ArenaX Labs, building AI Arena, has announced key details on the upcoming launch of its Neuron ($NRN) token. This significant development marks a new chapter in the integration of AI and blockchain, aiming to foster a dynamic web3 ecosystem. The Token Generation Event (TGE) registration is now live. In this article, we will cover everything you need to know about ArenaX Labs, their web3 game AI Arena, and the upcoming neuron $NRN token on Arbitrum.

AI Arena Launching Neuron $NRN Token on Arbitrum

Who are ArenaX Labs?

ArenaX Labs is the innovative studio responsible for AI Arena - a PvP platform fighter that combines gaming, AI education, and NFTs. The team recently secured $6 million in its latest funding round. Framework Ventures led the latest round, with participation from SevenX Ventures, FunPlus/Xterio, and Moore Strategic Ventures. 

ArenaX Labs' mission is rooted in educating people about artificial intelligence (AI) and inspiring them to become AI developers. Founded in 2018 by Brandon Da Silva, Dylan Pereira, and Wei Xie, the company initially focused on indie games. However, the discovery of NFTs in 2020 led to a realization that AI could be wrapped in NFTs, leading to the inception of AI Arena.

ArenaX Labs Logo and Roadmap

What is AI Arena?

AI Arena is a unique blend of a platform fighter akin to Super Smash Bros. and an AI training ground. The game allows players to purchase, train, and battle AI-enabled NFT characters in intense PvP matches. The ultimate goal is to climb the global leaderboard, showcasing one's AI training skills and earning rewards in native tokens called Neurons or $NRN.

The game utilizes imitation learning, where AI characters learn skills by observing human actions. Players can assess their AI's abilities through the "AI Inspector" and strategically train them to improve weaknesses. The autonomous AI battles create engaging video content, adding an extra layer of excitement for players.

AI Arena Art and Characters

Key Details of the Neuron Token Launch

TGE Timeline

The registration period for the $NRN TGE spans from June 12th to June 19th. During this timeframe, participants can verify their eligibility and check their $NRN balance via the AI Arena portal.

Participants need to register within this period to claim their tokens during the Claiming Period, the date of which will be announced later. AI Arena stresses the importance of avoiding scam links by using only official channels for information, such as AI Arena's X (formerly Twitter) social media account and Discord server.

AI Arena X (formerly Twitter) Account

Registration Process

AI Arena has categorized eligible wallets into two cohorts, each with specific registration procedures based on a proprietary scoring system designed to ensure a secure and fair process.

• Cohort 1: Wallets scoring above the threshold can register and claim their tokens directly from the AI Arena portal. Instructions will be available once the portal goes live.
• Cohort 2: Wallets scoring below the threshold must register and claim their tokens through ByBit, a cryptocurrency exchange platform. This requires a KYC-verified ByBit account. Participants need to connect to the AI Arena portal, enter their ByBit UID, and complete KYC verification if necessary. Only main account UIDs from KYC-verified ByBit accounts will be eligible for $NRN claims, ensuring compliance with security protocols.

Geographic Restrictions

To comply with relevant sanctions and securities regulations, AI Arena has imposed geographic restrictions. Residents of certain regions, including the USA and Canada, are prohibited from claiming $NRN tokens. Participants must verify their eligibility based on their geographic location and adhere to ByBit's terms and conditions.

ArenaX Labs: Change The Game. Change The World.

Economic Design of the $NRN Token

Utility: The $NRN token is integral to the AI Arena ecosystem, serving multiple roles such as a medium of exchange, staking, and governance. Users can access premium AI-driven features and services using $NRN, stake tokens to earn rewards, and participate in platform governance through voting rights.

Distribution: The token distribution strategy ensures fairness and widespread adoption. A portion of the tokens is allocated to early supporters and contributors, with public distribution phases designed to allow broad participation while adhering to regulatory standards.

Governance: AI Arena's governance model empowers $NRN holders to propose and vote on platform changes. By staking $NRN, users can earn rewards and gain voting rights, ensuring that those with a vested interest in the platform have a voice in its development. This decentralized governance approach promotes transparency and community involvement.

Neuron $NRN Token Allocation

Tokenomics and Eligibility

Official Ticker $NRN

Initially planned as $N, the ticker was changed back to $NRN to align with exchange partners' technical requirements. This change aligns with AI Arena's broader vision and commitment to leading the AI gaming revolution. The token will be on the Arbitrum blockchain.

Tokenomics

The $NRN tokenomics are designed to promote long-term engagement and stability within the AI Arena ecosystem. Key aspects include:

• Community Allocation: 30% of the total $NRN supply is allocated to the community, with the emission rate based on in-game economy factors.
• Vesting for Core Contributors and Investors: Tokens are locked for one year and then vest linearly over 24 months.
• TGE Allocation: 8% of the total $NRN supply is allocated for the TGE claim, rewarding early participants and active community members.

AI Arena Fight Scene

Vesting and Unlock Schedule

The vesting and unlock schedule for $NRN tokens ensures a balanced release into the market. The schedule includes:

• Investors and Contributors: Tokens are locked for one year, followed by linear vesting over 24 months.
• Ecosystem: Includes a 1.9% unlock at TGE, followed by linear vesting over 36 months.
• Community: An 8% unlock at TGE, with future unlocks dependent on the game economy's performance.

Neuron $NRN Token Vesting and Unlock

Eligibility for TGE Participation

AI Arena has implemented measures to reward genuine users who adhered to campaign rules. Out of hundreds of thousands of wallets, 28,683 qualified for the TGE claim.

These campaigns included:

• Season 1 of the $N Prize Box System
• Gateway to Arena Play-2-Airdrop Campaign
• TGE Points Questing Campaign
• Other marketing, promotional activities, and special invitations

These measures ensure that active and engaged community members are prioritized in the TGE process. As the registration period for the $NRN TGE is now live, interested participants are encouraged to review the registration process and geographic restrictions to ensure compliance. This launch marks a transformative event in the web3 landscape, with AI Arena poised to lead the charge in AI-driven blockchain applications.