Welcome to bulliscoming media, Binance exchange recently announce the 26th project on Binance Launchpad – League of Kingdoms (LOKA). The token sale for League of Kingdoms will follow the Launchpad subscription format, with the recording of user BNB balances starting at 2022-01-12, 00:00 AM (UTC).
Binance will record user BNB balances for 8 days from 2022-01-12 00:00 AM (UTC) to 2022-01-20 00:00 AM (UTC). The final BNB holding amount for each user will be determined as the average of the 8 days, using the Daily Average BNB Balance calculation.
LOKA Token Sale Details:
Let’s look into the League of Kingdom launchpad on Binance exchange.
- Token Name: League of Kingdoms (LOKA)
- Launchpad Hard Cap: 4,000,000 USD
- Hard Cap Per User: 15,000 USD (93,750 LOKA)
- Total Token Supply: 500,000,000 LOKA
- Total Tokens Allocated to Binance Launchpad: 25,000,000 LOKA (5% of Total Token Supply)
- Public Sale Token Price: 1 LOKA = 0.16 USD (price in BNB will be determined prior to subscription)
- Token Sale Format: Subscription
- Supported Sessions: BNB only
- Subscription Timeline:
- Preparation Period 2022-01-12 00:00 AM (UTC) to 2022-01-20 00:00 AM (UTC): During this period, user BNB balances will be calculated in hourly snapshots for each day over a 8-day period. Your final average daily BNB balance over these 8 days will determine the maximum amount of BNB that you can commit later on.
- Subscription Period 2022-01-20 06:00 AM (UTC) to 2022-01-20 09:00 AM (UTC): Subscription will open at this time for all eligible users for a 3-hour period. Users must also sign the Token Purchase Agreement at the same time, prior to committing their BNB.
Users should note that once committed, your BNB will be locked and you will not be able to redeem or access any other functions such as transfers, withdrawals or trading until final token distribution.
- Calculation Period: 2022-01-20 09:00 AM (UTC) to 2022-01-20 10:00 AM (UTC): Subscription closes and token allocation calculation begins.
- Final Token Distribution: 2022-01-20 10:00 AM (UTC): Your final token allocation will be calculated and the corresponding BNB will be deducted from your already-locked BNB amount. Once deducted, your LOKA and BNB tokens will both be transferred to your spot wallet.
League Of Kingdom Overview
Since the end goal of partaking in Binance launchpad is to make a profit, it is crucial to know in-depth details of the League Of Kingdom before participating in the launchpad.
Let’s look at the overview and uses case of League of Kingdom and also the tokenomics.
What is the League of Kingdoms (LOKA)?
- League of Kingdoms is one of the world’s first blockchain MMO strategy games. Gamers build kingdoms, farm resources, fight monsters (PvE), and compete with enemy kingdoms (PvP) or alliances (MMO) where all the land plots are non-fungible tokens (NFT) along with tokenizable resources, skins, and many other game assets. Currently, the free-to-play strategy game is available on mobile (Android, iOS), as well as on the PC.
- The project team aims to build a game universe where gamers can have fun together while capitalizing on their digital assets, skills, and play-time.
- The project offers entertaining game content that appeals to not just crypto enthusiasts but also mainstream gamers.
Project Key Highlights
- Engaging MMO experience: League of Kingdoms currently has 15,000 concurrent players, 80,000 daily active players, and 400,000 monthly active players. Through intercontinental battles and various other competitions, gamers can enjoy an engaging global MMO experience.
- Diverse game modes: Gamers can enjoy everything from single-player campaigns, PvE, and PvP in one place without leaving the game universe.
- Perfect game design for DAO: From Day 1, gamers will immerse into a world with an elaborate combination of social, economic, game-theoretic, and political elements. Governance plays a pivotal role in establishing the order which makes it the perfect environment for Decentralized Autonomous Organization (DAO).
- World Class Development team: The development team is made of experienced game developers, designers, artists, and operators from industry-leading AAA game studios and innovative technology companies.
Existing Products
The League of Kingdom Arena platform consists of multi-faceted game modes, including various single play, PvE, PvP, and MMO modes, which together provide an immersive entertainment experience with mainstream appeal. Additionally, by leveraging blockchain NFT technology, the game enables player ownership of game assets and properties, which help players to capitalize on their investment and time.
- PvE mode: Farm & Hunt: Gamers can march their troops to hunt various monsters inhabiting the continent and resource farms to gather valuable resources including food, lumber, stone, gold, and rare crystals. In the future, diverse monster battles will be introduced including “trial of agony”, the monster invasion mode.
- PvP mode: Explore, Expand, Exploit, Exterminate: Gamers can battle with other gamers to protect their resources and territories. During the battle, users can leverage their treasure items to boost their troops and cast debuff skills against enemy castles. In the future, more PvP content will be introduced to enrich the PvP game experience.
- MMO mode: Alliance warfares: Gamers can team up with other players to fight in alliance battles. There are various alliance-based competitions including Siege of Shrines, CvC (Continent to Continent), and more coming soon.
- NFT & P2E economy: All the Lands in the game are non-fungible tokens (NFT) that can be owned and developed by users. The landowners can develop their lands by inviting more users to farm resources, spend crystals, and be more active in the zones. Landowners may acquire resources, rewards, and many other opportunities in the future. League of Kingdom’s resources can be tokenized and traded across blockchain, and they are one of the most frequently traded NFT assets on Polygon.
The game’s treasury currently owns 94% of the total issued Land NFTs. All the proceeds from the future Land sale will be captured by the community vault which will potentially be controlled by the LOKA holders.
- Market tested game product: Since launching in July 2020, League of Kingdom has become one of the most played blockchain games. The game is played daily by more than 80,000+ users globally from more than 210 countries. The game’s 7-days retention rate is well above 30% which is almost 4 times higher than peers in its benchmark (hardcore games).
4. Token sales and economics
4.1 Token sales data
| Token Name | LOKA |
|---|---|
| Token Type | ERC-20 |
| 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%) |
4.2 Token allocation
| Token Name | LOKA |
|---|---|
| Private Sale | 6.20% of the total token supply |
| Binance Launchpad Sale | 5.00% of the total token supply |
| Team | 20.00% of the total token supply |
| Staking Rewards | 20.00% of the total token supply |
| Game Rewards | 13.00% of the total token supply |
| Land Rewards | 5.00% of the total token supply |
| Advisors | 2.00% of the total token supply |
| Reserve | 9.80% of the total token supply |
| Ecosystem | 19.00% of the total token supply |
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