Overview of Counter Fire (CEC): Favored by institutions, escorted by top development teams, what is the future market value?
远山洞见2024/08/30 07:46
By:远山洞见
I. Project introduction
Counter Fire is a highly innovative and forward-looking blockchain game that aims to guide traditional Web2 gamers into the Web3 world. Developed by CEBG Studio, the game combines classic elements of MOBA (multiplayer online tactical competition) and Battle Royale (battle royale), providing a new gaming experience. In the game, players can not only choose unique characters and engage in intense battles in the arena, but also own and trade in-game assets through blockchain technology, forming a unique and sustainable game economic system.
The development process of Counter Fire has taken three years. The team continuously optimizes technology and iterates gameplay to ensure that the game meets the high standards of modern players for game quality and experience. The game is committed to attracting players from around the world through its carefully designed gameplay and fascinating story background, and has received support and participation from senior game developers from well-known companies such as Giant Interactive, Shanda Group, Lilith Games, and NetEase.
Counter Fire is not just a game, it is also a large social and economic platform aimed at bringing together millions of players from different backgrounds, allowing them to experience the fun of competition, cooperation, and socializing in the virtual world. Players here can not only enjoy the pleasure brought by the game, but also obtain real-world value rewards through economic activities in the game.
II. Project highlights
1. Strong market performance and user growth potential
Counter Fire has been downloaded over 10,000 times on Google Play and comes with an SDK installation package, demonstrating its strong appeal in the market. The game combines elements of MOBA and Battle Royale, attracting a large number of players to participate. Its easy-to-use features give it the potential to further expand its client base and market share.
2. Experienced and strong development team
The Counter Fire team developed by CEBG Studio consists of more than 30 experienced game developers who have worked for well-known companies such as Giant Network, Shanda Group, Lilith Games, and NetEase. The team's rich experience and successful record in large-scale projects ensure the development quality and User Experience of Counter Fire.
3. Strong financial support and endorsement from top institutions
Counter Fire completed a $3 million private funding round in April 2024, with investors including well-known institutions such as Haskkey, GSR, Kucoin, SNZ, and A & T. The injection of these funds not only provides sufficient financial support for the project's continued development and marketing activities, but also demonstrates Capital Markets' high recognition and confidence in the project.
4. Sustainable gaming economy and strong asset liquidity
Counter Fire uses blockchain technology to empower and establish a decentralized and sustainable game economy system. Players can obtain real-world assets through the game and freely trade them both inside and outside the game. The game also introduces multiple innovative mechanisms to ensure the liquidity and customer engagement of in-game assets, further enhancing the game's appeal and playability.
III. Market value expectations
Combining MOBA and Battle Royale elements, Counter Fire aims to guide traditional Web2 players to the Web3 world through its unique gameplay and blockchain technology. The game is developed by an experienced team, whose members have held key positions in well-known companies such as Giant Interactive, Shanda Group, and NetEase. After three years of careful polishing, Counter Fire has received over 10,000 downloads on Google Play, demonstrating its strong market appeal. In April 2024, the project successfully completed a $3 million private round financing, with investors including well-known institutions such as Haskkey, GSR, Kucoin, SNZ, and A & T, providing solid financial support for the project's continued development and global promotion.
The total amount of CEC tokens is a total of 1 billion tokens. The initial FDV of the token is 65 million US dollars, and the initial circulation ratio of the token is 9.3%. Compared with the same track Illuvium/Axie Infinity, Gala, and The Sandbox, the potential market value has potential.
-
Illuvium (ILV): circulating market cap 180 million USD, token unit price 39.14U
- Axie Infinity (AXS): Circulating market cap 700 million USD, token price 4.72U
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Gala (GALA): Market cap 640 million USD, Token price 0.018847 U
-The Sandbox (SAND): circulating market value 580 million USD, token unit price 0.252364U
If the circulating market value of CEC is the same as that of AXS/GALA/SAND, the price and increase of CEC tokens will be:
Benchmarking ILV: If the circulating market value of CEC tokens reaches the level of ILV, the price of CEC tokens can reach $1.73.
