Trying a play-to-earn model is nothing new in the NFT gaming industry, but to pull it off is still a remarkable feat. This model must be backed by a robust, self-sustaining, and self-sufficient economy along with a stable token system. That is why we built the Thetan Treasury — and in this article, we want to discuss the mechanic in more detail so you, our Thetanians, can get the best out of Thetan Arena’s play-to-earn model!
A brief Introduction to the play-to-earn model
One of the drawbacks of traditional game development is the players are not often aware of what is going on with the project. They have to passively wait for updates from their supported developers and in many cases, the project they followed is abandoned with minimal compensation or without any compensation at all. The reason behind this is that traditional gaming follows a pay-to-play model, where games can be seen as goods that you purchase and use for a limited time.
An alternative is the free-to-play model, but pay-to-progress, which is very popular in Korean MMOs, is often frowned upon by Western MMO fans. Even crowdfunding platforms could only partially solve this problem by introducing backing mechanisms and transparent marketing. But in the end, it is not enough, because from the players’ perspective, they still don’t have any ownership of the project.
NFT (non-fungible token) games aim to fix this by pioneering a new model: play-to-earn. The idea is simple: instead of purchasing a game to play, you — the players — are incentivized to play a game to earn rewards that can be converted into real money. At the same time, all players who are enthusiastic about the game will participate in its development as well. And this process takes many forms: you can directly invest in the company by buying tokens in the private sale round, you can play the test version to be rewarded with tokens, you can compete in official competitions to get the rarest items in the game… That is how the play-to-earn model, in general, provides a stronger sense of ownership to the players.
The Thetan Treasury and how it works
Thetan Arena, as an NFT game, follows the same principle — with our own tweaks. With years of experience in developing and operating games with different genres and scales, we know how to combine the best of both worlds, traditional games and NFT games, into the Thetan Treasury.
First and foremost, one of the most important inflows is the “Staking Issuance” allocation from our token distribution, which was designed to be the staking reward for $THG (Thetan Gem — Thetan Arena’s Native Currency) holders. This segment accounts for 21% of the total supply, being equivalent to 88,200,000 tokens. Its vesting term is 1 month cliff and is distributed linearly in 36 months. At the time of this article, Staking Issuance has been vested twice with an amount of 6,615,000 tokens. You can check details here: https://doc.thetanarena.com/economy/theta-gem. This will greatly support the development of Thetan Arena even when the revenue stream is limited, as well as assure the longevity of the project.
We also introduced Thetan Marketplace (a common feature in MMO or mobile games), where players can purchase and trade Heroes, Loot Boxes, Cosmetics, and in-game consumables. 70% of $THG revenue from the marketplace will go into the Thetan Treasury. Additionally, a portion of Marketplace Transaction Fee will also be allocated. Thetan Arena will update this information soon.
There are other inflows too. 70% $THG revenue generated from utilities fees will be a source of inflow. These fees may include withdrawing your tokens, hero fusion fees, leveling up your characters, entrance fees for official tournaments, upgrading heroes and others.
The most important role of the Thetan Treasury is redistributing our revenue to the Thetan Arena community. The majority of the treasury will be given to $THG holders who own NFT heroes, the most supportive members of our community.
All users have the chance to play and get rewarded with tokens by leveling up, completing quests or reaching higher ranks on the leaderboard. And in return, they can use these tokens to buy various items, join other activities, or donate to streamers, among other things. This feedback loop will keep the players hooked and keep the economy of Thetan Arena fresh and balanced.
About Thetan Arena
Thetan Arena is an e-sport powered by Blockchain Technology. Gather your friends, build a team, challenge other players in different battlefields, and earn token rewards along the way. Thetan Arena’s gameplay revolves around combining individual skills and team coordination to triumph in 2 different game modes: MOBA and Battle Royale. Monthly updates, competitive tournaments, and a lot of great rewards are waiting for you.
Follow our communication channels to never miss any updates from Thetan Arena:
✅Official Global Group: @ThetanArena
✅ News Channel : @thetanarenanews
✅ Website : https://thetanarena.com/
✅ Facebook : https://m.facebook.com/thetanarena
✅Twitter: https://twitter.com/ThetanArena?s=09
✅ Global Discord :http://discord.gg/thetanarena
