- Big Time Studios introduces $OL, a utility token for its Open Loot platform, offering in-game rewards, discounts, and engagement opportunities.
- Unlike traditional token launches, players earn $OL through gameplay activities, ensuring fair access and driving growth in Web3 gaming.
Web3 gaming and the creator of the Open Loot platform, Big Time Studios is launching its first utility token $OL, to enhance user engagement and reward its community.
Unlike traditional fundraising mechanisms, $OL will not involve token sales, team allocations, or early investor distributions. Instead, active users will earn the token through platform activities, including gameplay challenges, events, and unique opportunities within partner games.
“We’re flipping the script on token launches. Instead of the usual fundraising frenzy, the launch of $OL is about giving back to our incredible community of players and game developers,” said Ari Meilich, Founder of Big Time Studios.
The $OL token aims to revolutionize the Open Loot ecosystem by offering benefits such as reduced transaction fees, early access to games, exclusive in-game rewards, and discounts on premium currency bundles and NFTs. Developers can also use $OL to incentivize players, create limited-time events, and foster player engagement through targeted promotions. This initiative strengthens the connection between developers and their audiences, providing innovative ways to drive user acquisition and retention.
The Open Loot platform has already processed nearly $500 million in transaction volume since its inception. It simplifies cryptocurrency integration for game developers while ensuring scalability, regulatory compliance, and secure payments. Features like patented Vault technology allow players to trade NFTs without incurring high gas fees, enhancing the overall user experience. The platform’s diverse offerings include NFT rentals, a marketplace for non-crypto game currencies, and expert support for developers in marketing and game design.
