With the advent of more blockchain games, these figures are set to rise. There's a lot of money being floated around in the blockchain gaming industry. About 24 blockchain companies raised $476 million in investments in the first half of 2021 alone. Axie Infinity, the popular Ethereum-based game, has generated more than $485 million in revenue since July.
What's even mind-boggling is that the industry is still at its early stages and the potential within it is just massive. And this will serve as a proper segue in a blockchain project that is looking to do great things in the gaming industry; Roco.
What is Roco?
Roco is a crypto project that is developed on the Avalanche blockchain. It is built to be used in Rokosoft’s play-to-earn gaming ecosystem and its partner games. Roco serves creators of content, game developers and player communities by providing NFT solutions, Open-source Software Development Kits (SDKs) and game add-ons.
Roco's NFT services help developers and players manage, distribute and exchange valuable in-game assets and these transactions can be carried out over the Avalanche blockchain network.
Riseonline is the first MMORPG game to partner with Rokosoft and in its ALPHA 2.0 presented in July, has over 100,000 users. Some Roco events on Riseonline includes:
- Roco token rewarded missions.
- Roco token drops from defeated monsters.
- Boss Events.
- PVP Tournaments.
- Clan Wars
Roco Token
Rokosoft is developing different events that will be held in the Riseonline game where you players can earn Roco tokens. Players have to defeat monsters in the game to get the Roco tokens. Players can also earn Roco tokens worth thousands of dollars at Boss Events. Airdrops are also a means through which players can earn Roco tokens, and this will be made in the game at certain periods. A total of $1 million worth of Roco tokens will be distributed to game players every year.
Roco Products
- NFT Marketplace — This is a place where users can purchase virtual goods as NFT. Roco uses the NFT technology to change virtual assets to unique digital assets. To help developers and gamers carry out transactions over the blockchain, Roco provides these NFT services.
- Roco Starter (Launchpad) — This helps promote promising gaming projects that are in their seed and incubation stages. With the Starter, Roco partners with promising projects and helps them through difficult stages of their project such as development, advertising and marketing and this help the projects reach potential investors with ease. It organizes Initial DEX Offerings (IDO) for its partner companies so they can meet with and invest in the player communities.
- Stake Pools — Holders of the $Roco token can earn passive income when they stake their Roco tokens. You can learn more about Roco staking and how to go about making passive income on the platform here.
Functional Benefits of Roco
Below are some of the benefits of Roco and why the platform stands out in the play-to-earn gaming industry today.
- The Avalanche Blockchain allows for faster transactions and cheaper transaction fees.
- The rarity of items on the marketplace is provable.
- There's the option of storing items outside the games.
- Players can use Roco assets/items in their partner games.
- Roco has secure delivery regulated P2P item trading.
- The in-game trading is easy and very secure.
- Roco allows very rare and valuable gaming items to be bought and sold as NFTs.
Roco Seed Sale
On September 2, 2021, the Rokosoft team announced that it had completed its seed sales period for Roco. The project raised $3.5 million during the seed sales period and the sale attracted venture capitals which included the likes of Alameda Research.
Tokenomics
Total Supply: 100,000,000 $Roco
Initial Circulating Supply: 9,600,000
Initial Market Cap: $1,152,000
Initial Price: $0.12
Total Hard Cap: $4,200,000
Seed & Private Sale Price: $0.1
Public Sale Price: $0.12
Token Allocation
Token Sale (42%) — 42,000,000
Ecosystem (20%) — 20,000,000
Foundation (15%) —15,000,000
Liquidity (10%) — 10,000,000
Strategic Services (7%) — 7,000,000
Sustainability (6%) — 6,000,000
Vesting
- Ecosystem — 30 days cliff period with 25% unlocked quarterly for a year
- Foundation — 6 months cliff period with 8.33% unlocked monthly for a year
- Strategic Services — 30 days cliff period with 8.33% unlocked every month for a year
- Liquidity — This is 100% unlocked at TGE and 33.3% will be used for pool liquidity on Pangolin at the beginning.
- Seed & Private Sale — 10% unlocked at TGE with a 3 months cliff period and 5% released a month for the next 18 months.
- Seed Sale — 100% unlocked at TGE
- Sustainability — 2 years cliff period with 16.66% released every month for 6 months
Road Map
Q3 2021
- Public sale/token trades
- Roco Stake Pools Launches
- Roco Starter Launches
Q4 2021
- Roco NFT Market 1.0 Vers. Launches
- Blockchain Integration Of Riseonline Starts
- Developing of SDK and API Starts
- Developing of Payment Gateway Starts
- Developing of Mobile Wallet Starts
- Riseonline Closed Beta Version Launches
Q1 2022
- Mobile Wallet integration starts
- New game development starts
- New Partnerships with game developers
Q2 2022
- Mobile Wallet integration starts
- New game development starts
- New Partnerships with game developers
Q3 2022
- New Game Launches
Q4 2022
- Multichain cross-platform development starts