Calvaria, a new play-to-earn crypto game in which players battle for dominance of a fantasy underworld, has raised more than $2.1 million through a presale of its RIA token.
Less than 10% of RIA tokens allocated for the presale remain available, so investors need to hurry if they want to join the Calvaria project.
Calvariaโs presale is currently in Stage 5, which will be the final stage of the presale. RIA tokens are priced at $0.0325, which represents a 225% gain for investors who bought RIA at the start of the presale.
In total, the presale expects to sell 150 million RIA tokens, or 15% of the total supply, and raise $3.075 million in funds for the Calvaria project.
IEO on the Horizon
Once the presale has concluded, the team behind Calvaria has its eyes set on an initial exchange offering (IEO) for the RIA token.
Potential partners include Kucoin and Gate.io, with which Calvaria has already signed deals. Kucoin is the 3rd largest crypto exchange by trading volume and Gate.io the 4th, according to crypto data provider CoinGecko.
Calvaria has also entered a partnership with XT.com, a social crypto trading platform.
A price for Calvariaโs IEO has not yet been announced. However, the success of the presale and the widespread interest in Calvaria suggest that the price could be significantly above the Stage 5 presale price of $0.0325.
Calvaria has received coverage from numerous financial outlets, including Yahoo! Finance, Benzinga, and Cryptonews. The project has also been featured on Business2Community, an online outlet focused on business owners, tech, and trading.
The Role of RIA
The RIA token plays a key role in the Calvaria ecosystem. In Calvariaโs play-to-earn game, Duels of Eternity, players collect NFT battle cards and play them against one another in strategic duels. Winning players earn RIA tokens as a reward for their victories.
RIA can be used to purchase additional NFT battle cards in Calvariaโs in-game asset marketplace. Using RIA to strengthen a battle card deck offers players the opportunity to win more RIA.
In addition, investors and players have the option to stake RIA and earn interest in RIA. 25% of the total RIA supply has been set aside for staking rewards.
Players and investors who stake a minimum threshold of RIA tokens receive votes in the Calvaria decentralized autonomous organization (DAO). This gives players a say in the future development of Calvaria.
Mobile Gaming, Free Play & More
Calvaria is entering a play-to-earn gaming landscape thatโs populated with several other battle card games, including Gods Unchained and Splinterlands. However, Calvaria is doing things differently and has a few unique selling points for players.
First, Calvaria will be one of the only mobile-native play-to-earn battle card games. Duels of Eternity will be launched on iOS and Android devices at the same time it goes live on the web. Thatโs expected to attract mobile gamers who have been resistant to playing computer-based crypto games.
Another unique feature of Calvaria is that it will offer a free-to-play version. Gamers who want to try out Calvaria but donโt want to commit to the gameโs token ecosystem can try it out without buying RIA. The free-to-play version makes Calvaria far more accessible to gamers who have remained outside the world of P2E crypto gaming thus far.
Finally, Calvaria doesnโt require players to connect a crypto wallet. Thatโs another major advantage for attracting gamers who are not drawn to Calvariaโs play-to-earn features, but still want to take part in the game.
Speedy Layer 2 Implementation
Calvaria is a multi-chain project, but the development team has decided to use the Polygon network for all internal transactions. Polygon is an Ethereum-based Layer 2 solution that facilitates fast and inexpensive transactions.
The Calvaria project is supported by Polygon Studios.
Visit Calvaria.io for more info.
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