- League of Kingdoms Arena officially announced the imminent launch of their token — LOKA.
- LOKA token will fuel the growth of the network and its over 400k community participants
The crypto world continues to blow its community with its technology that never stops developing. This time, League of Kingdoms Arena, the first true MMO blockchain game launched in 2020 officially announced the imminent launch of their token — LOKA. This digital asset is set to be released to the public on January 20, 2022.
The LOKA token will fuel the growth of the network and its community participants that consist of over 400k strong active users. In addition, it will also enable governing rights and additional utility to the League of Kingdoms organization.
Best of all, LOKA can be staked, a feature that enables its investors to receive a portion of the platform’s fees and other use cases such as exclusive access to special NFTs.
Chan Lee, Co-Founder of League of Kingdoms said,
This has been truly a long-time coming for us, working on LoK when nobody believed in the promise of blockchain games and play-to-earn. Now, with our friends from Axie Infinity breaking the floodgates open, we’re ready to show the wider P2E community what we’ve been working on.
Meanwhile, League of Kingdoms Arena is a free-to-play MMO game with intuitive yet complex game mechanics built with the average non-crypto user in mind. The game also has NFTs that are very simple to use. This feature of the network enables them to attract more participants, such as hardcore crypto and traditional gamers.
Moreover, the launch of the LOKA token will also help build a strong network of guilds and communities to attract organic play-to-earn veterans.
In terms of its technology, League of Kingdoms Arena plans to evolve its platform to a full game metaverse. These will include the launch of PvP arena, expansion of P2E, commerce platforms such as an NFT bazaar, esports integration and many other updates to make use of GameFi possibilities.
On the other hand, League of Kingdoms has been released since early 2020, posting tremendous growth metrics throughout the two years. It has raised $3M from a host of well-known investors such as Hashed, a16z, Sequoia India, Binance Labs, and many angels from the GameFi sectors including Gabby Dizon of YGG, Aleks & Jiho of Sky Mavis (Axie Infinity), and Sebastien Borget of The Sandbox Games.