How the $REMN token is used:
Stake and gain $SHARDS over time (lock for 14, 30, 90, or 180 days for bonus)
Use to upgrade your $SHARDS passive allowance over time
Used in some one-time event sales (Land, Tin Box Collections), some sold in $REMN
Use to upgrade character NFTs (Alter Genesis)
Used in every Remnant game title, future partnered titles and incubated titles to upgrade or purchase some cosmetic items
Used in Tree of Prosperity (weekly Raffle-like system, where every purchase wins)
Hold or stake specific amount to be eligible for Player Title Perks.
Governance voting for game balance (not blockchain features)
*Usage of tokens will send 50% to the 0x0...dead address and the remainder to the Remnant Vault (6 month vesting). This value may be changed in future for sustainable health of the ecosystem.
What is $SHARDS?
$SHARDS is the in-game premium currency (not a crypto token) for in-game purchases, obtained over time by staking $REMN or through gameplay
$SHARDS is used to purchase in-game items, summon/recruit character NFTs, transact off-chain items with other players, etc.
$SHARDS might be bridged with a 1:1 tokenized version in the future, pending meticulous security measures, but is primarily not a crypto token in order to make mass adoption of crypto NFT technology optional, invisible, and seamless for traditional gamers without crypto wallets.
Token Metrics
Ticker: REMN Token type: ERC20 and POLYGON (MATIC) IGO Fundraising Goal: 810M $REMN | $450K USD Total Tokens: 10B $REMN (10,000,000,000) Initial Token Price: 1 REMN = 0.00055 USD Initial Market Cap: ~$200k (~$400k w/ liquidity) Fully Diluted Cap TGE: $5.5M
TOTAL RAISE GOAL: $925K
Distribution Off-chain: April 29 (For early staking program to public IDO participants) On-chain: May 19 (ETH) / May 26 (Polygon) Private/Seed Distribution: May 31 (no disadvantage to receiving later as long as before June 2) Vesting: June 15, July 15, Aug 15, Sept 15, etc. DEX Listing (Uniswap, Quickswap): June 2, 4PM UTC *Adding liquidity/buy/sell is disabled until June 2, 4 PM UTC
Post-Launch & Listing Update: $REMN is live on DEX's. The total raise target was not reached due to poor market conditions during and following the launch. A large portion of the funds have been used in DEX liquidity, development, marketing team, and legal & security. The project will not be dropped. Development has continued from the team's pocket until the game's full completion cycle under an extended time-frame towards 2026.
Initial Supply: 761M (7.61%) (w/ Liquidity) | 3.8% (w/o Liquidity) IGO: 1.62% Market Liquidity: 3.8% Seed: 1.1% Private: 0.7375% Marketing: 0.35%
Staking $REMN will be enabled in Q2 2024 with Remnant - Alter Genesis game Alpha. Staking provides $SHARDS (in-game premium currency) over time and %APY returns on $REMN.
The distribution of 15% of $REMN tokens is spread over 4 years of staking rewards.
Each reward period lasts for 3 months.
The $REMN staking distribution (% of total $REMN per 3 months) is as follows:
After 4-5 years when Play-to-Earn and Staking vaults run out, the goal is to have reached a mature Ecosystem of games. Players will be earning more $SHARDS and NFTs that are the true value of the ecosystem.
Breakdown
% Total | at TGE
Vesting Schedule
Description
Play-to-Earn
25%
Non-linear, 5 years
Staking
15%
Non-linear, 4 years
Also earns SHARDS
Team
10%
12mo cliff, 36mo vest
Marketing & Advisors
7% | 0.35%
5% TGE, 6mo cliff, 24mo vesting
Development
4.5%
1mo cliff, 10% 1st mo, 15mo vesting (6%/mo)
Seed
11% | 1.1%
10% TGE, 9mo vesting (10%/mo)
$0.00025
Private
5.9% | 0.7375%
12.5% TGE, 7mo vesting (12.5%/mo)
$0.00035
IGO
8.1% | 1.62%
20% TGE, 4mo vesting (20%/mo)
$0.00055
Treasury
5%
Minimum 6mo cliff, varies
Liquidity
8.5% | 3.8%
2 year lock, renewed unless migrating DEX
Initial swap liquidity, possible CEX listing, Anti-bot/snipe
