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Title : MIR4: What is HYDRA Token?
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MIR4: What is HYDRA Token?

Free-to-play NFT MMORPG MIR4 has announced its new token called HYDRA. Check out more information below.

What is MIR4 HYDRA Token?

HYDRA or HYD, meaning High Yield of DRACO, is a refined version of the DRACO coin that can be produced by combining DRACOs and Septaria, an in-game resource that can be acquired from the Sanctuary of HYDRA.

HYDRA Token is designed to prevent bots and abusers from acquiring necessary materials without affecting regular player experiences, establishing HYDRA as a rare and economically-genuine utility coin.

The implementation of the Trinity algorithm and the expansion of DRACO applications are also expected to serve as a means of reestablishing equilibrium while steadily increasing demand for DRACO, thereby further developing the economy of the game and DRACO.

HYDRA is part of the MIR4's Seoul Spooning 2022 event, an enactment to evolve the functionality of DRACO into the GameFi space.

How to refine HYDRA Token?

In refining Hydra token, you will need the following resources:

• Base materials
• x20 Draco coins
• Refining fee (calculated through a complex algorithm known as Metamorphic Staging)
• Draco
• Septaria

Smelting HYDRA follows Metamorphic Staging, an indicator medium used to determine the change in the number of materials and fees required to refine the token. Each 100,000 HYDRA refined increases the Metamorphic Stage by one level, up to a maximum of 500. The variable cost of the Refining fee increase is expressed in DRACO units, and the Metamorphic Stage determines the increment of the Metamorphic Septarium and the Refining fee increase based on the cumulative refined HYDRA. In simple terms, as the Metamorphic Stage increases, the required number of Septaria and Dracos as refining fees will gradually increase.

Example:

Metamorphic Stage 1

Cumulative refined HYDRA: 1 to 100,000

Total Refining Cost: 21 Draco coins + 1 pc Septaria

Metamorphic Stage 2

Cumulative refined HYDRA: 100,001 to 200,000

Total Refining Cost: 22 Draco coins + 2 pcs Septaria

Metamorphic Stage 3

Cumulative refined HYDRA: 200,001 to 300,000

Total Refining Cost: 22 Draco coins + 3 pcs Septaria

Metamorphic Stage 500

Cumulative refined HYDRA: 49,900,001 to 50,000,000

Total Refining Cost: 100 Draco coins + 500 pcs Septaria

The official MIR4 HYDRA page provides a Refining Cost Calculator to calculate refining fees easily.

Note: In the initial plans of MIR4, Hydra can be converted back into Dracos. However, it has been modified following the recent Draco economic trends and conditions. Therefore, Hydra can't be converted back into Dracos.

Sanctuary of Hydra

Septaria can be obtained through the conquest, "Sanctuary of Hydra." It becomes claimable each day as a daily reward by upgrading the Sanctuary of Hydra conquest.

The amount of Septaria claimable daily will increase based on players' achieved conquest level. Sanctuary of Hydra can be upgraded to a maximum of level 15, yielding 25 pcs Septaria per day as daily rewards.

Scope of HYDRA Token

Tied Coin - Between DRACO coin and HYDRA coin exists an intricate value correspondence in which the value of one influences the value of the other.

Synthetic Coin - HYDRA is a refined utility coin that is based on DRACO. HYDRA implements the AFB (Away From Bots) policy by requiring a secondary material obtained via the Conquest system known as Septaria. By doing so, MIR4 will give players increased control over the in-game and DRACO economies.

Diplomatic Coin - HYDRA is a coin that represents MIR4 and will be used primarily to interact with other games and coins (tokens) on the WEMIX platform. HYDRA will play a critical role in the development of the WEMIX ecosystem by interacting with future trade mediums such as Swaps, Exchanges, and Bridges.

Governance Token - As the MIR4 ecosystem evolves, it is anticipated that a governance program centered on the DRACO economy will be implemented. Once the initiative is launched, HYDRA will become a governance token.

DeFi Token - HYDRA is a DeFi token with a high reward yield potential via various DeFi programs. Through Seoul Spooning 2022, "HYDRA Awakening" will launch the first DeFi service, HSP (HYDRA Staking Program), and several other DeFi services, such as HSP101, E-AXD, and D-AXD, will be introduced for HYDRA holders.

Tradable Coin - HYDRA is a cryptocurrency that can be traded on the WEMIX DEX (Decentralized Exchange).

Also read: List of Free NFT Games (Play-to-Earn)

Draco as a utility coin and Hydra as a GameFi token will offer MIR4 players the full exposure of Play and Earn experience.

This article was first published on January 11, 2022, and updated on January 25, 2022.

Source: MIR4

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