Author: @BitMetis | BitReport

Your Source of Reliable, Unbiased Research and Due Diligence

BitMetis Review：

Gameplay： Nice graphic, intriguing plot line, and smooth gameplay experience.

Tokenomics: Innovative design, but market performance and unlock cycle is nowhere near satisfactory.

NFT：Nice market performance. Daily traded volume is high and steady. Continuous increase in floor price.

Community： Large fan base but only passable engagement performance.

Investor & Team： Several major VCs in their  investor list.

Introduction

Backed by Solana and Serum, Aurory is a F2P Japanese tactical turn-based RPG game set in a retro-futuristic universe featuring aesthetically colorful art in 2D animation. The team strives to become one of the first AAA games on the Solana blockchain.

Gameplay

There are mainly two types of game modes in Aurory for players to choose from, PVE and PVP. The PVE game mode is a side-scrolling game where players can explore the ecosystem following the quests of the NPC and an engaging storyline. 

The team also plans a PVP mode where players will compete against other players by making best use of their game assets such as cards. There will also be a leader-board where players are ranked based on their achievements. This will be one of the determining factors of future giveaway access.

Both game modes introduce battling gameplay, which allows players to collect NFTs through progressing in the game.

Tokenomics

In-Game Utility

$AURY is the governance token that has a fixed supply of 100 million tokens. It can be earned from PvE, PvP game modes, and staking. The token will also have many in-game utilities:

• Buying and selling game assets in the Aurory marketplace.

• Required as a fee to hatch eggs to get Nefties.

•  Access to PvP by staking a minimum amount (TBD), and will be ultimately used for future game maps.

•  Staking / Yield Generation.

• Governance: stakers will start governing the Community Treasury and make important decisions on the game’s development.

• Reward players for advancing in the solo PvE mode and winning battles in the PvP mode.

Allocation

As can be seen in the figure above, 7% of the total token supply is allocated to public sale. $AURY can be traded on both centralized and decentralized exchanges, as well as on Aurory’s own in-game marketplace. 

The IDO took place on October 21st 2021 at 2PM UTC at the price of $15.53 per token and the team raised $108,845,573 during this round. 100% of the public public sale supply unlocked upon TGE on October 24th 2021.

One hour after TGE, the token price has fallen to around $12.63, which causes the IDO holders a 20.3 million dollars loss and only covers 81% of their cost.

However, two weeks later, the token price had reached its all-time-high, $23.3. Currently, the price has experienced a near 90% plummet to $2.4.

OKA and TOKE

Aurory also has two sub-currencies: OKA and TOKE. OKA is the sub-currency used in the accounting mechanism for financially invested players while TOKE is used for Free-To-Play players. At the end of each week, both are exchanged for a corresponding amount of $AURY. Whether there will be IDOs for both sub-currencies is still yet to be announced.

NFT Introduction

Aurory is a collection of 10,000 NFTs minted on Aug 31, 2021 at the price of 5 SOL (Around $540 at the time). The floor price of Aurory on Magic Eden is currently 44.5 SOL (Around $1735.5) with an average sale price of 56.28 SOL (Around $2194.92) and an all-time trading volume 328037.46 SOL (Around $12,793,460.94), which ranks 38 out of 50 in the list of the most popular NFT collections on Solana.

The market performance in the last 30 days also renders a nice outcome. On June 1st, the incubation of the DNA based NFTs, Nefties, which can be hatched from eggs acquired from the game modes, went live. The NFT will be usable in all the modes and allow players to compete at the highest level as soon as PvP is widely opened. And the number of transactions reached 1300 on that day and lasted for 4 more days before coming down and holding steady at a daily 200 to 500 transactions. The floor price, however, is on a gradual but lasting upward trajectory. 

Holder Privileges

• Aurorians serve as visual identity in the game.

The visual identity will also be displayed on the in-game leader-boards. As Aurory grows in the coming years, Aurorian NFT will be proof that the holder is one of the earliest supporters.  

• Early access to game modes.

Aurorians give players access to future game modes and function as keys to test and validate additional modes that will be added to player-versus-player.

• Boosted rewards.

Holders will have an advantage in rewards over Free-to-Play players.

• NFT airdrops.

Aurorian NFTs will be airdropped both collectible and functional in-game items during the development of the game.

• Land sale priorities.

Aurorian NFT holders will have early access to land sales.

• Control of community

Aurorians are in control of the fully decentralized DAOry, which is funded by Aurory Project but fully run and managed by the community.

As of now, the over 100 Alpha testers are indeed chosen randomly from the holders of the NFTs. The fulfillment of other privileges still has to be assessed in the days to come.

Community

With roughly 230k followers across all social media channels, Aurory has a sizable fan base. The average amount of likes a tweet receives is mostly between 250 and 300.

Their official Twitter is followed by over 10 major KOLs, including KUCOIN, Axie Infinity, The Crypto Dog, TSM FTX, The Jiho.eth... Among the 190k followers on Twitter, there are 215 whales.

The engagement performance in their Discord and Telegram communities, however, fall far behind. On average, there are only under 25 to 30 messages in their chatting channel daily and less than 500 reactions to each community announcement.

Investors and Team

The co-founders of Aurory have long-standing experience in the gaming industry and investment  insights in cryptocurrency. 

Aurory is also supported by major blockchain venture capital firms like Alameda Research, Animoca Brands, Solana Ventures, CMS Holdings, Genblock Capital, Zee Prime Capital, and Ascensive Asset Management, and others.

*Statistical results in above contents are collected on 2022/6/9 for reference. Data is subjected to change, and therefore might be adjusted after the specific time period.

Author: @BitMetis | BitReport

Your Source of Reliable, Unbiased Research and Due Diligence

BitMetis Review：

Gameplay： Nice graphic, intriguing plot line, and smooth gameplay experience.

Tokenomics: Innovative design, but market performance and unlock cycle is nowhere near satisfactory.

NFT：Nice market performance. Daily traded volume is high and steady. Continuous increase in floor price.

Community： Large fan base but only passable engagement performance.

Investor & Team： Several major VCs in their  investor list.

Please Note: the above content analysis is only for Reference information, not as a basis for investment decision-making. Bitmetis and the author of the report will not be responsible for the user's investment results.

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