Crypto Market

Long-running game Tibia launches its own cryptocurrency

With the launch of its own cryptocurrency, CipSoft, the company behind the old video game Tibia enters the world of web3.

As the video game’s website explains, in an advertisement Made a few days ago, TIB can be acquired by 1:1 conversion of Tibia Coins – the platform’s native currency – through the “Tibia Token Exchange” section that will be available on the website at the end of this year.

The new tokens maintain the ERC20 standard and They are based on the BNB Smart Chain, created by Binance. To purchase them, players must have a verified and registered account with two-factor authentication enabled.

It is also necessary that the digital wallet has enough BNB to cover the gas fees of the transaction. Minimum trading amounts They were set at 100 Tibia Coins.

In this way, players are offered the possibility of purchasing products related to the game using the native currency, but without having to resort to the P2P market, resellers or other intermediaries to purchase it. Actions that have been considered risky because They opened the door to overpricing, scams and fraud complaintssuch as they comment some users of the platform.

«We want to offer a simple and secure system for players who want to exchange Tibia Coins outside of the game environment. It is essential for us to offer a reliable system that clearly shows all costs, adheres to the highest safety standards and legally complies with all relevant legal provisions and guidelines.”
CipSoft

That is why they consider that with this new function all relevant laws and regulations are complied withwithout altering the performance of the game and without exposing the company to lawsuits or sanctions from the authorities.

Additionally, the token exchange process is guaranteed not to interfere with gameplay because players will not have to deal with TIB unless they want to.

A step from the old to the web3 world

At this point, some users took advantage of the comments section to recommend adding more features to the new token, beyond exchanging it for Tibia Coins. They suggest, for example, using them in other games or on other platforms, or in alliance with other companies.

This is a possibility that was not denied by the companyalthough he insisted that the mechanics and future functions will continue to be createdregardless of the Tibia token system. “Preserving the core values ​​of the game is our top priority and that commitment will remain unchanged going forward.”

The goal is to make an update and preserve the essence of one of the massively multiplayer online role-playing games oldest in the sectorwhich is now approaching its 30th anniversary. In this sense, many users supported the fact that such an old game is entering the cryptocurrency area, although they drew attention to the existence of a large number of players. not familiar with the world of tokens and the web3.

That is why they do not know if with this change Tibia, which was launched in 1997 and which maintains great popularity in Latin American countries such as Venezuela, can maintain your participant volume and gain new players. What many of the comments did affirm is that with TIB the platform will gain greater liquidity.

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