Phantom Galaxies Launches ASTRAFER Token – Play to Earn

With three alpha Episodes under their belt and a fourth arriving soon, Phantom Galaxies upped the ante by releasing their governance token, ASTRAFER. Along with the token launch, an upcoming event associated with Episode 4 will allow players to earn ASTRAFER rewards!

As Phantom Galaxies preps for the Alpha Episode 4 release and the beta, expected later this year, they released their primary blockchain token, ASTRAFER.

The ASTRAFER token will be required for minting special NFTs, such as the Thermopylae Poster 3. And though Phantom Galaxies calls ASTRAFER their governance token, it’s unclear how this governance extends beyond in-game activities. ASTRAFER will be used in the governance of certain guild types and staked to bases to increase their output, but I don’t see anything about external governance.

The Phantom Galaxies litepaper is also very light on the tokenomics. We do know that 888,077,888 tokens were minted, with just under 89K tokens going to the team and another 89K going to the liquidity pools. About 450k of the tokens are allotted for distribution via Planets, PvP, PvE, and a general ecosystem fund. The remaining tokens go to marketing, launch contributions (not sure what this is), and a little over 150K kept in reserve.

So, 888k initial supply. Is there anything preventing the team from minting more tokens? Unfortunately, it seems not, which is a little concerning, especially without detailed information about their tokenomics plan. Here’s an excerpt from their token contract on Polygonscan.

    /** @dev Creates `amount` tokens and assigns them to `account`, increasing      * the total supply.      *      * Emits a {Transfer} event with `from` set to the zero address.      *      * Requirements:      *      * - `account` cannot be the zero address.      */     function _mint(address account, uint256 amount) internal virtual {         require(account != address(0), "ERC20: mint to the zero address");          _beforeTokenTransfer(address(0), account, amount);          _totalSupply += amount;         _balances[account] += amount;         emit Transfer(address(0), account, amount);          _afterTokenTransfer(address(0), account, amount);     } 

Players can trade for ASTRAFER on Quickswap using a variety of tokens. From the standard ETH and USDC to SAND, REVV, TOWER, and others.

Astrafite Rush Event

Also, tied in with Episode 4, the team plans to release a special Astrafite Rush event. This will involve completing in-game objectives to earn raffle tickets for potential rewards in ASTRAFER tokens. This event runs in cycles, with players gaining points towards their personal objectives during each cycle, while also contributing to a community pool, which increases the rewards for everyone. The team promises extra rewards for Planet holders, who receive additional ASTRAFER as they complete objectives during the event. Objectives include missions such as mining ore and fighting…