It’s been far too long since we’ve shared a community update. It’s not for lack of wanting to provide an update, it’s more for the desire to share a better update and working to exhaust all possible solutions behind the scenes before sharing this specific update.
When we started StadiaX it was with a vision to provide users with a new type of gaming experience. One that was different from anything else out there. One that allowed users to make in-game purchases with lasting value, that could be used across multiple gaming titles and that could be withdrawn and traded or sold freely in a way that simply doesn’t exist in today’s gaming environments; certainly not in the way we’d envisioned.
We worked for over a year both behind the scenes and in public trying to raise funds to bring this vision to reality. We reached deep into our own pockets to try and extend the possibility of securing funding to bring this platform to reality and give gamers as well as game developers a new, better, more transparent and fair gaming experience. One that rewards users for their gaming talents while providing them with the option to exit the ecosystem at their discretion. We wanted to allow users more flexibility with their in-game purchases and at the same time provide game developers the ability to participate in this new gaming paradigm with minimal barriers to entry and an ease in introducing new titles or expanding the value of their existing catalogs.
We’re deeply grateful for the StadiaX community that’s formed in support of this vision. Whether it was through our Earn Alliance campaigns, learning about us through partners, participating in Zealy quests or simply testing the initial games we were intending to launch on the platform and sharing your feedback on Discord and other social channels- we’re deeply thankful for the enthusiasm and passion everyone in the community has shown for the platform.
Unfortunately, whether it be due to a misalignment with the market desires or simply bringing the idea to market at the wrong time, we’ve been unable to raise the funding required to continue this journey despite the team’s enduring commitment to realize this vision. Now, over extended and out of options we’ve had to make the difficult decision to wind down the StadiaX initiative.
This is not a decision we’ve arrived at lightly. We’ve explored every possible option to keep the initiative alive from grants to private investors, angel investors, launchpads and even the public token sale. However, as sometimes happens with startups- more often than not- we’ve been unable to secure the fuel required to continue the journey.
We will be winding down the StadiaX over the next two weeks. This includes issuing refunds to all participants of the public token sale. For those that have participated in the public sale we again thank you for your support and contribution towards making the StadiaX platform a reality.
We will be refunding all purchases of the public token to the wallet addresses from which they were initially paid and in the same token type in which they were paid by or before October 17th, 2024.
That means if you paid in MATIC, you’ll get MATIC back; if you paid in USDT you’ll get that back, all on the same chain from which you initially paid. Following the completion of the refunds we will post a public ledger of all refunds to close this chapter in our decentralized adventures in the most fair and transparent way possible.
We again extend our gratitude to all who’ve participated in trying to bring StadiaX to life and thank you for your time, your passion, and your unending support of an idea we all wish we’d been able to take further.
We will continue to keep the Discord server live as the central hub for informing the community as the refunds are completed and the ledger posted.
We will post the ledger both to Discord, our blog and to IPFS; so that even after the blog is gone the proof of our fair and transparent wind down of the platform can live on forever in the caches of IPFS. It’s been difficult to acknowledge this as the end result of our hard work and the work of the community but our passion for decentralized technology and blockchain in general lives on. I’m sure we’ll cross paths again in the greater decentralized ecosystem and wish nothing but the best for everyone who’s supported us on this journey.
We’ll post an additional update regarding the completion of the refund and the public ledger of refund transactions as soon as it’s completed – by or before October 17th, 2024.
The team is forever grateful to those who’ve supported us in trying to make this a reality. We look forward to future adventures and hope to see you all again soon elsewhere in the larger blockchain ecosystem.
Many thanks and forever grateful,
Dan and the entire StadiaX team