Check out their Quick Hitter on Fabwelt before diving in.
Fabwelt
Fabwelt aspires to be the biggest gaming ecosystem on not only Polygon, but in the entire blockchain space. They will do this by combining high-end games with in-game NFTs and DeFi to create an exceptional play-to-earn ecosystem.
In-game NFTs will contain utilities that can be activated to trigger special features or actions in the game. Utilities like speed bursts, ability to look through walls and so on which can only be used only once. There will also be collectible in-game NFTs such as limited edition weaponry or vehicles. All in-game NFTs will be tradable on the open market.
Fabwelt will introduce play-to-earn features on all games in their ecosystem as well. Each game will have its own unique points system and points earned will be able to be exchanged for $WELT, the ERC-20 standard-based Polygon (previous Matic) token. The Fabwelt play-to-earn ecosystem rewards will be sustainable as $WELT for rewards will be replenished through Pay-to-play, NFT sales, and gaming tournaments on the platform.
Fabwelt aims to institute robust staking mechanisms on their platform with staking rewards in native WELT or partners’ tokens. The staking tech will also allow stakers to earn rare in-game NFTs that will help take their game to the next level or be sold on the open market.
Not to be outdone by a certain social media giant, Fabwelt forsees their gaming ecosystem morphing into a full-fledged gaming metaverse. Players will be able to play games in multiple virtual worlds and transfer tokens between them, interact with other members of the Fabwelt ecosystem, and build their own games.
Fabwelt’s MVP, Arsenal, is a first-person shooter that is currently playable on their website. Arsenal will be the first game in Fabwelt’s play-to-earn ecosystem. The organization also has a fantasy sports application, Fanwelt, that is under development. Combining NFTs with fantasy sports has the potential to disrupt the massive fantasy sports industry.
WELT Tokenomics
WELT has a maximum supply of 500M tokens of which 19.5% were designated for pre sales. 35% of the token supply is held for staking and gaming rewards.
The token will be listed on QuickSwap on the Polygon Network on November 16, 2021. Please see below for a step-by-step guide on how to use Polygon and QuickSwap.
Participation on Samurai
Fabwelt will raise $100k USD through its IDO on the Samurai Launchpad.
Whitelisting for the IDO will be lottery-based for Ninja (100 CFi), Ronin (500 CFi), and Samurai (1,000 CFi) tiers. Shogun (3,000 CFi) and Emperor (10,000 CFi) are guaranteed a whitelist position. Stakers in ALL FIVE TIERS have to indicate their intention to participate in the IDO by clicking whitelist on the Samurai Dashboard: Here.
Deadline for whitelisting: Thursday, November 11, 4:00 UTC.
Whitelisted participant announcement: Thursday November 11, 6:00 UTC. IDO: Thursday, November 11, 11:00 UTC.
Please see their Fabwelt Quick Hitter to get all relevant IDO info at a glance.
If you are unfamiliar with their tier structure, you can check them here: Samurai Tiers
Whitelisted participants can purchase $WELT tokens on the Samurai Launchpad for the IDO platform price of $0.014 BUSD (payable in BUSD on BSC). Participants can purchase allotments between $300 to $1,000 BUSD on a first-come, first-served basis.
WELT tokens are subject to vesting with 50% of WELT tokens purchased on Samurai being airdropped 30 minutes after its listing on QuickSwap. The remaining 50% will be airdropped one month later.
Polygon and QuickSwap Guide
Automatic
1. Got to https://chainlist.org/
2. Enter Polygon into the research bar on top right of the screen after connecting your wallet.
3. Add Polygon Network to your metamask
4. You are done. Now you can add some $MATIC.
Manual
Fabwelt’s $WELT token is an ERC20-standard Polygon-based token that will be listing on Polygon’s QuickSwap DEX. For many, it will be their first time using Polygon so let us provide you with a step-by-step guide for receiving your $WELT tokens.
- Add Polygon network to MetaMask (same wallet address as you use for staking on Samurai)
- Where you see the connected network on MM, scroll down until you see “Custom RPC” and clickthrough
- Enter the Polygon mainnet settings as follows:
- Network Name: Polygon
- New RPC URL: https://polygon-rpc.com or
https://rpc-mainnet.matic.network or
https://rpc-mainnet.maticvigil.com or
https://rpc-mainnet.matic.quiknode.pro
- ChainID: 137
- Symbol: MATIC
- Block Explorer URL: https://polygonscan.com/
- Click “Save”
2. Go to QuickSwap and connect your Metamask
Source: Stakingbits
About Fabwelt
Fabwelt is a revolutionary concept that brings blockchain technology into the core of high-quality games of all types or genres. They aim to develop an ecosystem that can connect and interconnect everyone, everywhere, all over the globe with the power of art and gameplay.
About Samurai
Samurai by CyberFi is a full-suite Decentralized Cross-Chain Crowdfunding Launchpad & Stakepad built for the evolution of DeFi.
