Moonray is a decentralized gaming and entertainment network powered by the MNRY token, an ERC20 utility and governance token created by the Miium Foundation.
Here are the key aspects of the project:
Market Listings: MNRY is listed on major exchanges such as KuCoin, with various campaigns and token giveaways to enhance adoption.
Gaming Ecosystem: Moonray Studio, an ecosystem partner, is developing several games, including a multiplayer battle arena game available on the Epic Game Store and scheduled for release on PlayStation 5 in 2025, and an autobattler for mobile set to launch in 2025. The games feature intense PvP combat and other engaging gameplay elements, similar to what Altura (ALU) brings to the decentralized gaming ecosystem on KuCoin149.
Token Utility: MNRY is used for platform payments, in-game transactions, rewards, crafting NFTs, participating in tournaments, and governance through the Moonray DAO. The token also grants access to exclusive content, merchandise, and events, following the model of versatile token utility seen in projects like EYWA Token, which recently made waves on KuCoin for its innovative approach149.
Funding and Partnerships: Moonray has raised $10 million through multiple funding rounds with participation from prominent investors like Animoca Brands, Republic Crypto, Polygon Ventures, and others. The project has strategic partnerships with Sony PlayStation, Epic, and other industry players149.
Stay tuned for more developments and keep an eye on future announcements that could shape the future of gaming!
Kucoin New Coin Listing Announcement
Moonray (MNRY) has been listed on Kucoin!
MNRY/USDT – more charts on TradingView.
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Perplexity MNRY Research
To be clear, this content is an analytical perspective based on the limited information provided, and should not be taken as financial advice.
Tokenomics
- Token Name and Type: Moonray (MNRY) is an ERC20 utility and governance token created by The Miium Foundation2510.
- Supply and Distribution: While the total and circulating supply of MNRY are not explicitly mentioned in the available sources, it is known that the token is distributed through various channels, including a token generation event on Bybit and listings on exchanges like KuCoin and Bybit. A significant portion of the tokens will be used for platform payments, in-game transactions, rewards, and governance245.
- Utility: MNRY has several utilities within the Moonray ecosystem. It is used for:
- Platform payments, including in-game transactions and rewards.
- Governance, where users need to lock up MNRY to participate in the Moonray DAO and vote on proposals.
- Access to exclusive content, merchandise, and events related to Moonray.
- Crafting and trading NFTs within the Moonray Marketplace or external marketplaces like OpenSea.
- Entry fees for tournaments and prize fights2510.
- Burn or Minting Mechanisms: There is no specific information provided about burn or minting mechanisms for MNRY in the available sources.
Revenue Model
- Revenue Sources: The Moonray project generates revenue through several channels:
- In-Game Transactions: Players use MNRY for various in-game activities, such as purchasing battle passes, participating in tournaments, and crafting NFTs5.
- NFT Sales: The project has successfully hosted large gaming mints on NFT marketplaces like OpenSea, generating significant revenue4.
- Funding Rounds: Moonray has raised $10 million through multiple oversubscribed funding rounds led by prominent investors like Animoca Brands, Republic Crypto, and others24.
- Merchandise and Content Sales: MNRY holders can access exclusive merchandise and content, which is another revenue stream for the project25.
Market Position
- Competitive Advantage: Moonray’s competitive advantage lies in its integration of blockchain technology into gaming, offering unique experiences such as NFT crafting, decentralized governance, and exclusive access to content and events. The project’s backing by major investors like Animoca Brands and its expansion into multiple gaming platforms (PC, mobile, and consoles) further strengthens its position2410.
- Market Share: While specific market share data is not available, the listing on KuCoin and the upcoming release on PlayStation 5 indicate growing visibility and potential for increased adoption1910.
- Comparison to Similar Projects: Moonray stands out by combining a robust gaming ecosystem with blockchain features, setting it apart from traditional gaming projects. Its diverse range of products, including graphic novels and mobile games, also adds to its unique selling points1210.
