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Ethlas (ELS)

IDO

Last updated: Jun 23, 2023

Ethlas engineers the future of gaming. The company builds games and infrastructure tools, unlocking the next level of Web3 experiences. They make Web3 more accessible and safe for both users and companies.

Seed Funding: $2.7 Million

Extended Seed Round: $6 Million

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Overview

Project industry	Gaming & VR
Product type	Organization
Whitepaper	Open

What is Ethlas

Ethlas’ ecosystem is built upon games and Web3 infrastructure, inviting users to play, and companies to integrate. The ecosystem is powered by $ELS, launching on 28 June 2023. $ELS is used for governance, staking, in-game purchases and to access infrastructure tools - entirely inside Ethlas Portal.

Battle showdown: A multiplayer shooter game powered by interoperable NFTs, allowing all NFTs to become in-game assets.
My Pizza Story: A restaurant management and cafe cooking mobile game.
Komo Valley: An idle virtual pet simulator mobile game.
Ethlas Metaverse: A collection of hyper-casual games where users can play and earn rewards for power ups and items.
PokPok: A gamified educational platform for learning about options trading.

Details

IDO (GameFi Launchpad): Jun 26, 2023 - Jun 27, 2023
IDO (Spores Launchpad): Jun 25, 2023 - Jun 27, 2023
IDO (GameStarter Launchpad): Jun 27, 2023 - Jun 27, 2023
Token supply: 350,000,000 ELS
Raised: 8,700,000 USD

Legal

Registration year: 2022

Token info

Ticker: ELS
Type: Utility-token
Token distribution:
Market Making - 7.0%
Investors & Strategic - 18.2%
Team & Builder Partners - 35.0%
Community Distribution - 18.3%
Liquidity Pool & Rewards - 7.0%
ACE Foundation - 14.5%

Ethlas Roadmap

Q1 2023

Launch of mobile apps and onboarding of Web2 audiences to complement the existing Web3 user base.
Release Komo Valley and Komo Cafe as mobile games targeting Web2 users.
Integration of Battle Showdown with decentralized finance (DFK).
Associated growth in token utility: Introduction of staking and time deposits for $ELS.

Q2 2023

Expansion of Web2 partnerships, focusing on local and international food and beverage (F&B) merchants interested in Web3.
Further integration of partners within Battle Showdown.
Continued development of staking and time deposit features for $ELS.
Associated growth in token utility: Enable Web2 digital assets to be minted onto the blockchain.

Q3 2023

Integration of Web3 capabilities into existing Web2 games.
Functionality for Web2 users to create Web3 wallets via social logins.
Interoperability between Web2 virtual currency and Web3 tokens.
Launch in-game educational content for Web3.
Associated growth in token utility: Creation of wallets based on social logins for Web2 users, incentivizing users with $ELS for in-app purchases.

Q4 2023

Explore deeper cross-utility with partner platforms and ecosystems.
Enable minting of in-game assets into non-fungible tokens (NFTs) and promote interoperability within the Ethlas ecosystem and partner projects.
Continuation of game releases and acquisition of Web2 users in preparation for migration to Web3.
Special in-app upgrades for users holding a minimum level of $ELS or making direct purchases with $ELS.
Exploration of subnets to maximize value creation for $ELS.