$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.
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
- 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?
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
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!