In this article, we will start by looking at the HYTOPIA cryptocurrency game. From now on, let’s take a closer look at TOPIA cryptocurrency tokens. Finally, we’ll show you how to analyze and buy tokens using Moralis Money, the best cryptocurrency volatility indicator!
If this sounds interesting, explore the complexities of the HYTOPIA ecosystem with us below!
What is Hitopia? Explore HYTOPIA cryptocurrency games
HYTOPIA is a collaborative cryptocurrency video game formerly known as HYTOPIA. NFT World. You can think of HYTOPIA as a platform for various games and worlds. The game was built by a community of individuals who have long been at the forefront of Minecraft’s third-party gaming and modding ecosystem. And HYTOPIA’s goal is to become the ‘next generation Minecraft’.
HYTOPIA is a platform developed from the ground up, taking inspiration from famous game mechanics that many people have become familiar with. HYTOPIA also aims to modernize the player experience while addressing the gaps and limitations in creative expression that currently exist within the Minecraft ecosystem.
The mission of HYTOPIA cryptocurrency games is to encourage collaboration and innovation among our community of content creators, contributors, and players. In doing so, they hope to create a captivating gaming experience that some feel is lacking due to Minecraft’s limitations.
To this end, HYTOPIA plans to build new platforms, games, and engines from scratch to create an integrated ecosystem of contributors, creators, and players. In addition to bringing together technology, resources, and support, communities are needed to create diverse and engaging gaming experiences!
NOTABLE HYTOPIA FEATURES
HYTOPIA has many features, the seven most notable of which are summarized below.
- free play: No account or game purchase is required to play HYTOPIA.
- Web and Desktop: Hitopia can be played directly on a web browser or PC.
- Build from scratch: The game was built from scratch using RUST.
- community features: Using HYTOPIA’s community feature, you can easily play with friends.
- player expression: The game also includes a decoration system that players can use to express themselves.
- Creator-centric: HYTOPIA has a wide range of tools so developers and creators can build without limitations.
- Backward compatibility: HYTOPIA allows users to play their favorite Minecraft servers.
Hitopia’s vision
HYTOPIA’s vision is to encourage and ignite boundless imagination by creating and empowering the next generation of global communities of players and creators. At the core of their vision is the belief that technology, brands and platforms should be places where everyone can succeed.
HYTOPIA builds the tools and foundation with passion, while players and creators bring the magic to life. The organization also believes in the value of contributor governance and peer review, and believes it can actively shape the future of HYTOPIA to the benefit of everyone involved. they “HYTOPIA is ours and together we push the boundaries of what is possible.“.
What is HYTOPIA World?
You can think of HYTOPIA as a comprehensive platform for various games. However, without HYTOPIA World, you cannot freely create games in HYTOPIA. HYTOPIA World is a digital collectible, with a total of 10,000 pieces. Simply put, HYTOPIA World serves as a ticket for developers to create games that other HYTOPIA users can view and play.
But creating new games isn’t the only utility these digital collectibles provide. So, let’s look at a few more use cases.
- staking: You can receive $TOPIA rewards every day and stake HYTOPIA World.
- lease: Holders can also rent HYTOPIA World at $TOPIA price per month.
- HYTOPIA Chain Access: Developers can deploy smart contracts on the HYTOPIA Chain by owning or leasing HYTOPIA World.
What is Hitopia Chain?
HYTOPIA Chain is the foundation of the entire ecosystem. A blockchain network that supports the underlying infrastructure and supports all aspects of HYTOPIA. This includes gaming transactions, digital asset ownership, and more. Additionally, the HYTOPIA chain ensures that all of the aforementioned processes are performed in a secure and decentralized manner.
The HYTOPIA Chain is a “semi-permissioned” blockchain that allows anyone to transact, trade items, and interact through smart contracts. However, only approved community members can deploy new smart contracts on the network. This is intentionally designed to help strengthen the security of the HYTOPIA chain by eliminating the risk of harmful smart contract deployments.
Additionally, the network is further secured through periodic checkpoints on the Ethereum and Polygon blockchain networks.
What is a TOPIA cryptocurrency token?
$TOPIA is the in-game cryptocurrency for the HYTOPIA ecosystem. This allows transactions between players, different games, and other interactions. The total supply is just 5 billion tokens, which helps keep the ecosystem stable and provides an incentive-based platform for both creators and players.
We will take a closer look at TOPIA tokens in the next two sections. In doing so, we will explore token economics and take a closer look at some important use cases for the TOPIA cryptocurrency. If this sounds interesting, join us as we explore TOPIA Cryptocurrency Tokeneconomics to get started!
token economics
A key consideration for TOPIA tokens is maintaining an incentive-driven, stable platform for players and creators. Supply is limited to $5 billion and is allocated as follows:
- 35% World Staking
- 24% Play-to-Revenue Faucets, Grants and CEX
- 20% team
- 10% world owner claim
- 10% $LP-TOPIA Staking
- 1% Avatar Staking
TOPIA token use case
TOPIA tokens have several use cases, and you can see three main examples below.
- staking: The first use case is staking, which is used to remove TOPIA tokens from the public circulating supply. This will help stabilize the HYTOPIA in-game economy. In return for staking, users receive loot boxes, cosmetic items, in-game titles, and more.
