Lumiterra integrates $LUA to facilitate in-game trading and DeFi.

Blockchain-based MMORPG Lumiterra has added a new layer of economic interaction for players by incorporating the $LUA token.

With $LUA, players now have access to expanded in-game purchases, item trading, and exclusive incentives, becoming the centerpiece of Lumiterra’s growing player-centric economy.

This integration aims to provide an efficient way for players to participate in the flexible token-based economy on the Ronin Network.

What is the $LUA token?

The $LUA token serves as Lumiterra’s base currency for in-game transactions.

Players can use $LUA to buy, sell, and trade items within the game’s marketplace, as well as access special upgrades and features. Designed to be fully integrated into the Ronin Network, $LUA allows players to exchange for other tokens, such as $RON, without leaving the gaming environment.

This seamless system makes $LUA a versatile token, providing players with transaction convenience and incentives for continued engagement.

How does $LUA improve the in-game economy?

The $LUA token was incorporated to improve player engagement by linking game progress and success directly to economic choices.

Players will need $LUA for certain in-game tasks and upgrades, adding strategic depth and motivation to their journey within Lumiterra. This model creates a closed-loop economy within the game as players earn, trade, and spend $LUA on items, special abilities, and more.

Players can also use $LUA on external platforms, such as Ronin Network’s decentralized exchange Katana, to connect Lumiterra’s economy to the broader DeFi ecosystem. This dual availability not only provides flexibility to players, but also strengthens Lumiterra’s ecosystem as $LUA connects gameplay to the secondary market.

DeFi mechanisms and improved trading flexibility

To ensure the value and utility of $LUA, Lumiterra designed $LUA using a bond curve model linked to stablecoins such as $USDT and $USDC.

As more $LUA tokens are issued, the price adjusts upward to meet demand, creating an environment of controlled inflation that stabilizes the value of the currency.

Additionally, the buyback protocol helps balance the supply of $LUA during periods of low demand by buying back and reducing tokens and ensures that price levels remain steady and consistent. The algorithmic stability of the system ensures that $LUA maintains a stable price floor, protecting value even in times of low demand and preventing excessive inflation.

In addition to in-game purchases, $LUA can be bought, sold, or traded on secondary markets through Katana, allowing players to participate in the Lumiterra economy both in-game and out-of-game.