RavenQuest Launches $QUEST Following Early Game Momentum

Tavernlight Video games has formally launched the $QUEST for its MMORPG title RavenQuest on April 3 through Immutable zkEVM, following the sport’s public launch on PC simply three weeks prior on March 14.

This comes after a notable early efficiency from the sport, which has recorded over 1.74 million in-game transactions, greater than 1.65 million Twitch views, and over $349,000 in NFT quantity.

In contrast to different blockchain video games, the $QUEST token is launching into an already lively dwell recreation surroundings and its features are tied to in-game methods from the outset.

What’s $QUEST?

$QUEST is the first utility token inside RavenQuest, used for a variety of gameplay-related transactions. It underpins a number of in-game methods and provides gamers methods to have interaction with the financial system past customary in-game currencies.

Features of $QUEST embrace:

• Buying and selling gadgets by way of the Public sale Home
• Crafting gear and consumables
• Buying cosmetics
• Managing land possession
• Enhancing skills and gear
• Exchanging with in-game Silver Cash

Gamers earn Silver Cash by way of core gameplay—together with quests, crafting, PvP fight, and property administration—and may trade these for $QUEST by way of a peer-to-peer system with all transactions carried out gas-free through Immutable zkEVM.

The overall token provide is capped at 1 billion $QUEST with the distribution break up throughout six classes and the biggest share (54.25%) is allotted for in-game ecosystem rewards. This allocation helps ongoing participant incentives tied on to gameplay participation.

• Improvement & Advertising: 16.75% (167.5M tokens)
• Workforce: 12.5% (125M tokens), with a 4-month cliff and 50-month vesting
• Worth-Add Companions: 9.5% (95M tokens), 4-month cliff
• Liquidity: 5% (50M tokens), all unlocked at token technology
• Advisors: 2% (20M tokens), 6-month cliff

A complete of seven.5% of tokens had been unlocked at TGE, equating to 75.05 million $QUEST in circulation at launch and is now buying and selling at $0.12 in accordance with knowledge from CoinGecko.

What’s subsequent for RavenQuest?

Since launch on March 14, RavenQuest has recorded over 1.74 million in-game transactions, $349,000+ NFT marketplace quantity, 3.78 hours common each day playtime, 1.65 million+ Twitch views and 21,000+ new Discord members.

Tavernlight Video games has outlined a number of plans for ongoing improvement, together with a cell model of the sport, growth of guild mechanics and PvP options, introduction of recent professions and development content material and potential token buybacks.

The studio has not but confirmed a set roadmap for these updates however says the cell model is a key precedence. Additional use instances for $QUEST are anticipated as extra methods are carried out.