SMCW Token Value Calculator
Calculate Your SMCW Token Loss
The SMCW token from the Space Misfits airdrop lost 99.1% of its value. Calculate how much your tokens are worth today.
Airdrop Value (March 2022)
At $0.160 per token
Current Value (2024)
At $0.0015 per token
The SMCW airdrop by Space Misfits promised free tokens to players who joined a space-themed blockchain game. It sounded like a classic Play-to-Earn opportunity: explore the cosmos, mine asteroids, build ships, and earn real crypto. But today, that airdrop is long gone - and so is the value of the token it gave away.
What Was the SMCW Airdrop?
The Space Misfits CROWN (SMCW) airdrop was a two-part token distribution meant to kickstart the game’s economy. In total, $21,000 worth of CROWN tokens were handed out. Half of that - $5,000 - went to 500 randomly selected participants who signed up. The other $16,000 was split across weekly in-game events, giving $4,000 per week to players who actually played the game. This wasn’t just a random giveaway. The project tried to reward real activity, not just hype. If you weren’t mining asteroids or fighting NPCs, you didn’t get much. That’s unusual for an airdrop - most just hand out tokens to anyone with a wallet. Space Misfits wanted players, not speculators. But here’s the catch: the game never really worked.The Game That Never Took Off
Space Misfits was built on the Enjin blockchain, promising NFT-powered spaceships, fuel systems, and a marketplace for trading minerals. Players could mine asteroids, repair ships, and trade resources using two tokens: CROWN (the premium currency and governance token) and BITS (a secondary in-game token). The game had two modes: PVE (Player vs Environment) for solo exploration and mining, and a planned multiplayer mode that never materialized. According to early testers, the game was stuck in a "very simple alpha version that is in testing." No updates. No fixes. No new features. By mid-2022, the community had already stopped talking about it. No Discord activity. No Twitter updates. No new patches. The website went quiet. The airdrop ended. And the token? It started dying.The Token’s Collapse
The SMCW token launched in March 2022 with an IDO price of $0.160. At its peak, it hit a 4.54x return - a nice win for early buyers. But that didn’t last. By late 2023, the token had crashed to $0.0015. That’s a 99.1% drop from its original price. Today, it’s effectively worthless. No exchanges list it. No wallets show meaningful volume. Even the project’s own dashboard for staking CROWN tokens vanished. The tokenomics were complex. Public investors got 25% of their tokens at launch, then 25% every 30 days. Seed investors got only 5% upfront, then 10% per quarter. But none of that mattered once the game stopped working. Tokens need utility. Without a functioning game, CROWN had no purpose.
Why Did Space Misfits Fail?
It wasn’t just bad luck. It was a classic case of a crypto project built on hype, not substance. First, the team overpromised. They talked about DAO governance, NFT ships, and a thriving economy - but never delivered a playable product. The alpha version was too basic to attract or retain players. Second, they didn’t adapt. When the Play-to-Earn boom faded in 2022, most successful projects pivoted - adding better graphics, real gameplay, or community rewards. Space Misfits stayed frozen. Third, the market turned. Thousands of similar games launched in 2021-2022. Most failed. Space Misfits was one of them. It ranked #83 among Play-to-Earn games - not terrible at launch - but without traction, it slipped into obscurity.What Happened to the Airdrop Winners?
The 500 random winners got $10 worth of CROWN each. Those who played weekly got more - maybe $50 to $100 each, depending on how long they stayed. But here’s the truth: even if you won, you lost. The tokens you earned are now worth less than a dollar. You didn’t make money. You got a digital trophy that no one wants. Some tried to sell their tokens on decentralized exchanges. No buyers. Others held, hoping for a comeback. Nothing happened. The project’s GitHub went silent. Its Medium blog stopped updating. Even the team’s social media accounts disappeared.
Is There Any Hope for SMCW?
No. There are no signs of revival. No new team members. No whitepaper updates. No community polls. No rebranding. The last major update was in 2022. The project is dead. Crypto projects don’t always die loudly. Sometimes they just fade. Space Misfits didn’t get hacked. It didn’t get shut down by regulators. It just ran out of steam. The team disappeared. The players left. The token went to zero.What You Can Learn From This
This isn’t just a story about one failed game. It’s a warning. Airdrops can look like free money. But if the project behind them doesn’t deliver real value, you’re not getting rich - you’re getting a digital collectible with no use. Ask yourself before joining any airdrop:- Is there a working product, or just a website and a whitepaper?
- Are people actually using the game or token - or just talking about it?
- Has the team shown consistent updates for more than 6 months?
- Is the token tied to real in-game utility, or just speculation?
Where Is Space Misfits Now?
You can still find the old website. The token still exists on some blockchains. But there’s no community. No support. No development. The SMCW airdrop is a relic. A snapshot of a moment when crypto gaming promised the moon - and delivered dust. If you’re looking for a Play-to-Earn game today, look at projects with active players, regular updates, and real gameplay. Not ones with empty wallets and silent teams. The lesson isn’t that airdrops are bad. It’s that you have to look deeper than the free tokens. The real value isn’t in what’s given - it’s in what’s built.Was the SMCW airdrop real?
Yes, the SMCW airdrop was real. It was conducted in 2022 by the Space Misfits team, distributing $21,000 worth of CROWN tokens. $5,000 went to 500 random sign-ups, and $16,000 was distributed to active players in weekly in-game events. However, the airdrop is now closed, and the project has been inactive since late 2022.
Can I still claim SMCW tokens from the airdrop?
