• Heroes of Mavia has reworked its token unlock schedule to slow down the inflating supply of its MAVIA token
• The MAVIA token price plunged 65% from its all-time high set shortly after its February 2024 launch
• Until February 2025, the planned private sale, gameplay rewards, and community/ecosystem allocations will be cut by 80% overall, while team and advisor allocations will be delayed
Mobile strategy game Heroes of Mavia has reworked its token unlock schedule in an attempt to slow its inflating supply less than three months after the Ethereum-based token initially launched. The price of MAVIA started climbing after the announcement but then crashed even lower than before.
Heroes of Mavia Token Performance
After the announcement late Thursday, the MAVIA token jumped 21% before crashing even lower than it had fallen before the news came out. MAVIA is down to $0.372 as of this writing, falling nearly 9% over the last day.
Heroes of Mavia’s token has now plunged 65% from its all-time high price of $1.059, which was set two months ago soon after the early February launch.
Changes to Circulating Supply Schedule
The game’s original plan was to increase its circulating supply from 12% to 24% of the total from February 2024 to 2025. However, this latest move will see the circulating supply stay under 14% until the end of that window.
Until February 2025, the planned private sale, gameplay rewards, and community/ecosystem allocations will be cut by 80% overall. On top of this, the team and advisor allocations will be delayed until the same date.
About Heroes of Mavia
Heroes of Mavia is an iOS and Android game that takes obvious inspiration from Clash of Clans. While Skrice Studios, the creator of Heroes of Mavia, has released a token, airdropped it to 100,000 players and previously sold NFT land plots, none of this is reflected in the gameplay thus far.
Right now it would be very easy to play the game without knowing it’s a crypto game, but there are upcoming plans to release an in-game marketplace for buying and trading NFT items using the Ethereum layer-2 scaling network Base.
Conclusion
The Heroes of Mavia team is clearly trying to shore up MAVIA’s plunging price by throttling the token supply. However, whether that will be enough to turn investor sentiment remains to be seen.
