Heroes of Mavia Revamps Token Release Plan to Curb Soaring Supply

Heroes of Mavia, a mobile strategy game built on the Ethereum blockchain, has restructured its token unlock plan to mitigate the rapid price decline of its native MAVIA token. The adjustment, implemented three months after the initial token launch, aims to limit the circulating supply to 14% until end of February 2025. The move has resulted in an initial 21% surge in the token's value, followed by a significant drop below pre-announcement levels.

Heroes of Mavia Reengineers Token Unlock Plan to Mitigate Inflating Supply

In a decisive move to counter the rapid inflation of its Ethereum-based token, the mobile strategy game Heroes of Mavia has significantly revised its token unlock schedule. This adjustment, implemented less than three months post-launch, reflects the game's heightened awareness of inflationary pressures within its ecosystem.

News of the token unlock revision triggered an initial surge of 21% for MAVIA, only for it to subsequently plummet below its pre-announcement levels. As of press time, MAVIA trades at $3.81, marking a marginal 2.77% increase over the past week.

The current token price represents a substantial 64.5% decline from its all-time high of $10.71, reached just a month after the game's debut in early February 2024. Initially, Heroes of Mavia intended to expand its circulating supply from 12% to 24% of the total between February 2024 and 2025. However, the revised schedule ensures that the circulating supply will remain under 14% until the end of this period.

To achieve this objective, the game's allocations for "private sale," "gameplay rewards," and "community & ecosystem" will be slashed by 80% until February 2025. Additionally, token allocations for the team and advisors will be deferred until the same date.

Despite launching a token, conducting airdrops to 100,000 players, and releasing NFT land plots, Heroes of Mavia, developed by Skrice Studios, has yet to fully integrate these elements into its gameplay. However, plans are underway to introduce an in-game marketplace utilizing the Base network for purchasing and trading NFT items.

With its revised token unlock strategy, Heroes of Mavia demonstrates its proactive approach to managing supply dynamics within its ecosystem. The game's focus on reining in inflation and ensuring long-term stability bodes well for its sustained viability and growth.