Gunzilla Games’ GUN token hits $68M market cap within hours of launch

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Gunzilla Video games’ GUN token — for its Off The Grid sport and Avalanche subnet Gunz — is now reside.

GUN climbed up 12% since its launch early Monday morning, however has since fallen barely. As of 11:30 am ET Monday, its worth was $0.09. The token had a market cap of roughly $60 million at the moment, with 604 million GUN in circulation out of a potential 10 billion.

GUN already has a buying and selling quantity of $126 million only a few hours after launch, per CoinGecko knowledge.

The Gunz chain has already seen over 487 million transactions throughout 14.5 million wallets, in response to Avascan knowledge and Gunzilla’s Director of Web3 Theodore Agranat.

“In contrast to most Web3 initiatives, we’ve spent 5 years now constructing every little thing first and testing it in testnet for over a yr,” Agranat stated in an interview with Blockworks, noting that the crew selected to launch the token on Binance as a result of it’s the most important crypto alternate.

Agranat says he’s seen crypto exchanges participating with gaming initiatives much less over the previous yr — however says these initiatives that did launch have largely missed the mark.

Off The Grid is free to play on PC and console — and doesn’t require a pockets or any crypto. The sport is basically a skill-based shooter, although some characters’ “cyberlimbs” grant particular talents. Objects will also be purchased and used within the sport.

These wishing to pour cash into the sport will pay for Off The Grid’s Professional membership ($12 a month) to make use of the sport’s market, which makes use of blockchain on the backend. However even should you’re enjoying without spending a dime, you’ll slowly earn GUN as you go.

Should you’ve already been enjoying the sport, although, these GUN token numbers you’re seeing gained’t be become precise GUN tokens, Gunzilla has confirmed.

“Their most important advantages are the uncommon objects that they earned or obtained with OTG Professional — lots of which nobody will ever have the ability to entry sooner or later,” Agranat defined on the advantages for early gamers in a message.

“Hexes” and different objects earned early on will switch over, although. And although it’s difficult, extracting hexes whereas enjoying the sport will get you extra loot (every hex might be decoded to disclose an merchandise). Agranat famous throughout our interview that over 380,000 hexes had been extracted in simply someday final week.

I’ve sunk some hours into the sport thus far, and I like each solo mode and trios mode. This sport is quick — extra like Name of Obligation: Warzone than Apex Legends by way of time-to-kill and general pace. However even with out its crypto components, Off The Grid brings one thing distinctive to the extraction battle royale shooter style with its cyberlimbs and gritty, futuristic aesthetic.