SKARA ICO REVIEW

SKARA is a new entertainment universe that includes a multiplayer competitive eSports p latform, narrative role playing (RPG) games and mobile apps in a rich fantasy world described in a series of novels to be published January 2018. SKARA is one of the frst games to overcome this barrier by creating a new
cryptocurrency in the form of an ERC-20 token based of f the Ethereum blockchain called SKARAT (SKARA Token - SKT), which can be traded on the
open market. Through this new vehicle, participants in the SKARA community will be able to buy, sell and trade in-game assets without having to go to shady black
markets.

Legal and compliance

SKARA will be playable for free. Players will be able to acquire dif ferent kinds of assets in SKARA using two dif ferent currencies, a sof t currency called Shard (that you can earn by playing the game) and a premium currency called SKARAT (which you can acquire with FIAT money). The SKARAT (SKARA Token) is a unit of value that will be created to self-govern our ecosystem, and empower SKARA users to interact with other products, while facilitating the distribution and sharing of rewards and benefts to all of our community and stakeholders.

Most SKARA assets that can be bought with SKARATs are purely cosmetic and don’t provide a competitive advantage in-game since we aim to become a competitive eSports game. Some of these assets will grant special abilities or higher stats but only in certain non-competitive game modes such as single-player mode. SKARA will always be free to play and free to win. In order to incentivise players to keep playing and spending money in SKARA, we need a large community of gamers engaged continually, this is only achievable with retention mechanics that will encourage participation. This is why the dual currency structure is important - the sof t currency Shard rewards players who spend time in the game and helps keep them engaged.

SKARA TOKENOMICS

The following assets will be achievable for free by playing Skara, using
shards, or by leveling up:

• Common, Rare and Epic skins and weapons.
• Avatars
• Frames for avatars
• Sprays
• Common Emotes
• Common Victory Poses
• Voice Lines
• Character Add-ons (beards, scars, tattoos, etc)
• Banners
• Dyes

The following assets will be available by spending SKARATs:

·       Purchase of unique player skins

·       Purchase of Legendary weapons and items

·       Epic and Legendary Victory poses

·       Boosts

·       Purchase of in-game territory

·       Player-to-player trades

·       Players will be able to bet on dif ferent events (i.e. tournaments, championships, leagues…) using SKARATs

·       KARATs will be used to deploy events’ awards for those
participants

·       Professional players will receive part of their gains in SKARATs

SKARATs and valuable game items will be stored in a decentralized blockchain on the user’s dedicated Ether wallet. The game will allow the user to link his blockchain identity (wallet) to his account in SKARA. Accounting for game assets through the blockchain allows the users to take the value of their game items outside of the SKARA universe. By having the freedom to buy, trade and sell items, Skara assets (including SKARATs) become even more collectible and valuable.

Using tokens

When a SKARAT enters the game, it gets parked in a SKARA - The Blade Remains Wallet, tied to a player’s account. When the reverse process takes place, the token is moved from SKARA - The Blade Remains Wallet to the new owner’s Ethereum wallet, and this SKARAT is no longer in the game. All such token transactions are stored on the blockchain. The SKARA - The
Blade Remains game server has access only to those tokens that are held in the SKARA - The Blade Remains Wallet.

Players spend SKARATs on unique game content, on player-to-player trades, or by participating in SKARA Tournaments (whether playing or betting). All this daily activity by the millions of players we are forecast to have playing SKARA creates a constant demand for SKARATs on the open market.

When a player purchases something, e.g. a weapon or a boost, from the game itself, we burn 50% of spent SKARATs, and move the remaining 50% to a special account called Game Funds. Burning half of the SKARATs involved in every in-game transaction provides inflationary price pressure on the market value of the remaining SKARATs as the limited supply of SKARAT tokens is continually reduced.

Ways to purchase SKARATs by a player

1. SKARAT (SKT) is the token issued in the Token Sale.
2. SKARATs are ERC20 compliant Ethereum smart contract tokens.
3. Only ETH will be accepted as a contribution. You can use certain
   exchanges such as Evercoin, to contribute with Bitcoin, Litecoin, Dash and
   other cryptocurrencies. Contributions coming from exchanges will not be accepted and the money will be lost.
4. To contribute into our token pre-sale or to comply with our Whitelist
   procedure:

·         Visit https://www.skaratoken.com/

·         Provide your email, telegram username and amount expected.

·         A minimum of 10 ETH will be accepted for the pre-sale.

ETH/SKARAT price: We cannot determine the exact amount a token will cost in ETH until the token sale starts due to price fluctuations.
We will update the price of ETH according to the market at 2PM (CET) each day af ter the token sale goes live in order to adjust for any price fluctuations. To see the current SKARAT value, go to www.skaratoken.com

Token release: The tokens will be issued within two weeks of the end of
the token sale.

Only purchased tokens will be minted.

TOKEN SALE

Token distribution

We expect to issue a maximum of 20,000,000 SKARATs. When the token sale is completed, no more SKARA tokens will be issued. The tokens will be distributed as follows:

9% of the tokens will be distributed among co-founders and the team.

15% of the tokens will be held by the company to fund future marketing activities.

3% will be used for Bounty program and another 3% for advisers.

70% will be available to token sale contributors.

Pre-sale structure

All tokens sold in the pre-sale are subject to a minimum lockup of 3 months.
Sale bonus structure

Stage Whitelist - day 1 Public - day 2 Public - day 3

Bonus 15% 10% 5%

Vesting

Shares for the SKARA team and those for advisors will be vested for a period of three years. Pre sold tokens will also be vested for a period ranging between 3 months and two years, depending on the bonus.

OFFICIAL LINK

Whitepaper   Steemit   Discord    Telegram     Facebook     Twitter    Medium

AUTHOR cenatown