P2E

Who can earn?

There are two type of rewards inside the game:

1. Gold key fragments
2. Silver key fragments

Gold key fragments

Gold key fragments are selected by default as eligible rewards if you are playing with one of the following assets:

• Genesis Galaxy Fighters and Gen 2 Galaxy Fighters
• Genesis Weapons

When you select and enter into battle with one of these assets above 1 energy is deducted and you are automatically eligible for winning gold key fragments upon match victory. Note that this is not guaranteed, whether you win a fragment or not will depend on luck. You can also improve your luck by increasing your rank through winning more trophies.

Silver key fragments

Silver key fragments are selected as default rewards if you are not playing with Genesis/Gen 2 Fighters or any of the Genesis weapon. You are eligible for silver key fragments as rewards if you are playing with partnered project characters or the free-to-play (F2P) base character you get when playing without one.

Your chances of winning silver key fragments with a partnered project character will be higher than playing with a F2P base character.

Example

If you are playing with a Cyberkong (Partnered project character) with a Green Asteroid (Genesis weapon) then you would be eligible for Gold key fragments as rewards; once the energy on the Green Asteroid is depleted then you will only be able to win Silver key fragments no matter which weapon you select, you can still play with your Green Asteroid or a new non-genesis weapon, at this point the energy on your Cyberkong will start to be depleted.

*Note that you can still play with the Cyberkong and Green Asteroid after their energy is depleted, but it just means you will no longer be eligible for that pool of rewards

Energy

Energy is what allows you to earn gold or silver key fragments, energy is linked to individual character NFTs or Genesis weapon. While each character NFT has its own energy, Genesis weapons’ energy is stacked together instead of each weapon having their own energy (this is because they are ERC-1155s).

Every character or Genesis weapon can have up to 10 energy points, each match you enter into will cost 1 energy point, every 10 energy points is regenerated every 24 hours (TBC whether progressively or at a specific time). Energy is not depleted together, in other words they stack and are only depleted one item (character or weapon) at a time.

Please note the following ways energy is handled in the following circumstances:

Transfer in (mints and purchase): Any new fighters or weapons purchased (or minted in the case of weapons as well) will start with 0 energy and replenished over the next 24 hours after it’s landed in your wallet

Transfer out: energy is deducted when you transfer a fighter or weapon out of your wallet

Rewards

After you win key fragments, you can combine them into full keys which allow you to open lootboxes which unlock weapons. There are two ways you can combine key fragments into keys:

1. Combine 3 keys fragments and take a chance into crafting a full key
2. Combine 10 keys fragments and craft into a full key with 100% success rate

With the keys you crafted from the key fragments, you will be able to use them to open lootboxes, out of the lootbox you have a chance to get weapons from different tiers all the way from Basic to Exotic based on the tier of key you are using:

• Gold keys have a chance to win between Basic — Exotic and have a higher chance relative to silver keys to win higher tier weapons
• Silver keys have a chance to win between Basic and Rare

Once P2E is live, you will be given the option to select the type of key that is being used on the lootbox page (Genesis, Gold, Silver) and be able to open a corresponding lootbox.

Cost of crafting keys = FREE
Cost of opening loot boxes with Gold or Silver keys = 200GCOIN

NOTE: Rewards supply will be controlled carefully at the start of P2E launch and may increase over time, our main objective with this P2E system is to introduce meaningful progression and retention mechanisms more than anything else

Forging

Just like how Genesis weapons can be forged into higher tier of weapons in the same collection, P2E weapons can also be crafted into higher tiers of other weapons. In other words, only Genesis weapons can be crafted into Genesis weapons and only P2E weapons can be forged into other P2E weapons.

To be clear, there are exclusive P2E weapons from Uncommon to Exotic tier that can only be won from opening lootboxes with P2E keys or from forging with P2E weapons. These weapons are unrevealed until they are discovered by players.

Training

P2E weapons, like Genesis weapons, can be used for training Generation 2 fighters. However Genesis weapons are considered to be superior ingredients and therefore will generally result in better/stronger Generation 2 Galaxy Fighters.

