The SpeedThrone (SPEED) IDO caught serious buzz earlier this year, and honestly, who could blame the hype? A GameFi project raising over $1 million across multiple launchpads tends to make headlines in the Web3 crowd. But now that the dust from its Initial DEX Offering (IDO) has mostly settled, many are wondering: was SPEED all gas, no brakes—or could the token’s deep dip be a setup for its next lap in the crypto arena?
Contents
What Is SpeedThrone (SPEED)?
SpeedThrone is a blockchain-based motorsport racing game that combines hyper-real graphics and NFT integration with an earn-to-play model. It’s developed on Unreal Engine and designed to blend competitive gameplay and GameFi utility within the metaverse. Built on Ethereum, the project plans to provide asset ownership via in-game NFTs and user-controlled economies—capitalizing on both gaming loyalty and DeFi engagement.
Now for the token talk—SPEED is the project’s native token priced at $0.034 during its public sale. It launched across several top launchpads like DAO Maker, Dappad+, Spores Network, and Ordify between February and March 2025. Despite a promising start with an 1153% all-time-high ROI, it’s currently hovering at a steep 97% drop, now priced around $0.001. Harsh, yes—but GameFi veterans have seen these kinds of retraces before. Sometimes, it’s simply the prelude to a turnaround, depending on execution and community traction.
Inside the SpeedThrone IDO and Token Sale
The SPEED IDO raised just over $1 million in total across its initial offerings. The largest chunk—$510,000—was collected on DAO Maker between February 16 and 21, 2025. All IDO rounds priced SPEED tokens at $0.034, with an initial circulating supply of 24 million tokens, resulting in a $300,000 initial market cap—pretty standard in Web3 GameFi launches aiming for viral traction while keeping early access affordable.
One interesting twist? DAO Maker offered SPEED purchases with a refundable setup—buyers were allowed a 3-day refund window post-TGE. It’s a model that adds investor protection to this relatively risky sector of Initial Coin Offerings (ICOs) in crypto markets. Other IDO platforms like Spores, Dappad+, and Ordify completed their own allocations in March, rounding out fundraising with smaller $100K–$200K raises per platform.
Tokenomics and Vesting: The Breakdown
SPEED runs on Ethereum and follows what’s becoming a reliable GameFi playbook:
- Total token supply: 300,000,000
- Initial circulating supply: 24,000,000
- Token unlocks: 20% at TGE, with the remaining 80% released on a linear vesting schedule over two months
This vesting structure favors short-term liquidity without slamming the token price with a massive dump—but here’s the kicker: even with that smart schedule, SPEED’s market value didn’t hold. That could reflect a classic mismatch between investor expectations and current gameplay utility.
Still, SpeedThrone’s fundamentals (realistic gameplay engine, skill-based economy, Web3-native users) deserve acknowledgment. Early GameFi projects like Illuvium and STARL had similar downturns before their ecosystems matured—and SPEED might follow suit if it pushes out successful user acquisition and NFT integration.
Why SPEED’s ICO Matters for GameFi in 2025
Even with a current ROI of just 0.03x, the IDO’s initial ATH of over 12x shows appetite was there. The team now faces the typical post-IDO challenge: deliver a product that locks in user retention. If they roll out important gameplay milestones before Q3, we could see a reversal of investor sentiment.
What makes SPEED stand out (still)? Beyond the high-fidelity visual experience, the fact that it raised over $1M in a tough market for GameFi tells us backing exists—not just from individual contributors but from launchpads that screen entries.
For risk-aware investors exploring Initial Coin Offerings in high-volatility niches like GameFi or DeFi gaming, SPEED offers a case study: how traction, tech delivery, and transparent tokenomics can protect or expose a project’s reputation. For now, SPEED trades almost 97% below its IDO price—but patience, as we’ve seen before, sometimes pays off as projects settle into their cycles.
How to Get Involved Now
If you’re late to the IDO but still bullish, SPEED tokens are already on the market. Just be mindful that the project is early-stage—monitor utility releases, user metrics, and staking plans if announced. Participation-wise, purchase accessibility is open, though caution remains key with such volatile IDO tokens.
And remember: returns aside, GameFi isn’t just about flipping tokens. Long-term value sits at the intersection of game engagement, NFT adoption, and actual on-chain economies—not hype.
Whether you passed on the IDO or you’re patiently HODLing, SpeedThrone is still racing—just not at the front of the pack yet. Keep your eyes on the engine—this ride’s not over.
