After months of hard work, we were able to launch Outer Ring MMO´s governance token, Galactic Quadrants. The market gave good acceptance multiplying the market cap by 50. Before commenting on the token’s performance during its first week of life, we want to give a special thank you to the community that has been supporting this project until now, and to all the partners that have trusted Outer Ring’s team.
For those that just arrived at the project, remember, this is only the beginning.
GALACTIC QUADRANTS RELEASE INTO THE MARKET
As you all might know already, we partnered with 11 different launchpads in order to complete our Initial Dex Offering. This way, we were able to release around 400.000.000 GQ into the market at a price of 0.004 BUSD in less than 24 hours. Those that participated have a 10 month linear vest period. On the other hand, the Token Generation Event at PancakeSwap allowed all traders and holders to start operating the market at an initial price of 0.005 BUSD.
The Initial Market Cap of the project was 1.05M BUSD at the release of the token but didn’t last for long. As for now, the project has already surpassed the 50M BUSD mark. Expectations were high, but our community fulfilled them by far. During the first 24h the pair GQ/BUSD registered +15M BUSD of volume and placed first in Dextools Hot Pairs during all seven days of the week. Now, we are almost 10k holders.
THE VALUE OF STAKING
Right after the release of the token we enabled the Galactic Pools in our website to allow all holders to stake their tokens and start collecting resources with utility in the game. Space Corsair Keys will allow users to open equipment lootboxes and has become the favorite staking pair of our community, accumulating more than 62M GQ of the total 106.5M staked.
As for now, around 5700 wallets have interacted with the site, getting gasses and minerals as well in reward. These wallets combine for a total of almost 6M$ that will be locked for at least 1 month in all the different pools.
TO KEEP GROWING
As for the following months, our users should expect to be able to buy their GQs in top centralized exchanges, while news about the creation of our own DEX will be released once preparations are completed.
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