Tokenomics
Overview of WARPED Token Distribution and Allocation.
Last updated
Overview of WARPED Token Distribution and Allocation.
Last updated
WARPED is the on-chain utility token of the Warped Universe. To better understand WARPED's role in the Warped ecosystem, we will break down the tokenomics, our plans with the WARPED tokens we hold, and the vesting schedules of any locked tokens.
Our private sale was split into two phases: The first phase targeted individuals who shared the team’s vision for Warped and had been supporting us for the past two years. Recognizing the trust these early buyers placed in us by purchasing utility tokens well before our plans were fully realized, they were offered WARPED tokens at a discounted rate of $0.00019 per token, equating to a $1.9 million fully diluted valuation (FDV). The maximum purchase allowed was 40,000,000 tokens, with a six-week vesting schedule agreed upon following the conclusion of the sale. The second phase focused on individuals with influence, allowing us to build long-term collaborative relationships and expand our brand across various communities. In this phase, WARPED tokens were priced at $0.00023 per token, representing a $2.3 million fully diluted valuation (FDV), with a vesting schedule aligned with the presale period and a maximum purchase limit of 40,000,000 tokens.
Both phases were crucial in securing the capital needed for Warped Games to cover essential initial expenses. These funds ensured the continuity of key operations, including team compensation, legal compliance, hosting services, development of the presale platform, and other operational necessities.
The presale was conducted in six phases, with prices starting at $0.00037 per token, representing a $3.7 million fully diluted valuation (FDV), and rising to $0.00042 per token, or a $4.2 million FDV. Each phase allocated a maximum of 500,000,000 tokens. Tokens purchased during the presale vested over 12 weeks, with 40% available to claim at launch, an additional 30% released 6 weeks post-launch, and the final 30% released 12 weeks post-launch.
Phases 1 and 2 were exclusively reserved for whitelisted wallets, primarily made up of long-standing STARL holders, ensuring they had priority access to WARPED utility tokens. This approach helped reward and engage the earliest supporters of the Warped Universe project.
The proceeds from the presale were split into two key areas. Approximately 40% was allocated to liquidity, helping stabilize the price of WARPED and enabling gamers to easily acquire tokens on the open market. The remaining 60% was invested into development and expansion, including onboarding new team members and adopting innovative tools that helped advance the game's production.
Due to the prevailing regulatory landscape, we had to exclude participants from the US and other high-risk jurisdictions. Warped Games remains committed to ensuring full compliance with all pertinent regulations and prioritises safeguarding our community’s interests.
Team allocations were designed to provide long-term commitment and incentives to both current and future team members. These tokens underwent a 12-month vesting period, beginning with a 3-month cliff. After the cliff, the remaining tokens were released linearly over the subsequent 9 months, ensuring gradual and structured distribution to support ongoing team dedication and growth.
After the presale concluded, these tokens were paired with approximately $500,000 of ETH in a Uniswap v2 liquidity pool, providing gamers with access to WARPED on the open market. The initial price of WARPED at launch was approximately $0.00063.
Our treasury kept hold of 37% of the total supply to cater to a diverse range of future needs, such as:
Over-The-Counter (OTC) WARPED sales
Cross-chain and Centralized Exchange liquidity
Marketing initiatives
In-Game rewards and incentives
Team and advisor growth
While these allocations have been determined in advance, the unpredictable nature of our ecosystem's growth and challenges means that exact future needs may fluctuate. As a result, the outlined allocations could be adjusted based on emerging data, new opportunities, or unforeseen requirements.
