Original - Odaily
Author - Nan Zhi
Farcana is a high-quality third-person shooter chain game designed to introduce Web2 players, announced in December 2023$10 million in seed round financingRecently, Farcana announced the token airdrop rules and stated that the airdrop will be imminent, with Animoca Brands and others participating in the investment. Odaily will explain in detail in this article the quality of this project and whether there are any opportunities to participate in token airdrops.
Project Status
Farcana is a third-person shooting game chain game launched by Farcana Studio. It provides rich game content and gameplay, including character system, weapon system, skill system, etc., and combines Web2 quality and Web3 economy.
Web2 gaming experience
Farcana aims to build an exquisite chain game that is comparable to traditional games and seamlessly introduce Web2 players. The main design elements of its game include:
Pay attention to text design: design corresponding background stories and matching character images for each hero character, and build rich underlying text;
High-quality gunfight experience: Provide simulated shooting effects (recoil, aim shake, visual effects, UX, etc.);
Rich game combination: including 24 characters, 20 unique weapons, 4 types of team roles, and more than 10 game modes, aiming to provide players with rich choices and fresh experiences;
Competitive focus: Emphasizes the games tactics and defense capabilities, while emphasizing teamwork to provide a competitive-focused (rather than gold-meddling) gaming experience.
Farcana plans to log on to PC, PS, Xbox and other platforms. It has just completed the Open Alpha stage and is about to start Closed Beta testing.
Game economic system
Farcana operates on a free-to-play model and is open to all players. The game incorporates seasonal elements, including regular short-duration seasons that offer unique content and valuable prizes.
traditional season game
Farcana will continue to open a short season lasting 2-3 months. Each season will feature a variety of collectible game assets, including themed characters, weapon skins, animations and player customization elements. Farcana aims to provide freshness and maintain user stickiness in the form of regularly updated seasons.
Integrated Web3 technology
Farcana integrates Web3 games into traditional frameworks, allowing players to own assets in the form of NFTs and flexibly circulate them in the market.
Farcana also plans to launch a production system that converts collectibles and game output into game props.
Farcana has not disclosed the form in which the game will generate game assets, nor the relevant specific parameters. As a game with free admission, how does the payment system work? Why do users intend to purchase assets? The league system disclosed reveals one direction of Farcana’s planned development:
Farcana will run two leagues, the Adventure League, which is open to all players, and the Professional League, which requires paid registration. The Adventure League lasts for three months and has a prize pool of $12,000. The professional league registration fee is US$20 for one month, and the bonus pool is 35% of the registration fee. In addition, Farcana also plans to run tournaments that will end quickly in 1-3 days, again with the registration fee as the basis of the prize pool.
From the above, it can be seen that Farcana plans to introduce a large number of basic users through free + high-quality games. On the one hand, it will introduce paying players with collecting hobbies to pay for unique productions. On the other hand, through the league, attracting users with competitive skills, with the goal of winning competition bonuses, may encourage them to pay for advanced props.
game tokens
Currently, the Farcana token FAR hasOnline Bybit, currently quoted at 0.105 USDT. In addition, Farcana is about to conduct a token airdrop. Are there any opportunities to participate? What are the airdrop details? This section will explain in detail
Overview of Token Economics
The total number of FAR tokens is 5 billion, of which ecological funds account for 55%, investors 25%, teams 14%, and consultants 6%. In addition to the ecological fund, Cliff lock-up is required for 6-9 months. Therefore, the initial circulation is expected to be 68,368,056 pieces released in the first month of the ecological fund, corresponding to a circulating market value of approximately US$7.1 million.
In terms of token use cases, FAR will be the main currency in the game ecosystem and can be used to purchase practical props - experience enhancement props, competition tickets, etc., and decorative props - NFT skins, pets, etc. Farcana said that although game props can also be purchased with legal currency, some specific items will be reserved and only open to FAR, and this part of the purchase funds will be used for token repurchase.
airdrop plan
Farcana announced that it will allocate funds from the ecosystem fund to distribute FAR token airdrops. A total of 100,000,000 FAR tokens (2% of the total amount) will be used for airdrops and will be distributed to the two NFTs launched by Farcana and event participants. . in:
Mars Enigma Golden Vault (issued on the BTC network) Each NFT airdrops 45,045 FAR tokens, with an initial unlocking rate of 7%, and the remaining locked up for 3 months and released linearly in 12 months.
Mars Enigma Vault (issued by Polygon) Each NFT airdrops 32,175 FAR tokens, with an initial unlocking rate of 7%, and the remaining locked up for 3 months and released linearly in 12 months.
Airdrop activity: ended.
Farcana emphasized in the airdrop announcement that all unlocked tokens related to the NFT will be transferred to new buyers as the NFT is transferred. Therefore, although the interactive airdrop has ended, users can still choose whether to purchase NFT based on their expectations for the future currency price, thereby receiving monthly NFT rewards.
Based on the current price, what is the return of NFT?
The current price of Golden Vault is 0.0263 BTC (1130 USDT). Assuming the price remains unchanged, the airdrop value is approximately 4729 USDT, with a return rate of 418%. Approximately 331 USDT worth of FAR will be released initially.
The current price of Enigma Vault is 0.325 ETH (747 USDT). Assuming the price remains unchanged, the airdrop value is approximately 3378 USDT, with a return rate of 452%. Approximately 236 USDT worth of FAR will be released initially.
(Odaily tip: Farcana announced at 2 a.m. on February 4 that it would take a snapshot within 24 hours. The snapshot time was exceeded when the post was published. Although the airdrop has not been carried out, current purchases may have lost the initial unlocking qualifications. When calculating the return rate, it is recommended to use linear release. Some conservative estimates.)
In addition, Farcana announced that it will also launch a staking system to provide returns to NFT and FAR token holders. Specific details have not yet been announced.
in conclusion
The Farcana project has high-quality financing and a relatively ambitious game vision. The market has given its token a high valuation and the static calculation rate of return is high. However, the game itself is still far away from release, and it is not yet known whether it can actually be launched, and it is currently at a critical point after the snapshot. Readers are advised to participate with caution.
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