Rocket Team Racing 🦊

is there a reason why it’s so hard for crypto games to get more adoption? even when we have a few promising ones, it still feels super hard to break out of CT

📢 Important Announcement ⠀ To begin with the most important point: ⠀ We regret to inform you that “Chain Colosseum Phoenix Origin”, released on December 27, 2023, will officially terminate its service at the end of June 2025. ⠀ Additionally, “Chain Colosseum Phoenix Genesis”, launched on August 30, 2024, will also end its service by the end of July 2025. ⠀ We sincerely apologize for the sudden nature of this announcement. ⚔️ Regarding the Origin Version ⠀ Origin was initially released as a testbed for Genesis, and we’ve managed to operate it for 520 days up to this point. Given the nature of the game model, we feel it lasted a respectable duration. ⠀ The primary reason for the shutdown is sustained operating losses. ⠀ Despite minimal revenue, infrastructure and operational costs have remained high. Our revenue sources were limited to 3% of NFT mint fees and 3% of marketplace transaction fees. However, the low pricing of Origin NFTs made it unfeasible to cover essential expenses like servers and staff. ⠀ While the losses became evident within the first two months post-launch, we continued operations with hopes of covering them through Genesis revenue. ⚔️ Regarding the Genesis Version ⠀ The situation with Genesis is similar. Although we maintained profitability for about three months after launch, rising personnel and server costs eventually pushed us into the red. ⠀ In addition to the declining price of our $CCP token, a significant factor has been the drop in the value of our base token, $OAS. ⠀ Please note: we do not blame the Oasys Foundation. In fact, we believe the foundation is performing admirably in a tough market, and we are grateful for their support. ⚔️ Current Financial Situation ⠀ A rough breakdown of our current monthly costs is as follows: ⠀ - Personnel: approx. $32k - Server/Infrastructure: approx. $16k - Revenue: approx. $10k ⠀ At one point, total monthly costs exceeded $700k. Since then, we’ve taken measures such as halting marketing and reducing team size. ⠀ While we saw brief periods of profitability, overall losses have now accumulated to nearly $1.3M. To prevent further risk to our company’s survival, we have made the difficult decision to terminate the service. ⚔️ Next Steps ⠀ After the shutdown of both versions, we will remove all remaining DEX liquidity and redistribute it to users via airdrop. ⠀ Airdrop distribution will be determined based on contribution to the game, ownership of Genesis HERO NFTs, Premium PASSes, and other related data. ⠀ We are now in the final phase of the $OAS buyback for initial NFTs, and the remaining funds are nearly depleted. Withdrawals will soon be opened, and DEX liquidity will gradually decline. ⠀ Continuing in a deficit would only waste our users’ time. We’ve opted instead to set a clear termination date and responsibly handle asset distribution. ⚔️ About the 9% Fee Breakdown (Treasury & $Z Buyback) ⠀ The following fees were applied: - 9% of $CCP used at NFT mint - 9% marketplace trading fee ⠀ Breakdown: - 3% → Company profit - 3% → User reward treasury - 3% → $Z token buyback ⠀ We are currently evaluating how to return the 3% Treasury portion from the marketplace fees. We kindly ask for your patience. ⠀ In parallel, we are in talks with multiple chains to explore the possibility of relaunching Chain Colosseum Phoenix on a different chain. If this proceeds successfully, rewards will be distributed to users in “Chain Colosseum Phoenix Season 2.” If not, we plan to provide compensation through $Z token distributions. ⠀ As previously promised, the $Z token buyback (3% portion) will proceed as scheduled. ⚔️ Future Direction ⠀ Going forward, we will focus on the following projects: ⠀ - Re:MONSTER (NFT Game) - GamingDEX updates (Balancer-style DEX) - Quill (NFT Marketplace) - Backers (On-chain task platform) - Neptune (LSD Protocol) - Ragnarok (Perpetual DEX) - SPY (Multi-asset Stablecoin Protocol) ⠀ These projects will also expand beyond the Oasys network. We are committed to enhancing the value of $Z token and appreciate your continued support. ⚔️ In Closing ⠀ We fully understand that this announcement and our decision may raise concerns and disappointment. Ultimately, we accept full responsibility — it is our lack of capability that led to this outcome. ⠀ However, this is not the end. ⠀ We will continue building for those who still believe in us. From all of us at the team — thank you for everything, and we look forward to earning your trust again. ⠀ — PLANZ / T2WEB Inc. Founder: KOTARO