IDO Announcement: Space Cartels

Thorstarter Valhallaa
6 min readApr 20, 2022

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We are thrilled to bring you another exciting project on the low fee, high speed, and scalable Terra network.

While initially launching on Terra, Space Cartels will expand to cover 4 key block chains; Terra, Ethereum, Solana, Binance Smart Chain for maximum market capture

Enter Space Cartels

GameFi & the Metaverse are some of the fastest growing areas in the crypto space. And that is what Space Cartels is all about.

Space Cartels is a Play to earn P2E browser game in the metaverse. Players will earn Dark Matter Tokens ($DMT) for completing the quests. $DMT tokens can be used in-game or sold.

Why Space Cartels

In most Play to Earn games, the value of the initial investment may drop — Space Cartels aims to solve this by making the Initial Investment an item called the Generator, whose value is always 300 UST. This Generator provides players with 10 ENG (energy) that can be used to buy several quests daily. Users are then rewarded $DMT tokens for completing these quests.

As stated in their litepaper, The return of investment should be about 1 month — meaning that players can expect to earn $300-$900 after playing Space Cartels for 1 month depending on the amount of generators that they have. You can use up to 3 Generators at a time.

Space Cartels also has a system to pair people that want to play and earn but don’t have money to invest (scholars) with people that have money but no time to play (managers). Managers then receive 50% of the $DMT tokens the scholars make. This happens completely automatically.

The in game reward token, $DMT, can be used to:

  • Buy Mystery Boxes — each box contains 5 different NFT items, useable in-game
  • Crafting NFTs from recipes acquired in Federation Wars

In-game utilities like:

  • Accelerating Expansion
  • Crystals Trading
  • Reset of our Boss’s build
  • Employee Reroll
  • Staking DMT for Dust, with which we can buy valuable items in the game store
  • Exchange for crypto
  • Much more…

As we learned from the developers, creating multiple utilities for DMT token is their top priority.

Learn more about Space Cartels here.

The $SPC Token

The SPC token is ideal if you want exposure to the Space Cartels game:

  • You will also need the SPC token to craft NFTs in Space Cartels
  • The SPC token will have a governance and staking system.
  • By staking the $SPC token, users will participate in the profits from the fees generated by Space Cartels. 25% of all generated fees are used for this purpose
  • You will not be able to earn SPC tokens in the game.

Single asset staking of an SPC token will be divided into two phases:

Phase 1: when the number of players will be in the initial stage of growth, staking rewards will be distributed from a specially prepared pool of SPC tokens. While, 25% of the profit from the commissions will be accumulated in the game’s Treasury. This phase should last about 12 months.

Phase 2: In this phase, the pool of SPC tokens to be distributed for staking will be exhausted. The rewards for staking SPC tokens will be distributed from the commissions earned by the game and from the funds that have been accumulated in the Treasury over a 12-month period (in Phase 1). Thus, the ROI for staking should remain consistently high.

The $SPC IDO

The $SPC IDO will be launched in Q3 2022. Here are the initial details:

- Network: Terra

- Token: $SPC

- Date: Q3 2022

- Price: 0.07$

- Raise Size: $240,000

- Vesting: TBD

- Registration opens: 4 days Prior to Sale

We look forward to offering $SPC to our community.

Skal

Participating in a Thorstarter Sale

Pre IDO

Buy XRUNE (Fantom) on SpookySwap (0xe1e6b01ae86ad82b1f1b4eb413b219ac32e17bf6)

Connect (on Fantom) to our app and deposit your XRUNE in our Forge — Based on how much you deposit in Forge, you will get an allocation multiplier for the IDO:

  • 2,500 XRUNE = Tier 1–1x Allocation Multiplier
  • 7,500 XRUNE = Tier 2–3x Allocation Multiplier
  • 25,000 XRUNE = Tier 3–10x Allocation Multiplier
  • 50,000 XRUNE = Tier 4–20x Allocation Multiplier
  • 100,000 XRUNE = Tier 5–40x Allocation Multiplier,

This means that you are eligible for some multiple of a given sale’s base allocation

Once your XRUNE is locked in Forge, granting you access to our sales, participation is a two-step process:

1. Registration for IDO

Before the sale, you will need to “Register Interest” in our app to reserve your spot.

Registration is open until 2 hours before the sale. Make sure to Register with your wallet that is Staked in Forge (or Tiers for those not in Forge)

You will then be prompted to Enter your Terra address that you will use on IDO Claim day

2. IDO Day

On Sale Day, go to our app, connect your wallet, and claim the tokens you registered for with UST.

SKAL frens!

About Thorstarter

Thorstarter is a first-of-its-kind model: a hybrid IDO launchpad meets decentralized investment DAO. TS functions as a decentralized VC firm offering an array of services to partner projects. From investing in promising projects, to helping them market and build community, to performing their token launches in the Thorstarter app, Thorstarter is a premium, full suite incubation and launch solution that also helps building communities.

Thorstarter community members have the chance to invest alongside the Thorstarter treasury by entering Thorstarter Tiers with the $XRUNE token.

Thorstarter currently launches on THORChain, ETH, Terra, Fantom, and Polygon, with further chain expansions (such as Solana) happening in 2022.

Thorstarter Links

⚡️ Website: https://thorstarter.org

⚡️ Telegram: https://t.me/thorstarter

⚡️ Telegram ANN: https://t.me/thorstarter_ann

⚡️ Twitter: https://twitter.com/thorstarter

⚡️ Blog: https://blog.thorstarter.org

⚡️ Discord: https://discord.gg/awmWNyWb

️️⚡️ XRUNE ETH address: 0x69fa0fee221ad11012bab0fdb45d444d3d2ce71c

️️⚡️ XRUNE Terra address: terra1td743l5k5cmfy7tqq202g7vkmdvq35q48u2jfm

️️⚡️ XRUNE Fantom address: 0xe1e6b01ae86ad82b1f1b4eb413b219ac32e17bf6

Please note. The sale is only open to non-U.S. persons and entities. In addition, the sale is not and will not be offered or sold, directly or indirectly, to any person who is a resident, organized, or located in any country or territory subject to OFAC comprehensive sanctions programs from time to time, including Cuba, Crimea region of Ukraine, Democratic people’s Republic of Korea, Iran, Syria, any person found on the OFAC specially designated nationals, blocked person list, any other consolidated prohibited person list as determined by any applicable governmental authority.

Space Cartels Links

✅ Website: https://spacecartels.com/

✅ Twitter: https://twitter.com/SpaceCartels

✅ Discord: discord.gg/spacecartels

✅ Telegram: https://t.me/spacecartels

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