The world’s first blockchain Massively Multiplayer Online Real-time Strategy (MMORTS) game, League of Kingdoms Arena (LOKA), has begun preparations for its token sale on Binance Launchpad.
The Non-fungible Token (NFT) and GameFi protocol, according to Binance’s statement on January 11th, become the 26th project on the Binance Launchpad. Furthermore, the token sale/Initial DEX Offering (IDO) will be conducted under the Binance Launchpad Subscription model.
“Binance is pleased to announce the launch of League of Kingdoms, the 26th project on the Binance Launchpad” (LOKA). “The League of Kingdoms token sale will follow the Launchpad subscription model, with user BNB balances being recorded beginning at 2022-01-12 00:00 AM (UTC),” according to Binance.
The recording of users’ BNB balances has begun and will last for eight days, starting at 00:00 UTC on January 12th and ending on January 20th at 00:00 UTC. Using the Daily Average BNB Balance computation method, Binance Launchpad will compute each user’s ultimate BNB holding amount as an 8-day average.
LOKA Token Sale Details
Token Ticker: League of Kingdoms (LOKA)
Launchpad Hard Cap: $4,000,000
Hard Cap Per User: $15,000 ~ 93,750 LOKA
Total Supply: 500,000,000 LOKA
Launchpad Token Supply: 25,000,000 LOKA
Public Sale Price: 1 LOKA = $0.16 (BNB Price will be determined before subscription)
Format: Launchpad Subscription Format
Supported Tokens: BNB
How to Participate?
- Users must hold BNB for eight days, as previously mentioned. The preparatory phase is eight days (from January 12th at 00:00 UTC to January 20th at 00:00 UTC): Users’ Binance BNB holdings will be computed in hourly snapshots every day for an 8-day period during this time.
- The maximum BNB users can commit to the token sale event will be determined by their final daily BNB balance over the course of eight days.
- Following the preparatory phase, the subscription period will open for three hours to all eligible customers (January 20th at 6:00 AM UTC – January 20th at 9:00 AM UTC).
- Before pledging their BNB, users must sign the Token Purchase Agreement.
- BNB committed will be locked once committed, and access to other operations including as transfers, withdrawals, and trading will be forbidden until the final token distribution.
- The computation period (from January 20th at 9:00 AM UTC to January 20th at 10:00 AM UTC) is as follows: The subscription period comes to a conclusion, and the token allocation process starts.
- Finally, on January 20th at 10:00 AM UTC, the last token distribution will be place: The final token allotment for each user will be determined, and the associated BNB will be deducted from the locked BNB amount.
The $LOKA and $BNB tokens of the protocol will then be transferred to the users’ Spot wallets.
What is League of Kingdoms?
League of Kingdoms is a massively multiplayer online strategy game in which players compete for dominion. Through the platform’s NFT technology, players may completely own and exchange digital assets. Through transparent voting and the congress system, players may also engage in game governance.
To learn more about League of Kingdoms, check out the following links: