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Alchemy: Battle for Ankhos Releases $SPIRIT and Its Tokenomics

November 20, 2023 - Updated on July 7, 2024
in News, NFTs
Reading Time: 2 mins read
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Juice Gaming News | Web3 Gaming

Juice Gaming News | Web3 Gaming

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Alchemy: Battle for Ankhos has officially launched its ecosystem token, $SPIRIT, following the completion of its pre-sale phase. The Spirit Token made its debut on the Solana network, boasting a total supply of 100 million tokens. Traders can track $SPIRIT on Birdeye, a crypto trading data aggregator, where it initially valued at $0.025 and peaked at $0.0578 before experiencing a decline.

The game’s development team has committed to distributing pre-sale airdrops within 24 hours after the pre-sale sellout. Players who missed the pre-sale have opportunities to acquire $SPIRIT through minting a God of Alchemy, participating in Cosmic War, or purchasing the token on secondary markets.

Alchemy: Battle for Ankhos Tokenomics

The detailed tokenomics for the 100 million $SPIRIT tokens is as follows:

  • Play-to-Earn: 80 million tokens (80%), to be locked and distributed over an 8-year period.
  • Treasury: 10 million tokens (10%).
  • Community Managed Team Allocation: 5 million tokens (5%), locked and vested over 3 years.
  • Airdrops/Partnerships/LP: 5 million tokens (5%), to be airdropped at the Token Generation Event (TGE).

Token emissions for Play-to-Earn are set at 0.25% per week, approximately 200,000 $SPIRIT, and will vary weekly based on the spirit volume in the P2E Pool. Airdrops will be available exclusively to pre-sale buyers, minters, select gaming communities, partners, and active Alchemy Discord community members. The liquidity pool (LP) for the Spirit Token consists of 1,600,000 $SPIRIT and 675 SOL.

Mint Alchemy Gods NFTs 

The remaining 2,500 Alchemy Gods NFTs are set to be minted on November 21st at 16:00 UTC, available on Magic Eden. Whitelisted players can secure an NFT for 2.5 SOL, while the general public can purchase one for 2.75 SOL. Each successful mint entitles participants to a $SPIRIT airdrop.

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Sponges

Sponges is a gamer and avid reader who began his journey into Web3 gaming as an enthusiast in 2020. Since then, he has pivoted himself as a writer who aims simplify stories for readers.

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