Should we invest 5000 USDC into Exilir Games?

CitCap has opened up a new investment opportunity for NT that has shorter vesting terms. TGE is in April w/ 6 months vesting so it's possible to see returns on this deal pretty quickly if the project does well at launch.

Should we invest 5000 USDC into this deal for Exilir Games?

1. Yes
2. No

Info on deal from CitCap:

"👽 Grand Rising Citizens! @CitCapPings

We are excited to announce the next Investment opportunity coming to the Citizen Capital V3 platform in Elixir Games🎮

🗒️ OPPORTUNITY SUMMARY

Elixir Games is setting a new standard in the Web3 gaming industry by creating a comprehensive platform that streamlines the gaming experience, making it more accessible and enjoyable for players globally.

A Unified Ecosystem

With its innovative multichain non-custodial 2.5 wallets, Elixir eliminates the complexity of managing different blockchain assets, offering sponsored gas fees and removing the need for traditional seed phrases. The integration of account abstraction (ERC-4337) allows for the creation of wallets through a simple social login, enhancing security without compromising user convenience.

Making Payment Easy

To address the challenge of complex payments in Web3, Elixir introduces a seamless payment system that supports both fiat and cryptocurrency, enabling straightforward in-game purchases and NFT transactions directly within games. This system is designed to be as user-friendly as traditional online shopping, extending its reach to over 190 countries with robust anti-fraud and compliance measures in place.

Nurturing Engagement and Longevity

Beyond simplifying transactions, Elixir is committed to fostering a vibrant gaming community. Through its launchpad, the platform offers early investment opportunities in promising Web3 games, curated by a dedicated team. The gaming experience is further enriched by a season pass that unlocks exclusive content, tournaments, and quests, alongside a loyalty program that rewards players for their engagement and achievements with various perks, including the platform's native token, $ELIX

Elixir Games is poised to transform Web3 gaming by offering a unified, secure, and engaging platform, backed by the support of major gaming giants, making it a pioneering force in the industry.

💵 DEAL TERMS

This deal is a SAFT Agreement $33M FDV 10% at TGE, NO cliff, 6 month linear vesting $0.033 price per token This is custom, shorter vesting and a higher TGE unlock solely for NeoTokyo 🔥

🎟️ Ticket size: $500k

TGE scheduled for 8th April 2024

🪙 INVESTORS Square Enix GameStop Ryze Labs Big Brain Holdings Shima Capital OP Crypto Ten31

🐂 BULLISH

• Innovative Solutions: Elixir Games is one of few gaming companies bringing unique, innovative solutions to the longstanding challenges in the web3 space, strategically positioning themselves within the rapidly growing market.
• Growth Potential: Elixir games have already facilitated partnerships with many of the biggest gaming networks to facilitate integrations and wide-spread adoptability and accessibility from the early days of the company lifecycle.
• One-stop solution: Taking a larger than the rest approach, Elixir games is focused on creating a one-stop solution for all things gaming. By offering products and services covering numerous areas of gaming, the company is setting their sights on becoming a titan in the gaming industry.
• Token Integration: $ELIX being a multi-faceted utility token sits at the heart of the Elixir games economy enabling the innovative mechanisms wrapped around a comprehensive framework design to support and sustain the growth of the ecosystem.
• Market Timing: Launching amidst rising interest in crypto gaming positions, with immense market support behind them
• Community Engagement: Active engagement on social platforms like
• Twitter/X and Discord, along with monthly updates, reflects a strong community presence.

❓ We will also be hosting an AMA on twitter spaces with the Elixir Games team on Monday prior to the raise (TBA)

⏰ Investment goes live: Monday, February 26, 2024 11:00 AM

⚠️ Investment in pending phase: Monday, February 26, 2024 5:00 AM

📖 Sublime RR: https://cdn.basedvc.fund/research/elixir/ResearchReport.pdf

📒 Deck: https://pitch.com/v/citcap-6i2dy5"