Spellfire PriceSPELLFIRE

What is Spellfire (SPELLFIRE)?

Spellfire (SPELLFIRE) is a Play-2-Earn collectible card game that brings nearly 30 years of tabletop gaming history to the blockchain. Built on the Ethereum platform as an ERC-20 token, Spellfire introduces a hand-held NFT collection that bridges physical and digital card gaming. The project positions itself as a pioneer in connecting three realities: the physical, the digital, and the augmented reality. Through QR codes printed on the back of each physical card, players can trace, upgrade, and play their cards both online and offline. The game features interactive augmented reality cards that create immersive experiences. The project states it is moving toward multichain NFTs, aiming to be one of the first to support multi-chain NFTs. Spellfire's native token, $SPELLFIRE, powers the entire ecosystem, enabling passive income through card ownership and active gameplay rewards. The project launched its token on Jan. 27, 2022, and has attracted backing from industry investors including DAO Maker and Shima Capital.

Key Specifications & Tokenomics

• Name: Spellfire
• Ticker / Symbol: SPELLFIRE
• Blockchain / Platform: Ethereum (ERC-20)
• Contract Address: 0x3a0b022f32b3191d44e5847da12dc0b63fb07c91
• BNB Chain Contract: 0xd6f28f15a5cafc8d29556393c08177124b88de0d (per BscScan)
• Category: DeFi, Gaming, GameFi, Collectible Card Game, NFT, Metaverse, DAO Maker IDO
• Total Supply: 640,000,000 SPELLFIRE
• Max Supply: 640,000,000 SPELLFIRE
• Circulating Supply: 640,000,000 SPELLFIRE
• ICO Price: $0.025
• Funds Raised: $3.99M
• Initial Market Cap: $1,803,520
• Initial FDMC: $16,000,000
• Launch Date: Jan. 27, 2022
• CMC Listing Date: Jan. 15, 2022

The token sale was structured across three rounds. The seed round was priced at $0.016 (valuation $10.2M), while the private and public rounds were priced at $0.025 (valuation $16M), with vesting of 10%/15%/20% at TGE respectively.

Who created Spellfire?

Spellfire: Master the Magic originated as an out-of-print collectible card game created by TSR, Inc., based on their popular Dungeons & Dragons role-playing game. The original game was designed by Jim Ward and colleagues as TSR sought to enter the collectible card game market created by Magic: The Gathering. The project describes Spellfire, which dates back to 1994, as one of the earliest collectible card games after Magic: The Gathering. The blockchain iteration of Spellfire brings this nearly three-decade legacy to the digital asset space. According to public company profiles (Tracxn, Crunchbase), the project's founder is Ugnius Kiguolis, and the company is based in Kaunas, Lithuania. The project has garnered support from established industry investors, with DAO Maker and Shima Capital serving as lead investors. Additional backers include the Israeli Blockchain Association, Genblock Capital, Faculty Capital, IBC Group, Autonomy Capital, X21 Digital, and Maven Capital.

How does Spellfire work?

Spellfire operates as a Play-2-Earn collectible card game that integrates physical cards with blockchain technology. Each physical card features a QR code printed on its back, which connects the tangible card to its digital counterpart on the blockchain. This connection makes every card traceable, upgradable, and playable in both online and offline environments. The game utilizes augmented reality technology to create interactive experiences, where some cards feature voice or gesture-empowered actions. This design is intended to reduce age barriers, geographic limits and technology gaps that might otherwise restrict participation. Spellfire is going multichain, supporting multi-chain NFTs and enabling scenarios such as battles between NFTs from different blockchain networks. The game's economy revolves around limited edition NFT cards. Original NFT cards are issued in limited runs ranging from 1,000 copies for legendary cards to 100,000 for common cards. According to the project's own materials, original NFT card owners may be eligible for a share of passive income from subsequent card sales, with the project citing figures of up to 10x; such figures are project claims, not guarantees, and depend on continued card sales. Players can earn the native $Spellfire token through both passive card ownership and active gameplay.

