Heroes of Mavia
MAVIA
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Heroes of Mavia (MAVIA) is the governance and utility token for a Web3 mobile strategy game developed by Skrice Studios, backed by a live product on mobile app stores and institutional support from investors including Binance Labs. The project benefits from structured tokenomics with a hard cap of 250 million tokens, extended 4-to-6 year vesting schedules, and proactive adjustments such as emission cuts and delayed team unlocks. Its security profile is supported by multi-party smart contract and bridge audits by Quantstamp and Cyberscope with zero recorded hacks or exploits. However, MAVIA faces severe headwinds including a 99.7% price drawdown from all-time highs, market capitalization under $10M, closed-source code repositories, centralized governance control, and declining user engagement metrics. No qualifying red-flag events were established to trigger an overall score cap.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Heroes of Mavia (MAVIA)
Heroes of Mavia (MAVIA) is the native governance and utility token for a Web3 mobile multiplayer strategy game developed by Skrice Studios. Operating on the Ethereum and Base blockchains, the token underpins an in-game economy where players construct bases and battle for resources. MAVIA features a fixed maximum supply of 250 million tokens, with allocations distributed across community and ecosystem initiatives (44%), the core team (22%), and pre-sale participants (15%), subject to multi-year vesting schedules ranging from four to six years.
Skrice Studios, which raised a $5.5 million seed round led by Binance Labs and Genblock Capital in January 2022, manages the project alongside named leads including Tristan Chaudhry. The project utilizes off-chain Snapshot voting for community governance and a LayerZero-based bridge for cross-chain transfers. Smart contracts and bridge infrastructure have undergone external security assessments by Quantstamp and Cyberscope, though Quantstamp highlighted documentation deficiencies regarding centralized control mechanisms and privileged contract roles.
The project faces significant market and operational challenges. MAVIA has experienced a 99.7% price drawdown from its all-time high of $10.59, bringing its market capitalization below $10 million with depressed trading volume. In addition, the token was delisted from the Coinone exchange following declining user metrics. Other ongoing concerns include closed-source code repositories, centralized discretion over token vesting modifications, and muted governance participation.