June 28, 2022, Singapore – The leading cryptocurrency exchange Bithumb has released a second phase of the ‘Bithumb -Drops’ product after putting its successful initiatory phase to an end. On June 30 at 10 AM (GMT+9), the platform will open this product that pairs Binance Coin(BNB) with ArchLoot Token (ALT). It is the first time ever that on the Bithumb platform BNB deposits are paired with a new project and will be rewarded with its tokens.
Based in South Korea, Bithumb has grown quickly since its launching, with a reported $100M in trading activity on a daily basis. ‘Bithumb Drops’ is a service where users can deposit Type A digital assets to earn Type B digital assets as rewards. The new product of Binance Coin(BNB)/ArchLoot Token ( ALT) offers an interest rate of 9.86%.
Recruitment information
Product opening: June 30 (Thurs) 10:00 AM GMT+9
Recruitment period (3 days): June 30 (Thurs) 10:00 AM ~ July 2 (Sat) 11:59 PM GMT+9
* To be closed early when achieving the total recruitment amount
Deposit information
Depositable amount: 1~5 BNB (1 account)
Deposit period (30 days): July 3 (Sun) 12 PM – August 1 (Mon) 11:59 PM GMT+9
Total deposit recruitment: 2000 BNB
Reward information
Total reward: 306,000 ALT
Base price: 0.15$ (KRW 195)
Deposit return: Aug 2 (Tues)
Being the first chance for the marketplace to meet ALT, the product unveils a new period when ArchLoot project, the GameFi ecosystem where ALT serves as a governance token, is set to go live on a global exchange.
ArchLoot is an NFT-based UGC game with loot-style composability and playability. Built on the BNB Chain, one of the largest ecosystems in the GameFi industry, the project leverages the neat and fast underlying technology infrastructures of the platform, and in the meantime separates itself from other short-living play-to-earn models with the unique technology that provides the first interactive gameplay in the industry.
Backed by a unique BEP-129 protocol, all NFTs in the game that can be used to assemble avatars support instant on-chain user modifications, unleashing the full potential of playability and user-generated content robustness.
To create a mutually beneficial system where every participant is fairly compensated for its efforts, ArchLoot adopts a dual-token economic system, which includes both a governance token (ALT) and in-game currency gold (ALG). As a functional multi-utility token, ALT is used as the native governance token and economic incentive which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem. In-game earnings will thereby come as ALG.
ArchLoot game tackles inflation with balanced economic mechanisms and an entry-gated method, introducing a hunting license system to strike balance between in-game currency generation and consumption, ultimately achieving the goal of sustainable growth.
After launching recently in April this year, ArchLoot has conducted a highly engaging closed beta test and finished the first wave of blindbox sales on the Binance NFT platform, gradually establishing its network of key players in the crypto space on the basis of health funding. The team is now heading toward a more full-fledged game ready for a larger user base to achieve its ultimate vision of GameFi 2.0.
The next wave of NFT sales and further beta tests can be expected very soon.
About ArchLoot
Launched in 2022, ArchLoot is an NFT-based UGC game with loot-style composability and playability. Built on BNB Chain, it provides the first interactive gameplay in the industry, which fully enables on-chain implementation of upgradeable characters/props NFTs and unleashes its potential for playability and user-generated content robustness. The game intends to build an ecosystem, including a great game and a creative community, that truly achieves a balance between playability, accessibility, and profitability.
Gathering talents from the world’s leading gaming publisher, blockchain projects, and financial elites, the team now has 40 experienced members and is currently operating across continents. The project has been expanding its network of investors and collaborations, including Binance NFT, FBG Capital, Alphabet, YGG SEA, and more, to keep fully funded operations and deliver milestone objectives.
Official website: www.archloot.com
News contact: contact@archloot.com
