Staking features headline the BNB Chain PlayToEarn gaming project’s token utility.
$FARA Uses
Faraland, a PlayToEarn gaming project on BNB Chain, released details on the utility cases of their native token, $FARA
The team behind Faraland released a graphic on the use cases of the $FARA token on February 26 through a tweet on their official twitter account. $FARA staking seems to be the headline use case for the $FARA token. The Web3Wire team reached out to Faraland to learn about the thought process behind releasing the graphic.
“There reasons behind this tweet are simple. One, we want to remind our users about the use case of our token – $FARA. Two, we want to draw our user’s focus on our token and staking method, which will be updated in the next few days,” Leona Le, Faraland’s Head Of Partnerships told Web3 Wire. “Some of the big features to be mentioned are new APR rate [and] merging the staking on Faraland and FaraStarter together so users can enjoy all the benefits at one platform.”
Staking $FARA allows players to join the Farastarter or to level up heroes. The $FARA token will also be used as a voting mechanism for the DAO, upgrade equipment, and trade on the marketplace. $FARA also gives the players the ability to give unique names to their heroes, as well as buy equipment from their Gacha system.
What is Faraland?
With a goal to become the leading game on the Binance Smartchain, Faraland is a role playing strategy mobile multiplayer game that integrates NFT blockchain technology. It features heroes of several different ethnicities or races – Humans, Orcs, Elves, Fairies, Dragonborns, Angels, and Demons. Each Hero is special and unique – not just your normal NFT collectible. They allow the players to engage in combat inside the Faraland metaverse. Check out their website to know more about Faraland.
Source : bsc.news
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