Key highlights:
- League of Kingdoms is a free to play MMO strategy game that combines play-to-earn mechanics and tokenized NFTs to give players full ownership over their in-game items
- The League of Kingdoms team intends to raise $4 million in the sale of 25 million LOKA tokens in the upcoming Binance IEO
- Binance will begin taking snapshots of user BNB balances on January 12
- BNB has surged over 7% following the announcement of the new Launchpad project
Binance, the world’s most popular digital trading platform, has announced a new Launchpad project. Binance users will be able to participate in the League of Kingdoms (LOKA) initial exchange offering (IEO) with their Binance Coin (BNB) funds. 25 million LOKA tokens are allocated for the IEO at a sale price of 0.16 USD per token.
League of Kingdoms (LOKA) continues the trend of gaming and NFT projects being featured on Binance’s Launchpad and Launchpool platforms
League of Kingdoms is a free-to-play MMO real-time strategy game that combines the elements of empire building with play-to-earn (P2E) mechanics. The game’s native governance and utility token LOKA will be used as in-game currency and as a method for the community to vote on the direction of the project’s development.
Players will be able to earn LOKA by completing missions and by participating in player versus player (PvE) battles, while also having a chance to earn rare digital collectibles in the form of rare NFT skins and other inventory items. On top of that, in-game resources can be farmed and tokenized into NFTs in order to facilitate the trading of digital assets among players.
League of Kingdoms on Binance Launchpad – How to Invest in LOKA IEO?
Binance has recently been featuring a rising number of GameFi and non-fungible token (NFT) projects in its Launchpool and Launchpad platforms – Voxies (VOXEL), Highstreet (HIGH), and Merit Circle (MC) are examples of the growing trend. Broadly speaking, the blockchain gaming and metaverse sectors have been arguably the best performing crypto sectors of the last couple of months, at least in terms of returns.
The League of Kingdoms team has allocated 5% of the total LOKA supply of 500 million tokens for the IEO, and is aiming to raise $4 million via the public sale. Binance has set a hard cap per user amount to 93,750 LOKA ($15,000) to give every user a fair chance at obtaining the new token.
Binance will commence the preparation period on January 12 at 00:00 AM UTC. During the 8-day period, Binance will take hourly snapshots of user BNB balances to determine the maximum amount of BNB a user can commit during the subscription period that commences on January 20 at 06:00 AM UTC. The LOKA token distribution will commence on the same day at 10:00 AM UTC, once the hour-long calculation period ends.
Launchpad projects have historically performed incredibly well and have, over time, proven to be one of the most lucrative opportunities for Binance users. Here are the returns of the last five projects featured on Launchpad and Launhpool platforms:
| Launchpad Project | ROI (expressed in USD) |
| Voxies | 11.5x |
| FC Porto | 3.4x |
| Lazio Fan Token | 4.3x |
| Beta Finance | 7.4x |
| Coin98 | 30.7x |
