Faraland officially announced: The 12th of every month, starting from September 12, 2021, will be the monthly fixed date of burning Fara.
What is Token Burn?
Token burn is an operation to destroy a number of Tokens in order to reduce the total supply of Tokens existing in the Faraland system. The amount of Burned Tokens will not belong to any account but will be lost forever.
– Fara token burn is not a form of tax or fee. Faraland team does not gain benefit Tokens from this activity.
– Burn Fara Token to serve the interests of the community, limit or prevent actions that harm the system, and ensure the Fara ecosystem is healthy.
– Token burn is to keep the value of the Token because the Token is born and accumulates over time.
Therefore, Faraland officially announced: Starting from September 12, 2021, the 12th of each month will be the fixed monthly date for burning Fara.
Our goal is to balance the game, reduce total supply, and create scarcity to increase the value of the Fara token.
Fara’s token burn rate
As previously announced, some transactions in the Fara ecosystem such as gacha, marketplace, equipment upgrades, .. will incur a fee. The Fara fee is distributed as follows:
Part 1: 75% of this FARA token amount will be used for game-incentive
Part 2: 10% of this FARA token amount will be used for game development
Part 3: 5% of this FARA token amount will be used for burning
Part 4: 10% of this FARA token amount will be used for staking reward
5% of FARA from Gacha and Market fee will be used for burning.
Stay tuned for the latest news from us!
What is Faraland
Faraland is a role-playing strategy wargame for Android and iOS, developed on blockchain by Moon Knight Labs Inc., a company based in Panama. The players control the characters of 7 races: Humans, Orcs, Elves, Fairies, Dragonborns, Angels, and Demons — each with different abilities, strengths, intelligence, and agility, to fight with other players in a universe called Faraland. The game will be released in Q4 2021, and the NFT heroes sale will be launched on May 29, 2021.
Faraland is an innovation project combining NFT technology and gaming experience. Not only are all exquisitely digital collectibles created using blockchain technology, but all NFT in Faraland can also be integrated into Faraland games later, which will help them increase the value. NFT is the soul of this project. Each Hero, NFT of Faraland, is unique. Each collectible is matchless, genuine, and varies in rarity. Faraland Universe has many different races like human, orc, angel, demon, Dragonborn, elf, and fairy, awaiting the users to discover.
Join Faraland
**Disclaimer: Digital asset prices are subject to high market risk and price volatility. $FARA token and NFT are designed solely for use within our on-chain gaming ecosystem and is intended exclusively for participation in gameplay experiences. They are not, and should not be considered as, an investment vehicle, security, financial instrument, or speculative asset. Holders should have no expectation of profit, return on investment, or appreciation in value from the purchase, holding, or use of this token and NFT.
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