Dear Crabadians,

It has been 4 days since the last update was announced and we apologize for keeping you waiting.

Huge fundamental pieces are currently being planned for change with careful consideration to the impacts these changes will have on the overall Crabada ecosystem. This is due to the intricate nature of how assets are tightly interwoven within the ecosystem.

These changes to Crabada’s foundational design are being looked at with the core concepts of longevity and sustainability in mind, in order to build toward a long-term future that all Crabadians can ever-so-excitedly look forward to, and enjoy together.

We would like to thank you from the bottom of our hearts for being here in our journey together, and believing in us even through the toughest of times.

Key Highlights:

• Igniting a Fire Under Sea ($TUS Burns)
• Economic Updates — The Road to Rejuvenation
• Community Updates — Extra Extra!

Igniting a Fire Under Sea ($TUS Burns)

458,434,102 $TUS Burnt

A total of 458,434,102 $TUS (33.65% of Total Supply incl. Materials) has been burnt from Breeding Fees and Network Fees.

Total Supply BEFORE burn: ~1,362,123,091 $TUS (incl. Materials)

Total Supply AFTER burn: ~903,688,989 $TUS (incl. Materials)

Breeding Fees on Avalanche C-Chain (86,670,250 $TUS burnt)

Fees up till 20 May, 7:00 AM UTC (Breeding on C-Chain has been discontinued)

• All Breeding Fees that were left on Avalanche C-Chain have been burnt
• The Breeding feature has been discontinued on C-Chain, so there will not be any further Breeding Fee burns taking place on C-Chain in the future

Burn Txn Hash:
https://snowtrace.io/tx/0xe5d451c6eb0ea59909f52a6889b48d828e64d683eeb0898f781edc10da6fbe1f

Breeding Fees on Swimmer Network (360,994,998 $TUS burnt)

• All Breeding Fees that have been collected on Swimmer Network since the start have been burnt

Burn Txn Hash:
https://avascan.info/blockchain/swimmer/tx/0x48df30061bd269ddc674cba9f9678dcb2447bb9cccc271ebcb88c9d250cb2304

Total Breeding Fees burnt across Avalanche C-Chain and Swimmer Network: 447,665,248 $TUS

Network Fees

From the launch of Swimmer Network up till 27 May 2022, a total of 11,965,394 $TUS was collected in Network Fees.

The “claim” function was triggered on 27 May 2022 to distribute Network Fees as follows:

50% — Burn (5,982,697 $TUS burnt)

50% of Network Fees are automatically burnt on every “claim” transaction. “Claims” transactions will be done weekly moving forward.

Burn Txn Hash: https://avascan.info/blockchain/swimmer/tx/0x3a0f9fb96a13fee470581e1bbbaff488d8bcb14050f50c9323d063ea1d374410

40% — Validators (4,786,157 $TUS burnt)

40% of fees are to be distributed to Validators.

Currently, all nodes are Crabada bootstrapped nodes, so all the $TUS that was portioned for Validators in this week’s “claim” have been burnt instead.

Burn Txn Hash: https://avascan.info/blockchain/swimmer/tx/0xb22a5c1b10aec739f4a79cea8b7eae41575d95d138dab10e7a1ae227d9b71db8

Validators partners will begin to join Swimmer Network in a staggered manner over the coming week.

10% — Ecosystem (1,196,539 $TUS)

10% of fees will be set aside for future ecosystem growth. These fees are distributed automatically during the “claim” transaction.

Swimmer Ecosystem Wallet Address: 0x39406dd874c580234b0a056f52c62b6f14679a1b

Total burn for Swimmer Network Fees: 10,768,854 $TUS

Economic Updates — The Road to Rejuvenation

We will be covering some of the planned upcoming changes, and also share ideas around what some of the designs were initially set out to achieve.

1. Further reduction of Idle-Game rewards (1 June 2022, 7:00 AM UTC)

The Idle-Game $TUS rewards were previously reduced by 30% on 22 May 2022.

The reduction in Idle-Game rewards are an active step towards managing the amount of TUS emitted on a day-to-day basis, as well as ushering players that are still on the Idle-Game to the try out the Battle Game, with the enhanced experience that it offers.

Crabada’s 7-Day Average for Daily Active Users (DAU)

In the past week, the number of players that have started their Adventure in the Battle Game have increased by 52.24%, to a 7-day average of 3,404 players per day!

Inflation % based on data from CrabadaTracker

The Idle-Game emissions have had a significant ~52% decrease in the last 7 days, dropping from a 7-day average from ~35.3M TUS/day to ~16.7M TUS/day.

