Shrapnel

Pre-Investment Audit Scope Badge

Shrapnel Info

Explore Shrapnel's token economy: Play, create, own, and trade with $SHRAP in a dynamic, community-driven ecosystem.

Ticker
$SHRAP
Listing Price
$0
Total Supply
3,000,000,000
Niche
  • Gaming
TGE Date
2023-04-29
Tier 3
Tokenomics
Pre-Investment
Audit
Tokenomics
Audited
Investor
Information

Tokenomics Rating

Rank
#1764
Percentile
Top 95%
9
5
9
Economic Policies
19.75
Investment & Valuation
54.25
Utility & Value Flow
35.27
Market Makers
-
Distribution Fairness
35.61

Tokenomics Information

Allocation Distribution

Pool Name
Percentage
Vesting Information
Community Rewards33.00%60m Linear Vesting
Team and Advisors27.00%12m Cliff, 36m Linear Vesting
Seed Token Holders20.00%12m Cliff, 20m Linear Vesting
Ecosystem Fund8.50%6m Cliff, 36m Linear Vesting
Strategic Token Holders7.00%12m Cliff, 20m Linear Vesting
Liquidity And MM3.00%100.0% at TGE
Public Airdrop1.50%100.0% at TGE
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Showing 1-7 out of 7

Category Score
35.61out of 100
Percentile
Top 81%

Allocation Distribution Indicators

Highlights
1
Warnings
1
Alerts
1

Distribution Fairness

Distribution Fairness Benchmarks

Deviation from Best Performers

Deviation Status

Public Sale
-6.5%
Medium
Community
-4.2%
Low
Foundation
-10.4%
High
Insiders
+8.6%
Medium
Investors
+12.6%
High

Deviation from Best Performers

This section analyzes whether the token distribution is balanced by comparing it to best-performing projects in the same niche. It highlights low, medium, or high deviation levels across stakeholder groups and evaluates how closely the overall allocation aligns with proven benchmarks.

Overall Deviation Status

Medium

Category Score
out of 100
Percentile

Governance Indicators

Highlights
2
Warnings
0
Alerts
2

Token Power

Token Power

This section analyzes who holds actual control over the circulating supply year over year, with a focus on early stages where governance risk is highest. It assesses whether the governance power is centralized or decentralized, and flags any dominance by insiders or investors.

Token Control Status

Launch
Centralized
Year 1
Decentralized
Year 2
Centralized
Year 3
Centralized
Year 4
Centralized

Insider Dominance Test

Failed

Investor Dominance Test

Passed

Category Score
16.98out of 100
Percentile
Top 87%

Inflation Indicators

Highlights
0
Warnings
1
Alerts
3

Emission Type

Circulation

Inflation

Here we analyze whether inflation rates are sustainable, how balanced the vesting release schedule, how they compare with top-performing projects annually, and how this inflationary pressure might impact token value.

Year 1 Inflation

580.0%

Year 2 Inflation

311.8%

Year 3 Inflation

59.6%

Year 4 Inflation

22.1%

Inflation YoY

Category Score
24.06out of 100
Percentile
Top 75%

Supply Shock Indicators

Highlights
1
Warnings
1
Alerts
1

Emission Type

Circulation

Monthly Supply Shocks

Supply Shocks

Here we track the timing and size of every supply shock, we flag high, mid, and low risk supply shocks, we showcase the exact date of the largest dilution event, and enable unlocks and emissions visualization.

Supply Shocks Counter

2 Low Risk
4 Mid Risk
2 High Risk

Highest Supply Shock

36.7%
at Month 1

Detailed Information

Category Score
16.68out of 100
Percentile
Top 81%

Risk of Dilution Indicators

Highlights
1
Warnings
0
Alerts
1

Initial Float / Circulating Supply

This section assesses whether the TGE float is appropriately sized, what dilution it introduces, and how it compares to best performing projects. The float is also known as circulating supply and just because tokens are unlocked does not mean they enter circulation.

Initial Float

1.50%

Best Performer Float

12.34%

Team Float Control

0.0%
Low Control
Mid Control
High Control
At launch, the team controls 0.0% of the circulating supply, reducing the real initial float to 1.50%.

Circulating Token Supply (YoY)

Vesting Release Schedule

Category Score
54.25out of 100
Percentile
Top 82%

Terms and Conditions Indicators

Highlights
1
Warnings
0
Alerts
0

Investor Round Details

Investors Terms and Conditions

Here we focus on everything that matters to public and private investors, how the rounds are structured, what your payback looks like at TGE, and how fairly the different rounds are balanced mapping entry price, unlocks, vesting terms, and overall exposure.

Vesting Details

Hover to see the details.
Seed Token Holders
Strategic Token Holders

Target Hardcap

$17.5M
27.0%
73.0%
Shrapnel is selling 27.0% of its total token supply to investors in order to raise $17.5M in funding.

Category Score
28.55out of 100
Percentile
Top 90%

Valuation Indicators

Highlights
1
Warnings
1
Alerts
1

Valuation Comparison

This section compares the tokens valuation and performance to other projects within the same niche. It includes ROI benchmarks from the past year, the last 15 launches, and the top 5 competitors.

Niche ROI (Past Year Gaming)

-15.97%

Niche ROI (Last 15 Gaming)

+29.51%

Project FDV Status

Overvalued
Under
Fairly Valued
Over
Shrapnel is listing at 349.2% higher FDV compared to benchmark listing and current valuation averages.

