Magic Elpis Gem price

MEG

MEG is the utility token of Elpis Battle (EBA), a tactical turn-based RPG on the BNB Chain. The main goal of players in Elpis Battle is using NFT Heroes to conquer different level in game, then earn MEGs and other attractive rewards.

MEG can be minted only by Elpis Battle players, and is used for most in-game features such as Recruit - create new NFT Hero from existing NFT Hero, Awaken - Increase strength statistics and expand level limit for NFT Hero, Craft - create new NFT Equipment.

Elpis Battle launched its main-net on Feb 28, 2022 with zero MEG tokens created at genesis. Only Elpis Battle game players - who own the Elpis Hero Metaverse NFTs can mint additional MEGs to use for in-game features. 90% MEG use in function

MEG was created by the same team who developed the Elpis Battle (EBA) project. Elpis Battle is developed by ZEGO Studio team members and backed by VCC Holding.

The purpose of MEG is a medium of exchange of in-game economy. MEG should be stabilized in terms of price and ensure its decentralized nature, even when there is no organization to regulate. To work towards this goal, MEG propose a mechanism called Elastic Emission to stabilize the price.

If the total amount of MEG earned is 5% less than the total amount of MEG burned in an epoch, the next Epoch is Expansion. If the total amount of MEG earned is 5% more than total MEG burned in an epoch, the next Epoch is Contraction.

The system is well-balanced when the reward coefficient is unchanged.

Epoch Expansion: All in-game MEG rewards is multiplied by 115% Epoch Contraction: All in-game MEG rewards is multiplied by 85%

This stabilisation mechanism and supply-demand adaptation help stabilize the price of MEG. Therefore, the new players can easily participate in Elpis Battle without a high cost-barrier.