CyberStep Inc. Confirming Eggle Energy Donation
CyberStep Inc. has made an important announcement regarding the receipt of donations in the form of Eggle Energy ($ENG), the gaming coin associated with its Web3 game, Eggle. On June 18, 2025, the company confirmed that it had received the donation through its official account, following an offer made on June 13, 2025.
Background of the Donation
The recent developments came as part of CyberStep's continuous efforts to strengthen its presence in the cryptocurrency-related business. As announced earlier on February 3, 2025, the company had entered into a partnership with Bacoor dApps Inc. to collaboratively develop the Web3 game, Eggle, with the service officially starting on April 1, 2025. The gaming coin, Eggle Energy ($ENG), plays a crucial role in expanding the ecosystem and fostering growth, which led to the donation offer just a few days before the confirmed receipt date.
As CyberStep is actively publishing and organizing its cryptocurrency operations, this donation is seen as an opportunity to diversify the revenue streams away from traditional business relies. Utilizing its accumulated knowledge and operational structures, the company plans to generate operational profits from the game coin to invest in new Web3 game development and the creation of digital content. The decision to accept the donation was made on June 18, 2025, underlining the company’s commitment to enhancing its revenue base and overall corporate value.
Note: Game coins like Eggle Energy are digital currencies (tokens) used primarily in online and blockchain games for purchasing in-game items, character growth, and earning rewards.
Details of the Donation
CyberStep has officially received 5 million $ENG coins, which translates to approximately 18.07 million Japanese yen at current rates. The coins were received at the wallet address specified by the company, signaling a solid integration into its financial ecosystem.
Handling of Received $ENG Coins
The company has outlined a set of principles regarding the proper handling of the $ENG coins received:
- - The possibility of utilizing $ENG within the ongoing development of Web3 games and other related services.
- - Compliance with accounting practices and tax regulations will be ensured by collaborating with audit firms and tax accountants.
Future Outlook
CyberStep aims to strengthen and expand its management and operational framework concerning cryptocurrency assets, emphasizing the creation of new revenue opportunities in the Web3 gaming sector. This donation acts as a catalyst for the comprehensive examination of conducting cryptocurrency dealing operations within the company. CyberStep is poised to establish necessary governance structures and internal management systems to begin phased operations in this domain.
Furthermore, the company plans to leverage the donated $ENG for marketing activities and to support research and development initiatives as part of its business operations. Over time, there are intentions to establish a system where cryptocurrency can be used for shareholder benefits, though it should be noted that the current donation will not be allocated for shareholder benefits in the immediate future.
While the impact of this donation on the current consolidated financial results is expected to be minimal, it could potentially lead to revenue recognition if the donated assets are converted to cash in the future. CyberStep will ensure timely and proper disclosure in such cases.
The integration of this business and related assets is anticipated to heighten CyberStep's presence in the Web3 space and contribute to a robust long-term revenue base and enhanced corporate value. Moving forward, the group aims to fulfill the expectations of users and stakeholders in the rapidly growing blockchain and gaming market through dedicated business initiatives.