Crypto gaming firm Gooons of Balatroon is set to launch its new utility token, $GOB, that will be listed on Uniswap and Gate.io on August 31, according to a press statement released last week.
According to the press statement, the utility token will have a maximum supply of 750 million, and Poolz and GameFi will facilitate its Initial DEX Offering (IDO).
The team revealed that $GOB would serve as both the utility and governance token of the ecosystem. At the same time, it would also serve as the ecosystem’s reward token.
The token is already enjoying massive patronage off-chain as over 30 million $GOB tokens were spent purchasing NFT card packs for the TCG and the World of Balatroon NFT land sale.
Meanwhile, the $GOB token is built on Ethereum. The token will also launch on the Polygon network to enable cheaper transaction fees for users.
The token launch is coming on the heels of the $2.46 million raised by Gooons of Balatroon during fundraising rounds geared towards “providing a premier crypto/NFT gaming experience and building a comprehensive metaverse ecosystem,” which would have the $GOB token at its heart.
Regarding this development, co-founder Mark Turetski noted that users in the gaming industry demand a better gaming experience, and his company intends to fill this gap.
“There is a real desire in the crypto gaming industry for a more dynamic and substantial experience; users are tired of dull games, our focus here at Goons of Balatroon is on fun, function, and sustainability,” Turrtski said.
The Goons of Balatroon project has enjoyed wide adoption and accolades within the community for its ability to implement feedback to provide a better gaming experience. The project was initially launched as a 9696 profile picture NFT collection.
The project play-to-earn trading card game Goons of Balatroon introduces new playing styles and concepts designed to focus on the fun part of the game.