• MonkeyBall, a Solana-based play-to-earn game, will pioneer IDOs on StarLaunch

  • MonkeyBall, a one-of-a-kind football player simulator that works similarly to the iconic FIFA but for monkeys, is preparing to launch its core native token for retail investors.

    MonkeyBall’s MBS will be released on StarLaunch in a first-ever IDO.

    According to an official announcement made by the MonkeyBall play-to-earn ecosystem team on Solana, the token sale will take place on the newly-launched IDO platform StarLaunch.

    StarLaunch is the first project to organize an IDO for MonkeyBall. As a result, the GameFi protocol is selected as the launch partner for a new Solana-centric IDO vehicle.

    The auction is set to take place on November 30, 2021. In total, 1% of MonkeyBall’s total supply will be made available. The IDO price for MBS token is set at $0.04, bringing MonkeyBall’s implied fully diluted valuation to $40 million.

    Previously, MonkeyBall completed its private token sale, which was co-led by a slew of high-profile VCs including Solana Ventures, NFX, iAngels, Longhash, CMS, and Republic.

    Aside from that, Shalom Meckenzie (founder of DraftKings), Yoni Assia (founder of eToro), Shahaf Bar-Geffen (CEO of COTI), and Nimrod Lehavi have all backed MonkeyBall in its fundraising efforts (co-founder of Simplex).

    As NFTs, 5,000 Gen0 monkeys will be released.

    Oren Langberg, MonkeyBall’s head of marketing, emphasizes the critical importance of launch partner status as recognition of his product’s progress:

    We are thrilled to have been chosen as StarLaunch’s flagship IDO. StarLaunch, from the same team that brought us CardStarter, has all of the elements we were looking for in a partner, most notably a team as dedicated and MonkeyNuts as us, as well as a proven track record of successful IDOs.

    The StarLaunch design is based on a novel dual token model in which STARS functions as a deflationary governance token and N2H4 functions as an access stake asset.

    In addition, early MBS holders will be eligible for the distribution of MonkeyBall’s first massive NFT drop. There will be 5,000 Generation Zero monkey characters in the collection.

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