GameFi is a combination of the words "game" and "finance," and is one of the hottest buzzwords in the cryptoverse. It refers to the gamification of financial systems in order to generate profit from play-to-earn cryptocurrency games.
With the runaway success of crypto games like Axie Infinity, the future of GameFi seems bright. Newzoo predicts global game revenue will hit $200 billion in 2024. Therefore, GameFi's growth potential is still enormous. Discovering investment possibilities in GameFi is critical right now.
In this article, we would like to introduce Thetan Arena known as an e-sport game based on blockchain technology. We'll be covering the following topics:
- What is Thetan Arena? How does Thetan Arena work?
- THG Tokenomics and How/Where to earn and store THG tokens?
- Roadmap & Updates.
- Team members, Investors, and Strategic Partners.
Let's explore the potential of Thetan Arena!
What is Thetan Arena?
Thetan Arena is an e-sport game powered by KardiaChain's blockchain technology and developed by Wolffun games. Thetan Arena’s gameplay revolves around combining individual skills and team coordination to triumph in 2 different game modes: MOBA & Battle Royale.
Thetan Arena's gameplay will be quite familiar to anyone who has played League of Legends, DOTA, or Heroes Strike before. The game is now available for download on PC, Google Play, and Apple's App Store.
How does Thetan Arena work?
Highlights of Thetan has 2 game modes: Free-to-play and play-to-earn
Since the first version, Thetan Arena has pioneered the concept of free-to-play. The requirement that players invest a certain amount of money in order to play the game is unreasonable and prevents many traditional players from participating in NFT games. The more players there are in an e-sport game, the better the battle.
In addition, you can also receive rewards as THC tokens from Thetan Arena through playing games. When you sign up for the game you will get 3 free game characters.
This is a fairly new point in the GameFi field when most other games require players to deposit money to be able to participate in the game.
Thetan's free-to-play method works well since it attracts a huge number of users who can then pay to buy premium heroes, which can then be used in the play-to-earn mode. This is a truly unique and powerful marketing tactic.
What is THG token?
THG is the game's native token. Thetan Economy is based on two tokens: THC and THG. The former is similar to SLP in Axie Infinity, while the latter is like AXS.
The total supply of THC is unlimited. THC can be earned by playing the game. Once you earn them, you can claim them to your wallet.
THG Key Metrics
- Token Name: Thetan Arena Token.
- Ticker: THG.
- Blockchain: Binance Smart Chain và KardiaChain.
- Token Standard: BEP20 & KRC-20.
- Contract - BEP20: 0x9fd87aefe02441b123c3c32466cd9db4c578618f.
- Contract - KRC20: 0xf0051fd4758147f1749d1696c9266d047b4c43fa.
- Token Type: Utility, Governance.
- Total Supply: 420,000,000.
- Circulating Supply: Updating...
THG Token Allocation
- Team: 21% (88,200,000 THG).
- Staking Issuance: 21% (88,200,000 THG).
- Gaming Issuance: 19% (79,800,000 THG).
- Ecosystem Fund: 10% (42,000,000 THG).
- Strategic Sale: 10% (42,000,000 THG).
- Reserve Fund: 9% (37,800,000 THG).
- Advisors: 5% (21,000,000 THG).
- Liquidity: 5% (21,000,000 THG).
THG Token Release Schedule
THG Token Sales
Thetan's IDO was held on Polkastarter.
- IDO: September 16th, 2021.
- Price: $0.08 per THG.
- Total public sale token: 2,500,000 THG.
Learn more: How to participate in an IDO on Polkastarter
THG Token Use Cases
- Staking: THG holders can earn additional THG via staking.
- Governance: THG holders will also have the opportunity to vote on how the game will be developed in the future.
- In-game currency: Users are able to purchase in-game items and NFT in the official Thetan marketplace, and can also be obtained by playing games on the Thetan Gameplay.
How to get THG Token
THC can be obtained through the battle, quest, and ranking rewards. THG will be distributed to users solely based on their use, activity, and contribution to Thetan Arena.
How to buy THG Token
You can buy THG on listed exchanges such as:
- DEX: 1Inch, PancakeSwap,...
- CEX: MEXC, OKEx, Huobi,...
Alternatively, you can use Coin98 Exchange to swap other tokens for THG by clicking the Swap button at the end of the article.
Learn more: How to use Coin98 Exchange
How to store THG Token
You can store THG on Coin98 Wallet with these steps:
Step 1: Open Coin98 Wallet & click Search Icon on the home screen.
Step 2: Search THG Token.
Step 3: Click on the correct result at Receive Tab with a specific chain (BEP20/KRC20), copy the wallet address and send THG to this address.
All of Thetan's plans for 2021 have followed the original roadmap. Thetan's roadmap is quite fascinating. In 2022, two activities that are eagerly anticipated are tournaments and offline events.
- Alpha test.
- THG IDO.
- NFTs Heroes.
- Beta test.
- Official Launch.
- Special events & Hero Rental.
- Cosmetic system.
- 42 Players BR.
- Pets System.
- Guild Quest.
- Co-op modes.
- Guild Wars.
- Battle pass.
- Donate system.
- Monthly content.
- Offline event.
Team, Investors, and Partners
Thetan Arena was created by a team from Wolffun Games, who have lots of experience in the gaming and crypto markets, having worked on projects such as KardiaChain and My Defi Pet.
Wolffun Games, a game production studio specializing in online PvP games for mobile platforms, was launched in 2014.
Thetan's investors are all very reputable and have a lot of experience in GameFi.
Is Thetan Arena (THG) a good investment?
The game is quite addictive. The graphics are attractive, with bright colors, and the game isn't too heavy to cause your low-end phone to overheat. Thus, Thetan Arena is really a very interesting game and brings real entertainment value to players.
Many reputable investors have invested in Thetan. On the other hand, the major GameFi Guilds include them in their game portfolios, such as YGG, GuildFi, and Avocado Guild. I believe Thetan is an investment well worth considering in the long term.
I’m still finding the number how many of free-to-play gamers of Thetan will buy anything in a game. If this number is small, inflation will occur for tokens of Thetan. Because Thetan has to spend a lot of money on user acquisition in order to find those “whales” who are willing to pay.
GameFi is now experiencing FOMO (Fear Of Missing Out) signs from the market. Before adding THG to your portfolio, you should carefully monitor the crypto market's movement and determine the proper price range for your entry.
Disclaimer: All the information in this article is only for information purposes and should NOT be considered investment advice. Investing in Crypto contains hugely high risks, and you should only invest the fund you are willing to lose.
MOBOX (MBOX): MOBOX is a community-driven GameFi platform built on BSC (Binance Smart Chain) that combines the features of decentralized finance (DeFi), non-fungible tokens (NFTs), and blockchain gaming to create a free-to-play and play-to-earn ecosystem. It was launched in April 2021.
Axie Infinity (AXS): A popular blockchain game that was inspired by the massively successful Pokemon game series.
Radio Caca (RACA): The exclusive manager of Maye Musk Mystery Box (MPB) NFT and DeFi+GameFi vehicle for The USM Metaverse.
So I have provided you with the latest information from Thetan Arena and THG Token. If you're interested in other GameFi besides Thetan, please leave a comment below. Coin98 will research the projects and publish articles about them.