Leveling

Our leveling system has now been updated on our whitepaper

After consulting the community, we have decided to introduce a a new leveling system as we roll out P2E. Before we dive into leveling, remember that there are two main progression systems within GFC

1. Ranking (trophies)
2. Leveling (experience points)

Both progressions systems are account based which means they are bounded to your accounts instead to your NFTs. The difference between the two is outlined below:

Ranking

Your rank can be between 1–40 and is determined by your trophy number, a lower trophy count will put you in a lower rank and vice versa, your ranking in turn determines the League you are playing at. Trophies can be won or lost and the amount you gain/lose is dynamic depending on the League you are playing in as well as the rank of your opponents.

The reward of being in a higher rank is not just the bragging rights, but a higher rank allows you to enjoy a higher drop chance of gold keys and silver keys. Ranking is bounded to your account. You can understand ranking as our MMR system.

Leveling

Your level can also be between 1 and 40 and is determined by your experience points, it gets progressively harder to advance to the next level as you advance, requiring more experience points. Experience points can only be gained but cannot be lost, you gain experience points after each match, winning a match will grant you more experience points relative to being on the losing team.

As you level up, you will be able to unlock special rewards in our Levels Reward Program. Rewards can include in-game display icons, cosmetics, weapons, special characters, emojis, emotes and others. Your experience points and level is tied to your account and cannot be transferred, these in-game rewards are also fixed to your account and cannot be sold or transferred as NFTs.

Disclaimer:

PLEASE READ THE ENTIRETY OF THIS “DISCLAIMER” SECTION CAREFULLY. NOTHING HEREIN CONSTITUTES LEGAL, FINANCIAL, BUSINESS OR TAX ADVICE AND YOU SHOULD CONSULT YOUR OWN LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISOR(S) BEFORE ENGAGING IN ANY ACTIVITY IN CONNECTION HEREWITH. NEITHER THE COMPANY ISSUING $GCOIN TOKENS OR GFC NFT (“COMPANY”), ANY OF THE PROJECT TEAM MEMBERS WHO HAVE WORKED ON GALAXY FIGHT CLUB (“GFC”) TO DEVELOP $GCOIN, GFC NFT AND/OR THE PROJECT IN ANY WAY WHATSOEVER (“GFC TEAM”), ANY DISTRIBUTOR/VENDOR OF $GCOIN OR GFC NFT (“DISTRIBUTOR”), NOR ANY SERVICE PROVIDER SHALL BE LIABLE FOR ANY KIND OF DIRECT OR INDIRECT DAMAGE OR LOSS WHATSOEVER WHICH YOU MAY SUFFER IN CONNECTION WITH ACCESSING THIS DOCUMENT, THE WHITEPAPER, THE WEBSITE AT https://galaxyfightclub.com/ (“WEBSITE”) OR ANY OTHER WEBSITES OR MATERIALS PUBLISHED BY THE COMPANY.

Project purpose: You agree that you are acquiring $GCOIN or GFC NFT to participate in GFC and to obtain services on the ecosystem thereon. The Company, the Distributor and their respective affiliates would develop and contribute to the underlying source code for GFC. The Company is acting solely as an arms’ length third party in relation to the $GCOIN or GFC NFT distribution, and not in the capacity as a financial advisor or fiduciary of any person with regard to the distribution of $GCOIN.

Nature of this document and the whitepaper: This document, the whitepaper and the Website are intended for general informational purposes only and do not constitute a prospectus, an offer document, an offer of securities, a solicitation for investment, or any offer to sell any product, item, or asset (whether digital or otherwise). The information herein may not be exhaustive and does not imply any element of a contractual relationship. There is no assurance as to the accuracy or completeness of such information and no representation, warranty or undertaking is or purported to be provided as to the accuracy or completeness of such information. Any information provided in the whitepaper and on the Website will be updated and changed from time to time with or without notification. Where this document, the whitepaper or the Website includes information that has been obtained from third party sources, the Company, the Distributor, their respective affiliates and/or the GFC team have not independently verified the accuracy or completeness of such information. Further, you acknowledge that circumstances may change and that this document, the whitepaper or the Website may become outdated as a result; and neither the Company nor the Distributor is under any obligation to update or correct this document, the whitepaper in connection therewith.

