What is Throne (THN)?
Throne is a blockchain platform launched by Throne Labs that aims to provide users with extraordinary experiences for the decentralized web. It is a foundation where users own their data, perform digital transactions, and exchange information in a secure and decentralized manner.
The platform has a marketplace where NFTs and other digital assets are bought, sold, or exchanged. The project aims to be accessible to anybody regardless of their device type. In essence, Throne provides users with an environment where they can play, build, own, and monetize their virtual experiences across multiple platforms.
One of the key products of the platform is the Throne City Metaverse. It is a vibrant city in the metaverse that allows participants to co-govern the development of the city, neighborhoods, and properties within the metaverse.
Unlike other metaverse projects, a landowner has influence over what gets built next to their property and in the metaverse as a whole. It is designed by the landowners themselves in collaboration with certified architects and urban planners.
All landowners in the metaverse have the right to vote in the Throne City DAO for the governance of the city planning, architectural plans, and building permits inside the metaverse. The project consists of 12,000 parcels of land offered for sale in THN tokens.
THN is the native utility token of the Throne community, network, and ecosystem. It is also designed as a governance token for the Throne City Metaverse. You can see the live THN price and its recent changes on the Throne price chart above.
Use Cases of THN Tokens
THN coin launched with the Throne marketplace in 2021 as an ERC-20 standard token.
THN crypto token holders are given access to the Throne marketplace where they can carry out free transactions, NFT listings, and tradings.
THN holders can also use the token to purchase virtual land in the metaverse. When you buy land in Throne City, the THN coins used to purchase the lands are burned and you receive an NFT that proves that you own the property. In addition, your NFT gets listed and displayed on the Throne NFT marketplace.
Besides that, the THN crypto token acts as the governance token of Throne City, allowing users to make in-world purchases of digital goods and services, govern the zoning laws, building permits, and make other decisions about the city layout and development. Voting power is determined by the amount of THN held by a user.
Planning to buy Throne crypto assets? If you are, make sure to analyze the Throne price chart. It features the previous and the current THN price, as well as its recent movements.
Who Founded Throne Labs?
Throne Labs was founded by Zachary Lewis who serves as the chief executive officer of the company. Zac is from Hong Kong and is very passionate about technology and startups. He has experience in social media and content distribution platforms as well as in the gaming ecosystem.
THN Tokenomics
THN token has a maximum supply of 1.9 billion tokens, with a distribution formula of 61.50% for company reserves, 24% for governance, and another 7.1% allocated for operations in the Throne ecosystem. Moreover, 0.4% were kept aside for public and private sales. However, the 12.8% reserved to the founders will be released to them and the rest of the team gradually in a planned release schedule. This is done to minimize any plans of huge sell-offs and reduce inflationary occurrences that may affect the THN price.
