The BitCrystals Token Sale is a crowdfund to support the development of Spells of Genesis (SoG). It raised 240 BTC just after 2 hours from its launch at 1PM GMT on August 4. At the time of writing the total amount raised is just shy of 630 BTC, showing some great momentum for the sale less than 72 hours after its start.
“We just received an overwhelming support by the community. I’m thrilled to see everyone getting excited with the game opportunities. Some people are already at work to create their own digital shop and card management tool. I can’t wait to see how an open asset game economy will create a new paradigm shift : the product not only belongs to the studio that created it but to the whole community.”
- Shaban Shaame EverdreamSoft CEO and Founder
This is a remarkable result considering the EverdreamSoft team experienced a rocky start to the sale, suffering from Domain Name System (DNS) issues right at the beginning of the sale.
BraveNewCoin reached out to the team to find out more. It appears that the bitcrystals.com domain was only available in the United States for the first hour because of an emergency DNS change required for the site to go live. These changes can take as little as an hour, but also several and up to 48 hours or more for some servers in extreme cases.
DNS is the service which translates a domain name typed into a browser into an IP address, and it tells the browser which server it needs to connect to to load the site requested. It's handy because if we had to remember the IP address of every website we visit, it would make surfing the internet much harder.
When a website's address is entered into a browser, the computer requests the IP address of the server hosting the site from an Internet Service Provider’s (ISP) DNS records. To speed up the loading of websites, each ISP caches a copy of DNS records for a period of time, sometimes up to 48 hours. This speeds up web surfing quite a bit by, but the downside is that ISPs only update their records periodically.
Although some DNS servers update every 15 minutes the time between updates on a global scale is not standardized, so the delay can range from a few hours to several days.
And this is exactly the issue that bitcrystals.com experienced during launch. The DNS propagation delay in countries including the UK, Mexico and Japan was of several hours, but most countries were able to access the website within the first two hours.
The issues didn’t deter supporters who found alternative ways to access the website through other regions of the world.
“Some users in countries where the token sale site was unavailable went as far as sending BTC to friends in the US to buy BitCrystals for them. They wanted to get a premium level that rewards contributors with the SATOSHICARD, the rarest blockchain-based card we have produced to date.”
Shaban Shaame EverdreamSoft CEO and Founder explained that when users buy BitCrystals they get rewarded with the game’s currency, and fund its development. BitCrystals can then be used to purchase new card decks and game items, or can be traded online. Users own their assets for the first time and they are free to exchange them with each other or sell them at will. The token sale will end 30 days after the start, or when all the BitCrystals are sold, whichever occurs first. Unsold BitCrystals will be sent to a provably unspendable wallet address, or “burned", removing them from circulation.
EverdreamSoft is offering an extra guarantee to their contributors. All the funds raised will be held in a multisig wallet by third parties, until the game is delivered as planned. The roadmap to completion contains four milestones, each one of which will grant EverdreamSoft receipt of 25% of the total funds raised. The key officers in control of releasing the funds are:
- Erik Voorhees, who is among the top-recognized serial Bitcoin advocates and entrepreneurs, understanding Bitcoin as one of the most important inventions ever created by humanity. Having been a featured guest on Bloomberg, Fox Business, CNBC, BBC Radio, The Peter Schiff Show, and numerous Bitcoin and industry conferences, Erik humbly suggests that there is no such thing as a “free market” when the institution of money itself is centrally planned and controlled.
- Jeremy Johnson, a big believer in blockchain technologies and the founder and lead developer of CoinDaddy.io. He also wrote the counterpartychain.io and dogepartychain.io blockchain viewers and free APIs. CoinDaddy is a crypto 2.0 services company that makes blockchain technologies easier to understand for users to grasp their power, while providing tools for them to use today and benefit their lives.
The frenzy that the sale created is due in part to the rewards on offer. People who pledge specific amounts of BTC gain access to exclusive Spells of Genesis stores, and to limited edition trading cards the SATOSHICARD and the new GENESISCARD.
“We want to allow our supporters to get a little or more extra based on their contribution, so we have created several reward opportunities for Players and Partners. Our aim is to offer an incentive and even allow everyone who wishes so to become a reseller of SoG in-game items and blockchain-based trading cards.”
The GENESISCARD will only be created and distributed to all eligible contributors after the token sale. Depending on the number of participants and their eligibility the number of cards created could make it another very rare item in the SoG ecosystem. The SATOSHICARD was previously only available via flash sales, it will now be rewarded on a first come, first served basis to eligible sale contributors.
It’s interesting to see how much attention Swiss-based EverdreamSoft is generating with one game title on their records, Moonga, and a new game at the horizon. They have a simple mission of empowering players and partners to participate in the game economy and own their share of it. The SoG community clearly believes in the team, the idea and the action plan. We are looking forward to the full outcome of the token sale when September comes, as well as the completion of the milestones they are set to accomplish.