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Investing In League of Kingdoms Arena (LOKA) – Everything You Need to Know

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League of Kingdoms Arena (LOKA) continues to gain national attention from gamers and crypto users alike. The League of Kingdoms Arena is a Play-to-Earn add-on that officially launched on May 30, 2022. Specifically, the upgrade introduces NFT technology into the metaverse.

League of Kingdoms Arena has grown significantly in terms of users since its introduction. Currently, the platform entertains a global audience located all over the world. There are +150,000 daily active users according to company documentation. Additionally, the firm boasts +800,000 monthly active users. Here's everything you need to know about the League of Kingdoms Arena.

League of Kingdoms Arena (LOK) - Twitter

League of Kingdoms Arena (LOKA) – Twitter

What Problems Does League of Kingdoms Arena (LOKA) Attempt to Fix?

League of Kingdoms Arena seeks to reduce a couple of crucial problems in the market. The protocol starts by attempting to improve the gaming experience for everyone. The developers began this process by designing the network to be easy enough that non-crypto users could secure returns. As part of this approach, the developers have decided to gradually introduce the play-to-earn (P2E) features over the coming months starting with NFT support.

Real Ownership

NFTs (non-fungible tokens) provide relief for some of gaming’s oldest problems. For one, it used to be that gamers could only hope to secure some props for their efforts. Nowadays, the P2E environment enables users to secure real returns. The introduction of NFTs has made it possible for in-game assets to be removed from the ecosystem and used in other environments or traded.

Lackluster Titles

Another issue that League of Kingdoms Arena wanted to reduce was lackluster gaming titles. The vast majority of P2E gaming titles are simple collectible games. This selection was cool when the market began but today’s gamers expect more from their titles. League of Kingdoms Arena introduces deep game mechanics that keep gamers engaged.

Benefits of League of Kingdoms Arena (LOKA)

There are a lot of benefits that the League of Kingdoms Arena brings to the market. For one, it’s free to play, which makes it ideal for anyone seeking some entertainment. The MMO game enables you to communicate and interact with people from across the planet. The fun is limitless when you immerse yourself in the interactive 3d world.

League of Kingdoms Arena (LOK) - Gameplay -Homepage

League of Kingdoms Arena (LOKA) – Gameplay -Homepage

Transparency

The use of blockchain technology has improved the overall transparency of the gaming ecosystem. Blockchain assets, unlike original gaming assets, can be easily monitored and verified using a simple free blockchain explorer. As such, these assets provide users with much more transparency that their predecessors.

Drive Adoption

Another major bonus to the League of Kingdoms Arena approach is its fun. Fun-filled titles like this help to drive a new wave of adoption. The GameFi has analysts excited as they see this arena as one of the best places for blockchain to really gain a foothold over a short period of time. League of Kingdoms Arena continues to pioneer this market.

How Does League of Kingdoms Arena (LOKA) Work?

League of Kingdoms Arena combines adventure, an in-game economy, cryptocurrencies, and more. The protocol enables users to build up their kingdom and army. Once you have built up your fighting resources, you are ready to forge alliances and compete against others. You can use your negotiation skills and fighting prowess to create more trading opportunities.

Drago NFTs

League of Kingdoms Arena utilizes a variety of NFT assets to make an immersive gaming experience. One of the network’s main tokens is the Drago NFTs. These collectibles are needed to improve your battling skills. These creatures are unique in that there was only an initial release. All new Drago NFTs have been bred in a manner similar to Cryptokitties.

LANDs

LANDs NFTs are another crucial component of the metaverse. Users can purchase LAND NFTs to signify ownership over digital real estate. Just like in the real world, users gain control over the land and its resources which can be used to create future wealth. Notably, players can own and trade their land freely.

Investing in League of Kingdoms Arena (LOK) - Everything You Need to Know

Investing in League of Kingdoms Arena (LOKA) – Everything You Need to Know

Token

The main utility token for the protocol is ‘LOKA'. This advanced cryptocurrency can be sent globally and used to pay for services on the network. It’s the primary currency for the League of Kingdoms Arena community. It can be used for both in-game and out-of-game purchases and to pay fees. Gamers can buy items such as packages, skins, and goods using LOKA.

LOKA can be earned through in-game activities and participation. You earn LOKA when you compete and win against others as well. You need to hold LOKA to create, upgrade, and acquire special NFT assets in the game.

Governance

The League of Kingdoms Arena leverages a DAO (decentralized autonomous organization) to conduct management. This system provides regular users with the ability to influence future activities and upgrades to the platform. Notably, users need to hold LOKA to propose and vote. These votes can cover a wide gambit of items including alterations to features, policies, content, and parameters of the game.

History

League of Kingdoms Arena officially launched in 2020 as an MMO. The network quickly realized that the introduction of blockchain assets could improve the gaming experience significantly. The protocol raised $3 million from a host of well-known crypto investors, including Hashed, a16z, Sequoia India, and Binance Labs to make the concept a reality. Today, League of Kingdoms Arena seeks to position itself as the premier P2E title in the market.

How to Buy League of Kingdoms Arena (LOKA)

Currently, League of Kingdoms Arena (LOKA) is available for purchase on the following exchanges.

Uphold – This is one of the top exchanges for USA & UK residents that offers a wide range of cryptocurrencies. Germany & Netherlands are prohibited.

Uphold Disclaimer: Terms Apply. Cryptoassets are highly volatile. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong..

KuCoin – This exchange currently offers cryptocurrency trading of over 300 other popular tokens.  It is often the first to offer buying opportunities for new tokens.  USA Residents are Prohibited.

Binance – Accepts Australia, Singapore, and most of the world. Canadian & USA residents are prohibited. Use Discount Code: EE59L0QP for 10% cashback on all trading fees. League of Kingdoms Arena – From Fun to Funds

The League of Kingdoms Arena got the memo, players want to secure profits. The P2E revolution is in full swing with titles like League of Kingdoms Arena pushing the boundaries in terms of complexity and quality. You can expect other titles to make the jump to P2E as the benefits are too great to ignore moving forward.

David Hamilton is a full-time journalist and a long-time bitcoinist. He specializes in writing articles on the blockchain. His articles have been published in multiple bitcoin publications including Bitcoinlightning.com