Thetan Arena

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Discover Thetan Arena's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Thetan Arena?

Thetan Arena (THG) is a functional utility token used as the medium of exchange within the Thetan Arena ecosystem. It incentivizes users to participate in various activities such as tournaments, marketplace transactions, and governance by offering rewards in the form of THG tokens. THG tokens can be earned through gameplay, staking, and completing challenges, and they enable users to vote on governance proposals, ensuring decentralized community governance.

How is Thetan Arena used?

Thetan Arena (THG) is a functional utility token used as the medium of exchange between participants on the Thetan Arena platform. It provides a convenient and secure mode of payment and settlement within the ecosystem. THG does not represent any shareholding or interest in the company and is not intended to be used as a medium of exchange for goods or services outside of Thetan Arena.

Earning THG

Users can earn THG by participating in various activities on the platform, such as:

  • Participating in tournaments
  • Engaging in the Marketplace
  • Staking Thetan Heroes and completing challenges
  • Participating in governance by creating and voting on on-chain proposals
  • Completing certain tasks and achieving specific milestones.
Claiming THG

Players can claim THG tokens from gTHG earned in the game. The first claim requires a player account to have been created for at least 12 days, and subsequent claims can be made every 48 hours. A 4% transaction fee based on the claimed THG is charged in gTHG, with a minimum chargeable fee of 5 gTHG.

Utilities

THG is used to enable usage and interaction within Thetan Arena, providing economic incentives to encourage user participation and contribution. It is an integral part of the platform, as it incentivizes users to expend resources and participate in activities that benefit the ecosystem.

How do I store Thetan Arena?

To store Thetan Arena (THG) tokens, you have several options:

  1. Metamask Wallet: You can add the THG token to your Metamask wallet by following these steps:

    • Unlock your Metamask wallet.
    • Scroll to the bottom of the assets tab.
    • Click the "Add Token" button.
    • Select the "Custom Token" tab.
    • Enter the token contract address.
  2. Exchanges' Wallets: You can store your THG tokens on exchanges' wallets, such as Binance Wallet, if you plan to trade them frequently.

  3. Crypto Wallets: For long-term storage, you can use crypto wallets like Trust Wallet. These wallets offer better security and flexibility.

  1. Cold Wallets: For maximum security, consider using cold wallets, which are offline and less vulnerable to hacking.

  2. Atomic Wallet: Atomic Wallet is another option that supports THG tokens, offering private and secured storage, as well as anonymous swapping for over 1000 crypto pairs.

Remember to always prioritize security and choose a wallet that fits your needs and risk tolerance.

How to buy Thetan Arena?

To buy Thetan Arena (THG) tokens, you can follow these steps:

  1. Choose a Centralized Exchange (CEX):

    • Register an account on a reliable CEX that lists THG, such as MEXC.
    • Complete the Know Your Customer (KYC) verification process.
    • Deposit funds into your account using methods like credit cards, bank transfers, or other supported payment options.
  2. Buy THG Directly:

    • Navigate to the "Buy Crypto" section and select THG as the desired token.
    • Choose your preferred payment method and complete the purchase.
  3. Buy THG via Stablecoin:

  • Purchase a stablecoin like USDT first.
  • Use the stablecoin to buy THG on the spot market.
  1. Use a Decentralized Exchange (DEX):

    • Download and set up a compatible crypto wallet like Trust Wallet or Metamask.
    • Buy the mainnet cryptocurrency of the blockchain the DEX runs on (e.g., BNB for Binance Smart Chain).
    • Transfer the cryptocurrency to your wallet.
    • Connect your wallet to the DEX (e.g., Pancake Swap).
    • Swap your cryptocurrency for THG using the contract address: 0x9fd87aefe02441b123c3c32466cd9db4c578618f.
  2. Add THG to Your Wallet:

    • If using Metamask, add the THG token manually by entering the contract address.

Remember to always follow security guidelines and be cautious of scams.

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History of Thetan Arena

Thetan Arena (THG) is a cryptocurrency token associated with the Thetan Arena project, a blockchain-based e-sport game. The game allows players to form teams, battle with others, and earn money using their skills. It combines elements of MOBA and Battle Royale gameplay with monthly updates and rewards.

The token sale for Thetan Arena took place on September 15, 2021, with a price of $0.08 per THG. The hardcap for the sale was set at $100,000. Since its initial sale, the token has shown a significant return on investment (ROI) compared to its initial price.

Thetan Arena operates with two tokens, $THC and $THG, which serve as economic incentives for players to participate in various activities within the game. This dual-token system aims to ensure the sustainability and scalability of the ecosystem.

