Circulating Supply of MAVIA Tokens Will Remain Below 14% Until February 2025

Bittime - Heroes of Mavia, the NFT-based play-to-earn that is being loved by many players, has just announced significant changes to its $MAVIA token spending plan. This change aims to reduce inflation and extend the token lock period, so it is hoped that it can increase economic stability in the Heroes of Mavia ecosystem.

MAVIA Circulating Supply Remains Low Until February 2025

According to the official Heroes of Mavia announcement, the circulating supply of $MAVIA tokens will remain below 14% of the total supply until February 2025. This decision was taken through various adjustments to the token issuance plan, including:

• Token Allocation Reduction by 80%: Token allocation for private sales, dev team, advisors, game rewards, community and ecosystem will be reduced by 80%. This reduction aims to reduce the number of $MAVIA tokens circulating on the market and maintain price stability.
• Extension of Team and Advisor Token Lock Period: The token lock period for team and advisor allocation will be extended to 1 year. This means there will be no token distribution to teams and advisors for the next 10 months.

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Positive Impact on the Heroes of Mavia Ecosystem

It is believed that this adjustment to the token spending plan will have a positive impact on the Heroes of Mavia ecosystem. Some of the expected benefits include:

• Reduced Inflation: Reducing token allocations and extending lock periods will reduce the number of $MAVIA tokens circulating freely on the market. This can help control inflation and maintain the purchasing power of $MAVIA tokens in the long term.
• Increased Price Stability: With a reduced supply of circulating tokens, $MAVIA price fluctuations are expected to decrease. This can create a more stable and predictable environment for players and investors.
• Strengthening Investor Confidence: This step shows the Heroes of Mavia team's commitment to building a sustainable and profitable ecosystem for players. This can increase investor confidence in the Heroes of Mavia project.

MAVIA Price Today

Source: Bittime

Based on today's Bittime market, the price of MAVIA was observed to have decreased by 3.78 percent in the last 24 hours at the time this article was written. Currently, the price of MAVIA to IDR is IDR 68,671.

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Heroes of Mavia Commitment 

Through this announcement, Heroes of Mavia shows their commitment to building a healthy and sustainable blockchain gaming ecosystem. By reducing inflation and extending the token lock period, Heroes of Mavia hopes to create a more stable and attractive environment for players and investors.

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How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime . 

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also Read:

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Heroes of Mavia (MAVIA): Play-to-Earn Phenomenon Similar to Axie Infinity Will Happen Again?

DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.