Phase 2 Buy Back Program Results - April & May
Good Day, Good Gamers!
After the first phase of the buyback program, we've seen a lot of positive signs for Heroes & Empires' economy. The purchase of 762 NFT and 1,345,760 HE tokens, for example, helped in pushing up the price of Epic-tier heroes and avoided inflation, which could have caused the price of HE tokens to fall.
As a result, phase 2 of the buyback program is an essential event that we have prioritized in order to have a beneficial impact on the in-game market. Following the traditional practice, the game used all of the proceeds from the Marketplace to purchase back cheap NFTs in the market during phase 2 of the buy back program (April and May).
📌 Three major objectives are being pursued by this action:
(1) We want to construct a higher-order NFT based on the cost calculation table. If a high-tier NFT has a cheap price, it will be swiftly acquired, limiting profiteers' dumping activity, which will negatively impact the interests of many other players.
(2) To improve NFT liquidity, the game will emphasize high-tier "objects" that encourage players to turn around capital (sell high-tier NFTs to invest in the squad) and urge them to upgrade NFTs.
(3) When the NFT price is favorable and easy to liquidate, the game will instruct players to use HE tokens to create a large number of NFTs at the appropriate price.
For your convenience, the data from the buy back program (monthly) is summarized below:
Number of NFTs purchased: 2498 NFTs (Immortal tier and above have 20 NFT)
According to TXID, all NFT Heroes were burned:
📌 Finally, don't forget to subscribe and like so you don't miss the next month's Heroes & Empires buyback programs!!!
About Heroes & Empires
Heroes & Empires is a strategy game that combines the distinct elements of Idle RPG with auto-chess tactics, all while being linked to blockchain technology. By utilizing the Non-Fungible Token (NFT) feature to create characters and items, as well as Skill-2-Earn elements, players will be able to earn a consistent income while having fun with many gaming features.