What Is Shrapnel? Everything You Should Know Before Investing In $SHRAP

Shrapnel is an upcoming extraction FPS with a heavy focus on user-generated content, which is launching on Avalanche network and had the first public mint on the 9th of June.

What Is Shrapnel?

Shrapnel is the world’s first blockchain-enabled moddable AAA first-person shooter game. Designed to reward and empower players as well as creators. The game is being developed by a BAFTA and Emmy award-winning team of game industry veterans with unmatched experience in transmedia, virtual production, gaming-as-a-service, and blockchain production.

As the first blockchain-enabled competitive multiplayer first-person shooter, Shrapnel is bundled with a rich set of player-creation tools, combining combat, creation, curation, and connection into a community where players own the platform and decide its future. In order to facilitate this ever-evolving design, Shrapnel requires a high degree of customization.

As the premier platform for inviduals and enterprises to create powerful, reliable, and secure networks with uniquely customizable implementations, Avalanche offers the ideal foundation to build Shrapnel upon, as well as enables all of Shrapnel’s in-game assets to be interoperable with EVM compatible chains.

Which in turns, allows players to transfer their assets from Shrapnel’s marketplace to Avalanche C-chain, trade with other players and community members, and the bring them back in game sessions. This dedicated subnet guarantees the reliability and speed gamers expect from a AAA experience.

What Is Shrapnel Studio?

The Shrapnel team is comprised of award-winning industry experts from AAA games and blockchain projects, with pedigree from Xbox, HBO, EA and more. The studio is headquartered at their waterfront offices in mossy Seattle, WA. They were recently funded by respected gaming and crypto VCs.

About Shrapnel’s Economy

The Shrapnel economy will allow several personas to participate in the ecosystem through play, creation, ownership, and governance. The interplay between each persona creates a virtuous cycle of collaboration, discovery, and ever-increasing economic activity as more people participate:

  • Players: In Shrapnel, players can buy gear, extract it from game sessions, and sell it in the Shrapnel Marketplace for SHRAP.
  • Creators: Creators can make anything from vanity items to customized weapons, maps, and map objects as well as profit from the economic value they create.
  • Curators: Curators who successfully discover great content for the community to enjoy will also share i the spoils.
  • Land Owners: Land owners who make an upfront commitment to the ecosystem will receive a fair proportion of the value creation.

Discover The Game

Shrapnel Gameplay

In Shrapnel, players join the warzone as operators for one of the several teams and are entrusted with collecting and extracting valuable resources. Many other operators are competing for the map’s resources, creating a frantic, high-stakes atmosphere that encourages risk-taking and reward ability.

Before entering the battlefield, players equip their operators with the appropriate gear that suits their playstyle. This equipment, in the form of NFTs, is dropped when player dies, then requiring them to consider the continuously fluctuaring odds of success in every decision they make.

Moveover, successfully extracted loot (NFTs) is stored in the player’s persistent inventory, which he or she can utilize to build loadouts in future sessions.

A Community-Run Experience Game

In this game, players will be able to craft vanity items, mint them on the blockchain, and profit from their designs on the internal marketplace.

Additionally, all NFTs and coins earned in-game can be staked to vote on maps or proposals for the game governance. That is, maps follow a race to the top process, where new maps will enter a contest and gradually get to a direct confrontation with other candidates after enough players stake their NFTs or tokens to vote on them, and winning maps will be developed and integrated into the game.

Following a similar pattern to LBRY and HIVE, Shrapnel aims to reward content creators, curators, and advertisers alike by implementing a reward-based system to replace standard ads. In the future, the game might host custom skins in the form of advertisements.

What Is SHRAP Token?

Shrapnel will feature a single-token economy, with $SHRAP being the only coin available. With a total fixed supply of 3,000,000,000 and a 33% pledge to community rewards, this token will be used to transact in the marketplace, yield in-game rewards, and stake it to receive airdrops.

In addition, $SHRAP is going to be the token to reward validators in the network, once the game becomes fully decentralized and will require node validators in the ecosystem.

The Operators NFT Collection

A collection of Operators featured in Shrapnel’s upcoming standalone comic series. Each character has their own story told in one of the five comic books currently in production, users can get exclusive perks by collecting them, including Drops, Unique Comms, Rarity, and Exclusive Access.

The series introduces the state of the world in 2044 and how it changed after an asteroid impacted the moon in 2038. The Operators NFT Collection features each main character from the comic books.

Tokenomics

Key Metrics

  • Token Name: Shrapnel Token
  • Ticker: SHRAP
  • Blockchain: Ethereum/Avalanche subnet
  • Token Standard: ERC-20
  • Contract: Updating
  • Token Type: Utility, Governance
  • Total Supply: 3,000,000,000 SHRAP
  • Circulation Supply: Updating

Token Distribution

SHRAP will be issued as a ERC-20 token and deployed on Avalanche shortly afterward, and tokens will be distributed as follows:

  • Commnunity Rewards: 33% (320,000,000 SHRAP)
  • Team & Advisors: 27% (200,000,000 SHRAP)
  • Seed Token Holders: 20% (150,000,000 SHRAP)
  • Strategic Token Holders: 7% (100,000,000 SHRAP)
  • Public Sale: 5% (100,000,000 SHRAP)
  • Ecosystem Fund: 5% (60,000,000 SHRAP)
  • Market Making and Liquidity: 3% (50,000,000 SHRAP)

SHRAP Token Sale

Updating

SHRAP Token Release Schedule

Roadmap

Teams, Investors And Partners

Team

Investors & Partners

Should You Invest In $SHRAP?

Generally, the game is still in its very early stages. According to the developers, it’s still in the pre-production phase, and there is no doubt that Shrapnel has valid ideas and a great team of 30+ people coming from decades of experience in building FPS titles.

However, users should take a look at their public mint to see how successful they will be, and keep in mind giant AAA games require years to come out. Users can read the full white paper here and follow their Twitter, but don’t expect a real token to come out any time soon, especially due to the current market conditions.

Community

Conclusion

All information on the article is for reference only, this is not investment advice. Hopefully, the information that Avaxholic has gathered in the article will be useful to you.

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