League of Kingdoms

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Discover League of Kingdoms's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is League of Kingdoms?

League of Kingdoms (LOKA) is a blockchain-based massively multiplayer online (MMO) strategy game where players can earn real income through in-game activities. The game allows players to build kingdoms, assemble armies, form alliances, and battle for power and wealth. LOKA supports various game modes, including player-versus-player (PvP), player-versus-environment (PvE), and multiplayer (MMO). The game utilizes blockchain technology to ensure transparency, security, and immutability of in-game assets, and it features a play-to-earn economy where players can own and trade non-fungible tokens (NFTs) representing land and other game assets.

How is League of Kingdoms used?

League of Kingdoms (LOKA) is a blockchain-based Massively Multiplayer Online (MMO) strategy game where players can earn real income through in-game activities. The game utilizes two tokens: LOKA and DST. LOKA is the governance token that allows holders to participate in the decision-making process, purchase in-game items, and earn profits through staking. DST is the utility token required for breeding Dragos, the dragon-like in-game characters.

Key Uses of LOKA Token
  1. Governance: LOKA holders have voting rights, proposal rights, and membership rights, enabling them to influence the game's direction and policies. The voting power is proportional to the amount of LOKA staked in the vote.

  2. In-Game Purchases: LOKA can be used to buy in-game items, such as packages, skins, and goods.

  3. NFT Boosting: LOKA tokens can be used to create, upgrade, and acquire special NFT assets, including Drago and Skin NFTs.

  1. Earning Rewards: Players can earn LOKA tokens by participating in in-game competitions, achieving special tasks, and winning battles.

  2. Staking: LOKA holders can stake their tokens to support the project's long-term vision and engage actively in governance processes.

Gameplay and Features
  • Land Ownership: Players can own and trade digital assets through NFT technology, including lands that can be used to cultivate resources and earn dividends.
  • Game Modes: The game offers various gameplay types, including player-versus-player (PvP), player-versus-environment (PvE), and multiplayer (MMO).
  • Alliance System: Players can build kingdoms, raise armies, form alliances, and compete on battlefields.
Future Developments
  • In-House NFT Marketplace: A marketplace for trading NFTs is planned.
  • PvP Arena: A dedicated arena for player-versus-player battles is in development.
  • Rewards Hub: A hub for landowners to receive rewards is planned.

Overall, League of Kingdoms (LOKA) combines blockchain technology with MMO strategy gameplay, offering players a unique play-to-earn experience and opportunities for governance and staking.

How do I store League of Kingdoms?

To store League of Kingdoms (LOKA) tokens, you can use MetaMask. MetaMask is a digital wallet that allows you to store, send, and receive cryptocurrencies and tokens. Here's a step-by-step guide to store your LOKA tokens:

  1. Install MetaMask: If you haven't already, install the MetaMask browser extension or mobile app.

  2. Create a Wallet: Create a new wallet or use an existing one. Make sure to securely store your seed phrase and password.

  3. Import Custom Token: To add LOKA tokens to MetaMask, you need to import the custom token. You can do this by following the steps in the YouTube tutorial "How to import a Custom Token to Metamask".

  1. Add LOKA Token: Enter the LOKA token contract address and other required details to add the token to your MetaMask wallet.

  2. Store Your Tokens: Once the token is added, you can store your LOKA tokens in your MetaMask wallet. You can also use MetaMask to send and receive LOKA tokens.

Remember to keep your wallet secure by using strong passwords and storing your seed phrase safely.

How to buy League of Kingdoms?

To buy League of Kingdoms Arena (LOKA) tokens, you can follow these steps:

  1. Choose a Platform: You can buy LOKA on various platforms such as Uphold, Binance, Coinbase, Pionex, and Gate.io. Each platform has its own process and fees.

  2. Create an Account: On the chosen platform, create an account by providing the required information, including a valid ID and proof of address. Verification may take some time depending on your location.

  3. Add a Payment Method: Connect a payment method such as a bank account, debit card, or initiate a wire transfer. This will allow you to fund your account and make purchases.

  1. Select LOKA: Search for League of Kingdoms Arena (LOKA) in the platform's asset list and select it.

  2. Enter the Amount: Input the amount you want to spend in your local currency. The platform will automatically convert this to the equivalent LOKA amount.

  3. Confirm Purchase: Review the details of your purchase and confirm it. The LOKA tokens will be added to your account.

  1. Store or Use: You can store your LOKA tokens in your personal crypto wallet or use them for in-game purchases, governance, and other purposes within the League of Kingdoms Arena ecosystem.

Please note that cryptocurrency prices are subject to high market risk and price volatility. It is essential to understand the associated risks and conduct your own research before investing in any crypto asset.

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History of League of Kingdoms

League of Kingdoms (LOKA) is a blockchain-based massively multiplayer online (MMO) strategy game that combines elements of blockchain technology, governance, and a play-to-earn economy. The game was developed by NOD Games, a blockchain-based game development company co-founded by Chan Lee and Steve Hwang.

Early Development and Launch

League of Kingdoms was launched in July 2020 and quickly gained popularity, becoming one of the most played blockchain games. The game is available on both mobile and PC platforms and has attracted a large user base from over 210 countries.

