11minutes, which emerged as the PlayToEarn project in the recent past, has started to be mentioned in many places. The project, which has world-renowned partnerships such as Polygon, Chainsafe and Dutch Crypto, had a successful period before listing by signing a total of 7 successful Launchpads such as Trustpad, InfinityPad by DAO maker, Oxbull, Moonstarter and the like. The listing date is January 11, 11.11 UTC, 14.11 ELVN, Turkey time. Although it is said that the token will be listed only on PancakeSwap for now, the team states that they are working to be listed on different exchanges and that explanations will come soon. The ELVN token will start to be listed at a price of $0.0285 and the market cap of the token is $484,000.
What is 11Minutes?
If we examine the game presented by the project; A game that nobody knows is broadcast on Sunday every week and the game is open for 24 hours. The games usually consist of similar games that we can call the games of our childhood, such as the Squid Game series. Participation in the games is thanks to NFT tickets, which can be scraped from their official website. Tickets go on sale 3 to 5 days before the game and the price of the tickets is 45 dollars. A total of 11,000 tickets are on sale for each game. You have 11 minutes after starting the game and your goal is to reach the highest score you can in these 11 minutes. Being in the first 25% is enough to win a cash prize. The amount of money accumulated in the prize pool is determined according to the amount of tickets sold. For example, if all tickets are sold, the prize money won by only the winner is over $80,000. You can try yourself and have an idea about the games by playing the demo game they first released on their official website.
What do NFT tickets purchased for the game do?
Each game season has its own special ticket, so you need to scrape that season’s ticket from the official site in order to participate in that week’s game. So, is the ticket you scraped just for playing games? The project has thought of this part very well. After every 4 game seasons, a special game season is released and you don’t need to scrape extra tickets for this game season because participation in the special game season is based on the tickets for the previous 4 game seasons. In other words, if you have participated in any of the previous 4 game seasons, you have the right to play with these tickets in the special game season without purchasing new tickets. It doesn’t stop there, the tickets you buy for participating in the games have a stake of 100-1500, completely random. In other words, the ELVN token to be listed can be mined thanks to NFT tickets. In summary, with the game tickets you pay for $ 45, you can join the game season to which the ticket belongs, the special game season, and you can mine ELVN tokens!
What awaits 11Minutes in the future?
Looking at the roadmap of the project, it looks like a very bright future. The game, which can only be played on the computer at the moment, will soon be playable on Android and then IOS. A very important development is expected for 2022 Q3. The project aims to release its games for Xbox and Playstation, and if that happens, it looks like long-term investors will make a lot of money. At the same time, the project that wanted to set up their own launchpad with a new concept made a small experiment. The trial, which gave the right to participate in the game under the name of PlayToIDO, was highly appreciated by the users. The statement made by the project team recently drew attention. Talking about different game competitions without changing the main logic with future updates, the team gave signals that different modes will be added, although it does not give much detail on the subject.