TaleCraft PriceCRAFTInactive

What is TaleCraft (CRAFT)?

TaleCraft is a gaming and metaverse project built on the Avalanche blockchain, positioned as the first crafting game on Avalanche. It is a PVP, play-to-earn card board game driven by a unique mint-and-craft mechanic, where players grow more powerful through gamified NFT alchemy. The project combines non-fungible tokens, GameFi, and play-to-earn elements within a medieval game setting, allowing users to explore an immersive gaming metaverse and utilize crafted NFTs for various in-game activities.

The core of TaleCraft revolves around a crafting system where players combine elemental cards to mint new NFTs. The game features 160 initial alchemist card types spread across five tiers: stone, iron, silver, gold, and philosopher's stone. Only four main elemental cards — Air, Water, Earth, and Fire — are made available on a weekly basis through the Alchemist's Chest system, while all remaining cards must be crafted by users. The native token, CRAFT, also referred to as the Philosopher's Stone, powers the entire ecosystem, with a fixed total supply of 30 million tokens that is not mintable.

TaleCraft launched in 2021, with ICODrops listing its launch date as November 27, 2021. The project raised a total of $3.33 million across seven completed rounds according to ICODrops, and in January 2022, an announcement confirmed that Avalanche had invested in TaleCraft.

Key Specifications & Tokenomics

• Name: TaleCraft
• Ticker/Symbol: CRAFT
• Blockchain: Avalanche
• Contract Address: 0x8ae8be25c23833e0a01aa200403e826f611f9cd2
• Category: Gaming, Metaverse, Avalanche Ecosystem, GameFi, Non-Fungible Tokens (NFT), Play-to-earn
• Total Supply: 30,000,000 CRAFT
• Max Supply: 30,000,000 CRAFT
• Self-Reported Circulating Supply: 6,000,000 CRAFT (20%)
• CertiK Rating: 3.2
• Unified Cryptoasset ID (UCID): 13871
• Official Website: https://talecraft.io/
• Whitepaper: https://www.cryptocompare.com/media/39838373/talecraft-whitepaper.pdf

The token distribution includes allocations for seed, private, strategic, and public rounds, along with portions reserved for the team, marketing, liquidity, advisors, staking, partnerships, operations, play-to-earn, and ecosystem development. The public round was priced at $0.28 with a 35% token generation event unlock and 5% weekly vesting thereafter. The seed round was priced at $0.2 with a three-month cliff and 5.28% monthly vesting after the first month. The total raise reported by Chain Broker stands at $2.58 million.

Who created TaleCraft?

Detailed public information about the founding team and individual creators of TaleCraft is currently limited. The project's development and strategic direction are supported by a group of backers and investors rather than a widely publicized founding team. According to Chain Broker, TaleCraft has eight backers, including 8MC Ventures (Muhabbit), Dutch Crypto Investors, ZBS Capital, Kangaroo Capital, Maven Capital, AVentures, ExNetwork Capital, and Oriole Ventures. These investment groups have participated in varying numbers of investment rounds, with ExNetwork Capital recording six investments and ZBS Capital recording four.

The project conducted public sales through Avalaunch with a $900,000 hard cap on November 23, 2021, and through Roco Finance Starter with a $150,000 hard cap on November 22, 2021. In January 2022, an official announcement stated that Avalanche had invested in TaleCraft, lending further credibility to the project within the Avalanche ecosystem.

How does TaleCraft work?

TaleCraft operates through a crafting system that incorporates a burn mechanism. Players place two main cards on the crafting table, and the crafting process consumes those cards along with a craft fee. The minimum craft fee is 1 CRAFT per craft, and the two cards used in the process are sent to a burn address. A new card is minted as a result of each craft. Different crafts have varying durations and fees depending on the tier of the card being produced, and users can perform multiple crafts simultaneously.

The Alchemist's Chest system serves as the primary distribution method for the four main elemental cards. Each week, 10,000 chests are put on sale, with a maximum purchase right of 200 chests per buyer. Each chest is purchased with 10 CRAFT plus a 0.1 AVAX fee and operates on a first-come, first-served basis. Of the 10,000 chests, 2,500 contain water, 2,500 contain fire, 2,500 contain earth, and 2,500 contain air, giving the chest a randomized structure. Starting December 3rd, 10,000 chests were sold per week, with a total of 300,000 chests sold over 30 weeks.

The deflationary structure of TaleCraft is driven by the burning of cards used in each crafting process. Because the total supply of CRAFT is capped at 30 million and is not mintable, the token itself maintains a fixed maximum supply. All NFT holders receive AVAX yield generated by the game ecosystem, rewarding loyal and skilled holders.

What makes TaleCraft unique and valuable?

TaleCraft distinguishes itself through its combination of NFT alchemy, a deflationary crafting mechanism, and a play-to-earn card board game model built natively on Avalanche. The crafting system requires players to burn cards to create new ones, creating scarcity and a deflationary pressure within the NFT ecosystem. The tiered card structure — stone, iron, silver, gold, and philosopher's stone — provides a progression path that rewards skill and strategic decision-making.