Growth Potential
Unique Incentive Structures: The token splash campaign on Bybit and the listing campaign on KuCoin, which include significant token giveaways, serve as unique incentive structures to attract and retain usersNRY) being listed on KuCoin, the project’s tokenomics, revenue model, market position, and growth potential can be analyzed based on existing information about the Moonray ecosystem. Investors should monitor future announcements and developments for more detailed financial elements and investment opportunities.
Roadmap and Upcoming Features:
Release of a multiplayer battle arena game on PlayStation 5 in 2025.
Launch of an Autobattler for Mobile in 2025.
Expansion of the Moonray IP into graphic novels and other content1210.
Partnerships and Integrations: Moonray has significant partnerships with investors like Animoca Brands, Republic Crypto, Polygon Ventures, and others. The listing on KuCoin and Bybit also indicates strong support from major exchanges2410.
Scalability: The project’s use of the Ethereum network and its plans for multi-platform releases suggest a focus on scalability and broad accessibility, similar to Ready Token, another recent KuCoin listing focusing on real-money gaming integration across multiple platforms125.
Potential for Returns:
Staking Rewards: While not explicitly mentioned, the governance model involving MNRY could potentially include staking rewards for participants in the DAO.
Liquidity Provision: Users can participate in trading and liquidity provision on exchanges like KuCoin and Bybit, potentially earning rewards through campaigns and trading activities11.
Capital Appreciation: The growing ecosystem, upcoming releases, and increased visibility through listings could lead to capital appreciation based on adoption and demand9.
Pros
- Strong Investor Backing: Moonray has secured funding from well-known investors in the crypto and gaming spaces, indicating confidence in the project’s potential149.
- Diverse Ecosystem: The project encompasses multiple gaming titles, graphic novels, and other content, providing a broad range of engagement opportunities for users149.
- Blockchain Integration: Moonray integrates blockchain features into its games, offering unique experiences such as NFT crafting, decentralized governance, and peer-to-peer trading, which can enhance the gaming experience179.
- Community Engagement: The project has a strong focus on community-driven growth, with various campaigns and token giveaways to encourage user participation49.
- Scalability and Accessibility: With listings on major exchanges and releases on multiple platforms (PC, mobile, and consoles), Moonray aims to achieve broad accessibility and scalability149.
Cons
- Market Volatility: As with any cryptocurrency, MNRY is subject to market volatility, which can affect its value significantly59.
- Competition in Blockchain Gaming: The blockchain gaming space is competitive, with other projects like Axie Infinity and The Sandbox, which could pose challenges to Moonray’s adoption and retention of users7.
- Technical Challenges: Integrating blockchain technology into gaming can be complex and may lead to issues such as high transaction fees or slow loading times, which need to be managed effectively7.
- Regulatory Risks: The regulatory environment for blockchain and gaming projects is evolving and can pose risks to the project’s operations and growth5.
Social Media Sentiment
The social media sentiment around Moonray appears to be generally positive, driven by several factors:
- Excitement Over Listings: The recent listings on Bybit, KuCoin, and Gate.io have generated significant excitement and engagement within the community, with many users participating in deposit-and-earn and trade-to-earn competitions4.
- Community Support: The project’s strong focus on community-driven growth and the involvement of prominent investors have contributed to a positive sentiment among users and potential investors149.
- Upcoming Releases: The anticipation of new game releases, including the PlayStation 5 launch and the mobile autobattler, is building enthusiasm within the gaming and crypto communities149.
- Price Predictions: While social media predictions are varied, there is a general optimism about the token’s potential price growth, with some forecasts indicating significant increases in the coming months3.
However, as with any project, there are also cautionary notes and discussions about market volatility and the challenges inherent in the blockchain gaming space. Overall, the sentiment is positive but tempered with a realistic understanding of the risks involved.
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Citations
https://www.kucoin.com/announcement/new-listings
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