Unveiling the Future of Blockchain Gaming: Param Labs' $PARAM Token
Param Labs is revolutionizing the blockchain gaming and play-to-earn arena with the introduction of its $PARAM token. This article delves into the $PARAM token claim process, the innovative staking mechanism, and the first-ever platform mint, showcasing how these features elevate the gaming experience and bring value to the community.
About Param Labs
Param Labs is an independent game and infrastructure development company committed to crafting immersive and innovative gaming experiences. Recently, they secured $7 million in funding during an investment round led by Animoca Brands, with contributions from renowned VCs such as Delphi Ventures and Mechanism Capital.
This investment reflects the company's ecosystem growth, recently surpassing 2.5 million Twitter followers across all their pages, 500,000 Discord users, and 300,000 daily active users (DAU) on the Param Gaming Platform - a testament to their significant milestones over the past 24 months.
Impressive Revenue and Product Launches
According to reports, Param Labs has launched three products into Beta in the past year: their first game, Kiraverse, the Param Labs Game Launcher, and Pixel to Poly. These products have received overwhelmingly positive feedback from users worldwide.
Moreover, Param Labs has generated over $4 million in revenue in the past 18 months, primarily from Kiraverse skins sales and their flagship Pixel-to-Poly service. This unique service converts 2D images into 3D game-ready avatars seamlessly for users.
Strategic Partnerships and Expanding Ecosystem
Param Labs has integrated numerous web3 personalities, including Immutable X co-founder Robbie Ferguson, into its Kiraverse game. The company boasts over 50 IP partnerships, featuring brands such as Pudgy Penguins, Neo Tokyo, Animoca Brands’ Mocaverse, and Pixelmon, alongside retail giants like GameStop.
Beyond Pixel-to-Poly and Kiraverse, Param Labs aims to develop a series of infrastructures, including its ZK EVM-compatible layer 2 / layer 3 blockchain, built on Ethereum.
$PARAM Token Claim Process
Claim Details:
- Genesis Holders: 1% of the total $PARAM supply is reserved for 2,350 Kira Genesis Holders. The claimable amount is determined by the rarity and tier of their Genesis asset. If a Genesis asset is sold, the new owner can claim the remaining $PARAM.
- Param Point Earners: 2% of the $PARAM supply is allocated to Param Point earners. This allocation is based on snapshots taken on May 23rd, May 26th, and May 28th, identifying 544,139 eligible accounts.
Vesting Schedules:
To ensure the sustainable distribution of the $PARAM token, vesting schedules are in place, aligning with the company's long-term vision and commitment to its community.
Conclusion
Param Labs is making significant strides in the blockchain gaming world, offering unique products and experiences that resonate with the gaming community. The introduction of the $PARAM token, along with strategic partnerships and innovative infrastructure, positions Param Labs at the forefront of the play-to-earn revolution.
Stay tuned for more updates from Param Labs as they continue to push the boundaries of blockchain gaming and deliver unparalleled value to their community.
