CRETA Announces Token Debut on Coins.ph Cryptocurrency Exchange on July 8

NEXT-GENERATION gaming entertainment platform CRETA announced on Thursday that its token is scheduled to debut on the local cryptocurrency exchange Coins.ph on July 8.

CRETA, a next-generation gaming entertainment platform, announced on Thursday that its token will debut on the local cryptocurrency exchange Coins.ph on July 8.

The announcement was made during CRETA’s launch event in Taguig City, where Ray Eiichiro Nakazato, the platform’s chief creative officer, highlighted the importance of being listed on "a major crypto exchange in the Philippines."

"CRETA token is a utility token, so all the services we provide within the CRETA platform, you’re going to have to use CRETA token. It is a utility token within the CRETA ecosystem," Mr. Nakazato said.

The CRETA token will also be listed on the Philippine Digital Asset Exchange platform, Mr. Nakazato added, though he did not specify a date.

Officially launching on Thursday, CRETA offers a gaming experience on a decentralized metaverse platform where both gamers and professional game studios can offer Web3 games and new gaming services.

Headquartered in Dubai, CRETA integrates Share to Earn, merging user video sharing platforms with Play to Earn and Create to Earn functionalities.

CRETA also leverages Locus Chain blockchain technology, ensuring the platform is cost-effective and sustainable. It comes with a proprietary game creation engine that allows users to create their own games, and to publish and distribute their creations as non-fungible tokens.

Mr. Nakazato said that CRETA chose the Philippines for the launch as it is an "emerging market."

"For emerging markets like the Philippines, people and industry are more open to new ideas and new systems. We can try out a lot of new things here. We decided to launch beta testing in Southeast Asia first, then get feedback from users before we go into the mature markets," he said.

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