More than 1,500 participants were attracted within 24 hours of the opening of the public sale of coins for the Solana Eco-Entertainment Project Heeboo, which accumulated approximately $1.15 million. On the basis of the public share of the current round, the current total dilution valuation of the project is over $23 million, and TGE is scheduled for 27 August.

Pricing completed within 48 hours

This sale was launched at 9 a.m. U.S. Eastern Time on August 25th, and took place on Solana for 48 hours through Metaplex Genesis Launch Pool. The mechanism does not set a fixed price, but is the final price to be determined jointly by the total amount deposited by the participants, and the share of the public sale is allocated on the basis of the size of the deposit and the weight of the deposit.

Heeboo offered 25% of the advance-to-weighted incentive in the first 24 hours. Between 24 and 36 hours, the weight will gradually drop to zero. After 36 hours, withdrawal will begin to give rise to a fine and will rise to 25 per cent in the last hour. If the minimum graduation threshold is not met, the participant may apply for a refund.

The token distribution has been announced.

The economic model of the tokens disclosed by the project showed that the total number of HEEBOs was 1 billion, of which 20 per cent was allocated to Fan Renewals, 20 per cent to Creator Pool and 15 per cent to Community. Of the rest, 12.5 per cent was allocated to Treasury, 10 per cent to Shareholds, 10 per cent to Liquidity/Market Make, 5 per cent each for team and public distribution and 2.5 per cent to Watch & Collec.

  • The public share is 50 million.
  • Community distribution, 15%.
  • 20% of the proceeds of a public sale will be injected into the Raydium pool.

The project documents show that the tokens purchased through Launch Pool do not contain locks or attribution periods. Twenty per cent of the proceeds of public sales will be moved to a single Raydium CPM pool, equivalent to about 1 per cent of the total supply. Heeboo plans to lock this part of the liquidity for one year and unlock it on a quarterly basis.

Project bet fans involved

Heeboo was created by the Claynosaurz team as the entertainment economy that connects creators with fans. According to the project, it is hoped that creators will be able to distribute returns to supporters and that fans will be more directly involved in the early development of content discovery, support and entertainment IP.

The project also stated that the Claynosaurz brand had reached more than 1 million fans over the past three years, received 2 billion views and earned $12 million in income. Heeboo plans to use 10 per cent of each project start-up funding to buy HEEBO and incorporate it into the fan reward pool.

Distinction in historical project performance

In terms of fund-raising, the sale has become one of the larger projects of Metaplex Genesis. Blockworks shows that Metaplex Genesis has cumulatively completed 589 currency issuances totalling approximately $15 million, cumulative DEX transactions of approximately $1.56 billion, participants of 13,360 and Platform revenues of approximately $11.19 million.

However, there has been a marked fragmentation of past project performance. Some of the projects have experienced a significant increase since their issuance, but a number of others are now falling sharply over prices. It is mentioned that the CARDS of Collator Crypt is still higher than the offer price, while projects such as Beamable Network and Portals have fallen by about 95 per cent. This means that higher initial funding does not necessarily correspond to subsequent tokens.