Thetan Arena Tokenomics: All you need to know

The total supply: Unlimited, Playing the game will give you $THC. You can add them to your wallet once you've earned them.

thetan-arena.jpg


Earn

Battle: The amount of $THC bonus you receive in each battle is determined by the trophy class and rarity of the hero.

Quest Points: Quest Points are earned by completing quests in the game. You'll be able to swap Quest Points for $THC Ranking Rewards once you've accumulated enough. Players who rank up can get $THC.

Utilities

Thetan Coin ($THC) is the primary money in use at Thetan Arena. The following actions involve the use of $THC: Thetan Box is available for purchase at the following locations: Thetan Box is the hub for all Hero in the Thetan Arena system.

Streamer rewards: $THC can be used to reward streamers who broadcast games.

Thetan coin_resize.png


THC Tokens can be claimed
  • THC tokens (Thetan Coin) can be claimed from gTHC in-game earnings.
  • To claim THC for the first time, you must have a Player Account that has been active for at least 12 days. Following that, the player can make a claim once every 48 hours. (A Bronze I Rank is also required for the initial THC claim for players who have not made any purchases on the Marketplace.)
  • The amount of THC that can be claimed has minimum and maximum limits that vary depending on the reliability of individual testimonies.
  • Many elements influence account credibility, including, but not limited to, battles played, rank, total purchase volume on the Marketplace, and combat conduct point...
  • A 4% transaction fee based on the amount of THC claimed will be converted and invoiced in gTHG.
  • 0.3 gTHG is the minimum fee that can be charged.
Tokenomics
  • Using $THG and $THC as economic incentives to encourage users to participate in ecosystem activities is our goal. The processes mentioned above are designed to achieve two key objectives:
  • To incentivize users to use tokens for transactions while rewarding them for interacting with Thetan Arena, in order to develop an internal circulating economy.
  • Thetan Arena's ownership and governance will be decentralized.
Why use a two-token model?
To ensure the ecosystem's long-term viability and scalability.

Thetan Treasury
  • All of Thetan Arena Arena's revenue streams (for example, marketplace fees and fees for evolving heroes) will be split into two categories:
  • X percent (TBD) will go to the company to help them continue to develop Thetan Arena, with the rest going to all active contributors in proportion to their donations.
  • Y percent (TBD) will go to Thetan Treasury, where it will be distributed proportionately to all active contributors.
Treasury of Thetan
The money would be re-distributed as incentives for active participants participating within the ecosystem to establish a self-sustaining, closed-loop economy. In order to obtain prizes, all users must contribute to the game's development. Once governance is implemented and the network is decentralized, governance will set the parameters and circumstances for allocations to diverse organizations, and no centralized party will be able to manage such things unilaterally.

Distribution - chart - 20210914.JPG


Inflows into the Treasury
4.25 percent of all Thetan NFT marketplace transactions are directed to the Treasury.

Selling Heroes, Thetan Boxes, cosmetics, and in-game consumables (the $THG portion of the ecosystem cost). In addition, there will be costs for leveling up gaming characters, participating in tournaments, and upgrading Heroes.

Cosmetic sales, tournament entry fees, licensing fees, and other similar revenue sources will all be available in the future as new opportunities arise.

Thetan Box

Thetan box is a box system sold on the Marketplace by Thetan Arena system.
Purchasing a Thetan Box costs THG or THC, depending on the type of Thetan Box you want (Common and Epic boxes require THC). Legendary boxes (THG). The THG component is flexible and subject to change depending on a variety of economic conditions.

Drop-Rate of the Thetan Box

ThetanBox-droprate-20211114.png


Thetan Gem (THG)

Thetan Arena's native digital cryptographically secure fungible token (ticker symbol $THG) is a transferable representation of attributed governance and utility functions specified in Thetan Arena's protocol/code, and is designed solely for use as an interoperable utility token on the games ecosystem.
$THG is a functional utility coin that will be utilized as a decentralized medium of exchange between members on Thetan Arena. The purpose of introducing $THG is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on Thetan Arena. It is not, and is not intended to be, a medium of exchange accepted by the general public (or a segment of the general public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by anyone as payment for any goods or services that are not exclusively related to Thetan Arena. $THG does not represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise, or undertaking, nor does it entitle token holders to any promise of fees, dividends, revenue, profits, or investment returns, and it is not intended to be regarded as a security in Singapore or any other relevant jurisdiction. $THG may only be used on Thetan Arena, and ownership of $THG confers no rights, express or implied, other than the ability to use $THG to enable Thetan Arena usage and interaction.

ThetanGem-chart.JPG


$THG also offers the financial incentives that will be distributed to encourage users to contribute to and participate in Thetan Arena's ecosystem, resulting in a mutually beneficial system in which each member is appropriately compensated for their work. Because there would be no motivation for users to spend resources to participate in activities or provide services for the benefit of the entire ecosystem on Thetan Arena without $THG, it is a fundamental and indispensable aspect of Thetan Arena. Due to the fact that an additional $THG will be awarded to a user based solely on their actual usage, activity, and contribution on Thetan Arena, and/or proportionate to the frequency and volume of transactions, users of Thetan Arena and/or $THG holders who did not actively participate will not receive any $THG incentives.

Earn
  • Thetan Area will host Special Events where participants can earn $THG and unique crypto collectibles (NFTs).
  • Users can earn $THG by participating in tournaments.
  • Users can earn $THG by participating in the Marketplace.
Utilities

Staking Thetan Heroes and participating in a number of ecosystem activities and tasks, such as achieving particular challenges, outperforming other players, accruing play-time, introducing new users to the game, or participating in governance, would earn users $THG prizes.

$THG holders would be able to create and vote on on-chain governance proposals to determine future features and/or parameters of Thetan Arena (the right to vote is limited to voting on features of Thetan Arena; it does not entitle $THG holders to vote on the Company, its affiliates, or their assets, or the disposition of such assets to token holders, or select t

Token metrics - chart - 20210914.JPG


Fees for transactions
  • In gTHG, a 4% fee will be paid based on the amount of THG claimed.
  • 5 gTHG is the smallest cost that can be charged.
 

Reply