Mavia (MAVIA) is the native utility token of the Heroes of Mavia mobile strategy game. This Clash of Clans-like game is available on both Android and iOS platforms. On February 6th, the token was airdropped to 100,000 new signups and 10,000 holders of land plot NFT holders inside the game. Since its launch on HTX, among other exchanges, the token has rallied up by 33 percent in 2 days.
This article explains everything you need to know about the Mavia token and the web3 game it is based on. Here, we go into the gameplay of the platform, the utility of the tokens, analyze its price movements, and finally, figure out if this crypto project is worth your attention. Let’s dive right in.
What is Heroes of Mavia?
As I mentioned, Heroes of Mavia is a free-to-play web3-based mobile game. The game is developed by Skrice Studios. The game downloaded over one million times since its recent launch. It is now a top free Android mobile game in China and Nigeria. Heroes of Mavia is also a top-ranking game on the iOS app store in Canada, Finland, and Poland.
Heroes of Mavia stands out from the other mobile games in several ways. Let’s have a look at them.
|Unique Features of Heroes of Mavia
|Web3 Integration: Heroes of Mavia is one of the first AAA-quality games to integrate web3 into it. The players can own in-game items as NFTs, giving a sense of ownership unique to the game.
|Play-to-Earn (P2E) Model: By playing the game, the players can earn the game’s native token, MAVIA, which can be traded outside the game’s virtual world.
|In-Game Economy: Heroes of Mavia also boasts a unique trading hub for NFT collectibles, fostering a thriving in-game economy.
|Community Engagement: For promoting player engagement, and community building, the game offers Player vs Player (PvP) mode and hosts special events.
What is MAVIA Token?
MAVIA follows a Proof-of-Stake system and the staking is rewarded with the token itself. It is also worth noting that Heroes of Mavia has pioneered the integration of rental mechanics from the game’s inception itself. Now that we have the basics in place, let’s dive into the key features of MAVIA.
|What Does MAVIA Token Do?
|Governance and Voting: Holders of the Mavia token can participate in the decision-making of the upcoming development of the Heroes of Mavia game and other future games from the franchise.
|Mode of Rewards: The Mavia token also serves as the default reward mode for tournaments and special events within the game’s ecosystem.
|In-game Items: MAVIA can also be used to buy and sell in-game items as NFTs.
The total and maximum supply of Mavia tokens is 250,000,000. Out of which 30 million tokens are currently in circulation. Only 3.5 percent of the existing supply has been airdropped. MAVIA is designed to have a lower-than-average inflation rate. The token has a six-year vesting period, which means that Mavia will be gradually released to its holders over six years.
MAVIA Price History
Though it’s hardly been 2 days since the launch, Mavia has gone through some dramatic price movements. I have added them below.
- On February 6, Mavia debuted on the Ethereum network for $1.83.
- On February 8 its price shot up to $4.
- Present: While I am penning this article, the price of MAVIA has come down to $3.76.
Currently, the token has a 24-hour trading volume of over $141 million and a market capitalization of $115 million.
Where To Buy MAVIA?
Currently, the Mavia tokens can be bought from only a limited number of centralized and decentralized exchanges. As of today, no traditional stock brokers does not support Mavia. In fact, it’s not yet listed on Binance even though the developing team Skrice Studios is backed by Binace Labs. You can find the list of supporting exchanges below.
With only two days behind the listing, it’s next to impossible to predict the future prices of Mavia with considerable accuracy. For the time being, MAVIA prices are at least 24 percent up. If we consider the 30-minute timeframe, it can be observed that Mavia’s price is filling up a pennant triangle pattern. However, this technical pattern is a formation that occurs in both bullish and bearish markets. However, if the buyers could maintain their momentum, the price could break out into a bullish phase.
Heroes of Mavia offers some unique features with their newly launched mobile strategic game. The Mavia token offers a robust mechanism to use the rewards earned in a virtual gaming world in real life. The platform has managed to attract a large player base within a very short period from its launch.
But since the game and the native token are as new as a newborn baby, it’s too early to make hard forecasts. As always, the crypto market is extremely risky for investments and none of the content here should be taken as financial advice.