SpeedThrone (SPEED) is making waves in GameFi circles with a bold attempt to blend high-octane racing gameplay with web3 token economies. If you’ve been poking around the latest Initial DEX Offering (IDO) launches, chances are this one has caught your eye too. With a flashy IDO launch across four notable platforms and some eyebrow-raising ROI swings, the SpeedThrone IDO is a case study in both hype and high expectations.
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What is SpeedThrone (SPEED)?
SpeedThrone is a next-gen, Unreal Engine 5 racing game built on the Ethereum blockchain. Unlike your typical play-to-earn setups, this one emphasizes high-performance gaming that can actually compete with traditional titles—graphics, physics, all of it. But here’s the hook: it folds in NFT car ownership, upgrading mechanics, and a native utility token—SPEED—that drives everything from customization to tournament staking. It’s GameFi, but with horsepower.
As of April 2025, SPEED trades around $0.00102, a dramatic drop from its $0.034 IDO price. On paper, the return on investment sits at a disappointing 0.03x, down 97%. But it did pump early in its life cycle: SpeedThrone topped out at over 12.5x its listing price in its all-time-high moment. This sort of volatility is par for the course in crypto presales, especially in the gaming vertical where hype and utility don’t always launch simultaneously.
SpeedThrone IDO Overview – Dates, Platforms, and Tokenomics
The SpeedThrone IDO was a multi-platform event, spanning from February to March 2025 across DAO Maker, Dappad+, Spores Network, and Ordify.
Each IDO offered SPEED at $0.034 per token, raising a combined total of $1.01 million. The DAO Maker launch stood out with a refundable model and netted the largest raise at $510K. Initial circulating supply was 24 million SPEED, pegging its initial market cap at $300,000. That’s lean enough to attract early speculators, especially those who jump on crypto presales looking for quick ROI flips.
Here’s the catch—while the token’s current ROI has cratered, the vesting mechanics (20% unlocked at TGE and over 2 months of linear vesting) could be suppressing secondary market demand as early buyers unload their allocations.
SPEED Tokenomics and Network
SPEED lives on the Ethereum blockchain and has a full token supply of 300 million. The token fuels everything within the SpeedThrone ecosystem—gameplay upgrades, NFT minting, esports tournament entry, and a lot more. That utility pipeline lays solid groundwork for long-term value, assuming game adoption grows.
But investors need to keep an eye on future unlocks. With only 8% of the total supply in initial circulation, any major unlock could further pressure price unless matched by strong user demand or exchange listings.
Still, the fact that it used Ethereum for both native token and SHO token deployment reinforces security and accessibility. That’s a plus in the eyes of smart money looking for well-audited infrastructures.
How to Buy SPEED via IDO Participation
While the IDO itself wrapped up by late March 2025, understanding how people participated can be useful for evaluating future ICO benefits and risks.
Users joined through IDO launchpads like DAO Maker, Spores Network, Dappad+, and Ordify. Most required whitelisting and KYC, with DAO Maker offering a 3-day refund period—a rather unusual level of investor protection.
Participation required USDT or sometimes native tokens of the launchpads and usually came with investment minimums of $100–$200. Refundable IDOs (like DAO Maker) are gaining traction as a way to lower investor risk exposure, and SpeedThrone keyed into that trend.
Is SPEED Still a Good Buy After the IDO?
It depends on your investment angle. If you believe in the long-term vision of web3 gaming and think SpeedThrone has the potential to carve out a niche among racing esports titles, then SPEED’s current price could actually represent undervaluation. You’re essentially buying at a 97% discount from the IDO offering, which is rare this soon after launch.
However, game development is expensive and time-consuming. SPEED needs sustained updates, player adoption, and compelling in-game monetization to justify its economic design. ICO benefits and risks are heavily skewed toward timing and roadmap execution, especially when evaluating GameFi.
What Investors Should Watch Next
There are a few things I’d watch closely:
- Whether SpeedThrone secures any strategic partnerships or gaming guild integrations in the next quarter.
- How the team navigates token unlock phases and secondary market liquidity.
- If there’s any post-launch user growth or NFT sales activity to warrant deeper ecosystem engagement.
So, while the ride so far’s been bumpy, this isn’t a wreck yet. GameFi projects tend to take longer than other verticals to mature, and SpeedThrone may still have some gas left in the tank.
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By keeping things human, grounded in data, and centered around investor insight, this review gives both beginners and veterans a clearer picture of what the SpeedThrone IDO delivered—and where it might head next.
