RisingSun Is Becoming Samurai Legends!
Tags: Cryptocurrency, Gamefi, Playtoearn, Binance Smart Chain, Nft

RisingSun ($RSUN) launched in July 2021 as a community-focused buyback token. Since then, we’ve grown tremendously as a project and a community. The release of Samurai Rising and Samurai Lands cemented our transformation into a fully-fledged GameFi ecosystem. We’ve had our ups and downs, yet have loved every moment and can’t wait for what the future holds.

To come through on our December promise to take our project to the next level, we’re relaunching as Samurai Legends! Crypto Gaming United (CGU) has recently committed to onboarding 25,000 players and funding our project significantly! We believe this fresh image and significant backing will bring us to new heights. None of our products or goals are going anywhere, and neither are we.

It’s easy to forget that $RSUN didn’t launch as a play-to-earn token. As a result, $RSUN’s current tokenomics pose significant risks and challenges for the sustainability of our ecosystem. For example, most GameFi projects launch with approximately 50% of the supply allocated to rewards, while RisingSun launched with 0%. For this reason, we’re migrating $RSUN to a new primary token called Samurai Legends ($SMG). This migration ensures that our project can support a massive player base and thrive for years to come.

You can deposit your $RSUN and $INF tokens to withdraw $SMG later via the migration dashboard: https://migrate.risingsun.finance/

We’ve planned the migration for weeks to prepare for a smooth and successful transition. Exchange rates have been fixed at 1 $SMG for 100 $RSUN and 1 $SMG for 12.5 $INF (8 $RSUN =1 $INF). It is no longer be possible to buy or sell $RSUN. Migration will remain possible at any time.

January will see an extensive marketing campaign for the launch of Samurai Legends. In late January, we will launch on multiple IDOs with full backing from CGU. It is worth reiterating that we truly believe this relaunch will take our project to new heights. We want to thank everyone who stuck with us and believed in us as a team. We can’t wait for the good times ahead! Please refer to the FAQ below for any unanswered questions.

Frequently Asked Questions

What happens to my $RSUN and $INF tokens?

You can deposit your $RSUN and $INF in the migration dashboard. When Samurai Legends launches, you will receive $SMG equivalent to your deposited amount +10%. The USD value of 1 $SMG will be determined when $RSUN buys are blocked. Thus, your $RSUN value will be set at that time +10%.

Are my tokens ($RSUN, $INF) and NFTs safe?

Yes. All assets will retain their value throughout the migration process. $RSUN and $INF are the only assets that require user attention via the migration dashboard.

How do I receive my $SMG tokens?

You can receive your $SMG tokens using the migration dashboard. $SMG has a vesting period of 1 month, with more tokens becoming available to claim every hour. This means that you will be able to claim your total amount one month after relaunch.

Why are $RSUN buys & sells blocked?

We have blocked $RSUN buys & sells to avoid confusion and ensure the best relaunch possible.

Can I still earn $INF playing SamuraiRising?

Yes, although the ability to swap $INF to $RSUN will be disabled. This means that players cannot cash out $INF from December 31st until the launch of Samurai Legends. $INF earnings can be deposited in the migration dashboard to receive $SMG at any time.

Can I still purchase land NFTs and recruit samurai?

Yes. We will temporarily remove the $RSUN cost for land NFTs and samurai recruitment. The additional costs will be temporarily increased to account for the removed $RSUN.

What happens to my staked $RSUN/$INF tokens?

$RSUN energy staking and $INF reward multiplier staking have its one-week withdrawal period set to 0. $RSUN solo staking cannot be unlocked until the original period ends but can be swapped for $SMG once unlocked on the migration dashboard.

Can I still earn while waiting for the relaunch?

Yes. You can still play SamuraiRising and earn $INF during the relaunch process.

What does this mean for managers and scholars?

Samurai Rising players won’t be able to sell their $INF earnings from December 31st until the Samurai Legends relaunch in late January. Instead, players can deposit their earnings into the migration dashboard and receive $SMG tokens. See this article for full instructions for managers.

When is the relaunch?

We are aiming to relaunch at the end of January on multiple IDOs. Stay tuned for more information on how to participate in the pre-sale.

What are the tokenomics for $SMG?

You can read a complete overview of $SMG’s tokenomics and distribution here.

What will happen to NFT reflections for generals?

With no buy or sell taxes, generals will lose $BUSD reflections. Instead, we’re committing to making generals a prominent part of Samurai Lands. They’ll receive a significant bump in governance voting power in the short term.

Will Samurai Legends have a dual-token economy?

Yes. Like RisingSun, Samurai Legends will have a dual-token economy with $SMG and a new side token called $KOKU. It will launch alongside $SMG and will be revealed in future posts.

Is the project staying on Binance Smart Chain?

Yes. We have considered different chains but believe that GameFi projects have a bright future ahead on Binance Smart Chain.

What will happen to BananaKatana?

BananaKatana will remain playable, but rewards have ceased from today onward.

Will the roadmap change?

With the additional backing that this relaunch brings, we can fully commit to our ideal roadmap and double down on our goal to become a mainstay of the GameFi space.

Wen special crates?

We’ve heard your cries! Special crate unboxing will be our top priority after a successful relaunch. In the meantime, special crates will contribute to energy as a tier 1 samurai card.