Before trading any crypto asset, it is important to understand the risks. This overview summarizes certain risks associated with this asset. No securities regulatory authority has issued an opinion regarding this asset, including an opinion that it is not itself a security and/or derivative.
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About LOKA
League of Kingdoms Arena is an MMO (Massively Multiplayer Online) strategy game developed by NOD Games. The game launched in 2020, and its native token, LOKA, was first sold publicly in January 2022.
The game was developed to appeal to mainstream gamers as well as the crypto community, since it offers both a wide variety of in-game content, as well as a more crypto-focussed Play-to-Earn model.
The game supports a rich NFT ecosystem - all ownership of land is tokenized. Users can monetize their plots of digital property by farming the land, or renting it out to other players.
Due to the game’s complex economic ecosystem, robust governance procedures have been put in place to ensure a fair distribution of tokens.
League of Kingdoms Arena - in their own words
The project describes itself as ‘the world’s first blockchain MMORTS game’, which stands for Massively Multiplayer Online Real-Time Strategy game.
LOKA token utility?
LOKA is used for governance, in-game purchases and payments, and in-game rewards.
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