Benchmarking AXS: If the circulating market value of CEC reaches the level of AXS, the price of CEC tokens can reach $7.53.
Benchmarking GALA: If the circulating market value of CEC reaches the level of GALA, the price of CEC tokens can reach $6.88.
Benchmarking SAND: If the circulating market value of CEC reaches the level of SAND, the price of CEC tokens can reach $6.24.
IV. Economic model
1. Token name and total amount
The core token name of Counter Fire is CEC, with a total published 1 billion tokens. CEC tokens are not only the circulating currency in the game, but also serve as the core of the ecosystem, enhancing player participation and interactivity through reward mechanisms, governance models, and VIP systems. Holding and using CEC tokens can not only enhance players' gaming experience, but also enable players to participate in the future development of the game, enjoy more exclusive privileges, and provide players with multidimensional value and benefits.
2. Token distribution scheme
The distribution plan of CEC tokens has been carefully designed to ensure a balance of interests among all parties while supporting the long-term development of the project. The specific distribution is as follows:
Team (15%): The total amount of CEC tokens held by the team is 15%. In order to motivate the team's long-term investment and development, the team tokens will be locked for 24 months during the TGE (token generation event), and then released every month at 2.778%.
Marketing (15%): The tokens held by marketing account for 15%, of which 20% will be released during TGE, and the remaining part will be linearly released in the next 2 years to support the promotion and market expansion of the project.
Liquidity pool (2%): 2% of the liquidity pool tokens used for strategic cooperation are released 100% during TGE to ensure liquidity.
Advisor (2%): Advisor tokens account for 2%, locked for 12 months during TGE, followed by a 2-year linear release to ensure the advisor's long-term participation and contribution.
Angel round (6%): Angel round tokens account for 6%, locked for 12 months during TGE, followed by a 2-year linear release to support early investors.
Private placement round A (4%): Private placement round A tokens account for 4%, locked for 8 months during TGE, followed by a 1-year linear release to attract strategic investors.
Private placement round B (7%): Private placement round B tokens account for 7%, locked for 6 months during TGE, followed by a 1-year linear release to continue supporting project development.
Private placement round B + (6%): Private placement round B + tokens account for 6%, locked for 3 months during TGE, followed by a 1-year linear release to enhance the fund pool.
Ecological construction (43%): Ecological construction tokens account for the largest proportion, reaching 43%, of which 10% will be released during TGE, and the remaining part will be linearly released in the next 3 years to support the sustainable development of the entire ecosystem.
3. Token usage and scenarios
CEC tokens have multiple functions and usage scenarios both inside and outside the game.
Consumer scenario: In specific activity scenarios (such as various competitions, new version experiences, etc.), players need to spend a certain amount of CEC tokens as a participation condition to obtain a higher quality gaming experience.
Reward mechanism: After players win in PvP mode, their Rank score will continue to increase. At the end of each season, top-ranked players will receive a portion of CEC tokens as rewards to motivate players to actively participate in the game.
Liquidity Mining: Players can deposit CEC tokens into a liquidity pool to provide liquidity for the tokens and earn additional CEC rewards, thereby improving the liquidity of the tokens and bringing other benefits to holders.
VIP mechanism: When CEC tokens are deposited into the liquidity pool, players will also receive VIP points. The higher the VIP level, the more privileges players enjoy in the game, including display props such as Avatar Frame, emojis, skins, as well as social functions such as chatting and teaming up, which motivate long-term holders and promote further game participation.
4. Governance and proposal mechanism: Players who hold CEC tokens can participate in the governance of the game community and decide the future development direction, content updates, and the introduction of new features through voting. This decentralized governance model ensures that every step of game development reflects the will of more players. In addition, ecosystem players who meet specific conditions can also submit proposals for game improvement, and other players can use CEC tokens to vote. The final proposal will be implemented by the development team to promote the continuous optimization and development of the game.
