Blockchain-based MMORPG Lumiterra integrates the $LUA token, adding a new layer of economic interaction for players.
With $LUA, players now have access to more in-game purchases, item trades, and exclusive rewards, making it the core of Lumiterra’s growing player-driven economy.
The integration is designed to provide players with a streamlined way to participate in the flexible, token-driven economy on the Ronin Network.
Source: LumiterraWhat are $LUA tokens?
The $LUA token is the primary currency for in-game trading and trading in Lumiterra.
Players can use $LUA to buy, sell, and exchange items within the game’s marketplace, as well as access special upgrades and features. Designed to be fully integrated into the Ronin network, $LUA also allows players to exchange for other tokens such as $RON without leaving the game environment.
This seamless system makes $LUA a versatile token that provides players with transaction convenience and incentives for continued participation.
Source: LumiterraHow will $LUA improve the in-game economy?
The $LUA token was added to enhance player engagement by tying game progression and success directly to economic choices.
Players will need $LUA for certain in-game actions and upgrades, adding strategic depth and power to their journey in Lumiterra. This model creates a closed-loop economy within the game, where players can acquire, trade, and spend LUA to purchase items, special abilities, and more.
Additionally, players can use $LUA on external platforms, such as decentralized exchange Katana on the Ronin Network, connecting Lumiterra’s economy to the broader DeFi ecosystem. This dual availability not only provides players with flexibility, but also strengthens Lumiterra’s ecosystem, as $LUA connects gameplay to the secondary market.
Source: LumiterraDeFi mechanisms and enhanced transaction flexibility
To ensure that $LUA retains value and usability, Lumiterra designed the bonding curve model associated with stablecoins such as $USDT and $USDC.
As more $LUA tokens are minted, their price adjusts upward to match demand, creating a controlled inflationary environment that stabilizes the value of the currency.
The repurchase agreement also helps balance the supply of $LUA during periods of lower demand by buying back and reducing tokens, ensuring price levels remain stable and consistent. The algorithmic stability of the system ensures that $LUA maintains a stable price floor, protecting its value and preventing excessive inflation even in times of low demand.
In addition to in-game purchases, $LUA can also be bought, sold, or traded on the secondary market through Katana, allowing players to participate in Lumiterra’s economy both inside and outside the game.
