Description of the Project

Pentagon Games is a pioneering platform that leverages Web3, AI, and XR Metaverse technologies to revolutionize game development, distribution, and experiences. By integrating advanced AI and blockchain technologies, the platform offers immersive 3D environments designed for creativity, engagement, and meaningful social interactions. Accessible on any device—desktop, mobile, or VR—Pentagon Games empowers users to explore, play, and own unique digital experiences.

Tokenomics

The platform utilizes the $PEN token within its ecosystem, enabling users to participate in various activities, including staking, gaming, and accessing exclusive content. The total supply of $PEN is 1 billion tokens, with the following allocation:

  • Ecosystem: 25%
  • Treasury: 24.3%
  • Core Contributors & Advisors: 22%
  • Private Rounds: 20.9%
  • Liquidity (DEX & CEX): 6%
  • Public Sale (IDO): 1.8%

The token distribution includes a 25% release at the Token Generation Event (TGE), followed by a four-month monthly vesting schedule.

Underlying Technology

Pentagon Games operates a zero-knowledge Ethereum Virtual Machine (zkEVM) compatible chain, focusing on scalability, security, and innovation. This next-generation blockchain network is powered by the ZK Stack, secured by Ethereum, and dedicated to mainstream adoption of DeFi, SocialFi, and Web3 gaming.

Network Compatibility

As an official Polygon Validator, Pentagon Games supports multiple blockchains, including running validators for various chains to provide ongoing rewards to a new user base, driving cross-chain interoperability and adoption.

Market Status of $PEN Token

As of January 13, 2025, the $PEN token is trading at approximately $0.0498, with a 24-hour trading volume of around $1.36 million. The circulating supply is about 47 million tokens, resulting in a market capitalization of approximately $2.35 million. The token has experienced a decline from its all-time high of $0.08585 on December 20, 2024.

Investors

Pentagon Games has garnered support from top-tier investors, including:

  • Binance Labs
  • Animoca Brands
  • Polygon Studios
  • The Spartan Group
  • Yield Guild Games (YGG)
  • Republic
  • NFX

These investments underscore the project's potential in the evolving Web3 gaming landscape.

Development Status

Pentagon Games has achieved several milestones:

  • Pegasus Startup Worldcup Dubai Winner: In April 2024, the project won the Pegasus Startup Worldcup in Dubai and represented the city in the finale in San Francisco.
  • CryptoKnights TV Show Feature: Scheduled to be featured on the CryptoKnights TV show in early 2025, with an expected viewership of 100 million worldwide.
  • MVP of Interactive Platform: A demo of the Interactive Platform offering high-fidelity visuals accessible via a browser is available.
  • PentaPets Mini-Game: Achieved over 1.5 million monthly active users and over 2.5 million total users on Telegram.
  • Ecosystem Games: Multiple high-potential ecosystem games are in alpha, with some released on Steam Early Access and others on the Steam wishlist.
  • Collaborations: Partnered with BNB Chain, Tron, Polygon, Avalanche, and over 13 other major chains.

Technological and Innovative Potential

By addressing the challenges of Web3 adoption and immersive content distribution, Pentagon Games creates an accessible, economically sound, and visually captivating platform that bridges the gap between Web2 and Web3. The platform's use of advanced tools like Unreal Engine 5.4 within Unity WebXR delivers high-quality visual effects accessible directly through standard browsers, removing barriers to entry and enabling mass adoption.

References