The weekly Alchemist's Chest sales introduce a controlled supply mechanism for the four elemental base cards, ensuring that only a limited number of new cards enter circulation each week. This design encourages competition among players and supports the value of existing NFTs. The integration of AVAX yield distribution to NFT holders further aligns the interests of players and long-term holders, as those who remain active and skilled in the game are rewarded with yield generated by the ecosystem.

The project's backing from Avalanche and a diverse group of venture capital firms adds a layer of credibility. The CertiK rating of 3.2 provides an additional reference point for security assessment. The limited total supply of 30 million CRAFT tokens, combined with the burn mechanics in crafting, positions TaleCraft as a project with a deflationary token and NFT model.

What is TaleCraft used for?

The CRAFT token serves multiple functions within the TaleCraft ecosystem. Its primary use is the purchase of Alchemist's Chests, which cost 10 CRAFT plus a 0.1 AVAX fee. These chests contain the four main elemental cards — Air, Water, Earth, and Fire — that are essential for minting new cards through the crafting system. Without these elemental base cards, players cannot participate in the core crafting gameplay.

CRAFT is also used to pay craft fees, with a minimum of 1 CRAFT required for each crafting operation. Since crafting is the primary method for producing new cards beyond the four main elements, the token is integral to the in-game economy. Additionally, according to the whitepaper, the token permits users to play games using NFT tokens, tying the utility token directly to gameplay access and participation.

Beyond gameplay, the token supports the broader ecosystem through staking, liquidity provision, and partnership initiatives as outlined in the vesting and distribution schedule. NFT holders receive AVAX yield generated by the game ecosystem, creating an additional layer of value for participants who hold and use their crafted NFTs within the medieval metaverse.

How Is the TaleCraft ecosystem developing?

TaleCraft launched its medieval NFT gaming metaverse on November 11, 2021, with the promise that users would be able to explore a medieval game setting and utilize crafted NFTs for different in-game activities. The Alchemist's Chest sales began on December 3rd, with 10,000 chests sold per week over a 30-week period, totaling 300,000 chests. This structured rollout provided a steady supply of elemental cards to support the crafting economy.

The project achieved several listing milestones in late 2021 and early 2022, including listings on Bybit in December 2021, MEXC in December 2021, and Gate in January 2022. In January 2022, Avalanche announced an investment in TaleCraft, and the project also facilitated a private sale for Heroes of NFT. Throughout early 2022, TaleCraft appeared in multiple Chain Broker rankings, including top projects with market cap under $5 million and top Avalanche projects with market cap under $10 million.

The ecosystem includes several key components designed to support long-term development: the crafting system, floor price mechanisms, a competitive marketing system, weekly Alchemist Chests, a burn and reward system, a liquidity system, a limited supply calculator and guideline, a special marketplace, an artist package, a platform, and a crafter pool. These components work together to create a self-sustaining in-game economy with deflationary characteristics.

How to mine TaleCraft?

TaleCraft is not a mineable cryptocurrency in the traditional proof-of-work sense. The CRAFT token has a fixed total supply of 30 million and is not mintable, meaning no new tokens can be created through mining. Instead, participants acquire CRAFT through token sales, market purchases, or by participating in the ecosystem's staking and liquidity programs.

Staking is one of the token distribution categories, with 5% unlocked at the token generation event and 4.75% vesting monthly thereafter. This suggests that staking mechanisms are part of the ecosystem's design, allowing token holders to potentially earn rewards by locking their CRAFT tokens. The play-to-earn category also has a vesting schedule, with 0% at TGE, a six-month cliff, and 10% monthly vesting, indicating that gameplay participation is a pathway to earning tokens within the ecosystem.

NFT holders receive AVAX yield generated by the game ecosystem, which functions as a reward mechanism for active participants. The crafting system itself requires the burning of cards and the payment of CRAFT fees, creating a deflationary dynamic rather than an inflationary mining process. Users who wish to obtain CRAFT can do so through supported trading markets, including CRAFT/AVAX pairs on decentralized exchanges within the Avalanche ecosystem.

How to keep your TaleCraft Coin safe?

Keeping CRAFT tokens safe begins with using a secure wallet that supports Avalanche-based assets. Since CRAFT is an Avalanche token with the contract address 0x8ae8be25c23833e0a01aa200403e826f611f9cd2, users should verify this address when adding the token to any wallet or interacting with decentralized applications. Hardware wallets provide an additional layer of security by storing private keys offline, protecting against online threats such as phishing and malware.

Users should exercise caution when interacting with smart contracts, especially in gaming and NFT ecosystems where crafting and chest purchases require token approvals. Reviewing contract permissions and revoking unnecessary approvals can reduce exposure to potential vulnerabilities. The CertiK rating of 3.2 provides a security reference point, but users should conduct their own research and remain vigilant about the risks inherent in early-stage gaming and metaverse projects.

For long-term storage, it is advisable to use wallets that are compatible with the Avalanche network and to keep recovery phrases and private keys confidential and backed up in secure offline locations. Participating in the ecosystem through official channels, such as the TaleCraft website and verified community platforms, helps avoid counterfeit tokens and fraudulent schemes. As with any cryptocurrency investment, users should only commit funds they can afford to lose and stay informed about project developments and security best practices.