Cardalonia is a metaverse with medieval themes built on blockchain technology. They have announced the launch their Lonia Token. This launch comes after a $420,000 pre-seed round which saw Cardano, an Estonian metaverse startup, raise $420,000.

Cardalonia Begins $LONIA Sale

Cardanlonia, Wednesday April 20th, announced the launch of $LONIA token sales. Each Lonia token will cost 14 Lonia tokens per 1 ADA.

According to the project’s tokenomics, the LONIA token has a total supply of 100 Million, of which 50% is for the public, 20% for staking, 10% for the team, 8.5% for liquidity and more.

Cardalonia says that 50 million LONIA will be sold in three rounds to individual investors. Investors will be able to buy a minimum 500 ADA (7,700 LONIA) or a maximum of 20,000 ADA (280,000 LONIA).

Cardalonia: Cardano’s Other Metaverse Project.

Cardalonia is just one of many metaverse projects that are being developed on Cardano’s blockchain. The DAO will function as a functioning decentralized autonomous organization (DAO) where decision-making will take place by holders of $LONIA tokens, who will then vote for the future Cardalonia.

Cardalonia allows users to earn, create and socialize. They can also trade and participate in other activities based upon the P2E principle. According to the roadmap shared, Cardalonia’s metaverse should launch within the fourth quarter of 2022.

To The Flipside

• Despite some significant advancements, Cardano is stuck in a unimpressive price range (trading below $1), even though there have been many.

Cardano’s seven-day price chart (ADA). Tradingview

Why you should care

Although Cardano has been criticized for slow implementation of smart contracts, many projects have begun to move into the most useful blockchains.

Continue reading on DailyCoin