What is Thetan Arena?
Thetan Gem (THG) is the native token ofThetan Arena – a blockchain-based e-sports game. The game was launched in December 2021 by a Vietnamese gaming company called Wolffun. The game is regarded as one of the pioneer multiplayer battle arena games in the crypto space. Besides, Thetan Arena is a free play-to-earn game. This means that you can download the game, connect your wallet and begin playing without paying a dime.
Interested in the current THG price? Take a look at the Thetan Arena price chart above.
In order to play the game, the player has to acquire a hero, which is an in-game character used for playing in Thetan Arena. Overall, there are three classes of heroes available - Tank, Marksman, and Assassin. Besides, there is a variety of gameplay modes available including Battle Royale, Deathmatch, Tower, and Superstar.
In Battle Royale, players can compete alone or in teams of two. They have 4 minutes to kill their enemies, destroy their supply boxes, and remain the only survivors on the battlefield to win. During the four minutes time duration, the four safe zones within the battlefield shrink. Players must remain in the safe zone to survive.
In Tower mode, four players are randomly selected to form two teams. Both teams are then given 5 minutes to destroy the other team’s tower and kill their heroes to win. If no tower is destroyed within 5 minutes, the team with the highest tower life is declared as the winner.
In Superstar mode, players compete in teams of two. Both teams compete for stars in this mode. The team with the most stars after 4 minutes wins. However, once a team gets 50 times more stars than the other team, they win immediately even if the time has not elapsed yet.
Finally, in Deathmatch mode, four players randomly form a team. In this mode, the team with the most kills after 3 minutes wins.
Besides, apart from the aforementioned Thena Gem tokens, the game also has another token called Thetan Arena Coin (THC). Every time players win in the game, they receive gTHC tokens. These tokens can then be redeemed for THC, which is used in combination with THG to buy blind boxes and other items in the marketplace. Besides, gameplay anchors are also rewarded in THC for their streaming activities.
User Cases of Thetan Arena Tokens
Primarily, Thetan Gem is the governance token of Thetan Arena. THG token holders have the right to decide on the future development of the Thetan Arena crypto project.
Moreover, Thetan Arena tokens act as means of payment within the game. They can be used to purchase or upgrade heroes, purchase blind boxes, and so on.
Besides that, THG tokens can be staked in order to earn passive rewards or gain access to tournaments.
To prevent players from engaging in activities that may compromise THG price, a withdrawal limit is set on new player accounts. THG can only be withdrawn once every 48 hours. Besides, to be able to withdraw THG after opening a new account, it must be open for at least 12 days.
THG Tokenomics
The maximum supply of THG crypto tokens is capped at 450 million. The distribution of these tokens follows a well-planned release schedule. According to the plan, all 420 million THG tokens will be released into circulation on September 16th, 2024. 64% of the tokens were allocated to the development of the game and its ecosystem, 10% to the initial strategic offering, and the remaining 26% was reserved for the team.
Interested in purchasing Thetan Arena coins? Before doing that, make sure to check the aforementioned Thetan Arena price chart. Knowing the current and the previous THG price will help you to make more informed purchasing decisions.
