Highstreet

Highstreet (HIGH) serves as the native token for a play-to-earn metaverse that merges decentralized commerce with virtual reality (VR). It seamlessly integrates physical and digital realms, offering a marketplace for redeeming virtual items with real-world products. This innovative approach allows users to explore the metaverse, fight monsters, complete quests, and acquire goods that have both digital and real-world utility. Highstreet is designed to redefine the retail experience, offering a secure, entertaining, and seamless way of making online purchases.

• Total Supply:

• 100,000,000 HIGH

• Circulating Supply:

• 50,365,992 HIGH (as of the latest update)

• Token Type:

• ERC20 for Ethereum and BEP-20 for Binance Smart Chain

• Allocation:

• Private Sales: 32.8%

• Play-to-Earn Rewards: 30%

• Ecosystem Reserve: 9.50%

• Treasury: 9.16%

• Team: 8.00%

• Marketing & Partnerships: 4.00%

• Public Sale: 2.50%

• Advisors: 2.00%

• Binance Launchpool: 1.00%

• Early Investors: 1.00%

• Vesting Schedule:

• Various vesting periods for different allocations, with some locked and some already unlocked.

As of today 23 November 2024, the price of Highstreet is ₹132.91 INR, with a 24-hour trading volume of 15774073.1 USD. The market capitalization for Highstreet is 104305185.41USD. The circulating supply is 68927991.29 Highstreet, with the total supply also being 100000000 Highstreet.

Pros:

• Innovative Utility:

• HIGH tokens can be used to purchase real-life products through in-game items, blending gaming with e-commerce.

• Governance:

• HIGH token holders can participate in governance decisions, influencing the platform's future direction.

• Play-to-Earn Model:

• Offers users the opportunity to earn through gameplay, enhancing engagement and investment returns.

• Strong Backing:

• Supported by notable investors like Binance Labs and Animoca Brands, indicating strong market confidence.

• VR Support:

• The integration of VR technology offers an immersive experience, setting it apart from many other platforms.

Cons:

• Market Volatility:

• As with all cryptocurrencies, HIGH tokens are subject to market fluctuations, which can affect investment value.

• Complexity for New Users:

• The blend of gaming, e-commerce, and cryptocurrency may be overwhelming for newcomers.

• Regulatory Risks:

• The evolving regulatory landscape for cryptocurrencies and NFTs could impact Highstreet's operations.

• Technical Risks:

• Dependence on blockchain and VR technology means any technical failures could disrupt the platform.

• Competition:

• The growing metaverse and play-to-earn sector means Highstreet faces stiff competition from other projects.

• Unique Ecosystem:

• Highstreet's blend of gaming, e-commerce, and VR offers a unique value proposition in the crypto space.

• Strong Partnerships:

• Collaborations with major brands and backing from leading crypto investors suggest a robust growth potential.

• Early Market Entry:

• Investing in HIGH tokens offers an early entry into the burgeoning metaverse and play-to-earn markets.

• Diverse Revenue Streams:

• The platform's multiple revenue streams through gaming, real estate, and e-commerce present a balanced investment.

• Community and Governance:

• Being a part of Highstreet's community offers governance rights, allowing investors to shape the platform's future.

• Phygital Products:

• Highstreet's focus on phygital (physical + digital) products is a unique approach, merging real-world utility with digital assets.

• Commerce-Centered Metaverse:

• Unlike many other metaverse projects, Highstreet is explicitly built around commerce, integrating shopping with gaming.

• VR Integration:

• The use of VR technology to enhance user experience in the metaverse sets Highstreet apart from platforms without immersive experiences.

Highstreet is addressing the gap between online shopping and gaming experiences by creating a unified platform where users can engage in an immersive metaverse while purchasing real products. It aims to solve the lack of real-world utility in digital assets and the separation between e-commerce and gaming communities.

Highstreet, initially LumiereVR, founded by Travis Wu and Jenny Guo, integrates gaming, e-commerce, and VR into a metaverse. Wu's software and blockchain expertise, alongside Guo's VR and digital arts experience, combine technical and creative visions. Supported by a team skilled in blockchain, VR, gaming, and marketing, Highstreet has partnered with industry giants like Binance Labs and Animoca Brands, making it a pioneering platform in VR and decentralized commerce.

• ICO Price:

• $1.00 USD per HIGH token

• Listing Date:

• The token first went live in October 2021.

• Initial Allocated Units:

• 1,000,000 HIGH tokens were allocated for the ICO phase.

• Emerging Market Risks:

• The metaverse and play-to-earn markets are still developing, with uncertain long-term prospects.

• Technical Glitches:

• Any disruptions in blockchain or VR technology could negatively impact the platform and token value.

• Competition:

• The rapid growth of the metaverse sector means Highstreet must continuously innovate to stay ahead.

• Liquidity Risk:

• Depending on market conditions, there may be times when it's difficult to buy or sell HIGH tokens without affecting the price.

• Regulatory Changes:

• Potential regulatory crackdowns on cryptocurrencies and NFTs could pose risks to Highstreet's operations.

The Highstreet whitepaper outlines the project's vision to merge the worlds of gaming, e-commerce, and virtual reality into a cohesive metaverse experience. At its core, Highstreet aims to redefine retail by allowing users to purchase real products as in-game items, thereby creating a new category of phygital products. This approach not only enhances the gaming experience by adding real-world value to virtual items but also opens up new avenues for brands to engage with consumers in the digital space.

Highstreet's ecosystem is powered by the HIGH token, which serves multiple functions within the platform. It acts as a currency for transactions, a governance token allowing holders to vote on key decisions, and a means to earn rewards through play-to-earn mechanisms and property ownership within the metaverse. The platform also introduces a secondary token, STREET, which is used for in-game transactions, further integrating the gaming and commerce aspects of the metaverse.

The whitepaper details the tokenomics of HIGH, including its total supply, allocation, and vesting schedules, ensuring transparency and fairness in its distribution. It also addresses the technical architecture of Highstreet, highlighting its use of blockchain technology to secure transactions and ownership of digital assets, as well as its integration of VR technology to provide an immersive user experience.

Highstreet's market strategy focuses on partnerships with brands and influencers to create exclusive phygital products, driving user engagement and platform growth. The project's roadmap outlines the development of its metaverse, including land sales, brand collaborations, and the expansion of its gaming and commerce features.

In conclusion, the Highstreet whitepaper presents a comprehensive vision for a commerce-centered metaverse that bridges the gap between digital and physical worlds. By leveraging blockchain and VR technology, Highstreet aims to create a unique ecosystem where gaming, shopping, and digital asset ownership converge, offering users a new dimension of online interaction and commerce.