Trying a play-to-earn model is nothing new in the NFT gaming industry, but to pull it off is still a remarkable feat. This model must be backed by a robust, self-sustaining, and self-sufficient economy along with a stable token system. That is why we built the Thetan Treasury — and in this article, we want to discuss the mechanic in more detail so you, our Thetanians, can get the best out of Thetan Arena’s play-to-earn model!
A brief Introduction to the play-to-earn model
One of the drawbacks of traditional game development is the players are not often aware of what is going on with the project. They have to passively wait for updates from their supported developers and in many cases, the project they followed is abandoned with minimal compensation or without any compensation at all. The reason behind this is that traditional gaming follows a pay-to-play model, where games can be seen as goods that you purchase and use for a limited time.
An alternative is the free-to-play model, but pay-to-progress, which is very popular in Korean MMOs, is often frowned upon by Western MMO fans. Even crowdfunding platforms could only partially solve this problem by introducing backing mechanisms and transparent marketing. But in the end, it is not enough, because from the players’ perspective, they still don’t have any ownership of the project.
NFT (non-fungible token) games aim to fix this by pioneering a new model: play-to-earn. The idea is simple: instead of purchasing a game to play, you — the players — are incentivized to play a game to earn rewards that can be converted into real money. At the same time, all players who are enthusiastic about the game will participate in its development as well. And this process takes many forms: you can directly invest in the company by buying tokens in the private sale round, you can play the test version to be rewarded with tokens, you can compete in official competitions to get the rarest items in the game… That is how the play-to-earn model, in general, provides a stronger sense of ownership to the players.
The Thetan Treasury and how it works
Thetan Arena, as an NFT game, follows the same principle — with our own tweaks. With years of experience in developing and operating games with different genres and scales, we know how to combine the best of both worlds, traditional games and NFT games, into the Thetan Treasury.
First and foremost, one of the most important inflows is the “Staking Issuance” allocation from our token distribution, which was designed to be the staking reward for $THG (Thetan Gem — Thetan Arena’s Native Currency) holders. This segment accounts for 21% of the total supply, being equivalent to 88,200,000 tokens. Its vesting term is 1 month cliff and is distributed linearly in 36 months. At the time of this article, Staking Issuance has been vested twice with an amount of 6,615,000 tokens. You can check details here: false. This will greatly support the development of Thetan Arena even when the revenue stream is limited, as well as assure the longevity of the project.