Understanding Warena Tokenomics – Bitcoin Addict

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Great tokenomics design is essential to creating a great blockchain game. Game tokenomics are required to achieve the following objectives:

  1. Balance fun and challenging for players.
  2. Ensures that this challenge persists as players exchange in-game assets or items with each other.
  3. Ensuring that the game tokens are priced and rewarded for players who are able to achieve in-game success.
  4. Create a game that puts the player’s interests first.

To achieve these objectives, Warena takes inspiration from the top game in the crypto industry and uses a dual token design:

  • WARE Tokens, which are used for gaming mechanics and serve to help players turn their gaming wins into financial gains.
  • RENA Tokens will be limited to use for governance and staking, which ensures that the community participates in governance and sharing in project success.

This token design allows flexibility for Warena in order to optimize the reward mechanism in gaming with WARE tokens and continue to develop these as new features roll out. Limited by the number of supply that gives the holder the right to propose a policy. including the direction of the game with a predetermined number of coins

We will go into detail on how to use these two Warena tokens in detail below.

Please note that the numbers and details given below reflect current plans to the date this article was published. As the project progresses Information gathered from alpha and beta player testing may require teams to modify these details to create the best possible player experience.

In Warenas’ initial launch, there were three common activities that could affect user token holdings:

  • Gameplay
  • Marketplace purchases
  • Staking

Let’s take a look at how WARE and RENA are used in each topic.

Gameplay

Battles and missions that players complete are rewarded with WARE tokens.

And in order for the WARE tokens to not be overused and to maintain their value, the use of the WARE tokens has to be created and is an essential part of the fun gameplay.

Some of the usage of the WARE tokens will be imposed on Marketplace purchases, and others will be used for milestones in game progress.

But the gameplay mechanics have a good chance of getting WARE tokens out of the system to keep the number of tokens intact:

  • Combat (example special attacks) requires WARE to play.
  • Temporary multiplier for buff or debuff for enemies can use WARE.
  • Able to enter various gaming areas or tournaments using WARE.

Every time the system receives 20% WARE it will be sent to the system treasury. and the remaining 80% will be incinerated. This will remove 100% of the collected WARE from the system.

The collection of fees for the system’s treasury is done to ensure that the system receives the WARE tokens consistently. This facilitates the provision of WARE tokens to be sold on the marketplace and helps the Treasury to turn WARE into future capital.

As for RENA, tokens are also given to players as in-game rewards. These tokens will be supported by the award allocation. which is also controlled smart contract This allows for more control over the distribution of RENA tokens. As a result, your chances of earning RENA are much more limited than your WARE chances and are expected to be earned only for exceptional gaming achievements.

General

The market is where Warena players can go and buy various in-game items, the details of which will be announced later.

For items sold by developers Players will have the option to use BNB tokens (Warena is being built on Binance Smart Chain), however Warena will allow all Marketplace users a fixed % discount on the BNB price if they purchase these items. using RENA tokens

A special discount will be available to players who have achieved a special goal in the game. Expect to include the option to burn WARE to access more discounts on these purchases. This is another method Warena uses to control the token amount of WARE tokens.

WARE bought in the marketplace

As mentioned, WARE is used to play games in real time. and engaging players to use, such as obtaining new NFTs

As a digital asset, WARE will be freely purchased and sold on DEX markets and centralized exchanges. However, for convenience, Warena will also allow players to purchase WARE from the same place they use to buy and sell in-game items.

The price of the WARE token will be announced later.

Warriors

There are 4 levels of characters in the game:

  1. Common
  2. Rare
  3. Epic
  4. Legend

The character hierarchy cannot be changed after receiving it (except for epic classes, which can be upgraded to legend classes, which are currently in development).

Rentals and leasing

Warena NFT will become a very valuable asset. But we want to create opportunities for players to engage with great NFT characters regardless of their background.

To facilitate Warena, it will develop a rental option on the market for NFT holders.

Owners can set the fees they claim from WARE and RENA that tenants receive in-game while playing with this character, with Warena receiving a share of the renters’ fees.

Staking

RENA holders are given the option to share Warena earnings by staking their tokens into the system.

The staking pool will begin to be distributed using 5% of the system’s treasury. The APY paid to the depositors will depend on the amount of revenue received from the platform and the amount of RENA deposited in the pool at that time. Get rewarded with RENA tokens

Considering that RENA tokens are primarily designed for staking and voting, the Warena team has also added more ways to earn rewards using in-game achievements.

This was one of the main motivations behind the creation of the NFT “legend” character class.

Legend NFT will be the only NFT character that can be staked to earn revenue share.

This means that Legend class characters can earn in several ways:

  1. gaming income
  2. Share of gaming revenue generated by the tenant
  3. Earnings from staking to get a share of the platform’s revenue.

As with all new platforms under development. Overall such information is subject to change at a later date.

With a vision of bringing blockchain gaming to mass adoption, Warena is a Play-to-earn game that lets you live, play, and earn across metaverses using your NFT characters.

Follow us on:

💻 Website: https://www.warena.io/‌

Twitter: https://twitter.com/WarenaOfficial‌

📱 Facebook: https://www.facebook.com/Warena.io‌

📱 Telegram: https://t.me/warenaofficial‌

Medium: https://teamwarena.medium.com/

🎮 Discord: https://discord.gg/MdpcjqYcZg

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