Token Documentation: Nothing in this document, the whitepaper or the Website constitutes any offer by the Company, the Distributor, or the GFC team to sell any $GCOIN or GFC NFT nor shall it or any part of it nor the fact of its presentation form the basis of, or be relied upon in connection with, any contract or investment decision. Nothing contained in this document, the whitepaper or the Website is or may be relied upon as a promise, representation or undertaking as to the future performance of GFC. The agreement between the Distributor (or any third party) and you, in relation to any distribution or transfer of $GCOIN or GFC NFT, is to be governed only by the separate terms and conditions of such agreement or as implemented by the GFC team on the Website from time to time.

The information set out in this document, the whitepaper and the Website is for community discussion only and is not legally binding. No person is bound to enter into any contract or binding legal commitment in relation to the acquisition of $GCOIN or GFC NFT, and no digital asset or other form of payment is to be accepted on the basis of this document, the whitepaper or the Website. The agreement for distribution of $GCOIN or GFC NFT and/or continued holding of $GCOIN or GFC NFT shall be governed by a separate set of Terms and Conditions or Token Distribution Agreement (as the case may be) setting out the terms of such distribution and/or continued holding of $GCOIN or GFC NFT (the Terms and Conditions), which shall be separately provided to you or made available on the Website. The Terms and Conditions must be read together with this document, the whitepaper. In the event of any inconsistencies between the Terms and Conditions and this document, the whitepaper or the Website, the Terms and Conditions shall prevail.

Deemed Representations and Warranties: By accessing this document, the whitepaper or the Website (or any part thereof), you shall be deemed to represent and warrant to the Company, the Distributor, their respective affiliates, and the GFC team as follows:

(a) in any decision to acquire any $GCOIN or GFC NFT, you have shall not rely on any statement set out in this document, the whitepaper or the Website;

(b) you will and shall at your own expense ensure compliance with all laws, regulatory requirements and restrictions applicable to you (as the case may be);

© you acknowledge, understand and agree that $GCOIN or GFC NFT may have no value, there is no guarantee or representation of value or liquidity for $GCOIN or GFC NFT, and $GCOIN or GFC NFT is not an investment product nor is it intended for any speculative investment whatsoever;

(d) none of the Company, the Distributor, their respective affiliates, and/or the GFC team members shall be responsible for or liable for the value of $GCOIN or GFC NFT, the transferability and/or liquidity of $GCOIN or GFC NFT and/or the availability of any market for $GCOIN or GFC NFT through third parties or otherwise; and

(e) you acknowledge, understand and agree that you are not eligible to participate in the distribution of $GCOIN if you are a citizen, national, resident (tax or otherwise), domiciliary and/or green card holder of a geographic area or country (i) where it is likely that the distribution of $GCOIN would be construed as the sale of a security (howsoever named), financial service or investment product and/or (ii) where participation in token distributions is prohibited by applicable law, decree, regulation, treaty, or administrative act (including without limitation the United States of America and the People’s Republic of China); and to this effect you agree to provide all such identity verification document when requested in order for the relevant checks to be carried out.

The Company, the Distributor and the GFC team do not and do not purport to make, and hereby disclaims, all representations, warranties or undertaking to any entity or person (including without limitation warranties as to the accuracy, completeness, timeliness, or reliability of the contents of this document, the whitepaper or the Website, or any other materials published by the Company or the Distributor). To the maximum extent permitted by law, the Company, the Distributor, their respective affiliates and service providers shall not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including, without limitation, any liability arising from default or negligence on the part of any of them, or any loss of revenue, income or profits, and loss of use or data) arising from the use of this document, the whitepaper or the Website, or any other materials published, or its contents (including without limitation any errors or omissions) or otherwise arising in connection with the same. Prospective acquirors of $GCOIN or GFC NFT should carefully consider and evaluate all risks and uncertainties (including financial and legal risks and uncertainties) associated with the distribution of $GCOIN or GFC NFT, the Company, the Distributor and the GFC team.

