Bit Hotel, a play-to-earn NFT-based game that features a nostalgic 8-bit design will go live with its first-ever Initial Room Offering (IRO), in collaboration with Babylons, a next-gen NFT marketplace, starting Jan 19, 2022.
The new-age gaming industry is rapidly moving towards the decentralised model, with play-to-earn (P2E) games spearheading this transition. Bit Hotel (BTH) is the latest and upcoming game in this category, based on a social NFT platform, wherein players can indulge in various adventures in a 2D metaverse. The game created on the Binance Smart Chain (BSC) features a nostalgic 8-bit design, quite like Habbo Hotel, a popular old-school flash game.
It uses Bit Hotel token (BTH) as its in-game currency, which can be used to acquire native NFTs and/or participate in the game’s governance. The in-game NFTs consist different game-related items like furniture, characters, hotel rooms and more. Every hotel room can be used as a separate personal room where the owner can hang out, trade or simply chat with other players. Players can even participate in mini-games and earn token rewards in the process.
Bit Hotel rooms to go on sale starting Jan 19, 2022
The first room sale of Bit Hotel, dubbed as Initial Room Offering (IRO) will begin on Wednesday, Jan 19, 2022 at 12:00 UTC, in collaboration with Babylons, a next-gen NFT marketplace. The sale will feature NFT Rooms that will be dropped each day via multiple INO launch pads. There will be various hotel room types, including studio rooms, two-person rooms, family rooms, penthouse condos and suites on offer. The price range is expected to be between 200 BUSD (Binance USD) to 20,000 BUSD.
As per a recent update on Bit Hotel’s Medium page, half of these NFTs will be offered in BTH (at a 25% discount), with the token price calculated in real-time, based on the liquidity pool. The other half will be sold in BUSD. The entire process will happen on a first-come, first-serve basis.
To be whitelisted for this sale, players need to stake a minimum 300 BTH through NFTrade for a time period of 90 days. They can alternatively stake multiples of 300 BTH to get whitelisted earlier than that. If you are not familiar with NFT's, please see our guide here.
It should also be noted that these rooms will have different rarity levels, and corresponding staking multipliers. Owners will be able to earn multipliers on P2E mini games and room renting too.
To get latest updates on Bit Hotel sales, you should follow their multiple social channels