This Week’s Controversy Surrounding Off The Grid Shooter Game
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The popular shooter game Off The Grid has recently come under scrutiny due to a leaked confidential letter that has sparked mixed reactions from the gaming community.
The leaked letter, which was allegedly sent to Gunzilla Games’ private investors, pertains to the company’s GUN token that recently became tradeable on Binance. The token saw a rapid rise in market cap, reaching $68 million shortly after its launch, but has since dropped to $40 million.
The letter mentions a SAFT (Simple Agreement for Future Tokens) where investors provided funding upfront in exchange for tokens at a later date.
The contents of the leaked email were shared on social media platform X by a crypto trader named Grail.eth, garnering over 115,000 views in less than a day. The trader criticized the decision outlined in the letter, although details about the SAFT agreement are still scarce.
The email also reportedly discusses changes to GUN’s vesting tokenomics and offers investors the option of a refund if they do not agree to the new terms.
According to Grail.eth, seed round investors were initially promised 5% of their GUN tokens to be unlocked on launch day, while strategic round investors were to receive 2% of their tokens. However, the public whitepaper indicates that strategic round investors will not have any tokens unlocked at launch, with a 12-month cliff and 18 months of vesting for all private rounds.
Speculation on social media suggests that these changes may be related to funding GUN’s listing on Binance, although this has not been confirmed by Gunzilla Games or Binance.
Despite criticism of GUN’s tokenomics for favoring investors, some individuals view the delayed unlocking of tokens positively to prevent a sudden price drop that could harm the project’s momentum.
Avery Bartlett, Marketing Lead at Ava Labs, commented on the situation, stating, “A rare instance where the project chooses its users over VCs,” while acknowledging the valid concerns raised by critics.
Theodore Agranat, Director of Web3 at Gunzilla Games, expressed uncertainty regarding the legitimacy of the leaked letter and mentioned the presence of a confidentiality clause attached to it.
As the controversy continues to unfold, it remains to be seen how Gunzilla Games will address the concerns raised by investors and the gaming community.
