'Heroes of Mavia' Delays Ethereum Token Unlocks as Price Falls 65% Since February

‘Heroes of Mavia’ Delays Ethereum Token Unlocks as Price Falls 65% Since February

Mobile strategy game 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 $3.72, as of this writing, falling nearly 9% over the last day.Heroes of Mavia’s token has now 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.The price of MAVIA started climbing soon after the blog post was published, and then jumped 10% within a half out after the game tweeted out the news to its 457,000 followers. Then MAVIA holders started dumping their tokens, it appears, prompting a sudden dip in price that continued to widen over the following hours, erasing the initial gains.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.The countdown to the Ruby Marketplace release starts now!On May 5th, Mavia’s most anticipated update arrives.New Skins, Color Schemes, Statues, Land Decorations and Consumables are going live as tradeable Legendary Items for RUBY. pic.twitter.com/3vmPlOeGQB— Heroes of Mavia (@MaviaGame) April 5, 2024Right 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 Edited by Andrew Hayward