Jan 19
SLYR Games — State of the Game
SLYR Games introduced one of the first decentralized games that strive to integrate cryptocurrencies with multiplayer online role-playing games. Players will not only have fun playing the game but they will also be given a chance to earn cryptocurrencies. In addition, they will be able to meet new players and become friends with them.
November 19, 2021, was the 15th day vesting for the SLYR token. SWIFT of ELOIN/LeoCorn was reminded about the vesting schedule for SLYR, which is listed as follows:
TGE — November 4, 2021 16:00 UTC
15D — November 19, 2021 16:00 UTC
1M — December 19, 2021 16:00 UTC
2M — January 19, 2022 16:00 UTC
3M — February 19, 2022 16:00 UTC
The ELOIN Team was completely aware that the next vesting distribution should be on December 12, 2021.
On December 5, 2021, ELOIN still distributed the vesting distribution (30%) of the first month in spite of knowing the vesting schedule that has been agreed upon by all four launchpads.
BrandPad reacted immaturely to these actions by ELOIN. They irrationally distributed the remaining 70% of the SLYR IDO, vesting without communicating with the SLYR Games team. As we all know, vesting is crucial protection to the value of a token in an incredibly volatile market. With the actions of the mentioned launchpads, it made a huge pull for the token value of SLYR.
On January 2, 2022, ELOIN was once again sent a reminder of the vesting schedule that is being followed by the remaining launchpads. Yet again, this Launchpad failed to follow the schedule and distributed all the remaining 40% of the IDO vesting for their platform, which was NEVER agreed upon.
With these being said, we would like to ask every project looking for IDO partners to be careful with these launchpads and think about the future of your projects.
In spite of all these actions from these launchpads and causing for SLYR token to suffer in value, the team behind SLYR Games never stopped working on improving the game to give its investors more value to their investments.
In fact, we are still on track with all our roadmap entries up to Q3 of this year, which includes a full pack of content. https://docs.roslayers.com/roadmap
Here are some of the other upcoming changes to the main title of the SLYR Games in the coming weeks and months.
Staking Oracle will catch up soon.
What does this mean?
When we announced our minimum holding of 500 SLYR, then was valued at around $150. Currently, 500 SLYR is valued at $13.96. When this gets implemented, our minimum holding will increase over time (not straight up 5367 SLYR ($150)). It will slowly catchup estimated time to fully catch up is around eight to ten weeks (around the same time period from the P2E launch date and the date this will be implemented).
How will this work?
For example, today the minimum holding increased to 900SLYR. If a player staked 900SLYR today, he is considered a holder.
If the minimum holding increases tomorrow to 950 SLYR, the same player is still considered a holder. But if he unstaked and decided to restake, he has to stake 950.
If you are a holder now with 500 SLYR staked and it increased, you are still considered a holder until you unstake. But if you are a 500 SLYR Stake Holder and the minimum is 900 and you decided to stake +100 = 600, your holder will be removed.
That’s the major part.
Other stuff:
- The remaining illusion dungeons are still in the works
- Staking Rewards will follow shortly after the Staking Oracle mentioned above. We haven’t really thought much about the rewards. We could use some suggestions here.
- Staking Leaderboards
- Exclusive Instances for Badge Holders and SLYR Holders
- Equipment NFTs are now being developed. We are working with Liquidifty as our main marketplace for our upcoming NFTs.
