Ethlas, a disruptive force in the Web3 gaming industry, is pleased to unveil a significant milestone on its roadmap: the introduction of the $ELS token. With a core team boasting backgrounds at renowned companies like Google, Microsoft, Airbnb, and Grab, Ethlas has garnered substantial support from industry leaders including Sequoia, Dragonfly Capital, Makers Fund, and Yield Guild Games (SEA), securing nearly USD 10 million in seed funding.
With an impressive track record of gaining traction across multiple countries, including the Philippines, and accumulating over 15 million gameplays within a span of just two years, the team is launching the $ELS token to revolutionize the way players engage with Ethlas’ in-game economy. Some exclusive benefits token holders can expect to receive include access to tiered subscriptions, limited in-game items, and exciting rewards.
Disclaimer: The information presented in this article is for educational purposes only and should not be considered investment advice. It is crucial to conduct thorough research before making any investment decisions regarding $ELS and other cryptocurrencies.
A successful presale
The recently concluded $ELS presale held between June 26–27 garnered tremendous attention from investors, partners, and a select group of public participants facilitated through launchpads like Gamestarter, Gamefi, Spores, and Finblox.
Most notably, the presale was sold out on 3 platforms — Gamefi, Spores, and Finblox — signifying public investors’ strong conviction in Ethlas’ vision and potential.
Announcing listings on centralized exchanges
Following the successful presale, Ethlas launched the $ELS token on June 28 with two leading centralized exchanges, Gate.io and MEXC, as well as Finblox. These listings significantly enhance accessibility for individuals looking to purchase $ELS to enjoy its benefits. Moreover, with the stringent listing criteria involved, this adds a strong layer of credibility to the project.
Since 2:00 p.m. on 28 June 2023, the $ELS token has achieved significant success on these centralized exchanges, including amassing USD 1.2 million in trading volume within the first 8 hours after launch and ranking among the top gainers on both exchanges as well as CoinMarketCap.
Moreover, Ethlas has future plans to list the $ELS token on decentralized exchanges, aiming to enhance liquidity and expand trading opportunities, which will promote the decentralization of the ecosystem.
The benefits of holding $ELS
Token holders can stand to gain access to the recently launched Ethlas Portal, where $ELS is primarily used as the currency for the marketplace, which provides in-game perks and purchases.
For example, $ELS will be used as in-game credits to play Ethlas Studios’ vast catalog of games, including PokPok, Battle Showdown and Komo Valley. Whether you aim to level up your character or acquire exclusive in-game items, $ELS provides an all-encompassing option, regardless of the game you play.
Moreover, users can stake, or lock up, their $ELS tokens to attain one of the membership tiers provided by Ethlas. One of the exciting perks includes players having access to the beta version of ReadyNFT. This feature enables the conversion of any NFT across any EVM-compatible network into a playable avatar in Battle Showdown, a player versus player (PvP) mode that combines elements from MapleStory and Super Mario Smash Bros.
Furthermore, if you’re a developer, the $ELS token can be used as credits to access the Ethlas Web3 Services (EWS), a suite of developer tools to bridge the gap when transitioning games from Web2 to Web3, which you can find out more here.
The future of $ELS
After the launch of the $ELS token, investors can anticipate an exciting future as Ethlas progresses along its roadmap. Some benefits include enhanced rewards for $ELS stakers, expanding the utility of EWS, and the integration of the $ELS token into future partnership ecosystems.
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These developments are poised to expand the utility of the $ELS token, providing more use cases and opportunities for the token.
Furthermore, Ethlas is committed to transparency and creating a thriving community of token holders who share their passion for innovative gaming experiences. As the platform continues to grow, achieving a milestone of five to 10 million active monthly users, Ethlas is committed to transitioning to Stage II of its decentralization roadmap.
This transition will mark the creation of a Decentralized Autonomous Organization (DAO), empowering $ELS holders to actively shape the future development of Ethlas. Through the DAO, token holders can propose and participate in voting processes, fostering a deeper level of community engagement and collaboration.
Don’t miss out on the chance to be a part of the flourishing Ethlas ecosystem as it strives to establish itself as the leader in Web3 gaming. Find out more about how to purchase the $ELS token here.
This article was brought to you in partnership with Ethlas. To learn more about Ethlas and their vision for the future of Web3 gaming, follow them on Twitter and Discord, or visit their website for more information.