LOOMI is a native token of a play-to-earn NFT game called Creepz. Launched in September 2021, the game relies on multi-character mechanics which means that players decide their strategy, risk, and rewards themselves.
The company standing behind the project and the LOOMI token is called Creepz-Games. The team of the project aims to bring together honest values, a hyper-focused mission, and a community. Their key goal is to covert Creepz into a globally recognized brand.
The characters operating in the game are lizards, the cold-blooded Creepz that came to invade the Earth, with Overlord, which is a mutant lizard, leading them. Users acquire Creepz’s and play their roles within the game. There are six breeds of lizards with different strengths and skills that are directly related to their LOOMI yield. Users’ task is to collect them all, upgrade their army and master the invasion.
To help users enter the Creepz ecosystem, the platform offers mystery boxes. They are open to the public and give an opportunity to mint or create an Enemy Lizard race by collecting 3 shards out of the mystery boxes. There are 5 membership tiers for people of different skills and purposes including socialites, graphic design professionals, VIP members, anonymous users, and those who are simply fond of making new acquaintances.
LOOMI is the utility token of the Creepz ecosystem built on the Ethereum blockchain. The first token trade took place on January 21, 2022. LOOMI can be obtained only within the Creepz ecosystem and it cannot be purchased directly from Creepz developers. The number of tokens is not limited.
LOOMI can be used in the game to purchase future drops, items, characters, and Creepz NFTs. Also, players can trade LOOMI on an open market. At the time of writing LOOMI is only listed on Uniswap V3 and ZT Global being traded against ETH. To prevent users that seek fast profits from selling the token, a 25% penalty for withdrawing LOOMI has been implemented. If you withdraw your in-game coins to ERC20 LOOMI you will need to re-deposit them before you can use them within the ecosystem again. Besides, the in-game LOOMI can be used to upgrade your lizard army and increase your yield, so it makes sense to accumulate the coins while playing.
Staking gives users a possibility to accumulate even more Loomi, earn new art, and upgrade the membership ranks. If you stake without a Creepz you will not yield. Staking NFTs allows players to receive up to 600 LOOMI coins a day. All staked Creepz will earn twice the amount of the daily LOOMI yield for the first 48 hours of the start of the staking game. 6 reptile colors and types allow you to earn from 1,500 to 2,500 LOOMI coins a day. LOOMI holders get rewards relevant to their ranking. In addition, receiving enough ranking points enables users to create their own lizards with unique traits and increase their earnings further.
The Creepz ecosystem
Creepz has a multi-drop ecosystem that consists of Loomi Vault, reptile armory, Creepz Shapeshifters, Mega Shapeshifters, and Genesis Creepz, the LOOMI token, invasion pass, and the community.
Creepz represent the centerpiece of the Creepz Universe. Each Genesis Creepz grants holders 1 free 3D Creepz. However, to be able to obtain them users must hold 1 invasion pass per Genesis Creepz as they both act as two keys to claiming each 3D Creepz. There are 11,000+ reptiles on Ethereum, Polygon, and Klaytn blockchains to choose from. Creepz NFTs may accumulate LOOMI tokens when they are staked in a smart contract. With Genesis Creepz, players can earn a minimum yield of 1500 LOOMI a day.
Shapeshifters are the Overlord’s loyal disciples who keep order on earth. Creepz Shapeshifter collector cards feature a group of famous people like Donald Trump and Elon Musk recreated in Creepz art. This collection contains 7 characters of different rarity with 5 variations available. Users need to assemble all 5 variations of one character and burn them, i.e. give them to the Overlord so that he mutates them into a Mega Shapeshifter. The minting earnings with Shapeshifters start at 10,000 LOOMI.
Creepz Mega Shapeshifters, or mega-rare animated NFTs, are the Overlord’s bribe collectors mutated out of 5 Shapeshifters. Players can collect them to claim LOOMI bribes from Genesis Creepz. At the time of writing, the platform provides 3,300+ animated items for sale with ETH, each having different properties.
The reptile armory collection includes almost 20,000 high-tech interstellar gizmos to upgrade the user’s army during the invasion. However, players have to stake Creepz to be able to buy new gizmos. The first 3 you mint will cost 3000 LOOMI. After that, for every reptile armory, you will have to pay 1000 LOOMI more. Besides, each armory piece can be auto stacked to earn 600 LOOMI a day. The more armory you add the higher is your yield.
Loomi Vault is an intergalactic invasion fund that gives users a private vault in the Overlord’s bank and allows them to receive daily dividends of 500 LOOMI. The vault offers about 5,000 items for sale.
The invasion pass is an ERC-1155 VIP passport to the Creepz ecosystem that opens access to all kinds of in-game experiences and perks. In addition, pairing a pass with each of the user’s Creepz Genesis gives them the same amount of 3D Creepz when they are released. However, they do not allow to claim a 2D Genesis Creepz.
Creepz’ team and partners
Creepz has not revealed any information related to the team or officials behind the project while only their pseudonyms are publicly revealed. Dom3 and jo3car or Sharkbait are the founders of Creepz as they operate from London, Psychrome is their artist, Krishan and Vik are engineers. Augminted Labs, Vondoom.ETH, Josh Ong, Cryptojack are the team’s blockchain advisors.