Tether Provides $1 Million for Crypto Game’s Infinite Fleet Token Sale

Tether provides $1 million for the crypto game’s Infinite fleet token sale as the game aims to raise up to $8 million via security token sales. Exordium launched a security token sale for the game and now the EXOeu tokens can be purchased on the STOKR platform for $0.50 each so let’s read more in today’s Tether news.

Tether International Limited already purchase $1 million worth of tokens and now the Game publisher Exoridium which is the company behind the upcoming blockchain-based MMO game launched a public security token offering which aims to raise about $8 million for further development of the game.

Our security token offering on @stokr_io is now live, led by a $1 million investment from @Tether_to.https://t.co/8DXZHzX3CF

— Exordium (@ExordiumHQ) January 18, 2021

The fundraising drive happens on the STOKR platform and allows all public investors to purchase the EXOeu security token at a price of $0.50 with a minimum purchase of $100. Each security token offers a smaller chunk of equity of the company and a share of the future profits. Tether provides $1 million which is how it helped launch the security token offering. The STOKR page reports a total of $2.57 million that was raised in the sale to this date with a minimum funding amount set at $3 million. The sale will continue for another 55 days as CTO of Tether Paolo Ardoino said:

 “As a former MMORPG game developer myself, I see great potential in the application of crypto assets to multiplayer online games. It is a perfect match of two rapidly growing digital sectors with tremendous upside. [Blockstream CSO] Samson Mow and his team are veterans with proven track records in both fields, with a clear vision of what they want to achieve.”

Infinite Fleet Drive allows the players to customize their spaceships when they join to fight against alien forces. The game was inspired by genres like Homeworld and EVE online and will also feature anime-inspired elements.  Back in 2020, developer Pixelmatic announced that it had raised $3.1 million in a private token offering with about $2.75 million of that coming via the agreements for future tokens. Charlie Lee, Litecoin’s creator, Blockstream’s CEO Adam Back, and Max Keiser helped lead this round.

Our security token offering is now live on @stokr_io, led by a $1M investment from Tether International.

"Investors will be able to invest as little as $100 equivalent to buy $EXOeu security tokens, representing shares in the Exordium parent company…"https://t.co/S2GwSv3yFh

— Infinite Fleet (@InfiniteFleet) January 18, 2021

A closed alpha version of the game will be launched in the near future as well. Pixelmatics’ development team includes plenty of industry veterans that worked on other franchises like Age of Empires and Company of Heroes. Tether on the other hand is the world’s most popular cryptocurrency in terms of volume with the stablecoin topping BTC on that front despite its low market cap. Tether however remains a controversial player in the industry.