Description

Overview:

• GameSwift is already a fully functional gamefi platform similar to Steam, and it is also a PoS modular chain utilizing the shared security of Polygon zkEVM.
• Originally, the team worked on the Starterra project, which was a launchpad on the Terra chain. After the collapse of Luna, the team decided to continue and rebrand. Due to their contacts, they had incentives to start developing on Avalanche, Polygon, and BSC chains. Ultimately, they chose Polygon, from which they received a 1M USD grant. However, their main reason for choosing Polygon was the access and opportunity to develop their own modular blockchain on zkEVM (modular in the sense that each game will have its own rollup set up according to its needs).
  
  

Tokenomics:

• The utility of the GSWIFT token will be multifaceted. Firstly, it will be required for validators who wish to create a node in the network. Additionally, it will serve as a payment method for transaction fees. Token holders will also receive real yield generated by the GameSwift platform from various revenue streams, including game subscriptions, in-app purchases, NFT sales, swaps/fees, battle passes, and premium accounts. It will also be utilized within GameSwift Pay, where users can input their credit card information, and the more tokens staked, the more cashback fees they will receive, similar to platforms like crypto.com or Binance Card.
• There is a 12-month cliff and a linear vesting period of 18 months. However, all tokens will be locked immediately upon TGE, creating automatic entitlement to airdrops, staking rewards, and governance.
• The TGE is planned for Q2/3 2023
• Further details about the tokenomics can be found HERE
  
  

Positives:

• They are in the final stage before the approval of the public sale on Coinlist. In case an agreement with Coinlist is not reached for some reason, a public sale would be conducted on Bybit.
• The project's valuation is 17.5M USD.
• Risk Reward Ratio, particularly in terms of positioning as a modular gaming zkEVM blockchain.
• Polygon Partnership - Utilizing Polygon ZK EVM technology and receiving a 1M USD grant.
• Casper Labs has provided GameSwift with a 100k USD grant for integration and the possibility of being another chain to be implemented.
• Collaboration with Playway, which will develop blockchain gamefi using GameSwift. Playway also encompasses other gaming studios.
• Exposure to the gaming sector through all games that go through the GameSwift launcher.
• The team has gone through the project launch and the entire process of tokenomics creation.
  
  

Negatives:

• tokenomics, where a majority of the tokens are initially controlled by the team, raising the possibility of them dumping the tokens before the first tokens reach seed investors.

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.