What makes Spellfire unique and valuable?

Spellfire distinguishes itself through several innovative features. The project describes its hand-held NFT collection — physical cards that can be stored in a drawer while, per the project, generating passive income — as the first of its kind. The project bridges card fan generations by moving time-tested concepts into the future while maintaining realism. The integration of physical, digital, and augmented realities creates a unique gaming ecosystem where cards have both tangible and virtual value. The QR code system ensures that physical cards remain connected to their digital identities, providing traceability and upgradeability. Original NFT cards are issued in limited quantities ranging from 1,000 copies for legendary cards to 100,000 for common cards, ensuring scarcity and collector value. Unlike comparable NFTs that offer little to no value to long-term holders, Spellfire NFT cards allow the community to earn revenue through passive card ownership or active gameplay. The project traces its roots to a collectible card game first published in 1994, and the team presents this history as a differentiator.

What is Spellfire used for?

The $Spellfire token serves as the essential native currency within the game's ecosystem. Players can earn $Spellfire tokens through active gameplay, creating a Play-2-Earn model that rewards participation. Token holders can also generate passive income through card ownership, as original NFT card owners are eligible to earn returns from subsequent card sales. The Spellfire shop for physical cards provides a destination for players to acquire, trade, and expand their collections, with access to a diverse array of cards. The digital card market offers a dynamic platform for trading, collecting, and strategizing in a virtual space. Additionally, the $Spellfire token facilitates community engagement through the project's news and social platform, which serves as a hub for updates, strategic discussions, and interactive engagement. The token is integral to the game's economy, enabling transactions, rewards, and ecosystem participation.

How Is the Spellfire ecosystem developing?

The Spellfire ecosystem continues to develop across multiple dimensions. The project states it is moving toward multichain NFTs, aiming to be one of the first to support multi-chain NFTs. The ecosystem includes a physical card shop, a digital card market, and a news and social platform for players. Community engagement remains a priority, with active presence on Twitter, Discord, and Telegram. Public sources list nine backers, including lead investors DAO Maker and Shima Capital; some data providers list additional participants. Public sales were conducted through multiple launchpads including Huobi Primelist, GameFi, and DAO Maker. The token distribution includes allocations for staking, treasury, Play to Earn rewards, team and advisors, and various funding rounds, with structured vesting schedules designed to support long-term ecosystem growth. On-chain data for the ERC-20 contract can be verified on Etherscan.

How to mine Spellfire?

Spellfire does not utilize traditional mining mechanisms, as it operates on the Ethereum blockchain using the ERC-20 token standard. Instead of mining, participants can earn $Spellfire tokens through staking and gameplay. The token distribution includes a specific allocation for staking, with a vesting schedule featuring 40.0% at token generation event, a 21-day cliff, and 2.0% monthly thereafter. Players can earn tokens through the Play-2-Earn model by actively participating in the game. Additionally, original NFT card owners can generate passive income from subsequent card sales, creating an alternative earning mechanism. The game's economy is designed to reward both active players and passive holders, with multiple pathways to accumulate $Spellfire tokens. The staking mechanism provides an opportunity for token holders to support the network while potentially earning rewards.

How to keep your Spellfire Coin safe?

Securing your Spellfire tokens requires adherence to established cryptocurrency security practices. Since SPELLFIRE is an ERC-20 token on the Ethereum network, it can be stored in any compatible Ethereum wallet. For long-term storage, hardware wallets provide the highest level of security by keeping private keys offline. Always verify contract addresses before executing transactions, and ensure you are interacting with the official Spellfire contract. Never share your private keys or seed phrases with anyone. Enable two-factor authentication on any exchange accounts used for trading. Be cautious of phishing attempts and unofficial links, verifying all information through official channels including the Spellfire website and verified social media accounts. When participating in the game or trading NFTs, use secure and reputable platforms. Regularly update your wallet software and devices to protect against known vulnerabilities. Consider using multiple wallets to separate holdings for different purposes, such as gameplay versus long-term storage.

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