Ethlas engineers the future of gaming. The company builds games and infrastructure tools, unlocking the next level of Web3 experiences. They make Web3 more accessible and safe for both users and companies.

Outline for Participating in Ethlas's IDO on Gamestarter:

1. VIP round: 

• Open to $GAME stakers only. 

• The round works on a FCFS basis - First-come, First-served. 

• Minimum amount of $GAME to be staked is 30.000. 

• Max ticket size is $10.000. 

• Covered by Gamestarter Protection Protocol. 

2. Private round: 

• Open to $GAME stakers only 

• The round works on a FCFS basis - First-come, First-served. 

• Minimum amount of $GAME to be staked is 1.000. 

• Max ticket size is $800. 

• Covered by Gamestarter Protection Protocol. 

3. Public round: 

• Open for everybody (stakers + non-stakers). 

• This round is optional. 

• The round works on a FCFS basis - First-come, First-served. 

• All remaining tokens from the Private round will be up for sale. 

• Non-$GAME stakers will receive 90% of tokens bought with a 10% fee deducted in the project token bought and are not covered by Gamestarter Protection Protocol. 

*$GAME stakers with a minimum of 1,000 tokens will receive 100% of the amount bought and are covered by Gamestarter's Protection Protocol. However, unstaking $GAME during vesting incurs a 10% fee on current and future vestings, as monitored by the contract (applies to all rounds).

Ethlas’ ecosystem is built upon games and Web3 infrastructure, inviting users to play, and companies to integrate. The ecosystem is powered by $ELS, launching on 28 June 2023. $ELS is used for governance, staking, in-game purchases and to access infrastructure tools - entirely inside Ethlas Portal. 

Games:

• Battle showdown: A multiplayer shooter game powered by interoperable NFTs, allowing all NFTs to become in-game assets. 
• My Pizza Story: A restaurant management and cafe cooking mobile game.
• Komo Valley: An idle virtual pet simulator mobile game.
• Ethlas Metaverse: A collection of hyper-casual games where users can play and earn rewards for power ups and items.

Infrastructure:

Ethlas also offers a range of infrastructure products to enhance the blockchain ecosystem.

Ethlas Web3 Services (EWS) provides developer SDKs that facilitate protection and security within blockchain-based applications. It also enables the seamless onboarding of web2 applications into the world of blockchain, ensuring a smooth transition and enhanced functionality.

These products represent Ethlas' dedication to revolutionizing the gaming industry through Web3 technology and providing developers with the necessary tools for secure and innovative blockchain integration. These products include:

• ReadyNFT: AI-powered Plug and Play gaming solutions that turns any NFT into recognisable in-game avatars
• ChatterBot: AI-powered discord community management tools
• EthlasSecurity: Proprietary solutions for wallet security and anomaly detection to prevent fraudulent transactions
• PokPok: A gamified educational platform for learning about options trading.

Ethlas aims to acquire users through a concerted approach of expanding their suite of games, growing their player base and reach. They also create meaningful partnerships with Web3 companies looking to improve their capabilities, and Web2 companies looking to penetrate the space.

Games & Social Media: With over 15m gameplays across their roster of games in under 2 years, Ethlas has a huge active player base, with an ever growing list of games. Utilizing organic social media platforms like Twitter, Facebook, TikTok, and Instagram, they roll out highly-engaging content that resonates with gamers. They also amplify user acquisition for their games through paid advertising. 

Key Opinion Leaders: Ethlas also partners with social media influencers and gaming content creators. These collaborations involve influencers showcasing their games and creating engaging content to amplify their reach.

Partnerships/Project Collaborations: Ethlas frequently partners with external projects and teams to co-host Twitter Spaces to be Web3 thought leaders and circulate their initiatives. They also work together with partner projects to integrate and feature their avatars in games like Battle Showdown, creating an invigorating presence for other communities and helping partners to take their first step into Web3 gaming. 

What makes the project unique is its dedication to leveraging blockchain, decentralized finance (DeFi), and non-fungible tokens (NFTs) to create an immersive and differentiated gaming experience for players.

The project believes that Web3 technologies will shape the future of gaming and aims to pave the way for that future. The goal is to establish a gaming ecosystem that redefines the next generation of gamer experiences, similar to the transformative impact the internet had on the gaming industry three decades ago.

The project aspires to become a leading force in the Web3 space, comparable to renowned companies like Epic Games and Valve, who have not only created groundbreaking game titles but also provided vital gaming infrastructure to other studios.

To ensure that the project is on the right track, it has dedicated significant time to building and refining gamified Web3 experiences. During this period, the project has gained traction, attracting a loyal following of paying gamers and establishing strong intellectual property. Additionally, the project has developed reusable components that can serve as valuable tools and infrastructure for other game studios in their pursuit of this future.

Through its unique blend of blockchain technology, DeFi integration, and NFT utilization, the project aims to create an unparalleled gaming ecosystem that captivates players and propels the industry forward. The project is committed to pushing the boundaries of what gaming can be and providing innovative solutions that empower both developers and players alike.

Token Utility:

The project's token, ELS, serves various purposes within the Ethlas ecosystem. Users can stake their ELS tokens to unlock different membership tiers, which provide benefits such as in-game features, heavily discounted items across all games, early access to new titles, and subscriptions to a broader range of products and services. Additionally, the ELS token operates as a cryptocurrency on a decentralized network, enabling secure storage and transfer of value. It can be used for online purchases, participation in decentralized applications, and exchanged for other cryptocurrencies or fiat currencies.

