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.
Proof of Transaction:
What is Faraland
Faraland is a role-playing strategy wargame for Android and iOS, developed on blockchain by MoonKnight Labs, a company based in Vietnam. 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.
Faraland is different compared to other NFT projects where NFT is solely used for collection. With many exciting gaming activities, Faraland’s users can use their NFT heroes in many unique ways, from equipping them with powerful weapons or shining armors to engaging them in various thrilling battles. It’s a solid and exciting game with a fundamental and engaging storyline. We also focus on the “play and earn” mechanism, making Faraland far beyond a regular game. A variety of options are also available for users, including reinvesting in the game, making your heroes stronger, or cashing out. Our vision is to make Faraland a “dream job” by providing players worldwide opportunities to generate regular income from the project.