Introduction
The gaming sector in the blockchain industry continues to play a significant role in the global blockchain industry, as it’s currently valued at $154.46 billion and expected to grow to $614.91 billion in 2030.
Because of the massive growth in the gaming blockchain sector, most gaming blockchain projects have gained a lot of attention and a recently launched token named Lumber has stood out as a new utility token designed to revolutionize the blockchain industry.
What is LUMBER and what is the history and background behind the Lumber project? Continue reading to find out.
What Is LumberJack
LumberJack is an endless game designed for earning income; it is a blockchain game built on the TON Chain and integrated with the Telegram social network to provide users with a different and easily accessible gaming experience without installing a special application.
With over two million users who are being paid through the TON network, LumberJack bridges the gap between virtual gameplay and real-world rewards.
LumberJack’s primary purpose is to enhance user engagement with their tree-cutting games and to empower players with tangible earnings at the same time. These games are played directly on the Telegram app, so there is no need to install any third-party app.
LumberJack is powered by a LUMBER token, which is used to operate the games, such as payment of users, as a transaction fee and entry fee for game challenges.
Background and History of LumberJack
LumberJack, the popular Play-To-Earn Telegram-based game known for its innovative internal economy, started in the second quarter of 2024. They began with their games on the Telegram platform and just a few weeks after the game began, they surpassed 1 million users.
In the same second quarter, they launched their LUMBER token and started getting listed on various exchange platforms.
Upon being launched, the token opened at approximately $0.00001140 and surged to around $0.00002000 within six hours, marking a 75% gain. After this initial spike, the price stabilized at around $0.00001934.
The token has a total circulating supply of 10 billion with great tokenomics, where a higher percentage is dedicated to the game token distribution and development.
The Price Change of LUMBER Token on CoinEx
The LUMBER token was listed on the CoinEx platform on July 26 and was immediately available for deposit, trading and withdrawal. Since being listed on July 26, the price has not changed significantly.
The lowest price of the token is $0.00007014 and the highest price is 0.0001963, which is almost a 300% increase since the launch of the LUMBER token.
One of the major factors currently influencing the LUMBER token price and will continue to impact the token’s price in the future is the adoption of the games by users, which is massively being participated by users due to the rise in users participating in play-to-earn games on the blockchain.
Just a few weeks after its launch, the LumberJack surpassed 1 million users and it’s currently over 2.2 million users with over 11,000 games played.
As more users continue to try this wonderful playing game experience on the Telegram app, this will be reflected positively in the price of the LUMBER token.
Overview
The LUMBER token has a total supply of 10 billion and 50% of the token distribution is for in-game token distribution, 9% of the token distribution is dedicated to staking, 6% is dedicated to bonus, 5% is dedicated to game development and another 5% dedicated to liquidity for Propfirm and the remaining are dedicated to marketing and the founders.
- Name: LUMBER
- Official link: https://lumberjack.live/
- White paper link: https://lumberjack.live/whitepaper.pdf
- Explorer: https://tonscan.org/address/EQC8_V9e7PwZNZC858kz1tGzDYy5kZhpue9MMO04DWGx1HT-
- Total supply: 10 billion
- Contract address: EQC8_V9e7PwZNZC858kz1tGzDYy5kZhpue9MMO04DWGx1HT-
- Telegram: LumberJack_games
- Supported CEX: CoinEx, Biconomy
- Supported DEX: Uniswap
- Convenient for users to know in time: https://www.coinex.com/en/info/LUMBER
- This article does not constitute investment advice.
About CoinEx
Established in 2017, CoinEx is a global cryptocurrency exchange committed to making trading easier. The platform provides a range of services, including spot and margin trading, futures, swaps, automated market maker (AMM) and financial management services for over 5 million users across 200+ countries and regions. Founded with the initial intention of creating an equal and respectful cryptocurrency environment, CoinEx is dedicated to dismantling traditional finance barriers by offering easy-to-use products and services to make crypto trading accessible for everyone.
