Binance has added LOKA tokens to its platform. What about GLMR?


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Binance has added LOKA tokens to its platform. What about GLMR?

Binance announced it would add LOKA tokens on their launchpad. League of Kingdoms will be the exchange’s 26th project. According to the exchange, the token sale for LOKA will follow the Launchpad subscription format. The total supply of tokens is 500,000,000. However, only 25,000,000 LOKA (5%) are offered for sale on the BSC platform. The token price during public sale is $ 0.16 per LOKA.

League of Kingdoms is the world’s first 4x MMO strategy game. It’s also one of the fastest growing blockchain MMO games out there. The team decided to run the game on the blockchain network. Additionally, its NFT ecosystem includes exciting in-game assets and features, such as its iconic land, NFT. The company stores the land NFTs on the blockchain network. The latter represents the ground on which the world of League of Kingdoms stands.

Players will be able to own these lands and collect resources on the lands and coin them for trading in NFTs. The platform ensures that transactions of all of these tokenized assets are transparent and trustworthy. Users will sell their NFTs on the blockchain with no middlemen.

While this is a good opportunity to make some cash, the game itself is also interesting. It offers different game modes, from MMO to PvE. In the future, the team plans to add more game modes, events, campaigns, quests and competitions to the game universe.

What makes this game so special?

The platform is already experiencing explosive growth despite being relatively new to the market. Thousands of players enjoy League of Kingdoms play around the world every day. The network showed impressive daily active user growth. The number reached 80,000 in December 2021, up from 4,000 in July 2021. With the latest data, players from more than 210 countries play this game on a daily basis. More than 300,000 people have downloaded League of Kingdoms on Android or iOS. However, PC mode does not require downloading and the majority choose it to play with.

In addition, League of Kingdoms shows excellent metrics. It offers a 7 day retention rate of 35%, although it is completely free to play. Approximately 6% of daily active users pay for in-game content. Currently, the Average Purchase Amount (ARPU) is around $ 7 while the Average Revenue Per Paid User (ARPPU) is $ 122.5.

League of Kingdoms is a fun game to play, but that doesn’t just define its appeal. The rapid rise of the digital economy and the blockchain play-to-earn revolution have given it the character of an economic platform and social network. It has a strong community that spans both the digital and the real world.

The team believes that the way gamers relate their gaming experience to their real life will expand gamers’ possibilities in the digital realm. This also further blurs the lines between online and physical life. And League of Kingdoms wants to be part of that process.

This full featured MMO strategy game allows players to enjoy multi (PvP), single (PvE) or party play (MMO). Thanks to its expansive and abundant game modes, events, and content, this game will appeal not only to crypto enthusiasts but also to mainstream gamers.

Which phases will the player go through?

Players must first build kingdoms. They can then join alliances and work to strengthen their kingdom and troops. There’s an intra-continental guild war to participate in and shrines to be conquered. Users can also compete for Congress, to become a King, or to compete for the CvC championship. LOKA token holders can use their coins to get various benefits.

According to the team, this cycle often lasts more than six months. In the future, the company will add more game modes and content. The game already contains extensive content and specifications, as well as extensive modes.

Binance has added LOKA tokens to its platform.  What about GLMR?

What about the mica token (GLMR)?

GLMR is a coin with strong potential, similar to the LOKA token. It’s not surprising that Binance decided to list it. The exchange recently announced that it will open trading for the GLMR / BUSD, GLMR / BTC and GLMR / USDT trading pairs on January 11, 2022.

However, Moonbeam is the platform behind this token. This EVM-compatible and substrate-based blockchain works as a polkadot parachain. The team developed GLMR as a utility and governance token for their network. As a result, users who own these coins can participate in governance, earn rewards by providing liquidity, pay transaction fees and stakes.

Moonbeam is a decentralized smart contract platform; Hence, the mica token is required to function. In fact, this token is vital to this network. The team cannot remove it without sacrificing essential functionality.

Mica token holders can support gas metering in the execution of smart contracts. Facilitating the governance mechanism in the chain, including the election of council members, proposing referenda, voting, etc .; and pay transaction fees on the network. The company plans to promote collators. Thanks to this token, the mechanics can also create a decentralized node infrastructure.

What about the fee model and inflation?

According to the Moonbeam team, the company is targeting an annual inflation rate of 5%. It also has an unlimited pool of tokens. The purpose of inflation is to meet the ongoing security needs of the network.

The network aims to use the primary security budget items and thereby pay for a parachain slot. The team will also encourage collators to provide collation services while helping the Moonbeam network. Additionally, 1.5% of the inflation will go into the reserve for parachain bonds, while 1% will go into incentives for collators. The latter will help raise funds on-chain and pay for a perpetual parachain slot. On the flip side, users who deploy their GLMR tokens and support the collator selection process will get the remaining 2.5%.

The company will treat fees related to transactions and the execution of smart contracts on Moonbeam in two ways. It will burn off 80% of the fees spent. This will act as a deflationary force and add value to existing token holders due to the increased usage of the network. In the meantime, the treasury in the chain receives 20% of the fees issued. The team will assign them through the on-chain governance to projects and initiatives that drive adoption and engagement in the network.

Swiss Post has added Binance LOKA tokens to its platform. What about GLMR? first appeared on FinanceBrokerage.

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