Description

Overview:

Community Gaming’s platform creates a seamless experience for tournament organizers to host grassroots tournaments and for gamers to compete and instantly get paid when they win. The platform facilitates automatic payments that are fast, transparent, and require no blockchain knowledge to use!

In actual round CG is raising 4M USD

Positives:

• CG has over 35,000 monthly active users, generating revenue (in 2023 it was 1,4M USD and growing exponentially)
• Fully developed product that will directly benefit from potential success of the whole gaming industry in this cycle
• CG is implementing web2 and web3 games, as well as different payment solutions and chains
• TGE planned for 06/24, after 12 months cliff there are 20% of tokens unlocked
• Notable investors - Binance Labs, BITKRAFT, Griffin Gaming Partners, SoftBank Opportunity Fund, Woodstock, Shima Capital, Animoca, Hashed, Multicoin Capital, CoinFund, ConsenSys and others
• Partnership with Parallel, Aurory, My Pet Hooligan, Shrapnel nad many more
• Robust GTM market strategy connected to token launch is in place. Token design is done by Horizon Labs ventures

Negatives:

• CG raised in their last Series A funding round 16M USD, so they had to lower down the valution significantly for this round, as they are now raising at 40M USD FDV for token, which might be a concern
• There is a concern if the token utility will sufficiently capture the value from the ecosystem
• Success of the project will depend on their business development skills, attracting new games and gamers

Disclaimer

• • Risk of Loss: Investing in cryptocurrency projects carries inherent risks, including the risk of losing your entire investment. Be prepared to potentially lose all the funds you invest.
• • No Guarantees: There are no guarantees of profits, returns, or success when participating in projects. Past performance is not indicative of future results.
• • No Financial Advice: The information provided is not financial advice. Consult with a financial advisor if you are uncertain about participating.
• • Due Diligence: It's your responsibility to conduct thorough due diligence on the project, team and tokenomics before participating. Make informed decisions.
• • Community and Social Hype: Be aware that investment decisions based solely on social media hype or community sentiment can be risky and speculative.
• • Backup Your Private Keys: Ensure you have securely stored your private keys or seed phrase. Losing access to them may result in permanent loss of your assets.