THG Token Value Calculator
THG Airdrop Value Calculator
Calculate what your THG tokens would be worth today, based on the original airdrop parameters from September 2021.
How This Calculator Works
This tool uses the following values:
- THG token price at airdrop peak: $0.15 (October 2021)
- Current THG token price: $0.005 (approximate)
- THG tokens distributed: 1,000-5,000 per participant
Back in September 2021, the blockchain gaming world buzzed with excitement. Thetan Arena, a competitive multiplayer battle game built on Binance Smart Chain, launched one of the first major GameFi airdrops ever tied to a live, playable title. The THG airdrop wasn’t just a giveaway-it was a strategic move to fuel player adoption, reward early supporters, and prove that blockchain games could attract real users with real incentives.
If you’re reading this now in late 2025, you might be wondering: Was this a scam? Did anyone actually make money? And more importantly-could something like this happen again? The answer isn’t simple. The THG airdrop is long over. But understanding how it worked gives you a blueprint for spotting real opportunities-and avoiding the next wave of fake airdrops.
What Was the THG Airdrop?
The THG (Thetan Gem) airdrop was part of the BSC GameFi Expo, a five-day event organized by Binance Smart Chain and CoinMarketCap. It kicked off on September 20, 2021, with Thetan Arena as the first project featured. Over the next five days, five GameFi projects distributed tokens to participants who completed simple tasks like following social accounts, joining Discord, and connecting their wallets.
Unlike today’s chaotic airdrops where you sign up for 50 projects and forget half of them, this one was structured. CoinMarketCap handled the verification and distribution. You didn’t need to buy anything. You didn’t need to send crypto. You just needed to prove you were a real person interested in blockchain gaming.
THG was the governance token of Thetan Arena. It wasn’t meant for spending in-game-that was THC’s job. THG gave holders voting power over future upgrades, fee structures, and new hero releases. Think of it like owning a share in the game’s future, not just a bonus token.
How Did You Qualify?
To get THG tokens, you had to complete three steps:
- Follow Thetan Arena’s official Twitter and Telegram channels.
- Join the Thetan Arena Discord server and verify your account.
- Connect your Binance Smart Chain wallet (usually MetaMask) to the CoinMarketCap airdrop portal.
That’s it. No KYC. No deposit. No fake promises. The system was designed to filter out bots by requiring wallet connections and social proof. Over 250,000 people participated across the five-day expo. Thetan Arena’s share of the $100,000 total token pool was distributed to roughly 85,000 qualified participants.
Each eligible user received between 1,000 and 5,000 THG tokens, depending on how early they signed up and whether they referred others. Early birds got the most. Latecomers still got something, but it was smaller.
Why Binance Smart Chain?
Thetan Arena didn’t pick Ethereum. It didn’t pick Solana. It picked Binance Smart Chain because it was cheap, fast, and already packed with gamers.
On Ethereum, a single in-game transaction could cost $50 in gas fees. On BSC? Less than $0.10. That meant players could fight, complete quests, and trade NFT heroes without worrying about breaking the bank. The game’s dual-token system made this even smarter:
- THC (Thetan Coin): Earned by winning battles and completing quests. Used to buy items, upgrade heroes, and enter tournaments.
- THG (Thetan Gem): Airdropped to community members. Used for voting, staking, and premium access.
Heroes in Thetan Arena were NFTs. You could buy them in the in-game shop using THC. But the real value came from skins. A normal hero might earn you 5 THC per win. A legendary hero with a mythical skin? Up to 23.55 THC per victory. That’s not a typo. The game was designed so your investment in better heroes paid off fast.
What Happened After the Airdrop?
After the airdrop ended, Thetan Arena didn’t disappear. It kept growing. By late 2021, it had over 1 million monthly active players. The THG token wasn’t just sitting in wallets-it was being staked, traded, and used to vote on new features like seasonal tournaments and hero rebalances.
But here’s the reality: Token prices don’t stay high forever. THG peaked at around $0.15 in October 2021. By early 2022, it had dropped to $0.02. Today, it trades below $0.005. That doesn’t mean the game failed. It means the airdrop was never meant to be a get-rich-quick scheme. It was meant to build a community.
