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What Is League of Kingdoms (LOKA)?
League of Kingdoms (LOKA) is a blockchain-based Massively Multiplayer Online (MMO) strategy game. As a play-to-earn ecosystem League of Kingdoms allows players to earn real income through in-game activity.
During gameplay users can build kingdoms, raise armies, form alliances and compete on the battlefields for power and wealth. The game supports player-versus-environment (PvE), player-versus-player (PvP) and party-play (MMO) gaming modes.
While the League of Kingdomss governance token LOKA allows holders to take part in the decision-making process on the platform, purchase in-game items and profit through staking, the projects utility token called DST (Dragon Soul Token) is necessary for breeding Dragos, the dragon-like in-game characters.
LOKA token went live in January 2022. According to the official whitepaper the game was launched in July 2021. In 2022 the platform plans to release a proprietary NFT marketplace, a PvP arena and a land reward hub among other new features.
Who Are the Founders of League of Kingdoms?
Chan Lee is the chief executive officer (CEO) and co-founder of NOD Games — a blockchain-based game development company that created League of Kingdoms (LOKA). Chan Lee has a degree in Computer Science from Pohang University of Science and Technology — one of the best higher educational institutions in South Korea. Chan Lee formerly worked as a product designer for Samsung Electronics, held a position of an executive board member at DAYLI financial group — a fintech company, and co-founded NEXTMATCH — the number one dating app service provider in South Korea.
NOD Gamess chief technology officer (CTO) and co-founder Steve Hwang is an experienced programmer and game developer. He was previously a member of the founding team at Gamevil — a mobile game publisher based in Seoul, Republic of Korea and a software engineer at Electronic Arts — a well-known video game company.
What Makes League of Kingdoms Unique?
League of Kingdoms (LOKA) appeals to both crypto enthusiasts and mainstream gamers as it offers a wide variety of in-game content and gameplay modes along with play-to-earn economy. As mentioned in the official whitepaper, the project positions itself as the first 4x (Explore, Expand, Exploit, Exterminate) MMO game built on blockchain.
All the pieces of land in the game are represented as ERC-721 non-fungible tokens (NFTs). The ownership of the tokenized digital real estate provides gamers with an opportunity to farm and monetize resources, acquire dividends from renting out the plots and receive a share of the projects revenue.
As a sophisticated socio-economical ecosystem League of Kingdoms requires well-thought-out governance to ensure long-term sustainable prosperity. The platform plans to gradually decentralize to DAO to guarantee fair distribution of control and value in the community. Despite being centrally controlled at the early stages of development the game intends to achieve full community-led governance with the advancement of the decision-making process infrastructure on the platform.
Dragos serve as companions to kingdoms and can participate in a variety of gameplay activities. Presented as ERC-721 NFTs on the platform, they will become a foundation for the projects play-to-earn economy further enhancement. Owning a Drago is a prerequisite for players to be able to earn DST. Both LOKA and DST are required to breed a Drago. DST will also be used to enhance, upgrade, and unlock various in-game utilities.
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How Many LOKA Coins Are There in Circulation?
The total token supply of tokens is 500,000,000 LOKA, and the current circulating supply is set at 46,243,000 LOKA. According to the official sources tokens will be allocated the following way:
- 20% of the total supply is in possession of the team
- 19% is set aside to fund ecosystems further growth
- 10% is in companys reserve
- 6% went towards the private sale
- 5% is distributed through the public sale
- 13% is dedicated to reward skill and tactics of the gamers (game issuance)
- 5% is allocated for Landowner rewards (Land issuance)
- 20% reserved for stacking rewards
- 2% given to advisors
How Is the League of Kingdoms Network Secured?
LOKA (League of Kingdoms) is an ERC-20 standard token based on the Ethereum blockchain with a layer 2 solution on the Polygon/Matic network. Polygon/Matic provides cheaper gas fees and increased scalability for the Ethereum transactions.
When Will LOKA Trading Begin?
LOKA (League of Kingdoms) first became available for purchase in January 2022.
Can LOKA Hit $10?
As of March 2022 LOKA (League of Kingdoms) is trading at around $1.76. The game is currently played in over 210 countries around the globe and its daily active player count has increased from 4000 in July 2021 to 150,000 in March 2022. Considering the current pace of development and the amount of attention already received from fans and media, League of Kingdoms governance token has a fair chance of further price increase.
Where Can You Buy LOKA?
LOKA (League of Kingdoms) is currently available for purchase on the following exchanges: Binance, Gate.io, Poloniex, Tokocrypto, Mandala Exchange, Bitrue, BTCEX, XT.COM, Hoo, Hotbit, TOKENCAN, Hotcoin Global, CoinEx, Uniswap V2, and many more.
Cryptocurrency newbie? You can read more about how to enter the market and how to buy LOKA or any other token in BYDFi education portal — Alexandria.
Answers
What Is League of Kingdoms (LOKA)?
League of Kingdoms (LOKA) is a blockchain-based Massively Multiplayer Online (MMO) strategy game that allows players to earn real income through in-game activity. Users can build kingdoms, raise armies, form alliances, and compete for power and wealth. LOKA token allows holders to take part in the platform's decision-making process, purchase in-game items, and profit through staking. The project's utility token called DST is necessary for breeding Dragos, the dragon-like in-game characters. The game plans to release new features in 2022, including a proprietary NFT marketplace, a PvP arena, and a land reward hub.
Who Are the Founders of League of Kingdoms?
Chan Lee is the CEO and co-founder of NOD Games, the blockchain-based game development company behind League of Kingdoms. He has a degree in Computer Science and previously worked for Samsung Electronics and DAYLI financial group. Steve Hwang, the CTO and co-founder of NOD Games, is an experienced programmer and game developer who previously worked for Gamevil and Electronic Arts.
What Makes League of Kingdoms Unique?
League of Kingdoms appeals to both crypto enthusiasts and mainstream gamers by offering a wide variety of in-game content and gameplay modes, along with a play-to-earn economy. The game positions itself as the first 4x MMO game built on blockchain. All the land in the game is represented as ERC-721 non-fungible tokens (NFTs), allowing players to farm and monetize resources, acquire dividends from renting out plots, and receive a share of the project's revenue. The platform plans to gradually decentralize to ensure fair distribution of control and value in the community. Dragos serve as companions to kingdoms and play a vital role in the play-to-earn economy.
How Many LOKA Coins Are There in Circulation?
The total token supply of LOKA is 500,000,000, with a current circulating supply of 46,243,000. The allocation of tokens is as follows: 20% for the team, 19% for ecosystem growth, 10% in company reserves, 6% for private sale, 5% for public sale, 13% for game issuance, 5% for Landowner rewards, 20% for staking rewards, and 2% for advisors.
How Is the League of Kingdoms Network Secured?
LOKA is an ERC-20 token based on the Ethereum blockchain with a layer 2 solution on the Polygon/Matic network. Polygon/Matic provides cheaper gas fees and increased scalability for Ethereum transactions.
When Will LOKA Trading Begin?
LOKA first became available for purchase in January 2022.
Can LOKA Hit $10?
As of March 2022, LOKA is trading at around $1.76. With its growing player count and attention from fans and media, there is a fair chance of further price increase.
Where Can You Buy LOKA?
LOKA is currently available for purchase on exchanges such as Binance, Gate.io, Poloniex, Tokocrypto, Mandala Exchange, Bitrue, BTCEX, XT.COM, Hoo, Hotbit, TOKENCAN, Hotcoin Global, CoinEx, Uniswap V2, and more.
For beginners, BYDFi's education portal — Alexandria — provides information on how to enter the market and buy LOKA or any other token.
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