Valuation Comparison

Valuation (FDV vs VDV)

We compare investor valuations using both Fully Diluted Valuation (FDV) and Vested Diluted Valuation (VDV) models to assess pricing from two key perspectives.<br /><br />The round that ranks highest across both valuation models is considered the best-valued round.

Preferred Round

Seed Token Holders
Best
Out of 2
1
Ranked 1st by VDV
1
Ranked 1st by FDV

Rounds Ranked by FDV

1
Seed Token Holders
$52.5M FDV
2
Strategic Token Holders
$100.0M FDV

Rounds Ranked by VDV

1
Seed Token Holders
$32.5M VDV
2
Strategic Token Holders
$61.8M VDV

Investor FDV vs VDV

VDV Valuation Model

Category Score
out of 100
Percentile

Conclusions Indicators

Highlights
1
Warnings
1
Alerts
0

Overall Investor Round Ranking

Shows the overall ranking of investment rounds based on combined metrics, including break-even speed, investment recovery at TGE, Fully Diluted Valuation (FDV), and Vested Diluted Valuation (VDV). The conclusion is the ranking of rounds from best to worst conditions.

Most Favorable Round

Seed Token Holders
Best
Out of 2
1
Ranked 1st by TGE Recovery
1
Ranked 1st by Vesting Speed
1
Ranked 1st by FDV
1
Ranked 1st by VDV

Least Favorable Round

Strategic Token Holders
Worst
Out of 2
1
Ranked 1st by TGE Recovery
1
Ranked 1st by Vesting Speed
2
Ranked 2nd by FDV
2
Ranked 2nd by VDV

Investor Round Ranking

Category Score
65.23out of 100
Percentile

Token Utility Indicators

Highlights
1
Warnings
1
Alerts
2

Token Utility

This vertical evaluates whether the token has a reason to exist within the broader ecosystem, and more importantly, why the user would choose to hold it over time. In simple terms, we evaluate what value the token creates and what specific problems does it solve.

Utility Score

65.23
Healthy

Value Flow

Weak
Utility Type
Status
Description
Governance
Token holders participate in Radon Network Guidance DAO decisions for game development
Gas Fee
Required for transactions on the Shrapnel subnet (on Avalanche)
Medium of Exchange
Default currency for trades on the Shrapnel marketplace
Staking (DPoS)
No network consensus staking for holders
Access / Feature Unlock
Core gameplay accessible without tokens
Showing 1-5 out of 5

Category Score
20.295out of 100
Percentile

Value Capture Indicators

Highlights
1
Warnings
1
Alerts
2
Value Accrual
Status
Description
Burn
No token burn mechanisms despite marketplace activity and gas usage
Buyback and LP
No buyback program or liquidity provision mechanisms identified
Fee Redistribution
Transaction fees go to protocol, not redistributed to holders
ve-Token Models
No vote-escrowed tokenomics implemented
Revenue Share
Content creators earn from marketplace sales, but no direct holder revenue share
Showing 1-5 out of 5

Value Capture and Accrual

This vertical evaluates how the protocol captures and retains value, and whether that retained value accrues back to the token. Most systems leak, where tokens flow in, users engage, but all the value flows out. And here we assess whether that value flows back into the token or not.

Value Accrual

Poor

Value Capture

Weak
NFT Marketplace
Trade weapons, skins, maps (10-50 SHRAP per item)
Gas Fees
Shrapnel Subnet (Avalanche)
Content Minting
Create maps, skins, vanity items
Governance
Radon Network DAO voting
Extraction Packs
Early access bundles
Value Capture
Fee Collection (Weak Mechanisms)
Protocol Treasury
18% supply (540M tokens)
Creator Economy
User-generated content
Creator Rewards
Performance-based incentives

About Shrapnel

Shrapnel is pioneering a dynamic, multi-faceted economic ecosystem that invites gamers, creators, curators, and landowners to engage deeply with its innovative platform. Through the Shrapnel economy, participants can engage in play, creation, ownership, and governance, all while being incentivized by the native token, $SHRAP. Players immerse themselves in Shrapnel's universe, purchasing gear or extracting valuable items during game sessions. These assets are then tradeable in the SHRAPNEL Marketplace for $SHRAP, providing a rewarding experience for active participants. Creators flourish by designing a range of assets, from vanity items to bespoke weapons, maps, and intricate map objects, monetizing their efforts and driving economic vitality within the platform. Their innovation not only stimulates market activity but fosters a collaborative environment where their creations gain value and recognition. Curators add another layer to this vibrant ecosystem by identifying high-quality content that resonates with the community. Their discerning eye ensures quality control and exposes players to the best of what Shrapnel has to offer, while earning their own share of the game's economic rewards. Landowners complete this intricate network by making substantial investments in the ecosystem. They not only secure a portion of the economic benefits generated but also contribute significantly to the platform's infrastructure and growth, creating a stable foundation for the ecosystem's continuous evolution. At its core, Shrapnel's tokenomics embody a virtuous cycle propelled by community interaction and contribution. As more personas join, the economic activity intensifies, uncovering new opportunities for collaboration and discovery that perpetuates the ecosystem's expansion. With $SHRAP, the platform promises a robust, user-driven economic landscape built on innovation, engagement, and shared success.