The Thetan World platform, which includes Thetan Arena, also features a Play-to-Earn system and has released an NFT collection, further expanding the project's offerings.

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How Thetan Arena works

Thetan Arena (THG) is a cryptocurrency token that powers a play-to-earn (P2E) multiplayer online battle arena (MOBA) game. The game is designed to be highly engaging, with intense gameplay and a variety of activities that encourage players to participate and earn rewards.

Tokenomics

Thetan Arena operates on a dual-token model, with two main currencies: THC and THG. THC is the primary token used for in-game rewards, while THG is the governance token that facilitates various activities and upgrades within the game. THG has a supply cap of 420 million tokens, which helps maintain the token's value as the user base grows.

Gameplay and Earning

Players can form teams, battle against others, and earn token rewards in the form of THC. The game is free-to-play, allowing players to start with non-NFT heroes. However, players can also acquire NFT heroes, which can be sold and exchanged on crypto markets. The rarity and stats of heroes impact gameplay and earning potential, making it strategic to choose the right heroes and upgrade them using THG.

Upgrades and Deflation

THG is used to upgrade hero NFTs, which not only enhances gameplay but also reduces the supply of THG in the market. As more players enter the game and upgrade their heroes, the demand for THG increases, driving up its value. This mechanism ensures that the token remains valuable and scarce.

Staking and Earning Interest

THG can be staked to earn interest, with the potential to earn up to 125% APY. This incentivizes players to hold onto their THG tokens, further reducing the supply in the market and supporting the token's value.

Initial Decentralized Offering (IDO)

Thetan Arena conducted an IDO on Polkstarter, where 200,000 THG tokens were available for purchase at $0.08 per token. Participants had to whitelist and pass a KYC process to be eligible for the IDO.

Overall

Thetan Arena's tokenomics are designed to create a sustainable and scalable ecosystem. By combining engaging gameplay with economic incentives, the game encourages players to participate, earn, and upgrade, ultimately driving the value of the THG token.

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Thetan Arena's strengths

The token Thetan Arena (THG) has several strengths that contribute to its utility and value within the Thetan Arena ecosystem. Here are some of the key strengths:

  1. Functional Utility Token: THG is designed to be used as the medium of exchange between participants on Thetan Arena, providing a convenient and secure mode of payment and settlement within the game ecosystem.

  2. Economic Incentives: THG offers economic incentives to users who contribute to and participate in the ecosystem, encouraging active engagement and fair compensation for efforts.

  3. Staking Program: The THG staking program allows holders to stabilize the token's value by decreasing the token in circulation and earning additional THG rewards. This program includes various staking options tailored to different user preferences, making it flexible and attractive.

  1. Governance: THG holders have the right to create and vote on on-chain governance proposals, enabling decentralized community governance for the network and allowing users to influence the future development of Thetan Arena.

  2. Play-to-Earn: Thetan Arena is a play-to-earn game, allowing players to earn THG rewards by participating in various activities such as tournaments, marketplace transactions, and completing challenges.

  3. Multi-Platform Availability: Thetan Arena is available on multiple platforms, including PC, Android, and iOS, making it accessible to a wide range of users.

These strengths collectively enhance the value and utility of THG within the Thetan Arena ecosystem, making it an attractive option for users and investors alike.

Thetan Arena's risks

Thetan Arena (THG) is a cryptocurrency project that has faced significant financial risks. The project has been plagued by issues such as high gas fees, which have made it difficult for users to withdraw their funds. For instance, users need to pay 5 gTHG to withdraw a minimum of 50 THG, which can be costly if the token's value is high. This has led to frustration among users and a loss of trust in the system.

Additionally, the project has been criticized for its handling of customer support. Many users have reported issues with receiving their purchased items, such as mystery boxes and heroes, and have been left with significant financial losses. The lack of effective customer support has further eroded confidence in the project.

The token's price volatility is another significant risk. THG's price has fluctuated wildly, with its all-time high being around $20 and currently trading at a much lower value. This volatility can result in significant losses for investors who buy at the wrong time.

Furthermore, the project's reliance on events and fusions to drive the token's value can be detrimental to real investors. If these events do not materialize or are not well-received, the token's value could drop significantly, causing losses for investors.

Overall, Thetan Arena (THG) is considered a high-risk investment due to its history of poor customer support, high gas fees, and price volatility. Investors should exercise caution and thoroughly understand the associated risks before investing in this project.

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Did Thetan Arena raise funds?

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Thetan Arena’s team

  • CEO and Founder: Nguyen Dinh Khanh, who specializes in online games and has experience in the gaming and blockchain industries.

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The fundamental analysis assistant for crypto value investors.

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