Brand New Investment: Akitavax $AKITAX
As Quintet Capital, we made an early-stage investment in Akitavax, which aims to be the mascot of the Avalanche ecosystem. You can find a brief summary of the project in our article.
Akitavax is a community-driven meme token developed on the Avalanche network. The aim of Akitavax is to become the symbol and one of the primary tokens of the Avalanche ecosystem. The main focus of Akitavax is Metaverse and Social Finance. The project also aims to manage IDOs fairly with a launchpad called Akitapad.
In addition to the launchpad project, the Akitavax ecosystem will also have swap, staking, liquidity pool, farm, borrowing and lending features. The project also aims to be an NFT marketplace. In this marketplace, Akitavax NFT collection and other collaborated NFT projects can be sold.
However, as we mentioned, the main focus of the project is Metaverse. In the world called Avaverse, various virtual reality games can be played and money can be earned through play-to-earn mechanism thanks to these games. In addition, the virtual reality concerts to be held at Avaverse will provide the participants with a festival atmosphere. Tickets will be purchased for participation in these concerts and there will be an opportunity to win prizes at the concerts. Users with $AKITAX token will have advantages in Avaverse.
$AKITAX Token
The project team managed to reach a very large audience before IDO with its numerous collaborations. The team has agreed on a collaboration with Kaira Network and Akitavax is listed on CoinMarketCap. The token offering has been agreed with CyberFi, Roco Finance, CoreStarter, RoadStarter, DAOStarter, Smaugs, CoinSale, and StartFi. In addition, a listing agreement was made with MEXC, a centralized exchange.
With seed and private round, 40% of the funds from IDO will be used for marketing and advertising, 30% for integrations and developments, 15% for security and 15% for other issues.
Tokenomics
You can find the details of the token economy of the project in the image. Investors participating in IDO will be able to get 15% allocation in TGE, 15% the following month and 10% each month thereafter.
