CROWN Token Value Calculator
SMCW Airdrop Token Value Calculator
Calculate the current value of your CROWN tokens based on historical data from the Space Misfits project.
Current Value:
Hypothetical Value (if game succeeded):
Percentage Loss:
Note: Current token price is $0.00024 (2023-2024 data). Hypothetical value assumes $0.16 price (launch price).
The SMCW airdrop by Space Misfits was never meant to make you rich. It was meant to get you into a game that never really took off.
In early 2022, Space Misfits launched as a 3D space MMORPG built on the Enjin blockchain, promising players real money for mining asteroids, fighting NPCs, and building ships. The in-game currency? CROWN tokens - or SMCW. And to kick things off, they ran an airdrop: $21,000 worth of CROWN tokens handed out to random people and active players. It sounded like a free shot at crypto riches. But here’s the truth: that airdrop is long closed, the game is mostly dead, and the token is worth almost nothing.
How the SMCW Airdrop Actually Worked
The airdrop wasn’t one big giveaway. It was split into two parts. First, $5,000 in CROWN tokens went to 500 randomly selected participants who signed up. That’s about $10 per winner - not life-changing money, but enough to get someone curious. The other $16,000 was distributed weekly to players who were actually playing the game. Four thousand dollars per week, split among those who logged in, mined resources, or fought enemies.
This wasn’t just a marketing trick. The team clearly wanted real players, not speculators. They knew if people didn’t use the game, the whole Play-to-Earn model would collapse. So they put most of the tokens where the action was: inside the game.
But here’s the catch: the game was barely playable. At the time of the airdrop, Space Misfits was stuck in a "very simple alpha version that is in testing." There were no polished graphics, no smooth controls, no real economy. You could mine asteroids, but the interface was clunky. You could build ships, but there was no real demand for them. The marketplace? Barely used.
Why the CROWN Token Collapsed
When the token launched in March 2022, it started at $0.160. For a brief moment, it surged to a high of 4.54x that price - a 353% gain. That got people excited. But then it dropped. Hard.
Today, CROWN trades at 0.0015x its original price. That’s a 99.1% loss. People who bought in during the IDO lost almost everything. Those who got tokens in the airdrop? They might still have them in their wallets, but they’re worthless.
Why? Three big reasons:
- No real gameplay: The game never evolved beyond a basic alpha. No updates. No new features. No community events.
- Token supply flooded: 8 million CROWN tokens were sold during funding rounds. Vesting schedules released more tokens over time, but no one was buying. The market got drowned in supply.
- Play-to-Earn crash: 2022 was the year the entire P2E bubble burst. Axie Infinity, Illuvium, and dozens of others saw the same fate. Space Misfits was just one of many.
The tokenomics were designed to last - public buyers got 25% of their tokens at launch, then 25% every 30 days. Seed investors got even less upfront. But none of that mattered if no one was playing. Tokens need utility. And CROWN had none.
What Was CROWN Supposed to Do?
CROWN wasn’t just a currency. It was meant to be the governance token for a future DAO. That means holders could vote on game updates, new features, or even how money was spent. It was also supposed to be the premium in-game currency - the one you’d use to buy rare ships, skins, or upgrades.
There was a second token called BITS, meant for everyday transactions. CROWN was the "power token." But without a working game, no one needed it. No one voted. No one bought. No one staked.
The project promised a staking dashboard where you could lock up CROWN and earn more. That dashboard never launched. Or if it did, no one used it.
Where Is Space Misfits Now?
As of November 2025, there are no official updates. No Discord activity. No Twitter posts. No GitHub commits. No new team members. No press releases.
The website still loads, but it’s a ghost town. The game client? Unavailable for download. The blockchain data? Still there - you can check CROWN balances on Etherscan - but no one’s moving them. The last significant transaction was over two years ago.
Space Misfits raised $1.01 million across multiple funding rounds. Seed investors got 5% of their tokens at launch, with the rest released quarterly. But even they gave up. There’s no record of anyone cashing out after 2023. The project vanished quietly.
Was the Airdrop a Scam?
No. It wasn’t a scam. It was a failed bet.
The team didn’t steal funds. They didn’t run off with the money. They spent it building a game that just didn’t work. The airdrop was real - people got tokens. But the game was too underdeveloped, the market too hot, and the timing too late.
Many Play-to-Earn projects from 2021-2022 followed the same pattern: big hype, big token launch, weak game, quick collapse. Space Misfits was one of them. It didn’t lie. It just didn’t deliver.
What Can You Do With Your CROWN Tokens Now?