Players who held onto their THG and kept playing the game benefited more than those who cashed out immediately. The real value wasn’t in the token price-it was in the ability to earn THC daily, trade NFT heroes, and participate in a thriving player economy.
Why This Airdrop Was Different
Most airdrops today are spammy. You sign up, get 10 tokens worth $0.50, and never hear from the project again. Thetan Arena’s airdrop was different because:
- It was tied to a working game, not a whitepaper.
- It was distributed by CoinMarketCap, a trusted third party.
- It required real engagement-not just signing up.
- It had clear utility: THG wasn’t just a meme token-it gave you a say in the game’s future.
And it worked. Thetan Arena became one of the most-played blockchain games in 2021 and 2022. It still runs today, with updates, tournaments, and new hero skins released regularly.
What You Can Learn for Future Airdrops
If you’re looking for the next big airdrop, here’s what to watch for:
- Check the team. Is there a public GitHub? Do they have real devs? Or just a Discord with 10,000 bots?
- Look for partnerships. Was the airdrop run with Binance, CoinMarketCap, or another known platform? Or is it just a random website?
- Understand the token. Is it just a reward, or does it do something? Voting? Staking? Access?
- Play the game first. If you can’t test it on your phone or PC, walk away.
- Never send crypto to claim. Legit airdrops don’t ask for your private keys or a deposit.
Thetan Arena’s THG airdrop didn’t make millionaires. But it gave thousands of players real tools to earn, own, and influence a game they loved. That’s worth more than a quick cash-out.
Is There a New THG Airdrop?
No. The original THG airdrop ended in September 2021. There are no official plans for another one. Any website or social post claiming to offer a ‘new THG airdrop’ is a scam.
Thetan Arena still exists. You can still play it. You can still earn THC. You can still buy and trade NFT heroes. But the airdrop phase is over. Don’t fall for fake claims. The real game is still running-just not the giveaway.
Final Thoughts
The THG airdrop was a landmark moment in GameFi. It proved that blockchain games could attract mass adoption-not through hype, but through real gameplay and fair token distribution. It showed that airdrops don’t have to be scams. They can be the first step toward building something lasting.
Today, thousands of games promise play-to-earn. Most fail. Thetan Arena didn’t. It kept improving. It kept paying players. And it did it all on Binance Smart Chain, with a token system that actually made sense.
If you’re looking for a real Web3 gaming experience, don’t chase the next airdrop. Find a game that’s still alive. Play it. Earn from it. Own it. That’s the lesson Thetan Arena taught us.
Was the THG airdrop real or a scam?
The THG airdrop was real. It was run by Thetan World in partnership with Binance Smart Chain and CoinMarketCap during the BSC GameFi Expo in September 2021. Thousands of users received THG tokens after completing simple, free tasks. No payment was required. The distribution was verified through wallet connections and social account proof. However, many fake airdrop sites have copied the name since then-always verify through the official Thetan Arena website.
Can I still claim THG tokens from the 2021 airdrop?
No. The THG airdrop window closed on September 25, 2021. The CoinMarketCap portal is no longer active for claiming. Any site claiming to offer late claims is a phishing attempt. If you participated back then and connected your wallet correctly, your tokens were automatically sent to your BSC wallet. Check your wallet history for THG transactions from that time.
What’s the difference between THG and THC in Thetan Arena?
THG (Thetan Gem) is the governance token. It’s used for voting on game updates, staking for rewards, and accessing exclusive features. THC (Thetan Coin) is the in-game currency. You earn THC by winning battles, completing quests, and entering tournaments. You spend THC to buy heroes, skins, and items. THG was distributed via airdrop; THC is earned through gameplay.
Do I need a Binance Smart Chain wallet to play Thetan Arena?
Yes. Thetan Arena runs on the Binance Smart Chain (BSC). You need a wallet like MetaMask or Trust Wallet configured for BSC to connect, earn tokens, and trade NFT heroes. You must also add the correct BSC network settings and contract addresses to avoid scams. Always use the official Thetan Arena website for wallet links.
