To finance development of our game City States: Medieval, we decided to sell shares in the game. The supply is limited to 1,000,000 tokens total. Only 10,000 of these are sold in the initial offering. The price is fix at $0.5/CSM.
10,000 CSM at $0.50 ($5,000)
Additional rounds will only be held if more liquidity is needed to finish the games development and only at higher valuations.
Eligibility of dividends:
- Stellar accounts that hold at least $50 worth of CSM (~334 CSM)
- Dividends will be paid monthly after the game has been released.
- Dividends will be calculated from earnings after tax.
- Shares don’t hold any other rights (voting, decision process etc).
- Requirements may be adjusted in the future.
Since the team is confident in the success of the game, only little will be used to support individuals and most of us are compensated for their contribution with CSM shares. However, bills need to be paid and so we may raise additional funds through small offerings, raising the price per CSM as the development progresses.
Due to the Stellar Community Fund, we also have some cash-reserves we can tap into if needed. Basically, this token sale is to put us on the map, not essentially the need for more funding.
We wanted to emphasize that this is not a grab for money but a sincere effort to financially secure development of the game.
What are the funds raised used for?
Besides partial financial support of team-members, there are some tasks we want to hire professionals to assist us. Especially the database structure and server set up which is a different kind of beast for server side multiplayer games.
What if $5,000 is not enough to finish the game?
In this case we have two options:
Even if not completely finished, the game development will be far enough to have at least a playable beta version. There are several platforms to raise funds without giving away equity to polish a game (indiegogo, kickstarter).
- Second CSM Equity Token Sale
Since we are only offering 1% of equity at this stage, there is a possibility to raise more funding in later rounds at a much higher valuation and with a partner like smartlands.io or fig.co
Why no CSM <-> XLM pairing?
We don’t want to speculate with the money raised, and with the recent downtrend of XLM we might end up with less than we need. To not be victim of possible price fluctuations, we decided to raise in AnchorUSD instead. If token holders decide to trade the token against XLM or other pairings, they are free to do so.
If you are not familiar with Stellar or the SDEX:
How to buy the CSM token with BTC, ETH etc
Also read about the Distribution of CSM to Team members