Haunted Space Launches GAGA Token After Delays and Drama

After months of uncertainty, Haunted Space is finally launching its $GAGA token today on Avalanche. From controversial delays to bold community promises and even legal threats, the road to TGE (Token Generation Event) has been anything but smooth. Still, the launch is happening — and it’s a major moment for fans of blockchain games.

Let’s dive into what’s going on, what’s changed, and what this means for the Haunted Space ecosystem.

A Rocky Road to Launch

The $GAGA token launch was originally scheduled for May 29, 2025, backed by a massive UGC (user-generated content) campaign and over $100,000 in promised rewards. But things didn’t go as planned. Just a day before the event, Haunted Space announced a delay, attributing it to strategic coordination with Black Hole DEX.

Now, two months later, $GAGA is finally launching — but not with Black Hole. Instead, the team has chosen LFJ DEX on Avalanche, citing the need for a "faster and simpler launch format" due to rising media attention.

As the developers stated, the community "has already waited long enough."

TGE Details and Tokenomics

According to the team, the long-awaited $GAGA token will go live on July 15th at 3 PM UTC. While the official whitepaper hasn’t been updated with detailed tokenomics, a Discord mod named BETHEL shared key information from a May 27 tweet.

Here are the highlights:

• Listing Price: $0.0100

• TGE Liquidity: $112,500

• IMC Exclusive Liquidity: $687,150

• Fully Diluted Market Cap: $9,000,000

• Public Round Allocation: 6.7%

• Private + Strategic Rounds: ~24% with 5–10% initial unlock

• Team/Advisor Tokens: 30-month vesting, 0% unlocked at TGE

One major change? Vesting schedules have been reduced, allowing early backers to access tokens sooner — likely a move to restore community trust.

GAGA's Role in the Haunted Space Ecosystem

Within the Galaxy Lab universe, $GAGA isn’t just a token — it’s the central currency that connects the entire ecosystem. According to the whitepaper, all transactions — whether in fiat, stablecoins, or other crypto — are routed through $GAGA directly or via buybacks.

To create a smoother in-game economy, players use H-Bucks as hard currency. These can be purchased using $GAGA, or bought with other currencies, in which case the platform automatically buys GAGA from the market — a clever way to build token demand.

Importantly, the team emphasizes that GAGA isn’t a pay-to-win token. Haunted Space games are designed to remain free-to-play, with play-to-earn elements rewarding player loyalty and skill.

A Storm of Controversy Before Launch

Just days before the rescheduled TGE, a 15-year-old content creator known as @vert1dkrn publicly criticized the project in a viral thread. He alleged that Haunted Space failed to deliver on token rewards and frequently shifted deadlines without notice.

The team responded forcefully, labeling the claims as false and defamatory in a 10-part Twitter thread posted on July 9. They insisted rewards were always tied to the token launch and accused the creator of misleading headlines that hurt their reputation with partners like Avalanche and Black Hole.

The original post was deleted, but not before gaining over 20,000 views. Haunted Space confirmed they contacted the creator to request edits or removal but didn’t confirm legal action — despite the teen later tweeting, “About to get my first lawsuit…”

Backlash From the Blockchain Gaming Community

The community wasn’t impressed with how the situation was handled. Many felt Haunted Space’s aggressive response drew more attention to the controversy than it originally had.

A tweet from @JesusMartinezEZ summed up the sentiment:

"I personally didn't even know this person or thread existed... You putting it on blast gave it 100X more attention than it would've had otherwise."

The Haunted Space team argued that the scale of the viral post left them no choice, especially given the impact on their partner relations. Still, this incident has sparked a debate about how blockchain games should manage communication and criticism.

UGC Campaign and Reward Confusion

Back in May, Haunted Space ran a massive UGC campaign, promising over $100,000 in token rewards to creators on X (formerly Twitter) and Discord. But many participants claimed they received no communication or compensation.

The team blamed a hacked Telegram account belonging to their former marketing lead, but promised that all rewards would be distributed after the TGE. Now that the token is live, those creators are watching closely — though no exact timeline for distribution has been shared.

What Is Haunted Space Anyway?

For those new to the title, Haunted Space is a cinematic, sci-fi space shooter powered by blockchain tech. The game blends exploration, combat, and deep lore — with both single-player and multiplayer options. All assets in the game are owned onchain, giving players real digital ownership.

Haunted Space is currently developing three titles:

• Haunted Space Arena (Multiplayer)

• Haunted Space Hell Galaxy (Single Player)

• Haunted Space Minigame (on Telegram)

It’s received an Epic MegaGrant, has been showcased by PlayStation, and was even named “Best Upcoming NFT Project” by Forbes. The team says development has taken over four years.

Final Thoughts

The launch of $GAGA is a milestone moment for Haunted Space, but it comes with a complex history of setbacks, communication issues, and community frustration. The success of today’s TGE will depend not just on tokenomics but also on the team’s ability to regain trust and deliver on promises.

For those following the ever-evolving world of blockchain games, Haunted Space remains a fascinating project — one that blends traditional game design excellence with the chaotic energy of Web3.

Now that the token is live, the real test begins. Will Haunted Space fulfill its potential, or will the ghosts of delays and drama continue to haunt it? Only time (and maybe the community) will tell.