What Is MemeWars (MWAR)?

MemeWars is a blockchain-based decentralized finance (DeFi) game developed on the Binance Smart Chain (BSC). According to the gamepaper of the asset, the MemeWars is a permissionless, decentralized game that functions using on-chain logic. The term on-chain signifies operations that take place on the blockchain and whose value is also verified by the blockchain. Thus, making the game completely autonomous as it does not require any support or off-chain logic to run after it has been launched. In contrast, the term off-chain signifies operations that take place on the crypto network and whose values are moved out of the blockchain.

Further, MemeWars seeks to be a Burn-to-Earn game instead of a play-to-earn one. This means that players have to burn or stake their tokens in order to participate in the game. The burning mechanism implies sending the crypto tokens to an inaccessible wallet to remove them from circulation to decrease supply and increase the asset price. Besides this structure, the game further reflects three teams using one of which participants can play the game. Where all the teams in the game have three specific functions: attack, defense, and production, in which participants have to stake their token for the gameplay. These functions allow participants to win rewards based on their team’s performance and in-game point metrics defined by the game. Further, to ensure and keep this game economy operating smoothly, MemeWars launched its cryptocurrency, the MWAR token.

The MWAR token is the all-purpose single currency of the MemeWars game that functions on the Binance Smart Chain. According to the website of the asset, the token is used as a medium to fuel the in-game wars, which allows participants to win from the game. Besides this usage, the token is also used for many other functions on the MemeWars game, they are:

• The token is used for the purpose of staking on a team in the game.

• MWAR can be used to earn rewards when the team wins a war in the game.

• The token provides the participants with the power to vote on which team to attack.

• The token is also used for investing in liquidity.

• MWAR token facilitates the marketing of the game. These uses of the token allow MemeWars to maintain a healthy gaming economy within the MemeWars’ ecosystem.

History of MemeWars – (MWAR)

The MemeWars game was launched on December 23, 2021 by the MemePad team. The token of the game has an initial total supply of 250,000,000 MWAR.