We will be further implementing a 30% reduction (of the original rewards) to the Idle-Game rewards. This second reduction will be effective 1 June 2022, 7:00 AM UTC.

2. Removal of $CRA from Battle Game Rewards (1 June 2022, 7:00 AM UTC)

This was already shared in a previous announcement, and effective 1 June 2022, 7:00 AM UTC, $CRA will no longer be emitted as part of Battle Game rewards.

3. Update to the Breeding Formula (1 June 2022, 7:00 AM UTC)

As part of the transition toward Economy v2, we will be making the following adjustments to Breeding:

Instead of 105 $CRA that is required for every breed, 4,200 $TUS will be used instead.

The data on this new Breeding Formula will be monitored and further adjustments will be made as necessary.

4. Replacement of $CRAM utility with $TUS

$CRAM was designed to be the third token of a tri-token model, providing players with in-game benefits and convenience that were being planned further down the roadmap as the game and ecosystem matured. $CRAM would only be emitted from $CRA Staking, or only bought using $TUS.

Since $CRA was designed to be a governance token and had more appeal toward investors, $CRAM as emissions would be obtained from $CRA staking rewards and sold to players who wanted to experience Crabada with additional in-game benefits (speeding up of Battles within the Battle Game).

Unfortunately, due to changes in the macro environment and other factors, we were unable to fully realize our plans in accordance to our expectations, leaving us unable to showcase our long-term vision for $CRAM in the ecosystem.

What happens to $CRAM and its holders?

$CRAM is still available as a spending option temporarily as spending options in $TUS are introduced.

Support for spending $CRAM will be gradually phased out over time.

To support this transition period, both options of spending in either $TUS or $CRAM will be temporarily made available to:

• Add Sub-Account for Battle Game (68,250 $TUS)
• Add Crabada Slots on Main/Sub-Account for Battle Game (12,500 $TUS)
• Lucky Draw v2 (Planned for End June — Early July)

Swapping $TUS to get $CRAM still requires $CRA to be staked in the current $CRA staking contract.

31 May 2022

• Deposits to $CRA staking contract have been paused after Block 15384400 (C-Chain)

5 June 2022

• New option to spend $TUS to add Sub-Accounts or Crabada Slots in the Battle Game

7 June 2022

• $CRAM stops accruing to $CRA in staking contract
• Adding Team Slots for Idle Game to use $TUS instead of $CRAM

21 June 2022

• Launch interim $CRA staking program
• Support withdrawal of $CRA from legacy $CRA staking contract without unstaking period

End June

• Launch Lucky Draw v2 with options to spend in either $CRAM or $TUS

TBD

• Discontinue support for spending $CRAM on Sub-Accounts or Crabada Slots in the Battle Game.

Community Updates — Extra Extra!

New Community Managers (ACV and Shincat)

We have been receiving a lot of feedback on the subject of communication from the team, to the members of our community.

Our ongoing efforts to try and strengthen the team in the community department have finally paid off. In order to bolster the strength of our community through consistent communication, we’ve had the pleasure of onboarding not 1, but 2 Community Managers; both who have had a wealth of experience in community management and building!

We are proud to announce the latest additions to the team, our new Community Managers, ACV and Shincat!

ACV and Shincat will be working hand in hand with the beloved Crabadian community to foster a vibrant and positive environment for all Crabadians, new and old! With that, please give them your warmest welcomes!

Crabada’s Community AMA (3 June 2022)

The next Community AMA will happen on 3 June 2022, at 3:00 PM UTC on the Crabada Discord! Join us in discussion as we talk about our plans moving forward.

Upcoming Crabada Events

We have tons of exciting news, announcements and events coming up so hang tight, and keep up-to-date via our social channels*!

• Friend v Friend Battle Game Update
• Swimmer Network Ecosystem Grants

*Links to all official social channels can be found at the end of the article.

About Crabada

Treasures (Under Sea) of undiscovered past await daring adventurers who seek the future. Mine, Loot, Breed, Battle! Will you be the one to take the place as King of the Crabada? Or will you sow the seeds of discord across the land? The world is your oyster. Soon, they will tremble when they hear your name.

Crabada is an exciting play-and-earn idle game based in a world filled with fierce fighting Hermit-Crabs called Crabada (the NFTs). Players will rediscover the prosperous ancient kingdom of Crabada and earn rewards through activities such as mining, looting, breeding, battling, exploring, crafting, and more!

Explore rich new lands across the Ocean as you march sideways into an immersive idle gaming experience! Are you ready, Adventurer?

Website | Telegram (Discussion) | Telegram (Announcements) | Discord | Twitter | Whitepaper | Medium

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