Gamesta, a play-to-earn gaming guild, is about to launch its long-awaited token auction this month. Here’s what you need to know.
The artificial intelligence-powered gaming guild, Gamesta, will be holding the $TLA launch from December 16th to 19th. Furthermore, it will take place on the Copper Launch platform. In this article, you’ll discover more about why you should participate in Gamesta’s launch auction.
Reason 1: Win Big Prizes & Giveaways
Participants will acquire $GSG tokens and win prizes such as a brand new Tesla Model S or $100,000 during the 3-day event.
Gamesta will also reward the top 30 contributors with a BLACK GAMEX CARD. A further ten will go into a lucky draw for all investors.
Also, there will be a raffle for a brand new Tesla Model S or $100,000 available to anyone staking $250 or more.
GAMESTA Token Launch Auction (TLA) and Tesla's:
TLA from 16-19th December:
To say thank you to our supporters we're raising the excitement with a few extra goodies.
🔥 BLACK NFT GAMEX CARDS 🔥
🏁 TESLA MODEL S 🏁
💸 USDT 100K 💸Full details below: https://t.co/gfoYPqhPA4
— GAMESTA (@gamestaai) December 13, 2021
Reason 2: Participate in the Project by Injecting Liquidity
On the other hand, Gamesta will be providing a fixed 70 million $GSG tokens and matching liquidity of 2.9 million USDC. The tokens will start at $1 each, but organic price discovery will occur over the auction period.
The gaming guild aims to raise $100 million in the token auction, which will increase the token value is achieved.
Just 3 days until our Token Launch Auction begins! Invest to be a part of something special.https://t.co/DwmMvNnpbn#GameFi #TokenLaunch #Cryptotoken #PlayToEarn pic.twitter.com/QurLxQC0gd
— GAMESTA (@gamestaai) December 13, 2021
Why a Token Launch Auction?
A Token Launch Auction differs slightly from an Initial DEX Offering (IDO). According to the Gamesta announcement, they are a specific configuration of Balancer’s Liquidity Bootstrapping Pools.
Firstly, token prices start high then fall based on a “pre-configured price decay curve.” Copper Launch predicts that they could fall to below $0.02 by the end of the auction. Participation is open and permissionless, there are no whitelists or allocations, and there is fair distribution.
Furthermore, this method has been chosen to prevent front running and whales from manipulating prices. The initial price of the token at auction start can be magnified relative to the collateral, but over time it will find its level depending on the participation.
Additionally, the tokens will be immediately tradable making it impossible for a large party to dump on smaller ones, Gamesta added. If the recent GuildFi $TLA is anything to go by, prices could even climb to $4 and settle there.
To participate, users need to link their crypto wallet and select how many $GSG tokens they’d like to purchase. Finally, users can buy ETH, wETH, USDC, or DAI tokens.
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