Eldarune Revises $ELDA Token Metrics and Explains Utilities
The official token of Eldarune, $ELDA, has received adjusted token metrics that lower the total token supply from 1 billion to 600 million.
The developers of Eldarune, a medieval blockchain action RPG, have announced that the token metrics for $ELDA have been adjusted after undergoing thorough and lengthy discussions with the well-known incubator and launchpad, Seedify.
Instead of the total token supply being 1 billion, the supply is now set at 600 million. With the reduction of supply, the team states two potential benefits, which include increased scarcity and price appreciation due to there being less circulating coins.
It’s important to note that the game’s official token is not live at the time of writing, but is instead set to undergo a pre-sale that only whitelisted users can participate in. More information on the pre-sale itself is available here.
In the announcement post, the developers also stated that more details on token metrics will soon be revealed.
Next to adjusting token metrics, gaming metaverse developer Digard also gave a list of utilities for the $ELDA token. These utilities include farming and staking, both of which will be available for use 48 hours after the token gets listed. Other utilities of the token include purchasing NFTs with it, renting NFTs with it, using it to buy Arena Tickets, in-game experience as well as drop rate boosts. Upgrading items will also require having the native token. More details are available on the official post here.