If you got CROWN in the airdrop, you still have them. But they’re worth less than a coffee. You can:
- Hold them - maybe one day someone revives the project (unlikely).
- Sell them - but you’ll get pennies, if anything.
- Forget them - and move on to something else.
There’s no wallet integration left. No exchange lists it anymore. Even the biggest crypto trackers like CoinMarketCap and CoinGecko removed it months ago.
Lessons from the SMCW Airdrop
This isn’t just a story about a dead game. It’s a warning.
First: Don’t chase airdrops for profit. Most are marketing tools, not golden tickets. The real value is in the product - and Space Misfits had none.
Second: Check the game, not the token. If the game is in alpha, has no updates, and no community - walk away. The token will follow.
Third: Play-to-Earn isn’t dead - but it’s smarter now. Projects that survive today have real gameplay, active devs, and sustainable tokenomics. Space Misfits had none of that.
There are hundreds of crypto games now. Most will fail. A few will thrive. Space Misfits was never one of the few.
Final Thoughts
The SMCW airdrop was a real event. The tokens were real. The money was real. But the dream wasn’t.
Space Misfits promised a future where you could explore space, build ships, and earn crypto. Instead, it gave you a glitchy demo and a worthless token. The airdrop is over. The game is gone. The token is dead.
If you’re looking for a Play-to-Earn game today, look for one with weekly updates, a growing community, and a team that talks to players. Not one that vanished two years ago.
Melina Lane
November 19, 2025 AT 05:23Man, I still have my CROWN tokens in a wallet I forgot about. Thought I hit the jackpot. Turns out I just got a really expensive digital postcard. 😅
Rob Sutherland
November 20, 2025 AT 19:08It’s not about the tokens. It’s about the dream they sold you. Space Misfits didn’t fail because of bad code-it failed because they mistook hype for heart. People don’t play games for returns. They play for wonder. And wonder? You can’t airdrop that.
There’s something poetic about a game that tried to let you own the stars… and ended up owning nothing but dust.
I still believe in Play-to-Earn. But only if the ‘play’ comes first. The earning? That’s just the echo of the experience.
We’re not investors. We’re explorers. And when the map’s blank, no amount of tokens will light the way.
Maybe one day someone builds a game where the world feels alive-not just a ledger. Until then, we’re all just holding ghosts in our wallets.
andrew casey
November 22, 2025 AT 13:55One must observe, with clinical detachment, that the SMCW airdrop was not merely a failure of execution-it was an ontological misstep. The very premise of tokenizing ludic engagement in a nascent, unpolished alpha environment betrays a fundamental misunderstanding of economic value as emergent from utility, not speculation.
The notion that one can distribute governance rights via a random lottery to individuals who have not demonstrated commitment to the ecosystem is not merely naïve-it is epistemologically incoherent.
One might as well hand out voting rights in the United Nations to attendees of a YouTube livestream. The structural fragility was inevitable.
And yet, one cannot help but admire the sheer audacity of the delusion. A $1M project built on the assumption that players would tolerate a broken game because they might someday earn a fraction of a cent per minute. The tragedy is not the collapse. It is the arrogance that believed it could be otherwise.
Lani Manalansan
November 23, 2025 AT 04:38I remember when I first heard about Space Misfits. My cousin in Manila was hyped-he’d been playing crypto games since Axie. He sent me a screenshot of his CROWN balance like it was a trophy.
Now he’s into Web3 art collectibles. Said he learned the hard way: if the devs aren’t posting updates, they’re not building. They’re just counting coins.
It’s not just about the tech. It’s about the people behind it. And when they go quiet? That’s the real death.
Still, I’m glad someone documented this. So the next batch of newbies doesn’t fall for the same glittery trap.
Frank Verhelst
November 23, 2025 AT 14:07Don’t give up on P2E yet! 🚀 I got into a new one called NebulaRiders-devs post daily updates, Discord is alive, and the token actually has uses inside the game. It’s early, but it feels real. You can still find gems, folks. Just look for the ones that talk to their community, not just their investors. 💪
Space Misfits? Yeah, RIP. But the spirit? Still alive. Just find the right ship.
Roshan Varghese
November 24, 2025 AT 06:09LOL u think this was a failure? Nah. This was a FINANCIAL WARFARE op. The government and big crypto firms let this die so you’d stop believing in decentralized games. They want you stuck in Roblox and Fortnite where they control everything. CROWN tokens were real. The game was real. They just killed it. Check the blockchain-someone moved 500k CROWN last month. That’s not dead. That’s a cover-up. 🤫
Also, the team is probably in hiding. I heard they moved to Bolivia. Don’t trust CoinGecko. They’re owned by Wall Street.
