Heroes of Mavia Token Unlock Schedule Revised to Combat Inflation
Mobile strategy game Heroes of Mavia has made significant changes to its token unlock schedule in an effort to combat an inflating supply. The Ethereum-based token, MAVIA, saw a sudden surge in price following the announcement, only to plummet even lower than before.
The token is currently trading at $3.72, marking a 9% decrease over the last day and a staggering 65% drop from its all-time high of $10.59 just two months ago. Originally, the game had planned to increase its circulating supply from 12% to 24% by February 2025. However, the latest adjustment will keep the circulating supply under 14% until the end of that timeframe.
To achieve this, the allocations for “private sale,” “gameplay rewards,” and “community & ecosystem” will be reduced by 80% until February 2025. Additionally, team and advisor allocations will be postponed until the same date.
Following the announcement, MAVIA’s price initially rose by 21%, only to experience a sharp decline as holders began selling off their tokens. The game’s developer, Skrice Studios, has garnered attention for its token and NFT offerings, although these features have yet to be integrated into the gameplay experience.
Despite the current lack of crypto-related gameplay elements, Heroes of Mavia is set to introduce an in-game marketplace for purchasing and trading NFT items using the Ethereum layer-2 scaling network Base.
As the game continues to evolve and adapt its tokenomics, players can expect further developments that bridge the gap between traditional mobile gaming and blockchain technology.
