Thetan Arena is the first blockchain-based game following a MOBA format in a battle royale model where players go head-to-head against each other, using unique skills and abilities to outcompete other players.
There are tons of blockchain-based games gaining traction today. However, most of them employ a card or turn-based gaming model, which are already a bit saturated in both the traditional and crypto gaming sectors. This is where Thetan Arena enters, a play-to-earn game that is the first of its kind in the market.
Thetan Arena features a multiplayer-based model where users can compete with each other through in-game champions. They will also have the opportunity to earn native tokens from the game by participating in in-game activities and events.
Thetan Arena is a new game developed by studios such as the Vietnam-based KardiaChain and WolfFun games. The game began with an initial investment amounting to over $2.1 million. In terms of gameplay, it was patterned after Heroes Strike, a multiplayer online battle arena (MOBA) game developed by the WolfFun Games. That game had more than 10 million unique downloads on Google and also earned a Google Editor’s choice award.
Taking off from there, Thetan Arena seeks to create a game ecosystem that blends well with blockchain technology to enable a reliable and stable play-to-earn opportunity for beginners and experts alike.
Large blockchain investment firms have already expressed their support for the Thetan Arena. These are companies such as Animoca Brands, Formless Capital, DFG, Spark Digital Capital, Vixen Ventures, Axia8, Clovers Ventures, Everest Ventures Group, Kardia Ventures, AU21 Capital, K300, and Decom Holdings, among others.
What is the Thetan Arena?
Thetan Arena is the first blockchain-based game following a MOBA format, distinguishing itself from the common and popular card-based games in the non-fungible token (NFT) space today.
This multiplayer game features a battle royale model where players go head-to-head against each other, using unique skills and abilities to outcompete other players.
The game will be free-to-play. It also offers other opportunities for users to incentivize participation and use, such as free skins, loot boxes, saleable champions, and more.
In each game, each player will be given a choice of their champion. These champions will have different skills and abilities that users will have to strategically use to their advantage.
But while the game looks extremely refreshing, it still employs traditional gameplay mechanisms that many users might have enjoyed from already existing MOBA games. It also looks into tapping the interest of Heroes Strike’s 10 million unique followers for their potential target market.
On the 16th of September 2021, the team behind Thetan Arena plans on launching their token through an initial decentralized offering (IDO). This is a method for the developers to raise funds for the program. The IDO will take place on Polkastarter, one of the most popular crowdfunding platforms in the blockchain today.
There are more details to come in the future, but whitelisting procedures to participate in the sale is already available. The game previews are already available for interested players to see.
THG is the game’s native token. It will have different use cases, such as being a medium of exchange, store of value, staking, and voting. As of yet, THG will only be available through the IDO on Polkastarter and there is a process that users have to comply with in order to purchase the tokens.
Token holders can earn additional THG via staking. This means depositing a portion of their holdings on smart contracts, providing stakers with a share of the earnings of the game through the Thetan Arena Ecosystem Revenue. This reward is designed to also incentivize users in making other contributions beyond just engaging with the game.
The governance of the platform is decentralized, opening the decision-making process over important game parameters and protocols to tokenholders. They will also have the opportunity to vote on how the game will be developed in the future. The number of their THG tokens will also influence the weight of their vote when it comes to governance functions.
There are certain in-game benefits, such as upgrades, loot boxes, guild and global war participation that are only exclusive to THG holders. There is also a minimum amount of THG holdings required for different in-game benefits. However, this will be flexible based on various economic factors.
Users can earn additional THG by contributing to the platform’s special tournaments and events. The THG tokens that they earned can also be swapped for other cryptocurrencies or sold in the market.
How can you get THG?
The only way you can get your hands on more of the early THG tokens allocated for the market is through participation in the IDO on Polkastarter. Again, this will take place on September 16, 2021.
It is important to understand that before you participate in the IDO, you have to prepare for the whitelisting. Polkastarter has a list of whitelist tasks that users have to comply with if they wish to qualify for the lottery draw.
Here are some details on the Thetan Arena Polkastarter IDO:
- IDO Date: Thursday, 16th September 2021
- Price of THG token: $0.08 per token
- $200,000 will be available through the IDO, totaling 2,500,000 THG tokens
- Max cap per person: $200 (in BNB)
- Network: Binance Smart Chain
The compliance to the whitelist submissions opened last September 6, 2021. It will close on September 12, 2021. The whitelisting process will generate a randomized draw to determine those who can participate in the IDO.
There will be a total of 1,000 winners for the whitelisting lottery, with each of them eligible to purchase $200 worth of THG tokens. Remember, however, that as soon as you are picked for the IDO, you will also have to pass the Thetan Arena KYC process.
The list of the countries that are prohibited from joining the IDO includes the US, Canada, China, New Zealand, Cuba, North Korea, Timor-Leste, Cambodia, Laos, and many more.
The rise of play-to-earn game modes on the blockchain space is becoming more and more noticeable. With a lot of games designed to compete for the market, the success amongst each one of them can be a little uncertain. This is why deciding to participate in a game, holding their governance tokens, and expecting a quick return of investment, is something everyone has to be careful about.
Thetan Arena looks like a refreshing addition to the array of blockchain-based games we are enjoying today. The graphics and gameplay is pleasant and enjoyable. However, because it is multiplayer-based, the success of the game also depends on the number of users it can attract. Luckily, it enjoys the first-mover advantage when it comes to MOBA games on the blockchain.
Given that the game is expected to be easy-to-play, it might not face many hurdles when it comes to attracting new players. The challenge, therefore, is how the game will be able to create an incentive model for players that will entice them to stay and keep playing the game. But looking at where the game is right now, the amount of institutional interest surrounding the game makes its outlook promising.