Path to Decentralization and Governance:

The evolution of Ethlas Studios involves two phases, with increasing decentralization of governance.

Phase I: In this phase, a centralized management team makes decisions as the platform seeks product-market fit, conducts rapid testing and iterations, and focuses on building the user base and seamless gaming experience.

Phase II: Once the user base exceeds 5-10 million monthly active users, Ethlas Studios plans to implement decentralized voting systems for user participation in decision-making. This community-informed approach to governance may include the establishment of a decentralized autonomous organization (DAO) based on ELS token ownership. Token holders will have voting rights on proposals related to token reserves, developer funding, daily rewards, and other relevant topics. The project aims to enhance the utility and decentralization of the ELS token through ongoing user voting.

Product Roadmap:

Q1:

• Launch of mobile apps and onboarding of Web2 audiences to complement the existing Web3 user base.
• Release Komo Valley and Komo Cafe as mobile games targeting Web2 users.
• Integration of Battle Showdown with decentralized finance (DFK).
• Associated growth in token utility: Introduction of staking and time deposits for $ELS.

Q2:

• Expansion of Web2 partnerships, focusing on local and international food and beverage (F&B) merchants interested in Web3.
• Further integration of partners within Battle Showdown.
• Continued development of staking and time deposit features for $ELS.
• Associated growth in token utility: Enable Web2 digital assets to be minted onto the blockchain.

Q3:

• Integration of Web3 capabilities into existing Web2 games.
• Functionality for Web2 users to create Web3 wallets via social logins.
• Interoperability between Web2 virtual currency and Web3 tokens.
• Launch in-game educational content for Web3.
• Associated growth in token utility: Creation of wallets based on social logins for Web2 users, incentivizing users with $ELS for in-app purchases.

Q4:

• Explore deeper cross-utility with partner platforms and ecosystems.
• Enable minting of in-game assets into non-fungible tokens (NFTs) and promote interoperability within the Ethlas ecosystem and partner projects.
• Continuation of game releases and acquisition of Web2 users in preparation for migration to Web3.
• Special in-app upgrades for users holding a minimum level of $ELS or making direct purchases with $ELS.
• Exploration of subnets to maximize value creation for $ELS.

The project's roadmap focuses on the expansion of its user base, integration of Web2 and Web3 technologies, and deepening partnerships to enhance the token's utility.

Seed Price: $0.1 – $0.2

Seed Raise: $8.7M

Seed Valuation: $80M

Public Price: $0.30

Public Valuation: $105,000,000

Listing Price: $0.30

TGE Initial Market Cap: est. $1,000,000

TGE Fully Diluted Market Cap AKA Valuation: $105,000,000

20% unlock at TGE

20% each following quarter

The token distribution follows a structured release schedule. Initially, 20% of the tokens will be unlocked at the Token Generation Event (TGE). Subsequently, an additional 20% of tokens will be unlocked every quarter, starting from TGE+3 months, TGE+6 months, TGE+9 months, and TGE+12 months. This gradual release of tokens ensures a measured and controlled distribution over time.

The project has formed several strategic agreements and partnerships with notable companies, projects, and developers.

• LayerZero: Partnered for cross-chain usage, enabling interoperability across different blockchain networks.
• DFK: Collaborated for the integration of Battle Showdown with decentralized finance (DFK), enhancing the gaming experience.
• Heedong/BBRC: Engaged in a joint game project featuring intellectual properties (IPs).
• Various partners for Battle Showdown, including 3Verse/Uninterested Unicorns, My Meta Farm, Chibi Clash, Ancient8, BRIDGR (community association), and Eleos Labs (web3 security).
• These partnerships aim to bring unique and integrateable non-fungible tokens (NFTs) to Battle Showdown, enriching the gameplay and user experience.

Ethlas is helmed by a highly experienced and diverse team with a strong track record in technology and entrepreneurship. Here are some key members of the team:

Wui Ngiap Foo, CEO: A tech founder and former Head of Technology at Grab, with expertise in overseeing large tech and operations teams. He has a background in engineering and has worked with notable organizations such as Credit Suisse and Google.

Gennady "Ari" Medvinsky, CTO: With over 20 years of experience in software engineering and security architecture, Ari has worked with leading tech companies such as Microsoft, Grab, and Google. He contributed to the development of various products and platforms, including leading the team responsible for Grab's authentication and login system. Ari holds a Ph.D. in Computer Science and has made significant contributions to the field, including early work on electronic currency.

Henry Foo, Head of Engineering: Leads engineering and game development at Ethlas. He has a passion for gaming and has successfully launched the Ethlas metaverse. Henry has a history of building tech products from a young age and has launched multiple startups while also gaining industry experience at companies like Grab and Micron Technology.

Elston Sam, Head of Product & Growth: Known as a "growth hacker," Elston has a background in driving product growth with companies like Grab, Airbnb, and Jumei.com. He played a pivotal role in Ethlas' early success, helping the project garner millions of gameplays and a significant number of wallet holders. Elston is focused on driving Ethlas' growth strategy and product roadmap.

The team's expertise and experience in technology, gaming, growth hacking, and security contribute to the project's strong foundation and vision for success.