AAG Ventures Announces Public Round Sale (IDO) Following an Oversubscribed Private Round of $12.5M
After raising $12.5M in an oversubscribed Private Round led by Shima Capital, Tribe Capital, and Tess Ventures, AAG Ventures is excited to announce the launch date of AAG Token IDO.
Token Launch Auction (TLA) or IDO will begin on 12th December at NOON UTC (see time zones below). Follow us on Twitter for news on how to participate and up-to-date information.
Have a question about the AAG IDO? Visit the AAG Ventures Telegram community to get your answer now!
Token Launch Auction (TLA) Details
- Token Symbol: AAG
- Start Time: 12 December, 12:00pm NOON UTC
- End Time: 15 December, 12:00pm NOON UTC
- Sale Duration: 3 days (72 hours)
- Starting weights: AAG 96%: USDC 4%
- Platform: copperlaunch.com
- Start and End in other timezones
Auction Time in Various Timezones:
About the TLA
Our primary focus during the TLA is user-friendly and fair acquisition of AAG Tokens during the Public Round. While Copper Launchpad will provide token buyers with an easy-to-use platform, Balancer Liquidity Bootstrapping Pool (BLBP) will enable us to launch the TLA eliminating key challenges such as individual caps, the need to whitelist, and barriers to entry. Technology used by BLBP makes it non-viable to run bots and scripts paving the way for a fair token acquisition.
We will share the instructions on how to participate in AAG TLA on Copper Launchpad on our AAG Ventures Twitter channel. Alternatively, register to our newsletter here to receive the latest updates directly through email.
Utilities Will Generate Demand for AAG Tokens
The AAG token will carry numerous utilities that will generate demand for and bolster the price of the token. These utilities include:
- Acting as a universal currency for Play-To-Earn (P2E) games and Learn-to-Earn (L2E) applications — as the number of P2E games and L2E applications proliferates, the ecosystem will need simplified payment. The AAG token will serve as a universal medium of exchange across all future P2E games and L2E applications. AAG will simplify the process for scholars to receive payment, convert their earnings into other crypto or fiat currencies and reduce the risk of wallet mismanagement or fraud.
- Acquiring fractional ownership of GameFi NFTs — we will create a program that allows individuals to gain access to higher-priced NFTs that may otherwise be unaffordable (e.g., metaverse real estate). AAG Tokens can be used to participate in these investments so that individuals can capture potentially outsized returns that are usually only available to the wealthy.
- Paying for AAG Platform’s cloud services — AAG tokens will be used to pay for AAG platform services that are meant to solve problems faced by P2E guilds in a turnkey and reliable manner. Platform services include payroll; metrics and performance management; wallet management; fast and efficient breeding and access to ecosystem data and intelligence.
- Paying for scholars to play and generate yield from idle NFTs — NFT owners who have underutilized NFTs can pay for scholars in AAG Platform’s scholar queue to play and generate yield from their idle NFTs.
- Voting rights in any of the DAOs — AAG Ventures will have DAOs that represent its various components, including P2E Platform, P2E Guild, L2E, and the Nonprofit Foundation DAOs. The AAG token will carry voting rights in any of these DAOs. As an example, voting rights in the P2E Platform DAO will allow AAG token holders to influence the platform roadmap. The voting power of an entity will be proportional to the number of tokens staked as well as their level of participation in the DAO.
About AAG Ventures
AAG Ventures is the creator of AAG (Achip & Achair Guild), one of the fastest-growing gaming guilds in the Play-To-Earn blockchain game industry with more than 2,000 scholars participating in seven countries: Philippines, Indonesia, Brazil, Argentina, India, Nigeria, and Russia. AAG Venture’s mission is to create economic freedom through the metaverse economy.
Our mission is to Create Economic Freedom Worldwide through the Metaverse.
Our goal is to Onboard 100M People Onto the Metaverse by 2030.
AAG Ventures has 3 commercial components. The first component is a Play-To-Earn (P2E) Guild that enables players (a.k.a. scholars) to earn crypto while playing blockchain games. The second component is a P2E platform that helps other guilds engage players at scale and serves as the “backbone” for P2E ecosystem participants (e.g., guilds, players, NFT owners and game developers). The last component is a Learn-To-Earn platform that will enable future learn-to-earn applications, which allow players to earn crypto while learning transferable skills (e.g., math or programming) through educational games or learning platforms.
Points of Differentiation
AAG Ventures has 3 key points of differentiation when compared to concurrent Play-To-Earn Guild projects:
- AAG Ventures P2E Platform-first and has a team of software specialists to execute — Most P2E projects are focused on becoming large guilds. AAG Ventures is instead focused on building a platform that cooperates with and enables other guilds by automating lesser-known but table stakes functions (e.g., payroll, performance measurement, security, and analytics). The team — including 5 software/service operations veterans with 80+ years of joint experience from Google, Intel, TIBCO, JP Morgan, and McKinsey — is uniquely positioned to build this platform fast and well.
- AAG Ventures will be first in Learn-To-Earn (L2E) — the L2E Platform is a new concept. Like P2E, L2E scholars will earn crypto while engaging in a gamified activity for several hours per day. Unlike P2E, L2E scholars will learn transferable skills such as math, programming, or personal finance while they engage. P2E has distributed billions of dollars to millions of people worldwide, often where it is most needed. By combining education with P2E, we believe that L2E has the potential to create even more impact. We have formed a joint venture with Republic Realm to launch an L2E application in 2022.
- AAG Ventures has a team that is global, diverse, and cohesive — the team includes 15 full-time members and more than 40 total members and advisors. It includes representation from 17 countries, including boots on the ground in Southeast Asia and Latin America as well as crypto-natives and veterans of Silicon Valley and Wall Street. The project has a culture of encouraging free expression and dissent in combination with processes for reconciling differences to create well-informed and cohesive points of view.
