The rise of play-to-earn games is on. This system has created a unique opportunity to enjoy gaming while earning crypto coins. At the heart of it are utility tokens. You will use these virtual currencies to interact with the game’s economy. But these games differ. Some promise to provide valuable tokens, only for you to find them worthless. For that reason, understanding tokenomics is crucial to picking the right game to play and earn. This simplified guide walks you through ways to evaluate a game based on its token structure.
Look at How the Tokens Are Shared and Managed
The first step in evaluating these games understands the supply and distribution of the in-game currency, like the MASH token of the Cryptids Monster Mash game. Games with a good token supply ensure that neither the developers nor the early gamers control an overwhelming portion of the tokens. Such games have a capped supply to create scarcity and increase the token’s value.
Find Out What You Can Do with the Tokens
Determining the token’s value is best because it’s directly tied to its utility. Before committing to a game, examine what you can do with the token within the system. It should be as valuable as the aforementioned token and among the best Solana tokens. The game’s utility tokens should facilitate in-game transactions, or you can exchange them for other valuable crypto coins. You can determine this by reading the game’s fine print.
Check How You Can Earn Tokens
Your potential of earning the tokens is also a way of determining a suitable game you can play and earn. This is crucial because the earning mechanisms differ across the games. Some games allow you only to earn daily to prevent inflation. Others peg your earning potential on your skill level. Such games have tournaments that come with skill-based rewards. Besides earning the tokens, check if they are locked within the game ecosystem or if they can be converted to fiat currency.
See How the Game Keeps Tokens Valuable
As much as an in-game currency like MASH Token can be valuable today, it can lose value if its supply is left unchecked. As mentioned before, its circulation must be regulated. You should, therefore, see how the game keeps those tokens valuable. Other than daily limits, it should have alternative measures like token burn that permanently remove a portion of the tokens from circulation after some time.
Examine Community Support
It’d be best to examine the gaming community to determine the game’s suitability and the token’s value. A thriving community is always a sign of a successful P2E game. The community’s size and engagement level will help you determine aspects like strong player interest. Collaborations with other blockchain developers will help you determine if the game’s token can feature among the best Solana tokens. With this, you can make informed decisions.
Playing games and earning from them is now a reality, thanks to P2E games. Paying through tokens and trying the games is worth it. However, consider tokenomics and choose a game that is worth your time. The information you have read here will help you do so.
