Elderglade: A GameFi Project Combining Match-3 Gameplay with Blockchain Economy
On May 27, 2025, Binance Wallet announced Elderglade (ELDE) as the next token generation event (TGE) project, drawing significant attention in the GameFi sector. Developed by blockchain game studio W3Forge, Elderglade is a chain game combining casual match-3 mechanics with PvPvE combat, centered around the ELDE token that drives the in-game economic cycle. Since launching a test version on Telegram in October 2024, the game has surpassed 2 million users and reached a TVL of $30 million, becoming one of the fastest-growing projects in the Mini Dapp ecosystem on social platforms.
This Token Insights article delves into the technical architecture of the Elderglade token, its market performance, and its potential to innovate in the GameFi space.
Key Details of the ELDE Token Generation Event (TGE)
The TGE will take place on May 27, 2025, from 16:00 to 18:00 (UTC+8) via Binance Wallet, and is limited to users holding Binance Alpha Points. While the exact points threshold has not been disclosed, based on recent TGE events (e.g., Puffverse PFVS), it is estimated that at least 50–100 points are required.
Token Allocation Mechanism:
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Initial Circulating Supply: Undisclosed (industry norm is 10%–20% of total supply);
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Additional Incentive Pool: 16 million ELDE reserved for future trading competitions, community airdrops, etc.;
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Multichain Deployment: ELDE is issued on Ethereum mainnet, with future expansion to the Base chain to reduce gas fees.
Based on comparable project valuation models (e.g., Puffverse PFVS’s price-to-sales ratio of 8.2x), ELDE’s listing price may fall within the $0.12–$0.18 range.
Technical Innovation and Market Positioning
Elderglade’s technical architecture centers on two core designs:
Dynamic AI-Generated Maps
Using machine learning algorithms to generate real-time game scenes, bound to NFT land ownership. Players can buy or lease land NFTs to earn revenue, currently averaging 0.15 ETH with a weekly trading volume of 840 ETH.
Dual-Track Economic Model
On-chain token ELDE is used for core asset transactions, while an off-chain points system lowers the entry barrier for newcomers. Players earn rewards through match-3 rankings and NFT staking, with the current staking APY reaching 215%.
In terms of market positioning, Elderglade targets casual players, offering differentiated competition compared to grind-heavy games like StepN and Axie Infinity. According to DappRadar, its average user retention rate exceeds 45%, significantly higher than the industry average of 28%.
Potential Risks and Industry Challenges
Despite rapid growth, Elderglade faces three major challenges:
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Smart Contract Risk: Full audit reports have not been published; similar GameFi projects experienced an average of 1.2 attacks in 2024;
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Token Inflation Pressure: ELDE’s annual inflation rate is 18%, and if user growth slows, selling pressure could increase;
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Regulatory Uncertainty: The U.S. SEC is investigating the “off-chain points + token” model, which could classify ELDE as an unregistered security.
Additionally, during Ethereum mainnet congestion, cross-chain transfers to Base can take 15–30 minutes, potentially impacting real-time trading experiences. Investors can monitor contract security and fund flows in real time via JuCoin’s on-chain tools.
The Future of GameFi Development
The Elderglade TGE event highlights three major trends in the GameFi sector:
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Social Virality Driven Growth: Leveraging platforms like Telegram and LINE, customer acquisition costs are only one-third of traditional games;
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Hybrid Economic Design: Off-chain points balance regulatory compliance with token incentives, attracting non-crypto-native users;
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AIGC Integration: AI-generated content enhances gameplay and reduces development costs.
If ELDE is successfully listed on Binance spot and maintains its TVL growth rate, it could drive more casual games to adopt tokenized economies. In the long run, cross-chain interoperability (e.g., support for Solana, TON) will be key to GameFi expansion.
Neason Oliver