- In-Game Currency: TOPIA tokens are mainly the in-game currency of the HYTOPIA ecosystem. This facilitates transactions between HYTOPIA Worlds and players.
- rule: Holding $TOPIA grants holders the right to vote on suggestions and suggestions for improving HYTOPIA. Additionally, by holding enough tokens, users can also create their own proposals for the community to vote on.
Full TOPIA token price analysis
The TOPIA token was issued on May 17, 2023, and is trading at approximately $0.0355 at the time of this writing. The all-time high is $0.045 and the lowest is $0.0186. Moreover, since the token was launched in early August 2023, it has experienced an impressive 150% price increase in just three weeks. Below you can see a trading chart showing the entire price history of TOPIA tokens so far.
Now, will TOPIA token price continue this upward trajectory? Or is the window already closed?
To answer these two questions, let’s take a quick look at the TOPIA token price prediction and highlight its potential!
$TOPIA Price Prediction
The price of TOPIA tokens is closely linked to the HYTOPIA ecosystem. Therefore, this is highly dependent on the adoption, success, and continued development of the game. Therefore, if HYTOPIA continues to grow, the TOPIA token price is likely to follow suit. However, if HYTOPIA adoption fails to increase, there is a possibility that the TOPIA token price may decline.
Nevertheless, there are several ways to predict the TOPIA token price. However, since it is a relatively new token, it is quite difficult because there is not enough historical data.
However, one way to gauge the potential of the TOPIA token is to compare it to the native currencies of other similar projects. So, let’s take another blockchain-based game as an example. In this case we will use Axie Infinity.
To compare HYTOPIA and Axie Infinity, let’s divide Axie Infinity’s all-time highest market cap by the total supply of $TOPIA. That would give it a price of $1.95, the price of one TOPIA token, if it reached the same market cap as Axie Infinity. Once it reaches $1.95, the price has increased more than 50 times!
However, the TOPIA token price prediction of $1.95 is of course highly speculative. And there’s no guarantee that HYTOPIA will grow to the same size as Axie Infinity, one of the biggest names in the Web3 gaming industry.
Should you invest in $TOPIA?
Now, with a simple price prediction that highlights the potential of TOPIA tokens, you can ask yourself:Should you invest in $TOPIA?“.
The above questions cannot be answered with a simple yes or no. This has to do with the fact that we don’t know when you are reading this. Additionally, we do not know your altcoin trading strategy or risk tolerance. As a result, only you can decide whether to invest in $TOPIA or not, which is why we urge you to continue your research on your own. And the best place to start is with a blockchain analysis tool like Moralis Money!
Moralis Money is an industry-leading cryptocurrency quick scanner that leverages on-chain data in real time to provide true market alpha. And if you didn’t know, on-chain activity always trumps price action. Therefore, this tool allows you to properly research TOPIA tokens and decide if it is a suitable investment for you.
All tokens featured on Moralis Money have a dedicated token page. On this page you will find trading charts, security information, alpha indicators, and more. For example, the $TOPIA token page looks like this:
Using the data in the interactive widget above, you can easily decide whether now is the right time to invest in $TOPIA. For example, studying alpha metrics can help you see how liquidity, net experienced buyers, holders, etc. have changed over time.
Using this information on the $TOPIA token page, you can now make investment decisions based on unbiased, irrefutable on-chain data delivered in real time. So this is the best and simplest way to decide whether TOPIA tokens are the right investment for you!
The safest and cheapest way to buy $TOPIA
If you like what you see and decide to acquire TOPIA cryptocurrency tokens, you should know that you can purchase them directly through the Moralis Money token page. Let’s break the process down into three simple steps:
- Level 1: Visit the Moralis Money $TOPIA token page and connect your Web3 wallet.
- Step 2: Select a trading pair:
- Step 3: Click the “Transaction” button and sign the transaction.
That’s it; Moralis Money’s cryptocurrency exchange feature allows you to acquire any token instantly!
Additionally, thanks to the 1-inch DEX aggregator, Moralis Money can offer low prices and low transaction fees. In fact, leveraging this protocol makes Moralis Money one of the best ways to buy cryptocurrencies.
Summary: HYTOPIA cryptocurrency game and TOPIA token
In today’s article, we started by learning about HYTOPIA. From this, we learned that HYTOPIA is a cryptocurrency game that aims to be “the next Minecraft.” Additionally, at the heart of the HYTOPIA ecosystem is the native $TOPIA token. TOPIA cryptocurrency tokens are HYTOPIA’s in-game currency, allowing players to trade with each other.
In addition to exploring HYTOPIA cryptocurrency games and TOPIA tokens, we also showed you how to analyze TOPIA tokens using Moralis Money!
Moralis Money is the industry’s leading on-chain trading indicator. This tool leverages real-time blockchain data and presents it in an easy-to-read and understandable format. Moralis Money therefore allows you to easily find, analyze and exchange the latest cryptocurrencies, making this platform the ultimate one-stop shop for cryptocurrency traders!
Additionally, did you know that you can further enhance the features of Moralis Money by subscribing to the Moralis Money Pro plan? That way, you’ll get access to the best cryptocurrency whale tracker, premium training, private Discord server, and more.
Also, if you liked this article, check out some additional content here on Moralis Money. For example, read about OX Coin, DOBO Coin or ESPR Token!