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Is my understanding correct? If price of game increases in the coming months, we have to buy the game again but so as long as the price doesn't increase, we can get new builds for free right?! so if I buy 0.7, I will get 0.8, 0.9, v1, 1.1, 1.2, 1.3 ... v2 etc until the price increases?

If the price is going to increase in the future, how many times are you going to increase the price?

is there a benefit to buying the itch.io version now then buying later at the increased price of the game?

Yes, but we will not increase the price in this year. We also will release the game on Steam next year.

Will the game updates be moved to Steam after the Steam release or will updates keep coming for itch?

I think we will continue to update Itch page, but Steam/Patreon will be firstly for us