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Thetan Arena

THG

Price
$0.0878
10/3/2022, 2:45:16 PM
diamondHands

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Market

Market stats

Market cap

$10.0M

Volume (24h)

$889,692.60

Circulating supply

113.6M THG

All time high

$21.19

Price change (1h)

-0.08%

Price change (24h)

+2.8%

Price change (7d)

-0.79%

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Thetan Arena is on the decline this week.

The price of Thetan Arena has fallen by 0.79% in the past 7 days. The price increased by 2.80% in the last 24 hours. In just the past hour, the price shrunk by 0.08%. The current price is $0.087841 per THG. Thetan Arena is 99.59% below the all time high of $21.19.

The current circulating supply is 113,584,953.66 THG.

About

What Is Thetan Arena (THG)?

Thetan Arena is a blockchain-based e-sports game. The game offers multiplayer support, allowing users to form teams and engage in battles with others. The game also allows users to earn crypto rewards for their performance and skills within the game. According to Thetan Arena, its mission is to create a platform that allows crypto users to connect with online gamers and streamers. Integration of these groups, Thetan Arena claims, can lead to a sustainable ecosystem for gaming and peer-to-peer exchange of digital assets across the globe. The gaming platform aims to make the gameplay attractive and entertaining, provide strong streaming support, and create use cases for its native digital assets.

Thetan Arena states that games are an integral part of human life, as they allow human beings to explore their hidden skills and abilities on an individual and societal scale. The platform further claims that while action games involve quick thinking and handling and adventure games involve imagination, online games involve interaction and teamwork. Thetan Arena claims that blockchain technology can help traditional games achieve unprecedented feats with features like decentralization, transparency, security, etc.

In the game, players can equip their heroes with weapons dropped on the battlefield. The heroes are divided into three categories of Tank, Assassin, and Marksman. Each hero has unique stats based on their battlefield duties. Players can form teams or play solo and combat others to get rewards and increase their hero’s stats. The game allows players to try out heroes before purchasing them. 

The platform has two native cryptocurrenciesThetan Gem (THG) and Thetan Coin (THC). Thetan Arena seeks to use the two-token model to create an incentive-based economy that can encourage user participation. The mechanism performs two functions—it rewards players for interacting with the platform and utilizing the tokens and helps in decentralizing the platform. Thetan Arena says that the two-token economy will also help improve the ecosystem’s sustainability and scalability. 

The THG token functions as the platform’s utility token. THG token can function as a medium of exchange between network participants. The platform aims to utilize THG to create a decentralized and secure payment channel for the participants but not for the general public outside the ecosystem. Moreover, users can also earn THG tokens by staking Thetan Heroes, the official digital collectibles or NFTs used in the game.

However, THC has an unlimited supply and is distributed as earnings for playing the game. Users can earn THC for participating in battles and quests and even as ranking rewards. Additionally, THC can also be used to buy Thetan Arena’s box system, Thetan Box, and to reward the streamers for streaming games online. 

History of Thetan Arena (THG)

The Thetan Arena was launched by Wolffun Game, an organization founded in 2014 as an online mobile PvP gaming platform. Wolffun launched its first game in the action genre, called Tank Raid Online, in 2015. The platform was cofounded by Khanh Nguyen, Hoang So, and Yoko. Nguyen is the CEO, Hoang is the CTO, and Yoko is the CFO of Wolffun Game. The core team includes COO Danny Doan and CMO Dung Phan, apart from the cofounders. Thetan Arena was launched in Q4 of 2021. According to a report by GlobeNewswire, the game had more than 5 million active users after the first week of launch. 

As per Thetan Arena, the game was developed over three years by a team of 20, and it already has more than 10 million downloads.

How Are THG Tokens Earned?

Primarily, THG tokens are earned by staking NFT on the platform. Players can earn THG tokens by participating in the tournaments and winning rewards. The platform also conducts special events that allow players to earn THG tokens. Additionally, by participating in the marketplace, users can earn THG tokens.

How Many THG Tokens Are There?

THG has a maximum supply of 420,000,000 tokens. 21% of the tokens are to be issued by staking, and 19% are to be issued as gaming rewards. 10% of the tokens are available for strategic sale, and 5% is reserved to provide liquidity to the platform.

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FAQ

What is the current price of Thetan Arena?

The price of 1 Thetan Arena currently costs $0.0878.

What is the market cap of Thetan Arena?

The current market cap of Thetan Arena is $9.97M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Thetan Arena?

The all-time high of Thetan Arena is $21.19. This all-time high is highest price paid for Thetan Arena since it was launched.

What is the 24 hour trading volume of Thetan Arena?

Over the last 24 hours, the trading volume of Thetan Arena is $889.69K.

What other assets are similar to Thetan Arena?

Assets that have a similar market cap to Thetan Arena include King DAG, TABOO TOKEN, Shiden Network, and many others. To see a full list, see our comparable market cap assets.

How many Thetan Arena are there?

The current circulating supply of Thetan Arena is 114 million.

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