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COINTURK NEWS > Altcoin News > What is League of Kingdoms Arena Coin?
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What is League of Kingdoms Arena Coin?

In Brief

  • 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 activities.

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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 activities.

Contents
What is League of Kingdoms Arena (LOKA)?How to Buy LOKA Coin?

What is League of Kingdoms Arena (LOKA)?

During the game, users can build kingdoms, create armies, form alliances, and compete on battlefields for power and wealth. The game supports player versus environment (PvE), player versus player (PvP), and party game (MMO) modes.

LOKA, the governance token of League of Kingdoms, allows holders to participate in the decision-making process on the platform, purchase in-game items, and earn profits through staking. The project’s utility token, DST (Dragon Soul Token), is necessary for breeding dragon-like in-game characters called Drago.

Drago accompanies kingdoms and can participate in various game activities. Represented as ERC-721 NFTs on the platform, they will form a foundation for further developing the project’s play-to-earn economy. Owning a Drago is a prerequisite for players to earn DST. Both LOKA and DST are required to breed Drago. DST will also be used to develop, upgrade, and unlock various in-game utilities.

All land parcels in the game are represented as ERC-721 non-fungible tokens (NFTs). Ownership of tokenized digital real estate offers players the opportunity to gather and monetize resources, earn dividends from renting lands, and share in the project’s revenue.

As a sophisticated socio-economic ecosystem, League of Kingdoms requires well-thought-out governance to ensure long-term sustainable prosperity. The platform plans to gradually decentralize into a DAO to guarantee fair distribution of control and value within the community. Although the game is centrally controlled in its initial development stages, it aims to achieve full community-led governance as the decision-making infrastructure on the platform develops.

Chan Lee is the CEO and co-founder of NOD Games, the blockchain-based game development company that created League of Kingdoms (LOKA). Chan Lee holds a degree in Computer Science from Pohang University of Science and Technology, one of South Korea’s top higher education institutions. Previously, Chan Lee worked as a product designer for Samsung Electronics, served as a board member at fintech company DAYLI Financial Group, and co-founded NEXTMATCH, a dating app service provider in South Korea.

How to Buy LOKA Coin?

LOKA Coin can be quickly and securely purchased through Binance, the world’s largest cryptocurrency trading platform by trading volume.

To buy LOKA Coin, you first need to become a member of Binance and then send fiat currency. After sending a fiat currency such as US Dollar, you can buy LOKA Coin in the LOKA trading pair by purchasing BUSD, Bitcoin (BTC), Binance Coin (BNB), or Tether (USDT) with which LOKA is traded.

Additionally, users can place purchase orders at a lower value than the market value on Binance. Simply use the Limit tab, enter the amount you want to buy, and the price you want to buy it at.

You can follow our news on Telegram, Facebook & Coinmarketcap & X
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 31 July, 2024 - 9:00 pm 31 July, 2024 - 9:00 pm
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