Warena price 

RENA

Warena is a Vietnamese project that is a collaboration of an experienced game studio (d2mstudio), a software development agency (ncc.asia), and experienced blockchain advisors. Among Warena’s advisors are Minh Doan, former co-founder of Harmony (ONE), Chao Ma, ex-CTO of Deeper Network (DPR), and Rong Jian Lan, the current CTO of Harmony.

Moreover, Warena boasts an impressive array of backers and partners: DAO Maker, Infinity Capital, RedKite, Binance, Clovers Ventures, and several others. The project also hired two dedicated tokenomics advisors with several years of experience in the finance industry with a combined $15 million in raised capital in IDOs between them.

Warena offers an interesting combination of several major trends in the blockchain sector. On the one hand, players can earn a digital income from the game’s vast metaverse and strategic gameplay modes. There are several modes available, such as PvE, PvP, and Arena Tournaments. Tokens collected can also later be converted to NFTs and traded on Warena’s marketplace.

On the other hand, Warena enables players to create their own characters, but also meet, interact with, and battle characters from other games like Axie Infinity, My Defi Pet, or Cat Gunner. Unique characters are highly customizable down to their avatar, warrior attributes, gear, and skilly. Warena strives to set itself apart from the growing influx of play-to-earn games by launching two-phased gameplay consisting of a tower defense game and a metaverse. Players will be able to purchase and trade virtual land in the metaverse, while the survival game mode focuses more on improving their unique NFT characters in battles.

Moreover, Warena aspires to be a community-governed game, where the community manages the so-called WR Community Council in a DAO model. In doing so, players will directly influence the game’s comprehensive roadmap, which targets several new gameplay modes and playable races in the future.

Warena features two distinct tokens in its ecosystem: RENA and WARE. RENA is the game’s governance token that can also be staked. RENA holders also accrue 5% of the revenue Warena incurs. The only way to access rewards in RENA in-game is to stake NFT characters that are rated legendary.

The WARE token is the game’s utility token and is used as an off-ramp for players that want to cash out their accumulated in-game rewards. Players will also use WARE on the internal marketplace when trading NFTs. There are several mechanisms to reduce its circulating supply and retain the financial value and element of scarcity of WARE. Battle actions must be paid for in WARE, as do temporary multipliers to stats enhancers and access to different gameplay areas or contests. Each time this happens, 20% of WARE goes to the treasury, and the rest is burned.

RENA is a BEP-20 token on the Binance Smart Chain. BSC is secured through the proof-of-stake consensus mechanism. 21 validators are elected every 24 hours to validate transactions and maintain blockchain security. These validators have to stake a certain amount of BNB coins with Binance to be eligible.

The game itself runs on the Chromia blockchain, which is a standalone blockchain acting as a layer-two enhancement for BSC. It is a particularly popular choice among blockchain games for its efficient scaling mechanism and the option to set fee structures variably.

Check out Axie Infinity (AXS) — the most popular NFT trading game.

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