League of Ancients

Purpose and Utility

League of Ancients (LOA) is the native token of a free-to-play multiplayer online battle arena (MOBA) game based on blockchain technology. The token is designed to serve as the in-game currency and governance token within the game's ecosystem.

Business Model Analysis

The game aims to provide a competitive gaming platform where players can earn rewards through gameplay and tournaments. The business model includes NFT hero characters, in-game items, and cosmetic upgrades that can be purchased with LOA tokens.

Development and Platform Activity

The project has shown limited development activity in recent months. The game is still in development phase, with a beta version previously announced but current status unclear.

Token Distribution and Governance

The token distribution includes allocations for the team, development, marketing, and community rewards. Specific details about vesting schedules and current token distribution are not readily available in public sources.

Current Usage

The primary current use of LOA appears to be trading on cryptocurrency exchanges. The promised gaming platform is not yet fully operational, limiting the token's utility to its intended purpose.

Technology and Revenue Model

The platform does not involve lending or interest-based mechanisms. The revenue model is based on gaming activities and NFT transactions, which are permissible from an Islamic finance perspective.