Dexter Guarujá
November 25, 2025 AT 06:04Look, if you’re dumb enough to think airdrops are free money, you deserve to lose everything. This isn’t some conspiracy. It’s basic math. No game = no demand = no value. You didn’t get scammed. You got outsmarted by someone who understood how capitalism works.
And don’t you dare compare this to Axie. We built real communities. We had real gameplay. This? This was a sketchy crypto startup trying to cash in on the hype train. American ingenuity doesn’t fail like this. This is what happens when you let amateurs run the show.
Jennifer Corley
November 26, 2025 AT 09:48Interesting how the author frames this as a 'failed bet' rather than a predatory scheme. The team raised $1M, knew the game was broken, and still pushed the airdrop to inflate token demand. That’s not failure. That’s exploitation.
And now they’re quietly sitting on 75% of the token supply, waiting for the next sucker to buy in. The fact that no one’s moved CROWN in two years? That’s not abandonment. That’s asset hoarding.
Also-why is this post so long? To distract from the fact that this was a rug pull dressed up as a cautionary tale?
Natalie Reichstein
November 26, 2025 AT 11:49People still falling for this? I told my sister not to touch any airdrop that didn’t have at least 3 live devs on Discord. She didn’t listen. Now she’s got 12,000 CROWN tokens worth $18. That’s not a lesson. That’s a warning label you painted on your forehead.
And don’t say 'it wasn’t a scam'-if you’re giving away tokens to people who don’t even know how to use a wallet, you’re not building a game. You’re building a pyramid with blockchain glitter.
Kaitlyn Boone
November 27, 2025 AT 13:28they said it was for players but it was really for investors to dump on. the game was trash. the team ghosted. the token crashed. same story every time. why do we keep doing this?
i still have mine. in a folder called 'regrets'.
no emojis. no hope. just silence.
James Edwin
November 27, 2025 AT 17:44What’s wild is how many people still think airdrops are free money. I’ve participated in 17 of them. Got 3 that turned into real projects. The rest? Digital trash.
Here’s what I look for now: weekly dev logs, active GitHub commits, and a roadmap that doesn’t say 'community voting.' If they can’t even build a working ship simulator, why should I trust them with my time?
Also-has anyone checked if the Enjin blockchain still supports CROWN? I bet it’s deprecated.
Kris Young
November 28, 2025 AT 02:47I appreciate the thorough breakdown. The timeline is accurate. The tokenomics are clearly outlined. The distinction between 'failed bet' and 'scam' is critical. Many people conflate the two.
Also, the point about BITS being the utility token and CROWN being governance? That’s correct. But without a functioning economy, governance is meaningless.
Thank you for writing this. It’s a useful reference for newcomers.
And yes-the game was in alpha. That should have been a red flag. Always check the release status before participating.
LaTanya Orr
November 29, 2025 AT 04:20There’s a quiet beauty in how these things fade. No fanfare. No lawsuit. Just… nothing.
The servers didn’t shut down. The tokens didn’t vanish. They just stopped mattering.
I think that’s the real tragedy-not the money lost, but the silence. No one even bothered to say goodbye.
It’s like finding an old diary you wrote as a kid. You remember the hope. But the world moved on.
Maybe that’s what we’re all chasing. Not the tokens. Not the game. Just the feeling that something could be bigger than us.
And sometimes… it isn’t.
Ashley Finlert
November 29, 2025 AT 22:04Space Misfits was not merely a casualty of the P2E winter-it was a Rorschach test for the crypto generation. To some, it was a cautionary fable. To others, a martyrdom of idealism. To the cynical, a predictable collapse of vaporware dressed in blockchain finery.
Yet, the lingering question remains: What if the game had been polished? What if the team had doubled down on community, not token distribution? Would CROWN have become the backbone of a new cosmic economy-or merely another footnote in the graveyard of Web3 ambition?
The blockchain remembers. But humanity forgets. And therein lies the eternal paradox: we build digital utopias on the bones of broken dreams… and then we forget to mourn them.
Let this be a requiem-not for tokens, but for the innocence of believing that code could carry wonder.
Tim Lynch
November 30, 2025 AT 14:03They didn’t fail because they were bad. They failed because they were too early. The infrastructure wasn’t ready. The players weren’t ready. The culture wasn’t ready.
But I still believe in the dream. The idea of owning your space, your ship, your universe-it’s too beautiful to die.
Someone will build it again. Maybe not with CROWN. Maybe not with Enjin. But someone will.
And when they do, I hope they remember: the token is just the key. The game is the door.
And the door? It has to open.