The New Year has inspired an initiative by Thetan Arena that is likely to please its community.
Burning Through to 2022
Thetan Arena has announced it is set to kick the new year off with a strategic token burn.
The announcement was made official via Twitter on December 30th. The burn will see 100 million $THC burned over four weeks alongside a staking and converting program to take place within the same month, and it seems that isn’t all there is:
“MORE EXCITING DETAILS ARE COMING. Stay tuned,” read the final detail in the announcement, indicating an exciting year to come.
The hope for the project will be that the burn can have an invigorating impact on its general market performance and draw in further investment and interest.
The project has shown a capability to compete with other leading projects in terms of utilizing user interest but will know that they have a long way to go before they are recognized as a leading light in blockchain gaming. The latest initiative underlines their ambition to do just that.
The Thetan Arena token ($THG)currently trades at $6.29 USD, according to CoinGecko. The token is down over 65% from its all-time high of $21.19 USD. The project has a robust $464 Million market capitalization, according to CoinMarketCap, and significant hype around the gameplay. The total supply of the $THG token is 420,000,000 tokens and a self circulating supply of 69,352,500 tokens, according to CoinMarketCap.
What is Thetan Arena?
Thetan Arena is a free-to-play play-to-earn mobile game built on Binance Smart Chain. The MOBA game aims not just to be considered an e-sports game, but also to connect crypto owners with streamers and gamers. They have a free-to-earn model that allows players to earn Thetan Coins and Thetan Gems by investing time and effort using a free hero, Raidon, instead of investing money to purchase their own heroes.
Source BSC News
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.