According to PC Gamer, its going to be 9.95/month, but you wont need to pay to play multiplayer. At launch, the only advantage of paying is that you will get 12 character slots instead of 3. Later however, they are planning small monthly updates like equipment and skills, and large quarterly updates such as new areas and classes. You will be able to play all original content without paying, and even coop with other paying players. This is so hopefully you will get jealous of the goodies the payers are getting and decide to subscribe yourself.
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