$GCOIN Token: $GCOIN are designed to be utilised, and that is the goal of the $GCOIN distribution. In fact, the project to develop GFC would fail if all $GCOIN holders simply held onto their $GCOIN and did nothing with it. In particular, it is highlighted that $GCOIN:

(a) does not have any tangible or physical manifestation, and does not have any intrinsic value (nor does any person make any representation or give any commitment as to its value);

(b) is non-refundable and cannot be exchanged for cash (or its equivalent value in any other digital asset) or any payment obligation by the Company, the Distributor or any of their respective affiliates;

© does not represent or confer on the token holder any right of any form with respect to the Company, the Distributor (or any of their respective affiliates), or its revenues or assets, including without limitation any right to receive future dividends, revenue, shares, ownership right or stake, share or security, any voting, distribution, redemption, liquidation, proprietary (including all forms of intellectual property or licence rights), right to receive accounts, financial statements or other financial data, the right to requisition or participate in shareholder meetings, the right to nominate a director, or other financial or legal rights or equivalent rights, or intellectual property rights or any other form of participation in or relating to GFC, the Company, the Distributor and/or their service providers;

(d) is not intended to represent any rights under a contract for differences or under any other contract the purpose or pretended purpose of which is to secure a profit or avoid a loss;

(e) is not intended to be a representation of money (including electronic money), security, commodity, bond, debt instrument, unit in a collective investment scheme or any other kind of financial instrument or investment;

(f) is not a loan to the Company, the Distributor or any of their respective affiliates, is not intended to represent a debt owed by the Company, the Distributor or any of their respective affiliates, and there is no expectation of profit; and

(g) does not provide the token holder with any ownership or other interest in the Company, the Distributor or any of their respective affiliates.

Notwithstanding the $GCOIN distribution, users have no economic or legal right over or beneficial interest in the assets of the Company, the Distributor, or any of their affiliates after the token distribution.

To the extent a secondary market or exchange for trading $GCOIN does develop, it would be run and operated wholly independently of the Company, the Distributor, the distribution of $GCOIN and GFC. Neither the Company nor the Distributor will create such secondary markets nor will either entity act as an exchange for $GCOIN.

Informational purposes only: The information set out herein is only conceptual, and describes the future development goals for GFC to be developed without any binding commitment. Please do not rely on this information in deciding whether to participate in the token distribution because ultimately, the development, release, and timing of any products, features or functionality remains at the sole discretion of the Company, the Distributor or their respective affiliates, and is subject to change. Further, this document, the whitepaper or the Website may be amended or replaced from time to time. There are no obligations to update this document, the whitepaper or the Website, or to provide recipients with access to any information beyond what is provided herein.

Regulatory approval: No regulatory authority has examined or approved, whether formally or informally, any of the information set out in this document, the whitepaper or the Website. No such action or assurance has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of this document, the whitepaper or the Website does not imply that the applicable laws, regulatory requirements or rules have been complied with.

Cautionary Note on forward-looking statements: All statements contained herein, statements made in press releases or in any place accessible by the public and oral statements that may be made by the Company, the Distributor and/or the GFC team, may constitute forward-looking statements (including statements regarding the intent, belief or current expectations with respect to market conditions, business strategy and plans, financial condition, specific provisions and risk management practices). You are cautioned not to place undue reliance on these forward-looking statements given that these statements involve known and unknown risks, uncertainties and other factors that may cause the actual future results to be materially different from that described by such forward-looking statements, and no independent third party has reviewed the reasonableness of any such statements or assumptions. These forward-looking statements are applicable only as of the date indicated in this document, the whitepaper, and the Company, the Distributor as well as the GFC team expressly disclaim any responsibility (whether express or implied) to release any revisions to these forward-looking statements to reflect events after such date.

References to companies and platforms: The use of any company and/or platform names or trademarks herein (save for those which relate to the Company, the Distributor or their respective affiliates) does not imply any affiliation with, or endorsement by, any third party. References in this document, the whitepaper or the Website to specific companies and platforms are for illustrative purposes only.

English language: This document, the whitepaper and the Website may be translated into a language other than English for reference purpose only and in the event of conflict or ambiguity between the English language version and translated versions of this document, the whitepaper or the Website, the English language versions shall prevail. You acknowledge that you have read and understood the English language version of this document, the whitepaper and the Website.

No Distribution: No part of this document, the whitepaper or the Website is to be copied, reproduced, distributed or disseminated in any way without the prior written consent of the Company or the Distributor. By attending any presentation on this document, the whitepaper or by accepting any hard or soft copy of this document, the whitepaper, you agree to be bound by the foregoing limitations.