Arena (ARENA) Tokenomics: A Rewarding Gaming Ecosystem
Arena (ARENA) is an on-chain reward token for tournament.com, a competitive online gaming platform operated by Arena Entertainment.
Players earn ARENA tokens for kills in designated rooms, with each kill accruing a small amount of USD credit by weapon. When a player's credit reaches $1, the platform buys that dollar of ARENA on the open market and places it in a vault wallet held for the player.
The total supply of ARENA is fixed at 1 billion tokens, with no mint or freeze authority remaining.