ice

[Icewolf]

Multiplayer is completely battle based, with multiple modes like siege, battle (team last man standing), team/deathmatch, etc.
Usually you have 1000 Gold to buy some equipment and for kills you earn more money (only for that session) and you can buy better stuff for your next respawn - if you loose too much money by dying, you'll have to get the basic stuff again.

I would love to see some overall progression on your char, but sieges are still a lot of fun.