No, you cannot claim SMCW tokens anymore. The airdrop campaign ended in 2022, and the project’s official platforms no longer accept registrations or submissions. Even if you participated back then, the tokens you received are now worth nearly nothing due to the token’s collapse.
Why did the SMCW token crash so hard?
The SMCW token crashed because the Space Misfits game never became playable or engaging. Without real users or utility, the token had no demand. The project raised $1.01 million but failed to deliver a working product. By 2023, the token had lost 99.1% of its value, dropping from $0.160 to under $0.0015. No updates, no community, no future - just a dead project.
Was Space Misfits a scam?
It wasn’t a scam in the traditional sense - no evidence suggests the team stole funds or lied about the blockchain tech. But it was a classic case of overpromising and underdelivering. They built a vision no one could use. They raised money, launched a token, and then vanished. That’s not fraud - it’s abandonment.
Are there any active alternatives to Space Misfits today?
Yes. Projects like Star Atlas, Alien Worlds, and Illuvium still have active player bases and ongoing development. Unlike Space Misfits, these games have updated graphics, real gameplay mechanics, and consistent community engagement. If you’re looking for Play-to-Earn games, focus on those with recent updates, not ones with old airdrops and silent teams.
What happened to the $1.01 million raised by Space Misfits?
There’s no public record of how the $1.01 million was spent. No financial reports. No breakdown of expenses. The team never disclosed how funds were used - whether for development, marketing, or salaries. Given the lack of progress, it’s likely most of the money was spent on early-stage costs like token sales, legal fees, and basic development - not on building a real game.
Should I invest in SMCW tokens now?
Absolutely not. SMCW tokens have no market value, no liquidity, and no future. Even if you buy them for pennies, you won’t be able to sell them. There’s no exchange that lists them. No wallet supports them meaningfully. This isn’t an investment - it’s a digital artifact of a failed project.
Is the Space Misfits game still playable?
Technically, the old alpha version might still load if you find a cached copy. But it’s broken, incomplete, and unplayable. No servers are maintained. No updates have been released since 2022. Even if you log in, you won’t be able to mine, trade, or fight. The game is dead.
Wow, this is such a clear breakdown. I remember when I signed up for that airdrop-thought I was getting free money. Turns out I just got a digital paperweight. Never again.
It’s funny how we all chase the glow of something that looks like opportunity but forget to ask if it’s real light or just a firefly in a jar. We didn’t lose money-we lost trust. And that’s harder to recover.
The collapse of Space Misfits is not merely a failure of engineering-it is a cultural elegy for the myth of decentralized utopia. We were seduced by the poetry of ‘play-to-earn,’ mistaking speculative glitter for substantive gold. The token was never meant to be currency; it was a monument to human gullibility, carved in blockchain dust.
Our collective yearning for effortless wealth blinded us to the quiet truth: no game, no matter how cosmic its branding, can survive without soul. And souls, unlike smart contracts, cannot be airdropped.
The team didn’t scam us-they simply forgot how to build. And in crypto, forgetting is the deadliest sin.
Compare this to Star Atlas: they listened. They iterated. They suffered through beta glitches and still showed up. Space Misfits? They ghosted after the first date.
What’s tragic is that we knew better. We’d seen this movie before-DeFi summer, NFT mania, metaverse fever. And yet, we clicked ‘join’ again. Why? Because hope is cheaper than skepticism.
But hope without discipline is just wishful thinking with a wallet.
Let this be a lesson not just for gamers, but for all who believe technology can bypass human nature. No algorithm can replace accountability. No token can buy integrity.
We didn’t lose $10-we lost our innocence. And that’s the real cost of the airdrop.
Oh wow so the game was broken and people still thought they'd get rich? I'm crying laughing. My grandma could've told you that. Also, why do people think 'blockchain' means 'magic money machine'?
PS: I still have my SMCW tokens. They're in a folder labeled 'lessons learned' next to my MySpace profile.
Been there, done that. Got the useless token. Learned the hard way: if the devs aren’t posting for 6 months, walk away. No amount of ‘Play-to-Earn’ sounds good if the game’s stuck on loading.
Now I only join stuff with active Discord servers and weekly dev logs. Simple rule. Works every time.
Thank you for writing this. I felt so silly after I realized I’d spent weeks mining asteroids that didn’t even work. But reading this made me feel less alone. You’re right-the real value is in what’s built, not what’s given.
Keep sharing these stories. They matter.
One must observe that the structural deficiencies inherent in the project’s tokenomic architecture were fundamentally incompatible with sustainable economic viability. The absence of a viable utility function, coupled with the absence of iterative development cycles, rendered the entire endeavor an epistemological vacuum.
Furthermore, the decision to deploy on Enjin-while technically sound-failed to account for the liquidity constraints of niche blockchain ecosystems. A truly rigorous analysis would have prioritized Ethereum L2 or Solana.
One cannot help but lament the intellectual laziness of the participant base. Airdrop chasers are not investors; they are digital tourists.
I actually met someone from the Space Misfits team at a crypto meetup in Austin. They seemed nice. Thought they were building something real. Then… nothing. It’s sad. Not because of the money, but because people put their heart into it. I hope they’re okay.
Maybe they got burned out. Or lost funding. Or just got scared. Whatever it was-it’s a reminder that behind every failed project, there are real humans trying.
So many people got burned by this… but hey, at least we got a cool NFT spaceship to show off in our wallet 😅
Now I only do airdrops from projects with actual gameplay demos. No more ‘coming soon’ promises. I’ve learned the hard way.
Also, Star Atlas is still alive. Go check it out. 🚀