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(Please add a proper description of the party mechanics here.)
Players can invite other players to a party. Once you are in the same group with other players you can not attack each other anymore and share experience, loot, and other gameplay elements. To add a player to your party you can click on the plus sign, on the player icon or on the name in chat to invite him or her to your party.
(please add a few good images)
Depending on the size of a party an experience bonus is given to all members of the party.
Different loot-permissions exist. (please add more info)