MIR4, a blockchain-based multiplayer online role-playing game that features a utility cryptocurrency, has completed testing and is now live, according to a press release.
The video game, which was launched Thursday, allows players to gather utility coins known as DRACO. In turn, the coins can be exchanged for Darksteel – an essential resource used in the game, and vice versa. Utility coins or tokens are those that can be exchanged for a good or service.
DRACO can also be exchanged for non-fungible tokens (NFT), which users can see in the game. Those NFTS can traded on a NFT marketplace that’s scheduled to be launched next month.
According to the coin’s webpage, DRACO’s real value is derived from its nominal value with a share dividends-based bonus. Its intrinsic value, meanwhile, is “guaranteed” via the value of resources derived from the game, according to the game’s publisher, Wemade Co..
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The price for DRACO stands at around $6.25 and has jumped 221% over the last 24-hours.
The game – which has been released in 170 countries and in 12 languages – can be played on different platforms and downloaded on a mobile phone or PC.
MIR4 made its debut in South Korea during a testing phase last year and successfully completed further testing earlier this month, according to the release.