According to the press release, 500 million RAKUN token will be issued during the IEO, 150 million of which will be reserved in the next 20 years to be distributed among users and content managers.
The first phase of the IEO will run until Nov. 24 while the second phase will be conducted from Nov. 24 to Nov. 30.
“With the launch of RAKUN IEO, now is the most advantageous time for crypto and blockchain game enthusiasts to join us in the future of blockchain gaming,” Kazuhisa Inoue, founder and CEO of Good Luck 3, said.
He believes RAKUN’s reward and spending systems serve as a practical example of how blockchain ecosystems should work.
RAKUN is a gaming entertainment platform that rewards users with RAKUN tokens for participating in various activities such as consuming and contributing content and engaging with other users in the community.
RAKUN seeks to lead gamers into a novel game economy through blockchain, as well as increase the value of RAKUN tokens by circulating and taking advantage of them within games.