OneTo 11 partners with IMO launchpad to release governance token

OneTo 11, the world's firstBlockchain-based gaming eco-system, has announced an exclusive partnership with FireStarter, an IMO launchpad that incubates metaverse projects, to release the platform's governance token - 1 TO 11.

The official company's official Twitter and Telegram handles will be announced in the first week of December 2021, it said in a statement on Wednesday.

OneTo 11 leverages the new possibilities of criptocurrency and NFT trading to generate value in next-gen gaming applications that are built on the blockchain framework.

All 1 To 11 tokens will be released and complete governance rights will be transferred to the community over the next five years. The statement said that the token holders will be given the chance to vote on major decisions related to the future development and management of the OneTo 11 ecosystem.

We're the world's first gaming platform that is aimed at creating avenues of consistent income for gamers. Users can get access to multiple streams of earning, such as NFT creation, trading and staking on the platform itself, which will generate real monetary value for gamers. He said that the company plans to use all the revenue collected from the sale of the 1 TO 11 governance token for further game development and community rewards.

The Play-To Earn model is used in the entire OneTo 11 ecosystem to allow gamers of different interests to use their time and skills to earn money. Each of the platform's formats - Gameplay, NFT creation and Token governance is optimised for gamers to earn from the get-go.

The token released by OneTo 11 will provide discounted access to the holders in the contests along with exclusive game privileges and prize loots. The utility of the token can also be used on casual digital games with discounted access to its contests.

The users can earn 1 TO 11 token and participate in the ecosystem by playing games at a beginner level. They can play different games of the Oneto 11 ecosystem - Fantasy Sports, Casual Games and Learning Games, etc.

Users can play RPG games of the ecosystem, such as CricketX and EvolutionX, which have NFT creation feature and sell NFTs in exchange for 1 to 11 token. The token can be traded on a variety of exchanges to allow gamers to convert 1 To 11 token to other currencies in a seamless manner.

To make it more secure for all users, OneTo 11 will integrate the KYC process into the application's wallet. The company noted in its statement that Whitelist spots will be selected by a lottery, not by FCFS.

OneTo 11 launched a myriad of applications for gaming enthusiasts in September 2020. In a short span of time, it has acquired 1.5 million users and over 16 million transactions on the platform. The company plans to expand to the Middle East, Europe, and American markets as a result of football, basketball, baseball and field hockey in the near future.

The ecosystem is taking gaming to the next level by making it more of an income opportunity rather than just an entertainment activity. Ravindra Kumar, CEO and co-founder of OneTo 11 said that the first public sale on Firestarter is the beginning of the OneTo 11 team's mission to create a holistic gaming economy for gamers around the world to Play Earn for a lifetime.