The crypto market is filled with excellent projects that have a lot of potential to make it big in the wider world and one of the biggest niches in this regard is AR/VR gaming. This niche has been steadily becoming more of a reality – pun intended – as the necessary technologies are refined, and crypto is included among these.
Now, we have an Ethereum-based project called 5th Scape (5SCAPE) that is pioneering some new ideas and could very well lead the charge into this new era of immersion. We tell you all you need to know about this project, including what features it offers and details on the 5SCAPE presale.
Why is 5th Scape So Special?
5th Scape is all about AR and VR, with the goal being to create the “world’s first AR & VR ecosystem that connects the smartest minds together.” From VR games to hardware and animations, the team has a broad plan with respect to how it plans to
Of course, it’s very important that 5th Scape makes itself available on and fully compatible with existing headsets and hardware to truly make inroads with the wider road. To that end, the team has stated that it plans to develop many VR games that work on popular headsets such as Oculus Rift and Meta Quest 3. What’s more, the team also has tentative intentions to build its own VR headset and AR gaming chair once it manages to establish itself in this sector.
Regarding the specific VR games, the team has revealed a few titles that are under development: Cage Conquest, Epic Cricket Arena, Immersive Kickoff, Archery Master, and Thrust Hunter. Perhaps the most notable of these is Cage Conquest, because it focuses on combat sports and is the first game that will be released. The release date for this is tentatively set for sometime in the second quarter of 2024.
Now let’s move on to the presale itself, which has all the hallmarks of a successful effort by the looks of it. If you want more info on the project itself, simply check out the website, which has a great deal of insightful details.
5SCAPE Presale Tokenomics
The project token 5SCAPE is at the center of the whole ecosystem and plays a pivotal as the fuel for various interactions, so to speak. It is the universal currency across all 5thScape games, hardware products, and the developer marketplace. It functions as a means of payment for accessing 5thScape games and facilitating in-game transactions, offering token holders exclusive discounts compared to alternative payment methods.
5SCAPE holders can also stake their tokens, earning rewards simply by participating in the project. Additionally, the 5thScape team envisions empowering token holders to influence project development by allowing them to vote on the allocation of funds to marketplace projects, which will pull the community in when it comes to major decisions.
Let’s quickly dive into the tokenomics: 5SCAPE has a total supply of 5.21 billion tokens.
The 5thScape presale will see 80% of the total 5SCAPE token supply up for grabs, with a fundraising target of up to $15 million. The presale has a total of 12 stages, with the initial price being $0.00187. The final price in the 12th stage is $0.0087, with the listing price being $0.01.
The remaining 20% of tokens have been set aside for other major priorities. 10% has been allocated for exchange liquidity each. Presale token purchases are subject to a lock and vesting schedule, with 40% of acquired tokens unlocking at the 5SCAPE token generation event, while the remaining tokens remain locked for 8 weeks. Staking rewards for presale tokens will vest after 8 months.
Every now and then, a very special project comes along in the crypto market. 5th Scape (5SCAPE) is one of them and it can truly make a big difference in the fast-growing VR and AR space. The project has numerous goals on its agenda and they can all help it establish a presence in this sector. We highly recommend that you take a look at the 5SCAPE presale and engage with the project on its social channels.