Mobile strategy game Heroes of Mavia has reworked its token unlock schedule in an attempt to slow its inflating supply, less than three months after the Ethereum-based token initially launched.

After the announcement late Thursday, the MAVIA token jumped 21% before crashing even lower than it had fallen before the news came out. MAVIA is down to $3.72, as of this writing, falling nearly 9% over the last day.

Heroes of Mavia’s token has now plunged 65% from its all-time high price of $10.59, which was set two months ago, soon after the early February launch. The game’s original plan was to increase its circulating supply from 12% to 24% of the total from February 2024 to 2025. However, this latest move will see the circulating supply stay under 14% until the end of that window.

Until February 2025, the planned “private sale,” “gameplay rewards,” and “community & ecosystem” allocations will be cut by 80% overall. On top of this, the team and advisor allocations will be delayed until the same date.

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Author: Ryan Gladwin

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