11Minutes IDO on Kaizen: Project and Token Details

4 min readJan 9, 2022

Who are 11Minutes?

11Minutes is a first-of-its-kind blockchain game series. 11 Minutes will put out a brand new interactive game for gamers to enjoy every single week. To enter these weekly game sessions, you'll need to Mint an NFT Ticket with a highly affordable price of just $45 (Including Gas Fees). 11 Minutes will reward the top players on the leaderboard (Top 10) with life-changing money prizes such as Player 1, $80,000 PLayer 2, $20,000 Player 3, $10,000 and so on. They didn't forget about the rest of the players and have rewards for all players in the top 25%, which will (with a guarantee) at least cover their initial investment (If not more).

This NFT Ticket comes with a 3-way utility.

1. You'll be able to participate in one weekly game session with one NFT ticket minted for that game session.
2. You'll be given another chance to participate in another game, a 'Monthly Special' hosted at the end of each month
3. You will be able to further Stake your NFT to earn our '$ELVN' token for a lifetime passive gains or resell the ticket on a secondary market.

11Minutes rewards (for the top 25%) are NOT given in their native token to keep the number of rewards earned stable.

IDO details

Ticker: ELVN
IDO start: 13:00 UTC
IDO schedule: 1 phase — 1 hour, for whitelisted Kaizen Priority Pass owners, $100 max individual allocation; 2 phase — 6 hours, any whitelisted users + any Kaizen Pass owners, first-come-first served principle, $500 max individual allocation
Blockchain Network: BSC
Token supply: 1,000,000,000
Project valuation: $28,750,000
Initial Token Circulation: 25,000,000
Initial Market Cap: $712,500
Kaizen Raise: $150,000
Coins / stable tokens to accept (BEP-20): BUSD, USDT, USDC
Supported Wallets: MetaMask, Trust Wallet, CyberWallet.ai, or any wallet with the WalletConnect protocol
Whitelisting: https://kaizen.finance/ido/elevenminutes

Token Vesting: 15% on TGE, 1 month cliff, follow by 6 month vesting
Token Price: $0,0285

Product viability

The Play To Earn model has been around for quite a while now, and it is absolutely tanked with competition, so needless to say, there’s a massive market for the Play To Earn industry. But 11Minutes stand out every step of the way. A unique scholarship model for scalability factors and guild adaptation, exceptional individual level returns that benefit all gamers.

11Minutes solved the most significant problems with the Play To Earn industry.

1. High barrier to entry to get decent gains or free-to-play games with meager returns, which is not worth it to play the game. (The NFT ticket costs only $45 with gas fees, enabling them to tap into the biggest PTE demographic (developing countries). The returns are very worth it for paying just $45.

2. The gameplay of games (even with good returns) is very predictable, and after some time, it starts to feel like a job and responsibility and takes the actual ‘essence of gaming’ out of the game. (Each week, a new game is given to the gamers to play, which will keep 11minutes forever exciting.)

3. The rewards are awarded in the game’s native token, making earnings unpredictable and putting your investment at particular risk. (The rewards are given directly in USD terms.)

11Minutes have an army of developers and leading marketers who have been in the industry for six years, so they can confidently say that the are set to compete with even the biggest names in the industry right now.

Tokenomics

The structure of token allocation is showed below: