Dear Faradians,
From the very beginning, our team desires to build an authentic game, a good product, and to bring a great game experience to users. Yet we are in the GameFi market. To accomplish that, we need a strong plan and approach for both Gameplay and Tokenomics.
After almost 2 years of locking the Team’s Token, we have decided to show our dedication to a long-term journey. Thus, starting this month, we will burn all Foundation & Team Token, details are as follow:
+ Total to be burned: $FARA 28,900,000
+ Upcoming burn of $FARA in January 2023: $FARA 2,924,069
+ $FARA burned monthly (starting from February 2023): $FARA 2,000,000
We believe that this is the best way to ensure the long-term success of the project and to align the interests of all stakeholders.
From now on, there will no longer be monthly burns of market fees. Instead, the project will be maintained through market fees. This action is intended to show our dedication to decentralization and to give the community a stronger stake in the project. In addition to this, we want to assure you that the project is well-funded and will be able to operate for the next 4-5 years.
We understand that this decision may raise questions and concerns, and we are committed to being transparent and responsive throughout the process. Please do not hesitate to contact us with any questions or feedback.
We are excited to work with the community to shape the future of Faraland.
Sincerely,
Faraland Team.
Proof of Transaction:
https://bscscan.com/tx/0x2bd2dcbce9d58c1d8c35a0121c9b0d5fae3189a8a336bca39dbb6d9d1808b7d2
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.
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.
blog.faraland.io 