Earlier at 0.03, I urged everyone to pay attention to $OL, and now it has more than doubled, let's go~~
1. @OpenLoot platform introduction
Openloot is a Web3 gaming platform where the $OL token is used for payments, rewards, and exclusive benefits.
Openloot focuses on the distribution platform and marketplace for Web3 games, aiming to address the challenges of growth, user experience, scalability, payment, and compliance in crypto games.
It provides game developers with hosting services, global fiat and cryptocurrency payments, KYC/AML, risk management, etc., supporting the building of player-based economic systems. It also offers APIs and tools to help developers quickly integrate Web3 features, including game launch support, marketing advice, and token design consulting.
The platform features a built-in marketplace that supports direct sales, auctions, and blind box forms for NFTs, where players can pay using cryptocurrencies, debit cards, credit cards, or bank transfers.
2. Why is the long-term outlook optimistic?
$OL is the platform token of the Openloot platform.
As a leader in the blockchain gaming sector, the growth potential of the Openloot platform ensures the utility of $OL.
Currently, Binance has not yet listed $OL, but it has just listed $Bigtime.
The platform's game sub-tokens have all been launched, and the platform token is not far behind.
The platform collaborates with leading Web3 games like Big Time, currently collaborating with a total of eight games, such as @WorldShardsGame, @BossFightersX, and @MoonfrostGame, covering both PC and mobile games.
The addition of these games is expected to significantly enhance the platform's user base and market activity, further driving the growth of the $OL price.
At the same time, the fair distribution model of $OL (with no team or investor reservations) enhances community confidence, and the platform's $150 million game fund also provides assurance for its growth. Top creators and influencers help game developers expand their communities and brand influence.
The current total transaction volume of NFTs on the Openloot platform is about $300 million, excluding NFTs sold directly by the platform, making this transaction volume unrivaled in the blockchain gaming sector. Openloot has ample operating and liquidity capital, so there is no need to worry about the project running away.
The role and utility of the $OL token
$OL is the native utility token of the Openloot platform, designed to capture platform value by providing exclusive benefits to platform users. Its specific utilities include the following aspects:
Features
1). Payment options
Players can use $OL to purchase NFTs, in-game currency (such as Time Crystals) on the Openloot marketplace, or participate in primary sales, enjoying discounts based on their VIP level.
2). Special offer packages
The platform occasionally launches special in-game currency packs (Premium Currency Packs) that can only be purchased with $OL at discounted prices.
3). VIP tier system
$OL is connected to a VIP tier system linked to market trading value; the higher the trading volume, the higher the tier, and the more discounts and benefits enjoyed.
4). Rewards and airdrops
Through the $OL TGE (Token Generation Event) airdrop program, users can earn Openloot Reward Points (OLRP) through activities in Big Time or the Openloot marketplace, which can be exchanged for $OL. Game developers can also reward players with $OL to attract users.
5). Early access and exclusive benefits
$OL holders can gain early access to games, be on the waiting list for NFT sales, and receive exclusive in-game rewards and special NFT sales.
6). In-game utility
$OL can be used or earned in games on the Openloot platform, enhancing the player's gaming experience, for example, by earning $OL through completing leaderboards or in-game drops.
$OL's total supply is 5 billion, with a current circulation of less than 400 million. The token distribution model is very fair: there are no team or investor reservations, and all $OL is allocated to user rewards (50%), marketing and community activities (20%), reflecting the community-driven concept.
According to Open Loot Wiki - Tokenomics, this distribution method aims to enhance user confidence and ensure the long-term value of the token.
3. Reasons and risks for investing in $OL
Growth potential of the platform: Openloot not only supports Big Time (a Web3 game with a large player base) but also plans to launch several other games. The success of these games will directly enhance the activity of the Openloot market, thereby increasing the demand for $OL. According to Open Loot Wiki, the platform has partnered with eight initial partners and is expected to officially launch in 2025, with broad market prospects.
Strong financial support: The $150 million fund provides stable financial backing for the platform, attracting more high-quality game developers to join, further enhancing the platform's appeal. According to Open Loot Funding Page, this fund aims to support market promotion and user acquisition for game developers.
$OL's utility: $OL is not a simple speculative token but a utility token with practical uses. Its uses include payments, discounts, rewards, early access, and in-game features, which provide long-term value support. According to Open Loot Wiki - $OL Token, the wide range of application scenarios makes $OL attractive to both players and investors.
Fair distribution model: The distribution model of $OL avoids common team or investor reservations, which is seen as a transparent and fair practice in the cryptocurrency community, enhancing user confidence. According to BlockchainGamerBiz News, the initial issuance of $OL rewards active users through a points system rather than traditional ICOs or private placements.
Market performance and community support: $OL was launched on November 19, 2024, and quickly listed on major exchanges (like OKX), attracting a large trading volume. According to CoinGecko - Open Loot, the 24-hour trading volume of $OL once reached over $32 million, and the community's attitude towards $OL is generally optimistic.
Of course, investing in $OL is not without risks. The cryptocurrency market is highly volatile, and the price of $OL may be affected by the following factors:
Platform development: If Openloot's games fail to attract enough players or partners, the demand for $OL may decline.
Market sentiment: The overall sentiment of the cryptocurrency market may affect the price of $OL, such as recent market adjustments or changes in regulatory policies.
Competitive pressure: The Web3 gaming market is highly competitive, and other platforms may divert users and attention.
Summary
Openloot is a platform with significant importance in the Web3 gaming field, and the services and support it provides bring significant value to game developers and players. As a utility token of the platform, $OL has a wide range of application scenarios, including payments, rewards, discounts, and exclusive benefits. This makes $OL attractive not only to players but also has potential long-term value for investors. Combined with the platform's financial support, fair distribution model, and the growth prospects of the Web3 gaming market, $OL is seen as an investment opportunity worth attention.
However, given the complexity and volatility of the cryptocurrency market, it is recommended that investors conduct thorough research before purchasing $OL, considering their own risk tolerance. Investors need to understand the real-time price and market dynamics of $OL and keep an eye on the latest developments of Openloot, such as new game launches or partnership announcements.
