The First: On-line increase of 1480%, why Open Loot can rise up

Recently, the price of Bitcoin has approached the historical level of $100,000. Most of the market funds have poured into the big pie market, causing most of the tracks to be in a lukewarm state except for MEME tokens and trendy hot spot DeSci. Among them, Web3 games, which have not seen wealth effects for a long time, have become one of the worst performing assets in the past period, and the valuation of newly published tokens has almost plummeted across the board.
However, Open Loot, a Web3 gaming solution launched on The First trading platform, has emerged as one of the few outstanding projects that have risen against the current market trend.
What is Open Loot? How did it quickly become popular in the market and emerge in the silent NFT blockchain game market? What surprises will it bring us in the future? Let's enter The First's new coin Open Loot together
What is Open Loot?
As a Web3 game distribution platform and marketplace, Open Loot is committed to providing infrastructure support for mid-core to hardcore games, solving common pain points in blockchain games, such as usability, scalability, and compliance issues. Currently, Open Loot mainly manages all infrastructure, encrypted and non-encrypted item sales and leases for the 3A-level MMORPG chain game Big Time. According to official data, in the past year, the platform has more than 2.70 million transactions, with a total transaction volume of over 32 million US dollars.
Through its unique Vault technology, Open Loot eliminates issues that hinder smooth experiences such as connecting to encrypted wallets and paying high gas fees, allowing players to buy and sell NFTs without paying gas fees, while retaining flexible blockchain minting options. At the same time, the platform's NFT market provides customized services for Web3 games, including NFT leasing, price history records, and non-cryptocurrency markets, further optimizing the gaming economy ecosystem.
Open Loot provides a complete set of power builders from game launchers to cryptocurrency integration, helping developers quickly land projects and meet player needs. At the same time, with the successful experience of Big Time , the platform can provide comprehensive guidance to partners in marketing strategies, token design, and other aspects. Its differentiated advantage is that, in addition to infrastructure, Open Loot focuses more on the overall solution of operation and distribution.
II. Open Loot Technical Features
NFT and token management technology Open Loot provides efficient NFT and token management support, injecting vitality into in-game virtual asset transactions. Players can conduct NFT transactions through direct sales, auctions, or opening loot boxes (lottery mechanisms), enhancing the liquidity and fun of game assets.
Payment and compliance management technology The platform supports multiple payment methods including cryptocurrency, debit cards, credit cards, and bank transfers, ensuring convenient participation for global users. At the same time, the integrated Anti Money Laundering (AML) and Know Your Customer (KYC) functions provide guarantees for transaction compliance and help build a transparent and secure ecosystem.
Game and Market Integration Analysis Technology With powerful analytical technology, Open Loot can deeply integrate game and market data, helping developers and platforms fully understand user behavior and market trends, providing data support for optimizing operational strategies and product decisions, and helping developers gain an advantage in the fiercely competitive blockchain gaming market.
III. Open Loot Team Introduction
Open Loot is created by the core team of Big Time Studios , bringing together game giants such as Electronic Arts and Tencent, as well as top developers who have participated in Fortnite , Call of Duty and League of Legends . Founder Ari Meilich is also the co-founder of the metaverse platform Decentraland , with rich industry experience.
Open Loot Token Economics
As a benchmark in the Web3 gaming field, Big Time Studios has exceeded 500 million dollars in market transaction volume due to the success of "Big Time" and the innovative ecosystem of the Open Loot platform. The newly launched OL token , as the platform's first practical token, not only provides more value for players and developers, but also becomes the core pillar of the Open Loot ecosystem.
Big Time Studios founder Ari Meilich said: "We have disrupted the traditional token publishing model. Unlike common fundraising methods, this OL token release aims to give back to our player and developer community."
As an ERC-20 token based on the Ethereum blockchain, $OL has a total supply of 5 billion coins and adopts a fair distribution model, focusing on community-driven development . Its core function is mainly to provide game privileges and developer tools for players.
Player privileges
Provide early game Right of access ;
Enjoy premium NFT discounts and rare asset acquisition opportunities;
Earn generous rewards by completing challenges or participating in special activities.
Developer Tools
Help game developers enhance user engagement, design social features, competition activities and promotional activities through $OL rewards, and promote player engagement and Retention Rate.
$OL adopts a community-first distribution model to ensure that tokens are not allocated to teams or investors. The distribution method is as follows:
50% user reward : motivate deep participation and platform activities;
20% Marketing and Community : Supporting Eco-Marketing and OLRP Transition Program;
30% Finance and Ecology : Liquidity support and ecosystem expansion.
Starting from November 19, 2024 , active ecological users can convert OLRP points into $OL at the ratio of 100 OLRP = 1 $OL , and users who participate in ecological construction will enjoy the allocation preferentially.
Through $OL, Open Loot will enable closer connections between players and developers, promoting the fairness, interactivity, and sustainable development of Web3 games. This innovative token model will help Open Loot build a blockchain gaming ecosystem that is truly community-centric .
V. Open Loot Market Value Analysis
$OL has been listed on The First spot area at 16:00 (UTC + 8) on November 26, 2024. As the first practical token launched by the Open Loot platform, $OL was first listed on November 19 with an opening price of 0.01 dollars. Within just two hours of publishing, the price soared to 0.148 dollars, an increase of up to 1480%. Currently, the price is stable around 0.12 dollars.
Despite the current bull market and the stable price of Bitcoin above $90,000, the overall environment is favorable for new coin publishing. However, the popularity of tokens in the Web3 gaming field is relatively lower than that of Meme coins. Open Loot is gradually building a complete Web3 gaming ecosystem with its profound technical strength and market support capabilities. Through a fair distribution model, $OL does not distribute tokens to teams and investors, but uses tokens for user rewards and community growth, which lays a solid foundation for its long-term development.
Currently, the price of $OL may continue the typical trend after the new currency is published, that is, there will be a pullback after the initial price rise. It is expected that the price may correct in the short term and then consolidate horizontally. For short-term investors, it is recommended to be cautious when the price corrects and control risks. For investors who are optimistic about the long-term development of the Open Loot ecosystem, it is recommended to timely layout after the price adjustment.
If you are interested in the long-term potential of the $OL token, it is recommended to trade and purchase through the The First ( byef.com ) platform, seize the opportunity, and enjoy high-quality User Experience and trading liquidity. The First provides a convenient and secure way to purchase, allowing you to easily participate in the future of Web3 games. Please make sure to closely monitor market trends and adjust investment strategies in a timely manner.
Overall, although there may be a risk of correction in the short term for $OL, the growth space of the Open Loot ecosystem is worth looking forward to in the medium and long term. For investors who are confident in holding and optimistic about the Web3 gaming industry in the long term, this stage is still a good investment opportunity.