Kommunitas launch its new private sale – PIRATEXPIRATE

The Pirate X Pirate ($PXP) Private Sale on Kommunitas

In February 2022, the decentralized launchpad Kommunitas hosted a private sale for Pirate X Pirate, a play-to-earn (P2E) pirate-themed adventure game. The event provided an early-stage investment opportunity for Kommunitas community partners and Key Opinion Leaders (KOLs) to acquire the native $PXP token.

About Pirate X Pirate: A P2E Adventure Game

Pirate X Pirate is a play-to-earn game set in a vibrant pirate world. The gameplay revolves around recruiting a crew of unique pirates (represented as NFTs), building ships, and battling other players on the high seas. The project aimed to combine strategic gameplay with NFT ownership, allowing players to earn rewards through adventure and conquest.

Private Sale Details (February 2022)

The private sale on Kommunitas was structured with clear terms, including a multi-stage vesting schedule to ensure a gradual release of tokens into the market post-launch.

Token Sale & Vesting Schedule

• Sale Start Date: February 8, 2022
• Token Symbol: $PXP
• Private Sale Price: $0.013
• Total Supply: 1,000,000,000 $PXP
• Vesting Schedule: The token release was structured as follows:

1. 1. An initial 15% of tokens were unlocked at the Token Generation Event (TGE).
   2. This was followed by a 1-month cliff (a lock-up period where no additional tokens are released).
   3. After the cliff, the remaining tokens were distributed through a vesting period lasting 8 months.

Whitelist Participation Rules

Kommunitas employed its standard, structured approach to ensure a fair and orderly sale process for its partners.

• The “Booster 1” Requirement: Whitelisted addresses were guaranteed an allocation but were required to purchase it during the first round of the sale, known as “Booster 1.” Missing this initial window meant forfeiting the spot.
  
  
• Payment Method: All purchases had to be made using USDC on the Polygon network.
  
  
• Wallet Strategy: It was recommended that participants already staking $KOM use a separate, non-staking wallet for the whitelist. This allowed them to secure their whitelist purchase in Booster 1 while still being eligible to participate in other sale rounds with their primary staking wallet.
  
  
• Approval Process: All whitelist spots were subject to final approval by the Kommunitas and Pirate X Pirate teams.