Thetan Gem (THG)

Ticker: $THG

Token Release Scheduled

The native digital cryptographically-secured fungible token of Thetan Arena (ticker symbol $THG) is a transferable representation of attributed governance and utility functions specified in the protocol/code of Thetan Arena, and which is designed to be used solely as an interoperable utility token on the games ecosystem.

$THG is a functional utility token which will be used as the medium of exchange between participants on Thetan Arena in a decentralized manner. The goal of introducing $THG is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on Thetan Arena, and it is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. $THG does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will $THG entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Singapore or any relevant jurisdiction. $THG may only be utilized on Thetan Arena, and ownership of $THG carries no rights, express or implied, other than the right to use $THG as a means to enable usage of and interaction within Thetan Arena.

$THG also provides the economic incentives which will be distributed to encourage users to contribute to and participate in the ecosystem on Thetan Arena, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. $THG is an integral and indispensable part of Thetan Arena, because without $THG, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on Thetan Arena. Given that an additional $THG will be awarded to a user based only on its actual usage, activity, and contribution on Thetan Arena and/or proportionate to the frequency and volume of transactions, users of Thetan Arena and/or holders of $THG which did not actively participate will not receive any $THG incentives.

Earn

  • There will be Special Events organised by Thetan Area which allows $THG and unique crypto collectibles (NFTs) to be earned.

  • Participating in tournaments will allow users to earn $THG.

  • Participating in the Marketplace will allow users to earn $THG.

Utilities

  • Users would receive $THG rewards by staking Thetan Heroes and participating in a variety of ecosystem games and tasks, for example completing certain challenges, outperforming other players, accruing play-time, introducing new users to the game, or participating in governance.

  • In order to promote decentralized community governance for the network, $THG would allow holders to create and vote on on-chain governance proposals to determine future features and/or parameters of Thetan Arena (the right to vote is restricted solely to voting on features of Thetan Arena; it does not entitle $THG holders to vote on the operation and management of the Company, its affiliates, or their assets or the disposition of such assets to token holders, or select the board of directors of these entities, or determine the development direction of these entities, does not constitute any equity interest in any of these entities or any collective investment scheme; the arrangement is not intended to be any form of joint venture or partnership).

Claim THG Token

Players can claim THG token (Thetan Gem) from gTHG earned in the game.

First THG claiming requires Player Account to have been created for at least 12 days. After that, players can claim once every 48 hours.

Transaction fee

  • A 4% fee based on THG claimed will be charged in gTHG

  • Minimum chargeable fee: 5 gTHG

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