$WF Token Officially Launches on Katana DEX: A Game-Changer for Wild Forest
December 12, 2024, marked a monumental moment for popular P2E (Play-to-Earn) crypto game Wild Forest with the official listing (TGE) of its $WF token on the Katana DEX. This listing introduced $WF to the broader crypto market and showcased the overwhelming support from the Wild Forest community.
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What is Wild Forest?
Wild Forest is a P2E, single screen, real-time strategy (RTS) blockchain game where players face off in fast, action-packed PvP battles. Featuring a variety of animal-like characters, players summon units, build structures, and capture territories to destroy the enemy’s main base. Wild Forest is also free-to-play, requiring no initial investment or Web3 knowledge to begin playing. Whether one is a dedicated on-chain gamer or someone from the traditional gaming space, Wild Forest has something to offer to them.
The Launch Highlights
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- Community Round: The preceding Community Round was a resounding success, raising $2 million while receiving $6.7 million in allocation requests. This showcased massive demand from the community for $WF.
- Pre-Launch AMA: Ahead of the launch, Wild Forest hosted an AMA session on December 11, 2024, featuring TheGuillotine, Wild Forest Community Manager, and Artem, Wild Forest’s Co-Founder and Executive Producer. The session provided valuable insights into the TGE process, the game’s future plans, and a live Q&A with the community. Topics included $WF tokenomics and listing details, upcoming game features like Guild Wars and e-sports integrations, and plans for onboarding Web2 players into the ecosystem.
- TGE Date and Time: The Token Generation Event (TGE) occurred on December 12, 2024, at 4 PM UTC. It launched on the Katana DEX, Ronin’s decentralized exchange.
- Withdrawals and Token Access: Participants received 20% of their allocations in their wallets at 3 PM UTC on launch day, with an easy withdrawal process via the game’s portal starting at 10 AM UTC.
Why Katana DEX?
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Wild Forest chose Katana DEX for its initial listing due to its deep integration with the Ronin ecosystem. By utilizing Katana, Wild Forest ensures that $WF remains accessible to its core audience—players and supporters who actively engage with the game. Additionally, the decision to prioritize a decentralized exchange (DEX) over centralized alternatives aligned with Wild Forest’s goal of fostering a community-focused ecosystem. This approach also avoided high fees associated with centralized exchanges and allowed them to reallocate resources toward liquidity support and player rewards.
A Phenomenal Start for $WF
Even before the TGE, The Wild Forest in-game economy has already demonstrated its vibrancy, with 11.7 million off-chain $WF tokens spent across activities:
- 8.5 million $WF for rank-ups.
- 2.8 million $WF for Premium Battle Passes.
- 400,000 $WF for Shards.
Following the listing on Katana DEX, the $WF token launch proved highly successful with its fully diluted valuation (FDV) surging from $45 million (public sale price) to over $120 million within hours. This was a remarkable 3x increase which highlights the demand for the token and the strength of the overall Wild Forest community.
New Utility: Token Share Program and Liquidity Mining
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In tandem with the Katana listing, Wild Forest launched its Token Share Program, adding immediate utility to $WF tokens. This program enables players to earn rewards whenever their friends spend $WF in-game, further embedding the token into the ecosystem.
How It Works:
- Stake $WF Tokens: Players can keep their tokens in-game to earn from the Wild Token Pool.
- Invite Friends: Use an invite code to earn rewards whenever friends (and their networks) spend $WF.
Wild Forest also introduced a liquidity mining program with 3 million $WF rewards available to liquidity providers in the $WF/$RON pool on Katana V2. Starting last December 14, 2024, this feature aims to foster liquidity growth and sustainable adoption for the game.
Gold 1 Tier Benefits:
To celebrate the program launch, all players will also enjoy Gold 1 Tier benefits until January 12, 2025. This tier provides extra rewards for three levels of invites:
- 10% from direct friends.
- 2% from second-level invites.
- 1% from third-level invites.
Rewards started calculating on December 12, and players can track earnings on the Token Share dashboard
The Wild Forest team is dedicated to long-term growth, with a roadmap featuring Guild Wars, esports integrations, casual gameplay modes, and improved onboarding for Web2 players. Look forward to more game features and $WF use cases by stepping into the Wild Forest!