tech start-up called Printt that grew to be the largest consumer printing application in the UK with a community of over 450,000 active customers. He spent years growing the company through numerous rounds of financing. Philip is currently passionate about crypto projects and has a deep understanding of running large technical teams with a financial background in scaling companies. Founder of Codery – a developers outsourcing agency.
Hristo Tenchev - CEO XS Software: Co-founder of LockTrip, HydraChain, and Bitcoin7. Founder of XS Software, a gaming company with more than 60M registered players. Cofounder at Softuni - an innovative IT education center with more than 300,000 students. Hristo was listed in the European Forbes “30 under 30” as one of the most successful entrepreneurs in 2016.
Rado Tenchev - CTO XS Software: An avid gamer since childhood, Radoslav started his career in gaming 12 years ago. Beginning at the lowest ranks and rising through the entire development and marketing processes of a game, became the CTO of XS Software in 2017. Taking on different roles in the company, Radoslav has developed a love for game design and hasn’t stopped creating ideas ever since.
Iliyan Markov - CTO: With over a decade of expertise, Iliyan brings extensive experience in DevOps, cloud infrastructure, backend development, product development, network management, and team leadership. He has worked with NASDAQ-listed companies and major players in the creative industry such as Pinewood Studios, Technicolor, Warner Bros, Netflix, and Universal. Currently, Iliyan thrives in the startup ecosystem, turning innovative ideas into reality while pursuing the ever-elusive unicorn.
Alex Dimitrov - Games Production Lead: Alex oversees all game development in Sugarverse, driven by his passion for playing and creating games. With 19+ years in the gaming industry, he has contributed to more than 30 web and mobile titles. As the first Unity Certified Developer in Eastern Europe, Alex also mentors aspiring game developers in Unity 3D, C#, and software architecture. His career highlights include serving as Head of Game Development at XS Software, a Bulgarian gaming giant supporting millions of global players.
Damien Kesler - Head of Marketing: A results-driven professional, Damien brings vast experience in Web3, blockchain, and digital marketing. His expertise lies in community building, organic marketing strategies, and delivering substantial sales growth. With a passion for innovation, Damien integrates cutting-edge solutions into marketing, project management, and business development to propel Sugarverse forward.
Niya Vacheva - Head of Art: Niya is the visionary concept artist shaping the vibrant world of Sugarverse. From traditional portraits and book illustrations to indie game development, her diverse experience fuels her creativity. A self-described workaholic and chocoholic, Niya finds inspiration in everything around her, ensuring Sugarverse is visually captivating.
Stella Ivanova - Lead UI/UX & Graphic Design: Stella’s dedication to UI/UX design drives Sugarverse’s user experience and branding. With experience designing for popular mobile apps and refining user flows for over three years, she ensures that navigating Sugarverse is intuitive and magical, capturing the imagination of its audience.
Jeff Nowak - Advisor from Maven Capital: Jeff is a software engineer with 10+ years of experience in AI, IoT, and Web3. He provides strategic advisory and go-to-market expertise, having worked with top blockchain projects like Filecoin, IPFS, R3, and Polygon. Jeff specializes in fostering collaborative innovation for mass adoption in emerging technologies.
Sundeep K. Siripurapu - Advisor: Sundeep is a core team member and Launchpad Director at TrustSwap, with experience designing tokenomics and serving as a strategic advisor for 30+ projects in DeFi, GameFi, and Layer-1 protocols. His insights are integral to driving the success of Sugarverse in the blockchain ecosystem.
Nikola Alexandrov - Advisor: Nikola is the co-founder of HydraChain (HYDRA) and CEO of LockTrip.com (LOC). With seven years of experience in liquidity and high-frequency trading systems, Nikola also co-founded Bitcoin7, one of the top three exchanges by volume in 2011. Holding a BA in Business Administration from Portsmouth University, he brings invaluable expertise to Sugarverse’s strategic initiatives.
Roadmap
Learn More About Sugarverse
Click the links below to learn more about Sugarverse and the $CNDY token:
Token Offering Details
This offering is for the Public Round of $CNDY token launching on the Etherlink network (EVM Compatible). TGE is planned for Dec. 10th, 2024.
Tokenomics
Secure Launch Process
To ensure a smooth launch, the Sugarverse 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 (X, 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 Public Round allocation of the $CNDY token.
Anyone can apply for free, but the 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.
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.
For a short tutorial video on how to buy and stake SWAP, click here.
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 December 2nd, 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 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 December 3rd, 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 12/3/2024 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: “CNDY 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 $CNDY Token Offering?
Anyone not domiciled in the USA or UN-sanctioned countries can participate in the $CNDY Public Round token offering.
Disclaimer: Launchpad dates and details are subject to change. This is not an endorsement, partnership, or offer for investment by TrustSwap. Sugarverse 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.