Thetan Arena has announced that it would begin the new year with a token burn. On December 30th, the announcement was made official through Twitter. The burn will involve the burning of 100 million $THC over the course of four weeks, as well as a staking and conversion program that will take place during the same month. But that’s not all: “EXCITING NEWS ARE ON THE WAY. “Stay tuned,” said the announcement’s concluding detail, promising an eventful year ahead.
The project’s goal is for the burn to have a positive influence on its overall market performance, attracting more investment and attention.
The project has demonstrated the capacity to compete with other major projects in terms of leveraging user engagement, but they still have a long way to go before being acknowledged as a leader in blockchain gaming. Their recent endeavor exemplifies their desire to do so.
According to CoinGecko, the Thetan Arena token ($THG) is now trading at $6.29 USD. The coin has lost more than 65 percent of its value since its all-time high of $21.19 USD. According to CoinMarketCap, the project has a $464 million market valuation and a lot of buzz surrounding the gameplay. According to CoinMarketCap, the $THG token has a total supply of 420,000,000 tokens and a self-circulating supply of 69,352,500 tokens.
What is Thetan Arena, and how does it work?
Thetan Arena is a Binance Smart Chain-based free-to-play play-to-earn mobile game. The MOBA game intends to link crypto owners with streamers and gamers, as well as being considered an e-sports game. They use a free-to-earn model in which users may earn Thetan Coins and Thetan Gems by putting in time and effort with a free hero, Raidon, rather than spending money on their own heroes.
Visit their website and the following links to learn more about the project: