Mine Arena Coin (MARE)
The native digital cryptographically-secured fungible token of Mine Arena (ticker symbol $MARE) is a transferable representation of attributed governance and utility functions specified in the protocol/code of Mine Arena and is designed to be used solely as an interoperable utility token on the games ecosystem.
$MARE is a functional utility token that will be used as the medium of exchange between participants on Mine Arena in a decentralized manner. The goal of introducing $MARE is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on Mine Arena, and it is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that is not exclusively provided by the issuer. $MARE does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise, or undertaking, nor will $MARE entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Singapore or any relevant jurisdiction. $MARE may only be utilized on Mine Arena, and ownership of $MARE carries no rights, express or implied, other than the right to use $MARE as a means to enable usage of and interaction within Mine Arena.
$MARE also provides the economic incentives which will be distributed to encourage users to contribute to and participate in the ecosystem on Mine Arena, thereby creating a mutually beneficial system where every participant is fairly compensated for their efforts. $MARE is an integral and indispensable part of Mine Arena because, without $MARE, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on Mine Arena. Given that an additional $MARE will be awarded to a user based only on its actual usage, activity, and contribution to Mine Arena and/or proportionate to the frequency and volume of transactions, users of Mine Arena and/or holders of $MARE which did not actively participate will not receive any $MARE incentives.
- Battle: The amount of $MARE bonus in each battle depends on the trophy class and hero rarity
- Quest: When you complete the quests in the game, you will receive Quest Points. After receiving enough Quest Points, you will be able to exchange them for $MARE
- Ranking Rewards: Players can earn $MARE if they rank up.
Mine Arena Coin ($MARE) is the main currency used in Mine Arena's operations. $MARE is used in the following activities:
- Buy NFT: NFT is the source of Hero for the entire Mine Arena system
- Reward to streamers: $MARE can use to reward streamers when they stream games