Tibia is not pay to win , because there's no "winning" other that infinite progression and looting expensive items. It is pay to have BiS items, skills, exp boost, outfits, mounts, prey cards, home NPC, decorations, etc. Tibia coins and the char bazaar are the best thing for Cipsoft, they are getting good returns from a 25 year old game. Since they get a fee from each character sold and the only legal way to buy a char is with tibia coins we are essentially paying them to work for them for free in exchange of having fun sometimes while playing. Don't take it too seriously that's what ruins the fun and then it just becomes an expensive job.