Exclusive Details on Param Labs $PARAM Token and NFTs
Param Labs is advancing in the blockchain gaming and play-to-earn sector through the introduction of its $PARAM token. This article offers an overview of the $PARAM token claiming process, its innovative staking mechanism, and the groundbreaking platform mint, showcasing how these elements enhance gaming and benefit the community.
Param Labs
Param Labs Cover Art
About Param Labs
Param Labs is an independent game and infrastructure development firm dedicated to crafting immersive gaming experiences. Recently, the company secured $7 million in funding in a round led by Animoca Brands, with support from prominent VCs like Delphi Ventures and Mechanism Capital.
The investment underscores the company's ecosystem growth, including milestones like surpassing 2.5 million Twitter followers, 500,000 Discord users, and achieving 300,000 DAU on the Param Gaming Platform over the last two years.
Param Labs Raises $7 Million in Funding for Kiraverse
Param Labs Secured $7 Million
Over $4 Million in Revenue in 18 Months
Reports indicate Param Labs has successfully beta-launched three products over the past year: Kiraverse, the Param Labs Game Launcher, and Pixel to Poly, all receiving positive feedback globally.
Param Labs has also generated over $4 million in revenue in the last 18 months from Kiraverse skin sales and its Pixel-to-Poly service, which converts 2D images into 3D game avatars.
Kiraverse
Kiraverse Cover Art
Top Partnerships and IPs
Param Labs has integrated numerous web3 personalities, such as Immutable X co-founder Robbie Ferguson, into its Kiraverse game. The company boasts over 50 IP partnerships with brands like Pudgy Penguins, Neo Tokyo, Animoca Brands’ Mocaverse, Pixelmon, and retail giants like GameStop.
Beyond Pixel-to-Poly and Kiraverse, Param Labs plans to launch its own ZK EVM-compatible layer 2/3 blockchain on Ethereum.
Param Labs Raises $7 Million in Funding for Kiraverse
Kiraverse Logo
Token Claim Process
Claim Details:
Genesis Holders: 1% of the total $PARAM supply is reserved for 2,350 Kira Genesis Holders. Claim amount is based on asset rarity and tier.
Param Point Earners: 2% of $PARAM supply goes to Param Point earners based on snapshots from May 23rd, May 26th, and May 28th, with 544,139 eligible accounts.
Vesting Schedules:
Genesis Holders: 25% unlocked at Token Generation Event (TGE), remainder vests over 12 months.
Param Point Earners: Holders of ≤100 $PARAM receive 100% unlocked at TGE. Holders of >100 $PARAM get 50% unlocked at TGE, remainder vests over 12 months.
How to Claim:
Genesis Holders: Connect to claim platform using wallet holding Kira Genesis asset(s).
Param Point Earners: Check eligibility and claim $PARAM via wallet on Param Gaming platform.
Exclusive Details on Param Labs $PARAM Token and NFTs
$PARAM Token Now Live
Staking Mechanics
Param Labs introduces staking for $PARAM holders to earn Partner Points, redeemable for tokens from other projects in the Param ecosystem.
Staking Details:
Stake $PARAM to earn non-tradable, non-transferable Partner Points weekly.
Points can be redeemed for partner project tokens, reducing Partner Point supply permanently.
Tiered system rewards more points for higher $PARAM stakes.
Unstaking forfeits accumulated Partner Points but retains staked $PARAM.
Param Labs Raises $7 Million in Funding for Kiraverse
Kiraverse Game Art
First Mint for Exclusive Gaming NFTs
Param Launchpad has launched, offering users the opportunity to mint exclusive gaming NFTs. The inaugural asset is the unique Chronic skin, Chronic's first digital asset.
Mint Details:
Supply: 500 units
Price: 333 $PARAM
Date: June 5th, 11 AM EST
Location: Param Launchpad
Param Labs Raises $7 Million in Funding for Kiraverse
Kiraverse Character Art
Final Thoughts
Param Labs continues to innovate in blockchain gaming, merging a robust token economy with engaging staking mechanisms and exclusive NFTs. Strong community support with over a million registrations and active participants augurs well for Param Labs and the $PARAM ecosystem. For more information, visit the official company X account [here].
