Can GUNZ, which has an initial circulation of only 6.05% and has raised $76 million in financing, awaken the GameFi sector?

Author:Asher , Odaily Planet Daily

Last night, Binance officially announced that the 66th phase of Launchpool project GUNZ (GUN), is an L1 public chain developed by Gunzilla Games and specially created for AAA-level games. As soon as the news came out, the long-silent Lianyou community was instantly boiling. Many "old Lianyou tourists" were active on major social media to share their expectations and excitement. Many people shouted: "Lianyou is finally back!"

As one of the few blockbuster chain game projects in recent times, Odaily Planet Daily will take you to learn about the GUNZ, the chain game project launched by Binance Launchpool, including its token economic model, participation in staking mining tasks, etc.

Project Introduction

GUNZ is an L1 public chain based on Avalanche Subnet developed by German game company Gunzilla Games, specially designed for AAA-level games. Its first application case is Gunzilla Games ' flagship game Off The Grid , a cyberpunk-themed battle royale game that has attracted more than 12 million wallets and 230 million transactions. Gunzilla Games' CTO Timur Davidenko has served as technical director for 18 years in the Cryptocurrency series and Far Cry, developer Crytek.

As one of the first crypto economies in the AAA gaming field, GUNZ Chain grants players ownership of game assets through NFTs and builds a more fair and sustainable gaming ecosystem. GUNZ adopts a customized consensus mechanism to achieve TPS per second, with Gas fees approaching zero, and is compatible with the Unity/Unreal engine, allowing developers to seamlessly migrate traditional games to the chain, greatly reducing the development threshold. GUNZ aims to provide verifiable transparency to the gaming community and blockchain enthusiasts, allowing players to truly own in-game items. Currently GUNZ is in the test network stage (testnet blockchain browser link:https://testnet.gunzscan.io/ ), and the main network is about to be launched.

According to ROOTDATA data , Gunzilla Games has completed two financings, with a total amount of up to US$76 million :

• On August 9, 2022, Gunzilla Games announced the completion of a $46 million financing, led by Republic Capital, and companies such as Griffin Gaming Partners, Animoca Brands, Jump Crypto, and famous angel investor Twitch co-founder Justin Kan;

• On March 26, 2024, Gunzilla Games announced the completion of a $30 million financing, led by Avalanche's Blizzard Fund and CoinFund.

Initial circulation is only 6.05%

According to information disclosed by Binance, the native token of the GUNZ project is GUN, and its total supply is 10 billion. In terms of token allocation, the initial circulation is 604,500,000 GUNs, accounting for 6.05% of the total supply. Among them, Binance Launchpool allocated 400,000,000 GUNs, accounting for 4% of the total supply, providing mining rewards and liquidity support to early participants.

In addition, the GUNZ project party has reserved a portion of tokens for game ecological incentives, and in the future, it may continue to empower game players and communities through NFT assets, Play-to-Earn and other incentive mechanisms. GUN tokens are not only a medium for on-chain transactions and Gas fees, but may also play a role in game prop trading, governance voting, etc., helping the long-term development of the GUNZ ecosystem.

Regarding the more detailed token allocation plan, it is still to be further announced by the official. The market pays attention to the specific allocation ratios of different parts such as its team, investors, and ecological funds, as well as future unlocking plans.

How to participate in Binance Launchpool staking mining

Odaily Planet Daily uses a computer demonstration to demonstrate how everyone participates in this event.

STEP 1. Go to the Binance Launchpool page (link: https://launchpad.binance.com/zh-CN ) to find the GUN project.

STEP 2. Select pledged assets: Binance Launchpool supports three tokens: BNB pool, FDUSD pool, and USDC pool to participate in mining. The token reward ratio is 80% , 10% , and 10% , respectively. The annual reward limit for individual users of each pool is 444,444 , 55,555 , and 55,555 GUNs, respectively.

STEP 3. Start mining: Select the token you want to pledge and click "Confirm". After the pledge begins, the GUN token reward will be automatically calculated and distributed every hour.

Regarding this event, the details that participants need to pay attention to are as follows:

• Restrictions : KYC authentication is required;

• Total reward pool : 400,000,000 GUNs (accounting for 4% of the total token supply);

• Activity duration : 08:00 on March 28 (East Eighth District time) — 08:00 on March 31 (East Eighth District time);

• GUN token launch information : 21:00 on March 31 (East Eighth District Time) Listed and supports the following trading pairs: GUN/USDT, GUN/BNB, GUN/FDUSD, GUN/TRY.

Still ongoing interactive activities

In addition to Binance Launchpool 's staking mining tasks, on the 25th of this month, GUNZ official announcement announced that it has integrated Zealy. Through the integration of Zealy, players can verify participation in tasks through seamless blockchain and receive token rewards. The tasks are divided into social tasks, GUNZ wallet tasks, access game tasks, etc. (participation link: https://zealy.io/cw/gunz/questboard ).

Zealy on GUNZ mission

summary

Unlike many GameFi projects, Gunzilla Games has chosen a path closer to traditional gaming . Just like its flagship game Off The Grid, it does not build complex economic models around tokens, but uses blockchain technology to open up ownership of game props, allowing players to trade assets freely and transparently. This model may attract more traditional players and bring new development opportunities to chain games.

In addition, with the popularity of VR/AR hardware, the demand for immersive gaming experience is growing rapidly. With the quality of 3A-level game graphics and decentralized asset ownership, GUNZ can not only improve the player experience, but may also become a key infrastructure to promote "game out of the circle", opening up a broader development space for the chain game industry.