- Lepricon remains in business irrespective of the current market conditions
- Lepricon will transition to a DAO
- Community members will be invited to join the council
- The Hypercasual gaming platform and the peer-to-peer prediction platform, FansPredict, will move into their own legal entities to enable equity plays to fuel their growth
Before going into any details, please note the following. Lepricon is not going anywhere, we are not closing down, and we will weather the storm ahead in what is undoubtedly now a full-on bear market.
However, we are making some significant changes to position us for growth and to enable us to focus on utility for L3P.
The primary change is that we are taking the necessary steps to move Lepricon towards DAO status. These actions will, in time, place the entire token infrastructure and associated activities such as staking and some elements of the tokenomics under the control of a council which represents the will of community members, i.e. token holders.
Team members will no longer have executive positions in Lepricon. Stephen Browne and Joshua Galloway, the founders, will retain their co-founder titles and begin new roles as council members. Phil Ingram, the CEO, will transition to a council member. We will invite community members to join the Council.
Meanwhile, the commercial side of our operations will transfer to our Hong Kong company, Super Ultra, formerly known as Shamrock Studios. Building upon the development lessons learned for Lepricon, Super Ultra will focus on building the always-planned hypercasual gaming platform with a focus on asynchronous PVP play. The important thing about this platform is that the use of blockchain will not be to attract new players but instead adapted as a rewards and retention mechanism, opening up opportunities for more mainstream access to the game.
FansPredict will also exist as its own company as a subsidiary of Super Ultra. This is because it is a very different business from the PVP platform and will attract different types of partners and potential investors.
Having each value proposition in a separate legal entity enables us to seek equity partners to accelerate the growth of both products. They will remain connected, however, as both Super Ultra and FansPredict will use L3P as their primary in-game token.
In short, Lepricon, reorganised as a DAO, will oversee L3P and all associated token functions such as staking. Super Ultra is the hypercasual game platform, and FansPredict is the peer-to-peer prediction platform. L3P will be the primary token for all, and all will be part of the same group of companies.
We will share more information in time as we progress. We are here for the long term. It’s going to be a very uncomfortable few months, and we expect market conditions to worsen. We will cut back on marketing and PR for the token.
If you have any questions, please ask them on our Telegram or Discord channels.
Lepricon is reimagining the possibilities for entertainment through blockchain technology and is focused on building environments that champion a players-first economy. We believe in the power of social entertainment and are working to create innovative ecosystems that transform everyday lives.
For further information, please visit https://www.lepricon.io.