Funtico, the full-stack, chain-agnostic Web3 gaming platform, has announced its Token Generation Event (TGE) and, therefore, the launch of its TICO token, as per a report shared with Finbold on Monday, January 27.
TICO will be available to traders on major cryptocurrency exchanges, including Gate.io, MEXC Global, BitMart, and Uniswap, at noon (12:00 PM) UTC.
As one of the core parts of Funtico’s ecosystem, TICO will unify gaming experiences, AI-powered systems, and transactions across various platforms. Initially launched as an ERC-20 token on the Avalanche C-Chain and then seamlessly bridged to other chains like Ethereum (ETH), Base (BASE), and Polygon (MATIC), the new token will provide interoperability to both developers and gamers.
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The TICO token adds various features to Web3 gaming, AI-driven infrastructure, and many utilities for gamers and publishers.
TICO for gamers and publishers
For example, gamers can use TICO for in-game purchases, premium content, and monetization while benefiting from interoperability across item ownership, gaming environments, customization, and NFT integration. Additionally, users can access functionalities such as “Publisher as a Service” tools, rewards, and extra AI features.
On the other hand, publishers can rely on TICO to transition from Web2 to Web3 games and get monetization tools, co-branding options, item ownership capabilities, and community interaction tools.
TICO has a capped supply of 10 billion tokens distributed to boost ecosystem growth and sustainability. 17% goes to seed and private sales, with 10% for the first and 3% for the second strategic sales. Key Opinion Leaders (KOLs) get 3%, while 1% goes aside for advisors. Furthermore, team allocation amounts to 10%, while 12% is held in the liquidity pool for market stability.
Lastly, in-game rewards and limited edition NFTs have a proportion of 14%, 15% allocated to the ecosystem fund and treasury, and another 15% allocated to marketing and partnerships.
TICO’s security and compliance
Funtico values security and compliance, with its smart contract being audited by Sayfer, a blockchain security firm. Furthermore, the Funtico platform and its games have been reviewed for reliability, integrity, and industry compliance.
Ultimately, TICO is legally classified as a utility token, embracing regulatory standards and prepping up a base for a sustainable future for Web3 gaming. Users should find new developments as the token expands, particularly within AI, interoperability, and partnerships.
