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What Is League of Kingdoms (LOKA)?

By | February 22, 2022

League of Kingdoms (LOKA) claims to be the world’s first 4x MMO strategic game, as well as one of the world’s fastest-growing blockchain MMO games. The game is built on the Ethereum blockchain and its NFT ecosystem include a variety of in-game assets and properties, such as the game’s iconic Land NFT.

The Land NFTs are kept on the blockchain network and reflect the League of Kingdoms world’s very foundation. However, not only can players own these Lands, but they can also gather resources on them and mint NFTs to trade.

The game features a variety of gameplay types, from PvE to MMO. In the future, the gaming universe will be expanded with new game types, events, missions, campaigns, and contests.

How Does League of Kingdoms (LOKA) Work?

League of Kingdoms is a full-featured MMO Strategy game with single-player (PvE), multiplayer (PvP), and party-play options (MMO). The game attracts both crypto aficionados and mainstream gamers thanks to its diverse and rich game modes, content, and events.

League of Kingdoms is a game with a lot of content, modes, specs, events, and components to offer. It’s simple but sophisticated, exciting but tactical, and dynamic but multi-faceted. In the game, the players can construct their kingdom, join an alliance, participate in wars against other kingdoms, participate in championships, and many more activities.

Use Cases of League of Kingdoms (LOKA) Token

Regardless of who owns allodial title (NFT) to the land and material rights, LOKA holders will be in a privileged role of jurisdictional authority over entire continents. These players may be able to limit parts of the activities that can take place while under their control, levy taxes on inhabitants, issue fees, determine the value of bounties for contests, and establish other rules that other players must follow.

Simply put, LOKA stands for a wide range of democratic rights, including, but not limited to, voting rights, proposal rights, membership rights, and the freedom to express oneself on a variety of issues. It can be a double-edged sword in this way.

To avoid being supplanted by a handful of more powerful entities, the governance process will very certainly require several actors to work on these regulations, fines, fees, tolls, and other elements.

The shards of the “League of Kingdoms Arena (LOKA)” are Ethereum-based ERC-20 governance tokens. As essential members of the game universe, LOKA holders will be entitled to a variety of benefits and privileges, including the ability to participate in game governance processes.

Players will be able to earn $LOKA through participating in various community-driven activities and playing various game content within the League of Kingdoms Universe.

In summary, there are two utilities of the LOKA token:

  • To stay up with the quickly changing and increasing digital landscape, decentralize the ownership and control of the game universe.
  • More players will be encouraged to stake their tokens for the project’s long-term vision and engage actively in governance processes.

League of Kingdoms (LOKA) Tokenomics

The official details about the LOKA token shared by Binance are as follows:

  • Total token supply – 500,000,000 LOKA
  • Private sale allocation – 31,000,000 LOKA
  • Private sale token price – 0.10 USD / LOKA
  • Private sale amount raised – 3,100,000 USD
  • Binance launchpad sale allocation – 25,000,000 LOKA
  • Binance launchpad sale price – 0.16 USD / LOKA
  • Binance launchpad amount to be raised – 4,000,000 USD
  • Initial circ. supply when listed on Binance – 50,708,974 LOKA (10.14%)

Source: https://coinmarketcap.com/alexandria/article/what-is-league-of-kingdoms-loka-features-tokenomics-and-price-prediction

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