Having quickly reached more than 10 million players within 4 weeks, Thetan Arena has been breaking records that no NFT game had been able to achieve before. We were only able to do this thanks to all the Thetanians’ love and support.
As one of our mottos being “YOU FEEDBACK — WE LISTEN”, Thetan Arena always tries to take immediate action in response to the rapidly growing and constantly changing cryptomarket. Our aim is to bring you a healthy, growing economy and a balanced ecosystem. That’s why we created this program called “$THC Burning and converting program #1”.
As an NFT game, Thetan Arena wants to make sure the internal circulating economy of the game and our players’ gaming experiences won’t be critically affected by changes in the cryptomarket. We use 2 tokens called $THC and $THG and create programs to incentivize players to utilize tokens, thus ensuring the internal economy flow against any negative impact.
$THG and $THC
In Thetan Arena, there are 2 tokens: $THC and $THG. Both are listed and tradeable on many DEXs & CEXs.
$THG (Thetan Gem) is the main token of Thetan Arena to keep the ecosystem sustainable, with lots of use cases:
— Governance Voting
— Get dividend shares from Treasury which is $80M now only after more than 3 weeks of launching. The Treasury will continue to grow big in values!
— $THG is essential and plays many parts in our in-game economy: $THC withdrawal fees, hero upgrading, Legendary Box payment
— Staking
— Furthermore, in the near future, you will need $THG to STAKE NFT hero and FUSION NFT hero.
While sharing many aspects like $THG, $THC (Thetan Coin) is generated as you play and progress in the game from the daily amount of earnable $THC from battles or ranking rewards to ensure the free-to-play and play-to-earn system works well.
Why burn $THC?
When a certain number of tokens are burnt, it is removed from the economic circulation of the game permanently. Such a process is meant to keep its price at the equilibrium and incentivize the healthy growth of the whole economy.
However, with Thetan Arena’s $THC burn and converting program #1, it’s more than just throwing away the $THC. Thetan Arena will let you convert your $THC at extremely attractive rates and give you $THG in return.
How does the $THC burning and converting program work?
Thetan Arena will activate a feature called Converting Portal on our official marketplace. Thetanians can convert a specific amount of $THC & convert it into $gTHG with a very attractive exchange rate. However, to secure a sustainable growth of Thetan Arena’s economic, converted $gTHG will be locked up to 60 days & be vested daily in the next 90 days.
We will use the $5M from the Thetan Box Flash Sale revenue ($27,97M in total) to buy back $THG on the market. Then the amount of $gTHG will be distributed to those $THC’s converters through the portal. After that, we will burn all the $THC collected. To be more specific:
First, choose the exchange rates you wish for, each rate will have a different lock-up time and vesting term.
Next, the system will inform you of the amount of $gTHG will be offered equally to the total value of $THC input at the time being.
All of the amount of $gTHG converted will be shown clearly for all Thetanian’s reference.
$THC convert limits:
– Minimum: 2.000 $THC
– Maximum: 10.000 $THC
Pool: $5M
Dates: December 29th, 2021 to December 31st, 2021
The program is exclusive to Thetanians who own NFT heroes and can be ended early if the pool is entirely spent.
Why do we only use $5M?
This is the very first activity of the $THC Converting Program, and $5M is the calculated amount which won’t have a bad impact on the economy.
Rest assured, we will use all of $27.97M with a suitable route to effectively capture the value of both tokens $THC and $THG.
Why should you join this program and be a $THG holder?
With this $THC burn and converting program #1, true Thetanians can transform themselves from just players to Thetan Arena’s stakeholders by holding $THG, a powerful governance token.
As $THG owners, you are eligible for governance voting and get dividends from Thetan Arena’s treasury, which is worth more than $80M.
$THG can also be spent on gTHC withdrawal fees, hero upgrades, Legendary Thetan Box payment, staking, and NFT heroes’ fusion, and many more features in the future. As a part of our obligations to $THG holders, Thetan Arena will ensure your benefits as well as gaming experiences are well-covered.
About Thetan Arena
Thetan Arena is an e-sport powered by Blockchain Technology. Gather your friends, form a team, and challenge other players in 4 different modern and trending game modes, earning token rewards along the way. Thetan Arena’s gameplay revolves around combining individual skills and team coordination, coming with monthly updates, competitive tournaments, and a lot of great rewards.
JOIN THETAN ARENA NOW!!!
For the latest updates, follow our official channels via these links below:
✅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
