Play-to-earn crypto game Calvaria has raised more than $2.1 million through its ongoing crypto presale. The presale is now in its final stage, but investors still have time to purchase Calvaria tokens ahead of an expected initial exchange offering (IEO).
Stage 5 will be the final stage of the Calvaria presale, with the project’s native RIA token selling at a price of $0.0325. Less than 10% of the RIA tokens allocated for the presale remain available for investors.
The current RIA price, $0.0325, represents an unrealized gain of 225% for Calvaria’s earliest presale investors. By the end of the presale, Calvaria expects to raise a total of $3.075 million for the project. 150 million RIA tokens, or 15% of the total supply, were allocated for the presale.
An IEO Ahead
Following the end of the presale, Calvaria is expected to enable trading on its RIA token through an IEO.
The project has already entered partnerships with KuCoin and Gate.io, the world’s 3rd and 4th largest crypto exchanges, respectively, according to data from CoinGecko. Calvaria has also established a partnership with XT.com, a social crypto trading platform.
Calvaria’s presale has attracted a lot of attention from major financial news outlets. The project has been covered by Benzinga, Yahoo! Finance, and industry outlets like Cryptonews. Calvaria has also been featured on Business2Community, a business-centric outlet focused on tech and trading.
This attention bodes well for the project’s IEO. While a listing price for RIA tokens has not yet been announced, presale investors can anticipate a significant gain from the current price of $0.0325.
P2E Rewards, Staking & Beyond
The RIA token plays a number of crucial roles in the Calvaria project.
First, it’s given out as a reward for winning players in Calvaria’s P2E battle card game, Duels of Eternity. Players take part in strategic duels using NFT battle cards, and victors receive RIA tokens.
Players can use RIA to purchase or upgrade NFT battle cards at Calvaria’s in-game marketplace. Having a stronger battle card deck means players have more opportunities to win RIA in future duels.
Players and investors can also stake RIA to earn rewards. Calvaria’s development team has set aside 25% of the total RIA supply for staking rewards, to be unlocked over the next 5 years.
RIA stakers receive votes in the Calvaria DAO. So, RIA also serves as a governance token and gives players and investors a say in the future of this project.
Attracting a New Audience of Gamers
Calvaria has taken several initiatives to differentiate itself from existing P2E battle card games, such as Gods Unchained and Splinterlands.
Unlike existing P2E games, Calvaria will offer a free-to-play version. Players will not need to buy RIA or NFT battle cards in order to play. In fact, they won’t even need to connect a crypto wallet.
Players using the free-to-play version of Calvaria are not eligible to earn RIA rewards. However, this version of the game is expected to attract gamers who are hesitant to play crypto games or who do not yet have a Web3 capable crypto wallet.
Another major feature of Calvaria is that the game will be available on mobile devices when it launches. Many P2E crypto games are only available on the web or have limited mobile functionality, reducing their penetration of the mobile gaming market. Calvaria will offer the same player experience across all devices.
Layer 2 Partnership
To power transactions within the Calvaria ecosystem, the project has turned to the Polygon network. Polygon is a Layer 2 solution built on Ethereum to provide faster and cheaper transactions.
This Layer 2 partnership is expected to create a smoother gaming experience within Calvaria. Calvaria is supported by Polygon Studios to implement the game on Polygon.
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