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Ethereum cellular basketball recreation Rumble Kong League will launch its FAME token on gaming-focused Ethereum sidechain community Ronin on March 11, following its current migration to the chain from Avalanche.
FAME, which is able to act because the undertaking’s utility token in an ecosystem of sports-related endeavors, may have a complete provide of seven billion tokens.
“From hoops to the way forward for sports activities gaming, FAME fuels competitors, tradition, group and the Rumble Kong League,” the undertaking posted on X (previously Twitter).
Initially introduced as early as July 2024, the token will present 50% of its provide to community-related incentives, together with 30%—or 2.1 billion FAME tokens—for its group airdrop, staking rewards, and Rumble Kong League NFT holders.
In the meantime, an extra 2% of provide—or 140 million FAME tokens—shall be obtainable to those that participated within the undertaking’s Season 1 “play-to-airdrop” marketing campaign through the Rumble Kong League cellular recreation on Android or iOS units.
Roughly 25% of the FAME token provide is put aside for the staff and advisors, topic to a six-month cliff and 24-month vesting interval. A full tokenomics replace was launched on February 11, additional detailing these eligible for FAME tokens within the close to future.
Along with the airdrop rewards, the undertaking is conducting a ”group spherical” sale through Ronin Launchpad, permitting events to buy the FAME token at worth of $0.00429 apiece earlier than the token is generated on March 11.
Rumble Kong League introduced its plans to migrate to Ronin in January, ditching its long-standing plans to make the most of layer-1 community Avalanche.
Led by its flagship 3v3 basketball recreation, the undertaking has been related to NBA stars Paul George and Stephen Curry, with Curry’s Penny Jar Capital investing within the undertaking. The sport has additionally partnered with widely known manufacturers like Gatorade and Stance.
Edited by Andrew Hayward
GG Publication
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