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The Metaverse Game Raised More Than $21 Million in Its IDO

By: Get News

SIDUS HEROES is an AAA-level, Play-to-Earn (P2E), MMORPG, WebGL and non-fungible token (NFT) game. The game offers many different scenarios for players with diverse tastes. SIDUS HEROES is the first browser-based game with high-quality graphics.

SIDUS HEROES presented two tokens, the SIDUS (in-game utility token) and the SENATE (DAO governance token) in its private sale in November 2021. The private sale included more than 200 Venture Capital (VC) funds and business partners — incl. Animoca Brands, Alameda, Polygon, Double Peak, MrBeast, Bloktopia, Anti Fund Investment Fund, OKEx and Master Ventures — and raised $18,900,000 during the three rounds — seed, private and pre-public. 

The three private rounds include a 22-month vesting period. This is the duration of time that a percentage of the tokens will be locked. In the first month, only 5% of investors’ tokens were unlocked and from the fourth month onwards, investors will receive 5% each month.

The CEO of SIDUS HEROES Dan Khomenko duly thanked the business partners after the private sale was over – “The SIDUS HEROES team is thrilled with the amount of support that our idea and work to date has received from leading VC funds and experts in the field of NFT gaming, metaverse, blockchain and crypto. We’re all driven by one mission — to shape the next generation of gaming based on a play-to-earn economy and build an open metaverse for the global community. We recognize this is only the first step on our long journey and we look forward to working with all our supporters!”

Related article: Astonishing Support from the Community and Investors – SIDUS HEROES IDO Raised over $21m!

The public sale started on December 15th 2021, in an Initial DEX Offering (IDO) on 7 launchpads concurrently. The SIDUS project’s native tokens — $SIDUS and $SENATE — were distributed to the public via BLOKPAD, Ignition, TrustPad, SpaceSwap, Red Kite, GameFI and Seedify.

The SIDUS team made available 50% of each token, the SENATE price was $0.18 and the SIDUS price was $0.0018. The IDO raised $2,160,000 and helped the SIDUS token to rise to $0.1674 while the SENATE skyrocketed to $4.85. Nonetheless, the public round’s vesting period is 10 months and investors will receive 10% of their tokens each month. 

At the time of writing, $SIDUS is priced at $0.12 and $SENATE’s price is $3.39,. Both of the tokens are available to purchase on Uniswap, Gate.ioAscendEX, DEX Tools and Bybit.

To learn more about the project, please visit:

Website | Twitter | Discord | Reddit | Telegram | Medium

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