V. Team and financing
1. Team introduction
The core team of the Counter Fire project is composed of experienced game developers and blockchain technology experts, who have outstanding achievements and rich experience in the gaming industry and blockchain field. The following are introductions of the main members of the project.
CEO: Michael Yue
Michael Yue is the co-founder of Giant Interactive, a company that successfully went public on the New York Stock Exchange (NYSE: GA) with an FDV of $10 billion. Additionally, Michael is the founder of FH Capital, managing a $200 million fund that invests in companies with a market capitalization of over $20 billion. He previously served as the Director of Operations at Shanda Group and was the creator of ZT Online, a game with over 30 million players and generating over $5 billion in revenue. Michael has also invested in well-known companies such as Thinkingdata, OnePlus, and Inkeverse.
CFO: CR
CR has 10 years of experience in the venture capital field, focusing on the gaming industry. He excels in helping companies communicate with exchanges, venture capital, market makers, and platforms. CR previously worked at Thinkingdata and participated in the company's process of obtaining $150 million financing.
CTO: James
James is a technical expert with extensive experience in the gaming and cryptocurrency fields. He has led the development of several large-scale projects at Shanda Group, such as "Legendary World" and "Legendary", with daily active users (DAU) reaching millions. He also innovatively developed the in-game MPC wallet, which has been recognized by the OKX wallet team.
CMO: Kae
Kae is a Web 3 native with over 2 years of experience in the cryptocurrency and NFT fields. He has provided Go-to-Market Strategy (GTM) consulting for more than 8 Web 3 projects. In addition, Kae has served as a community consultant for L3E7/Kart Party and an operational consultant for Ultiverse.
Chief Economist: K
K is a senior token economy model designer who has provided Web 3 consulting services for companies such as NetEase, NetDragon Network, Century Huatong Group, and Hero Interactive Entertainment Social. He is also a co-founder of an Asian GameFi DAO and has participated in the token economy design of over 10 GameFi projects.
Chief Game Producer: GZ
GZ has over 15 years of experience in game publishing, having worked for companies such as Shanda Group, Shanghai Ronghuo Network Technology, and Hanye Interactive Entertainment Social. He has been involved in the development and publishing of games such as Eligium MMORPG, Arcade All-Stars, and Geometry Escape.
Chief Designer: Jack
Jack has over 10 years of experience in the field of game product development. He has worked at YOOZOO Network and Shengqu Games, and participated in the development of well-known games such as "The Three Kingdoms of Youth", "Game of Thrones: Winter is Coming", and "JoJo's Bizarre Adventure: Praise of Gold".
2. Status of financing
The Counter Fire project successfully completed a $3 million private round financing in April 2024, with well-known investment institutions including Haskkey, GSR, Kucoin, SNZ, and A & T. The participation of these institutions not only provided sufficient financial support for the project, but also laid a solid foundation for its marketing activities and technology development worldwide.
The outstanding background and successful financing experience of the team demonstrate the strong market confidence and future development potential of the Counter Fire project. These funds and experienced team members ensure the continuous innovation and growth of the project, and will promote Counter Fire to become a leader in the blockchain gaming field.
VI. Risk Warning
1. Market volatility risk: The value of CEC tokens may be affected by market fluctuations, especially when liquidity is low or market sentiment changes. Investors should carefully manage their investment risks.
2. Competition risk: With more and more blockchain game projects flooding into the market, Counter Fire is facing intense market competition. The innovation and marketing strategies of other projects may place pressure on the user growth and market share of this project.
VII. Official link
Website:
https://treasure.counterfire.games/
Twitter:
https://x.com/playCounterFire
Telegram:
https://discord.com/invite/counterfire
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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