Are NFT heroes still valuable in Thetan Arena today?
Yes, but their value depends on rarity and skin type. Legendary heroes with mythical skins still earn the highest THC rewards per battle-up to 23.55 bonus THC per win. While the market for NFT heroes has cooled since 2021, active players still trade them based on performance. A good hero can pay for itself in a few weeks of play. The game’s economy still rewards skill and smart asset choices.
Is Thetan Arena still active in 2025?
Yes. Thetan Arena is still live and regularly updated. The game has added new maps, seasonal tournaments, and hero customization options since 2021. While it no longer runs large-scale airdrops, it maintains an active player base and continues to reward players with THC for daily play. The official website and Discord remain active with developer updates.
Adrian Bailey
November 12, 2025 AT 01:33man i still remember when i first stumbled on this game back in 2021-i thought it was just another crypto scam, but the gameplay was actually fun? like, i could grind for hours and actually feel like i was getting somewhere. the hero skins made all the difference, and i still have that one legendary with the dragon wings that i bought for 800 THC. no regrets. i never cashed out the THG either, just kept playing. the game’s still alive, and honestly? that’s more than i can say for half the ‘play-to-earn’ junk out there now. 🎮
Arthur Crone
November 12, 2025 AT 03:52THG was a joke. 5000 tokens at $0.15? that’s $750. you think that’s real money? try living on it. everyone who held it is a fool. the game’s still running? yeah, because the devs are milking the NFT market like it’s a cash cow. no utility, no innovation. just rebranded gambling with extra steps.
Rachel Everson
November 13, 2025 AT 01:13if you’re new to GameFi and thinking about jumping in, don’t look for the next airdrop-look for the next game that actually updates. Thetan Arena didn’t disappear after the hype. They kept fixing bugs, adding new maps, listening to players. That’s rare. I started playing because of the airdrop, but I stayed because the battles felt fair and the rewards were consistent. If you play smart, you can earn more than you spend. Don’t chase tokens-chase fun.
Wayne Dave Arceo
November 13, 2025 AT 20:33Let me be perfectly clear: the THG airdrop was a masterclass in responsible token distribution. Not a single private key was compromised. No deceptive KYC. No rug pulls. CoinMarketCap’s involvement ensured legitimacy, and the BSC infrastructure made it accessible to the masses. The token had governance utility, not speculative fluff. Contrast this with today’s chaotic meme-token farms where developers vanish after a week. The failure lies not with Thetan Arena, but with the current generation of crypto entrepreneurs who mistake hype for innovation. This was not a giveaway-it was a foundation.
William Moylan
November 14, 2025 AT 08:18you think this was real? think again. coinmarketcap was paid. the whole thing was a front for bsc to pump their chain. i’ve seen the emails. the devs had a secret list of insiders who got 100k THG before the public even knew. and now they’re pretending it was fair? lol. the fact that you still play? that’s your problem. they’re not building a game-they’re building a exit scam with better graphics.
Laura Hall
November 14, 2025 AT 19:03okay but like… i just wanna say i’m so glad i didn’t give up on this game. i got 2k THG and i thought i was broke, but then i started trading skins with friends and actually made enough THC to buy a new phone. no one’s rich, but we’re all kinda surviving together? i still log in every night, even if i just do one match. it’s like… community? idk. it’s nice to feel like you’re part of something that’s still breathing. also i miss the old chat lmao
Ruby Gilmartin
November 15, 2025 AT 21:07Thetan Arena’s tokenomics were flawed from the start. THG’s inflationary design, combined with zero burn mechanisms, guaranteed depreciation. The 85,000 participants received a diluted asset with no deflationary counterweight. The game’s longevity is irrelevant-economic principles don’t care about your nostalgia. You didn’t earn value; you were given a depreciating liability disguised as ownership. This wasn’t innovation. It was a textbook example of how not to design a token economy.
Johanna Lesmayoux lamare
November 16, 2025 AT 09:52Still have my THG. Never sold. Still play. Still earn. Simple.
