Legends of Aria will switch to a one-token economy
The ARIA governance and utility token will be deflationary but not earnable in the MMORPG.
Legends of Aria developers have decided to switch the game over to a one-token economic model for their upcoming launch of the crypto version of the MMORPG.
The play-and-earn sandbox will thus revolve around the ARIA governance and utility token, which will be deflationary thanks to this one-token model, as the team will burn the currency whenever it is used to buy things on the NFT marketplace as well as when it’s spent on various in-game features.
“For example, any time the tokens are used to buy something in our in-game store, used to purchase a guild charter or jail exit pass, or used for NFT mating, item merging, or any other process, the tokens are burned and removed from circulation.”
There won’t be any system in place to increase the amount of coins in existence, making $ARIA a cryptocurrency where most of its use cases all help in reducing the supply over time.
Next to this token will be gold, an in-game currency that will not be sellable for money as it won’t be a cryptocurrency nor will it be an NFT. Instead, these gold coins will be used to buy various in-game items, including weapons and houses, which players can then turn into an NFT and then sell on the marketplace. ARIA will not be earnable in the blockchain title, but the team does plan to include it in “select giveaways and prizes for participating in community events.”
The switch from a dual-token system to a one-token economy has been made because “all economic simulations showed that the in-game rewards currency (the gold coins) would eventually plummet in price as more players sell the tokens for earnings.”