JAKARTA – The popular blockchain-based MOBA game, Thetan Arena, officially launched the staking feature for its main coin, THG, on April 1. This is claimed to provide many benefits for THG token holders.
This staking program is in line with Thetan Arena's roadmap which wants to provide benefits for THG owners. That way, token owners will be able to participate in the staking program. Not only that, Thetan Arena also announced that any unstaking and gTHG claims are free of charge.
“We have a long-term vision with Thetan Arena, and this is the first step of our journey. Look forward to many valuable things to come,” said Thetan Arena CEO & Founder, Khanh Nguyen.
Reporting from the official website, the total received in the program is 5,000,000 THG. The THG Staking program starts on April 1, 2022 and will end on October 15, 2023. This feature will reward token holders who participate in the program in the form of THG tokens.
Thetan Arena also provides two staking options, namely High Rewards Stake and Flexible Stake. The annual percentage rate or APR is 249 percent for High Rewards Stake and 83 percent for Flexible Stake.
“Thetan Arena Stake or THG Staking is a unique staking program where THG holders can contribute to stabilizing the value of THG tokens by reducing the circulating tokens and locking them for a certain period of time as a long-term investment,” reads an announcement from the official Thetan Arena website.
“The benefits of this program include extra THG tokens generated from staking and the opportunity to join the private sale of a high-return project that will partner with Thetan Arena. At the same time, staking at Thetan Arena will be a use case for THC and THG tokens," added the statement from the official website.
Thetan Arena sets a fee of 20 percent payable in THC tokens. From the total payment of the fee, it is planned that the token will be burned in order to reduce the circulating THC and increase the value of the token.
For information, for Flexible staking with an APR of 83 percent, THG owners are free to determine the number of THG tokens they want to stake. As for High Rewards Stake, because the APR is very high, token holders are required to enter 100 THG and 1 NFT hero to participate in the program.
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