Tokenomics and Governance

The LOKA token is the native governance and utility token of the game. It allows holders to participate in governance decisions, purchase in-game items, and earn profits through staking. The total token supply is 500,000,000 LOKA, with a significant portion allocated to various stakeholders, including the team, staking rewards, game rewards, and advisors.

Key Features and Updates

The game features a variety of gameplay modes, including player-versus-player (PvP), player-versus-environment (PvE), and multiplayer (MMO) options. Players can build kingdoms, assemble armies, form alliances, and battle for power and wealth. The game also incorporates non-fungible tokens (NFTs) to represent land plots, which can be owned and developed by users.

Future Plans

League of Kingdoms plans to release new features and updates, including an in-house NFT marketplace, a PvP arena, and a rewards hub for landowners. The game aims to continue evolving and providing new opportunities for players to earn income through in-game activities and governance participation.

Market Performance

The game has seen significant market activity, with its token being traded on various exchanges. The token's performance can be tracked through historical price data, which shows its open, high, low, and close prices, as well as trading volume and market capitalization.

Overall, League of Kingdoms (LOKA) has established itself as a prominent blockchain-based game, offering a unique blend of gaming and cryptocurrency features. Its governance model, play-to-earn economy, and NFT-based land ownership have attracted a large and active user base.

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How League of Kingdoms works

League of Kingdoms (LOKA) is a blockchain-based Massively Multiplayer Online (MMO) strategy game that combines traditional gaming elements with blockchain technology and a play-to-earn economy. Here's how it works:

Gameplay

In the game, players can build kingdoms, assemble armies, form alliances, and engage in battles against other kingdoms. The game supports various game modes, including player-versus-player (PvP), player-versus-environment (PvE), and multiplayer (MMO) modes. Players can earn real income through in-game activities such as owning land, cultivating resources, buying and selling in-game items, and participating in the game's play-to-earn economy.

Tokens

The game uses two tokens: LOKA and DST. LOKA is the governance token that allows holders to participate in the decision-making process, purchase in-game items, and earn profits through staking. DST is the utility token required for breeding Dragos, the dragon-like in-game characters.

Blockchain Technology

League of Kingdoms utilizes blockchain technology to ensure transparency, security, and immutability of in-game assets. The game runs on the Ethereum blockchain with a layer 2 solution on the Polygon/Matic network, providing cheaper transaction fees and improved scalability.

NFTs

The game uses ERC-721 non-fungible tokens (NFTs) to represent pieces of land in the game. Players can own these land tokens and use them to cultivate resources, earn dividends by renting them out, and receive a portion of the project's proceeds. Additionally, players can mint NFTs to trade.

Governance

The game incorporates a governance system where LOKA holders can participate in decision-making processes through voting. The voting power of a LOKA holder is proportionate to the quantity staked in the vote. This ensures that the community has a say in the direction of the game and its economy.

Future Development

The game plans to release new features and updates, including an in-house NFT marketplace, a PvP arena, and a rewards hub for landowners. This will continue to evolve and provide new opportunities for players to play, earn, and benefit from their efforts.

Overall, League of Kingdoms combines blockchain technology, MMO gameplay, and a play-to-earn economy to create a unique gaming experience where players can earn real income and participate in the game's governance.

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League of Kingdoms's strengths

The League of Kingdoms (LOKA) token has several strengths that contribute to its value and potential in the gaming and blockchain ecosystem. Here are some key strengths:

  1. Governance and Decision-Making Power: LOKA token holders have the ability to propose and vote on network governance decisions, giving them a significant say in the direction of the game and its ecosystem.

  2. Decentralized Ownership and Control: The token allows for decentralized ownership and control of the game universe, ensuring that decision-making is distributed among stakeholders rather than being controlled by a single entity.

  3. In-Game Utility: LOKA tokens can be used for various in-game activities such as purchasing items, minting and upgrading NFTs, and earning rewards through staking and participating in competitions.

  1. Strong Community Engagement: The game's alliance system and community-driven activities encourage active participation and collaboration among players, fostering a strong sense of community and engagement.

  2. Established Game Product: League of Kingdoms has a proven track record as a popular blockchain game, with over 80,000 daily users from more than 210 countries, indicating a strong user base and market presence.

  3. Tokenomics and Allocation: The token's allocation is well-structured, with a clear distribution plan across various categories, including private sales, team, staking rewards, and ecosystem development, ensuring a balanced and sustainable token economy.

These strengths collectively contribute to the token's value and potential for growth within the gaming and blockchain space.

League of Kingdoms's risks

League of Kingdoms Arena (LOKA) is a high-risk investment. Trading involves risk, which may result in the loss of capital. It is crucial to understand that investing in LOKA carries significant financial risks, and investors should be prepared to potentially lose all their invested money.

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Did League of Kingdoms raise funds?

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League of Kingdoms’s team

  • Han Yoo: Chief Operating Officer (COO) of League of Kingdoms.
  • Chan Lee: Co-founder of League of Kingdoms.
  • Steve Lee: Team member involved in promoting the LOKA token launch.
  • Simon Kim: CEO of Hashed, an early backer of League of Kingdoms.

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