Binance Launchpool officially announces the GUN (GUN) project

GUNZ is an L1 public chain based on the Avalanche Subnet, developed by the German game company Gunzilla Games, specifically for AAA games.

Last night, Binance officially launched the 66th Launchpool project GUNZ (GUN), which is an L1 public chain developed by Gunzilla Games specifically for AAA games. As soon as the news broke, the long-silent blockchain gaming community erupted, with many "old blockchain gamers" becoming active on various social media platforms, sharing their expectations and excitement, with many exclaiming, "Blockchain games are finally coming back!"

As one of the few heavyweight blockchain gaming projects recently, Odaily will take you through the GUNZ project launched on Binance Launchpool, including its token economic model, participation in staking mining tasks, and more.

Project Introduction

GUNZ is an L1 public chain based on the Avalanche Subnet, developed by the German game company Gunzilla Games, specifically for AAA games. Its first application case is Gunzilla Games' flagship game Off The Grid, a cyberpunk-themed battle royale game that has attracted over 12 million wallets and 230 million transactions. Gunzilla Games' CTO Timur Davidenko served as the technical director at Crytek, the developer of the Crysis series and Far Cry, for 18 years.

As one of the first crypto economies in the AAA gaming sector, the GUNZ chain empowers players with ownership of in-game assets through NFTs, building a fairer and more sustainable gaming ecosystem. GUNZ employs a customized consensus mechanism to achieve tens of thousands of TPS, with gas fees approaching zero, and is compatible with Unity/Unreal engines, allowing developers to seamlessly migrate traditional games onto the chain, significantly lowering development barriers. GUNZ aims to provide verifiable transparency for the gaming community and blockchain enthusiasts, allowing players to truly own in-game items.

Currently, GUNZ is in the testnet phase (testnet blockchain explorer link: https://testnet.gunzscan.io/), with the mainnet set to launch soon.

According to ROOTDATA data, Gunzilla Games has completed two rounds of financing, totaling up to $76 million:

On August 9, 2022, Gunzilla Games announced the completion of $46 million in financing, led by Republic Capital, with participation from Griffin Gaming Partners, Animoca Brands, Jump Crypto, and notable angel investor Justin Kan, co-founder of Twitch;

On March 26, 2024, Gunzilla Games announced the completion of $30 million in financing, led by Avalanche's Blizzard Fund and CoinFund.

Initial Circulation of Only 6.05%

According to information disclosed by Binance, the native token of the GUNZ project is GUN, with a total supply of 10 billion tokens. In terms of token distribution, the initial circulation is 604,500,000 GUN, accounting for 6.05% of the total supply. Among them, Binance Launchpool allocates 400,000,000 GUN, accounting for 4%, to provide mining rewards and liquidity support for early participants.

In addition, the GUNZ project team has reserved a portion of the tokens for gaming ecosystem incentives, which may continue to empower gamers and the community through NFT assets, Play-to-Earn, and other incentive mechanisms in the future. The GUN token serves not only as a medium for on-chain transactions and gas fees but may also play a role in in-game item trading, governance voting, and more, supporting the long-term development of the GUNZ ecosystem.

Regarding the more detailed token distribution plan, it is still pending further announcement from the official team, and the market is paying attention to the specific distribution ratios among its team, investors, ecosystem funds, and the future unlocking plan.

How to Participate in Binance Launchpool Staking Mining

This time, Odaily demonstrates how to participate in this event on the computer.

STEP 1. Go to the Binance Launchpool page (link: https://launchpad.binance.com/en) and find the GUN project.

STEP 2. Choose staking assets: This Binance Launchpool supports three tokens for mining: BNB pool, FDUSD pool, and USDC pool, with token reward ratios of 80%, 10%, and 10%, respectively. The hourly reward cap for individual users in each pool is 444,444, 55,555, and 55,555 GUN.

STEP 3. Start mining: Select the token you want to stake and click "Confirm." Once staking begins, GUN token rewards will be automatically calculated and distributed every hour.

Regarding this event, participating users need to pay attention to the following details:

Restrictions: KYC identity verification is required;

Total reward pool: 400,000,000 GUN (accounting for 4% of the total token supply);

Event duration: March 28, 08:00 (UTC+8)