Announcement from Binance
The world’s largest cryptocurrency exchange, Binance, announced yesterday (27th) that it will launch the 66th new coin mining project GUNZ (GUN) on its Launchpool. Users will be allowed to deposit BNB, FDUSD, and USDC into the GUN mining pool starting at 8:00 AM Taiwan time on March 28, 2025, to participate in a three-day new coin mining event.
(Background: $Red listed on Binance Launchpool for new coin mining; what are the features of the modular oracle RedStone?)
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Details of the GUN Mining Pool
According to Binance’s announcement, the details of the GUN mining pool are as follows:
- Token Name: GUNZ (GUN)
- Total Supply: 10 billion tokens
- Maximum Supply: 10 billion tokens
- Initial Circulating Supply: 604,500,000 GUN (6.05% of total supply)
- Launchpool Total: 400,000,000 GUN (4% of total supply)
- Restriction: KYC required
- Individual Hourly Mining Cap: 1) BNB Pool: 444,444 GUN; 2) FDUSD Pool: 55,555 GUN; 3) USDC Pool: 55,555 GUN
Note: For instructions on how to participate in Binance Launchpool, please refer to the complete tutorial on Binance’s “New Coin Mining.”
What is GUNZ?
GUNZ is a Layer 1 blockchain specifically designed for gaming, built on the Avalanche subnet. Its main features and components include:
- Ownership of Player Assets: GUNZ allows players to convert in-game items (such as weapons, characters, decorations, etc.) into NFTs, achieving true ownership, which can be traded in the in-game market or other markets.
- Optionality: Blockchain elements are completely optional, allowing players to choose not to participate in NFT trading and purely enjoy the game.
- Token: The official token of the GUNZ platform is GUN, with a total supply of 10 billion tokens.
Who is Gunzilla Games?
The developer of GUNZ is Gunzilla Games, a AAA game studio. Founded in 2020 by Vlad Korolev and Alexander Zoll, both of whom developed “Warface,” a game that set the world record for the most concurrent players, with over 150 million players globally.
The Gunzilla Games team consists of approximately 335 members, with backgrounds from renowned companies and projects such as Ubisoft, EA, HBO, and “Call of Duty.” Additionally, on March 26, 2025, Gunzilla Games acquired the gaming media outlet Game Informer from GameStop and announced its revival.
Currently, based on GUNZ, Gunzilla Games has launched a free third-person perspective cyberpunk-style battle royale game called Off The Grid (OTG), which will enter early access on October 8, 2024, supporting PC (via Epic Games Store), PS5, and Xbox Series X|S. However, due to Steam’s ban on cryptocurrency and NFT-related games, Off The Grid will not be available on Steam.
Uses of the GUN Token
- In-game Transactions: Players can use GUN to purchase in-game items such as weapons and cybernetic enhancements.
- NFT Trading: GUN is the primary trading currency in the GUNZ marketplace, allowing players to buy and sell NFTs of in-game items.
- Player Rewards: Players earn GUN tokens by completing in-game tasks.
- Subscription Services: GUN can be used to extend the OTG Pro subscription for “Off The Grid,” a premium service allowing players to sell their in-game items.
- Validator Rewards: Validators earn GUN tokens by verifying the NFT conversion process of in-game items and receive commissions on each NFT transaction.
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