Rebecca Saffle
November 18, 2025 AT 02:11they made you think you were part of something revolutionary. but the truth? you were just a number in their growth chart. they didn’t care about you. they cared about the 250k wallets they could pump into BSC. and now? the game’s still running, but the devs are in Bali. you think they’re updating it? they’re updating their private jet schedules. don’t be fooled. this was never about the players.
BRYAN CHAGUA
November 18, 2025 AT 16:43I’ve followed blockchain gaming since 2018, and Thetan Arena was one of the few projects that actually delivered on its promise. Not because the token price stayed high-but because the community stuck around. I watched players teach each other strategies, trade skins, even organize local tournaments. That’s the real win. Money comes and goes. But when people build something meaningful together? That lasts. I still recommend this game to newcomers-not for the airdrop, but for the experience.
Elizabeth Stavitzke
November 20, 2025 AT 03:57Oh wow. Another ‘it wasn’t a scam’ apology post. You people really believe this nonsense? BSC was the perfect vehicle for a low-cost, high-volume exit scam. Cheap gas meant more people could get scammed faster. THG had zero real utility beyond voting on cosmetic changes. And now you’re calling it ‘visionary’? Please. This was capitalism at its most cynical: sell hope, then walk away with the money.
Ainsley Ross
November 21, 2025 AT 17:05I’m from Ireland, and honestly, I never expected a blockchain game from Asia to feel so… human. The devs responded to feedback. They didn’t vanish after launch. I still remember the first time I won a tournament and saw my name on the leaderboard. I cried a little. Not because of the THC-I cried because I felt seen. That’s rare. If you’re looking for meaning in Web3, don’t chase tokens. Chase moments like that. They’re real.
Michael Heitzer
November 22, 2025 AT 09:11What we’re really talking about here isn’t a token or a game-it’s the philosophy of ownership. Thetan Arena didn’t just give you tokens; it gave you agency. You could vote on balance changes, suggest new heroes, even influence tournament formats. That’s not a feature-it’s a revolution. Most games are walled gardens. Thetan Arena was an open town square. And yes, the token dropped. But the power? That stayed with the players. That’s the real legacy. Not price charts. Not airdrops. Agency.
Brian Gillespie
November 23, 2025 AT 07:03Played it for 6 months. Made back my initial hero cost in 3 weeks. Still play once a week. No drama. Just fun.
Douglas Tofoli
November 24, 2025 AT 20:05lol i still have my thg in my metamask and i forgot about it until last week when i checked. 12k tokens. worth like 60 cents. i laughed so hard. then i used it to buy a new skin. i didn’t cash out. i just… played. the game still works. the community still talks. the devs still post. so who really lost? 🤷♂️
Atheeth Akash
November 25, 2025 AT 08:32i came from india where internet is slow and data is expensive. this game worked on 2g. i earned my first hero with 2 weeks of playing. no money spent. i still play with my cousin now. thg is gone but the memories? still here. thanks for the game guys 🙏
Michael Faggard
November 26, 2025 AT 09:14Let’s cut through the noise. THG wasn’t meant to be a speculative asset-it was a governance mechanism designed to decentralize decision-making in a game economy. The price collapse? That’s market behavior, not failure. The utility remained: staking rewards, voting rights, access to exclusive events. The real mistake? Users treating it like a stock. GameFi isn’t Wall Street. It’s a community-run sandbox. The value wasn’t in the price-it was in the participation.
Stephanie Platis
November 28, 2025 AT 00:02It’s not enough to say ‘it wasn’t a scam.’ That’s a low bar. The real crime? The fact that people still believe this was a model worth emulating. You gave away governance tokens to users who didn’t understand them. You incentivized passive ownership, not active participation. And now, five years later, you’re glorifying a system that failed to educate its participants? That’s not innovation. That’s negligence dressed up as idealism.
ty ty
November 29, 2025 AT 21:19so you played a game and got free tokens. big deal. i bet you also think the moon landing was real. you got airdropped coins. you didn’t build anything. you didn’t create anything. you just clicked buttons. congrats. you’re a participant in capitalism’s latest magic trick.