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Information about "League of Kingdoms Arena"
What Is League of Kingdoms (LOKA)?
League of Kingdoms (LOKA) is a strategy game that operates on blockchain technology and supports Massively Multiplayer Online (MMO) interactions. As part of a web3 gaming ecosystem, it gives players the chance to earn real-world income by engaging in various in-game activities.
Players can take on the role of building kingdoms, assembling armies, forging alliances, and battling for dominance and wealth. The game offers various modes, including player-versus-environment (PvE), player-versus-player (PvP), and multi-party (MMO) gameplay.
The game features a governance token, LOKA, which lets holders influence decisions within the platform, purchase in-game items, and enjoy special benefits through token staking. Additionally, a utility token known as DST (Dragon Soul Token) is essential for breeding Dragos, the game's dragon-like characters, and has other uses within the game.
The LOKA token was officially launched in January 2022, although the game itself became available in July 2021, as detailed in its whitepaper. Throughout 2022, the platform aimed to introduce new features like an exclusive NFT marketplace, a PvP arena, and a land reward hub. By 2025, with the introduction of two new games, the platform aspires to create a diverse gaming universe unified by the LOKA token and its NFT collections.
Players can take on the role of building kingdoms, assembling armies, forging alliances, and battling for dominance and wealth. The game offers various modes, including player-versus-environment (PvE), player-versus-player (PvP), and multi-party (MMO) gameplay.
The game features a governance token, LOKA, which lets holders influence decisions within the platform, purchase in-game items, and enjoy special benefits through token staking. Additionally, a utility token known as DST (Dragon Soul Token) is essential for breeding Dragos, the game's dragon-like characters, and has other uses within the game.
The LOKA token was officially launched in January 2022, although the game itself became available in July 2021, as detailed in its whitepaper. Throughout 2022, the platform aimed to introduce new features like an exclusive NFT marketplace, a PvP arena, and a land reward hub. By 2025, with the introduction of two new games, the platform aspires to create a diverse gaming universe unified by the LOKA token and its NFT collections.
Who Are the Founders of League of Kingdoms?
Chan Lee, who serves as CEO and co-founder of NOD Games, is one of the creators behind League of Kingdoms (LOKA). NOD Games is a company dedicated to developing blockchain-based games. Chan Lee holds a Computer Science degree from Pohang University of Science and Technology, a leading institution in South Korea. His past experience includes working as a product designer at Samsung Electronics, serving as an executive board member at DAYLI Financial Group, a fintech organization, and co-founding NEXTMATCH, South Korea's top dating app service provider.
Steve Hwang is the chief technology officer (CTO) and also a co-founder of NOD Games. With a strong background in programming and game development, he was part of the founding team at Gamevil, a mobile game publisher based in Seoul, and also worked as a software engineer at the well-known video game company Electronic Arts.
Steve Hwang is the chief technology officer (CTO) and also a co-founder of NOD Games. With a strong background in programming and game development, he was part of the founding team at Gamevil, a mobile game publisher based in Seoul, and also worked as a software engineer at the well-known video game company Electronic Arts.
What Makes League of Kingdoms Unique?
League of Kingdoms (LOKA) stands out to both crypto fans and traditional gamers by offering a rich assortment of in-game content and diverse gameplay modes, paired with a play-to-earn economic model. According to its whitepaper, it claims the title of the first blockchain-based 4x (Explore, Expand, Exploit, Exterminate) MMO game.
The game's land assets are represented as ERC-721 non-fungible tokens (NFTs). Owning these digital plots allows players to cultivate resources, earn dividends by renting them out, and receive a portion of the game's revenue.
As a complex socio-economic ecosystem, League of Kingdoms necessitates thoughtful governance for long-term success. The platform aims to gradually transition to a decentralized autonomous organization (DAO) to ensure fair distribution of control and value within the community. Although it initially has centralized control, the game plans to move towards a community-driven governance model as its decision-making infrastructure evolves.
Dragos, which act as companions within the game, can engage in various activities and are represented as ERC-721 NFTs. These companions are fundamental to enhancing the game's play-to-earn economy. Players need to own a Drago to earn DST, and both LOKA and DST tokens are required for breeding Dragos. Moreover, DST will serve in upgrading, enhancing, and unlocking multiple in-game utilities.
The game's land assets are represented as ERC-721 non-fungible tokens (NFTs). Owning these digital plots allows players to cultivate resources, earn dividends by renting them out, and receive a portion of the game's revenue.
As a complex socio-economic ecosystem, League of Kingdoms necessitates thoughtful governance for long-term success. The platform aims to gradually transition to a decentralized autonomous organization (DAO) to ensure fair distribution of control and value within the community. Although it initially has centralized control, the game plans to move towards a community-driven governance model as its decision-making infrastructure evolves.
Dragos, which act as companions within the game, can engage in various activities and are represented as ERC-721 NFTs. These companions are fundamental to enhancing the game's play-to-earn economy. Players need to own a Drago to earn DST, and both LOKA and DST tokens are required for breeding Dragos. Moreover, DST will serve in upgrading, enhancing, and unlocking multiple in-game utilities.
How Many LOKA Coins Are There in Circulation?
The total supply of LOKA tokens is 500 million, with 172,588,641 LOKA currently in circulation. As per official sources, the tokens are distributed as follows:
* 20% is allocated to the team
* 19% is designated for funding further ecosystem growth
* 10% is held in the company’s reserve
* 6% was used in the private sale
* 5% is available through the public sale
* 13% is set aside to reward gamers' skill and tactics (game issuance)
* 5% is earmarked for landowner rewards (land issuance)
* 20% is reserved for staking rewards
* 2% is given to advisors
* 20% is allocated to the team
* 19% is designated for funding further ecosystem growth
* 10% is held in the company’s reserve
* 6% was used in the private sale
* 5% is available through the public sale
* 13% is set aside to reward gamers' skill and tactics (game issuance)
* 5% is earmarked for landowner rewards (land issuance)
* 20% is reserved for staking rewards
* 2% is given to advisors
How Is the League of Kingdoms Network Secured?
LOKA (League of Kingdoms) utilizes the ERC-20 token standard on the Ethereum blockchain, enhanced by a layer 2 solution using the Polygon/Matic network. This setup offers reduced gas fees and better scalability for Ethereum transactions.
When Will LOKA Trading Begin?
Trading for LOKA (League of Kingdoms) began in January 2022.
Can LOKA Hit $10?
As of March 2022, LOKA (League of Kingdoms) is trading at approximately $1.76. The game has a global presence, being played in over 210 countries, with daily active players rising from 4,000 in July 2021 to 150,000 by March 2022. Given the current development trajectory and the level of interest from fans and the media, the League of Kingdoms' governance token could see a considerable rise in price.
Where Can You Buy LOKA?
You can purchase LOKA (League of Kingdoms) on several exchanges including Binance, Gate.io, Poloniex, Tokocrypto, Mandala Exchange, Bitrue, BTCEX, XT.COM, Hoo, Hotbit, TOKENCAN, Hotcoin Global, CoinEx, and Uniswap V2, among others.
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