CoinW Research — Froyo Games (FROYO) Project Analysis
Froyo Games (FROYO) Project Analysis
1. Research Comment
The project is a decentralized game platform, which mainly provides services for gamefi on Ethereum and Binance chain. At the same time, the project party provides simple and easy-to-manage sdk and asset dashboard for game developers. More and more excellent gamefi games are coming, but the number of game platforms has not shown a sharp growth, indicating that it has certain financial and technical thresholds. The project is invested by a well-known institution, and then carried out ifo on pancake, with a total funding of more than 5 million dollars; and the project party has experience in blockchain game incubation. The project deserves attention.
2. Recent Flashpoint
Ifo on pancake, wide media spreading; development and launch of its nft market
3. Project Introduction
Froyo Game is a multi-chain GameFi infrastructure and a gaming platform based on Ethereum and Binance Smart Chain. It has an ever-expanding ecosystem of simple yet powerful tools that game developers can use to easily integrate without learning new blockchain skills. Froyo Games also has its own product suite that anyone can use to make the most of the platform, from the launch of GameFi to the transaction and exchange on the NFT market.
4. Token Roles
Froyo is the governance token of the platform and used to participate in game launch, farm of ve mechanism, P2E rewards, staking, liquidity mining, and Froyo Games ecosystem.
5. Token Allocation
Total: 1 billion
- Eco fund: 66.87%
- Team: 10%
- Strategic sales: 8.36%
- pancake ifo: 6.67%
- Strategic partners: 5%
- Seed round: 3%
- Marketing: 0.1%
6. Investment Institutions
Animoca Brands led the investment, with participation from Spartan Group, GBV Capital, BTC12 Capital, Mirana Ventures, Avocado Guild, Hooga Gaming, Chain Capital, Genblock Capital, Icetea Labs, Gamefi, Bigcoin Capital, Gate Labs, Newman Capital, and KOI Capital.
7. Project Vision
Froyo Game’s ifo on pancake reaches $4 million, which is one of the largest project financing on pancake (normally around $0.5–1 million), not only indicating the ambitious plan of it, but also the abundant resources it collected in the industry. The game platform is a good choice, which can be linked to the whole ecosystem of the game industry, and its valuation will be much higher than a game of $2 billion. At present, the market value of the project is about 600 million dollars. Considering that most of it is still locked, the real market value in circulation is relatively small in one year after the token is launched, so the project has a certain room for growth.
Froyo Games (FROYO) Basic Information
Token name: FROYO
Project website: https://froyo.games/
Block query: https://bscscan.com/token/0xe369fec23380f9F14ffD07a1DC4b7c1a9fdD81c9
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CoinW Research
1/19/2022