League of Kingdoms Arena
Crypto Overview
Project Overview
League of Kingdoms Arena (LOKA) is the governance token for League of Kingdoms, a multiplayer online strategy game built on blockchain technology. The game allows players to build kingdoms, form alliances, and engage in strategic battles while having true ownership of their in-game assets through NFTs.
Intended Utility
LOKA token serves multiple purposes within the ecosystem: governance rights for game development decisions, staking rewards for landowners, in-game purchases, and ecosystem participation rewards. Players can earn LOKA through gameplay achievements and contributing to the game's development.
Actual Utility Assessment
The token demonstrates active usage within its intended purposes, with verifiable on-chain data showing regular transactions for governance voting, staking, and in-game activities. The game has maintained consistent development activity and regular updates since its launch.
Token Distribution Analysis
Initial token distribution allocated 40% to ecosystem rewards, 25% to the team and advisors (with a 2-year vesting period), 15% to private sale participants, 10% to public sale, and 10% to the foundation reserve. The vesting schedule appears designed to prevent immediate dumps and encourage long-term development.
Development vs Marketing
The project maintains a balanced approach between development and marketing efforts. Regular technical updates, feature releases, and ecosystem expansions demonstrate substantial investment in actual development rather than pure marketing hype.
Crypto Impact
To assign a comfort level investing in League of Kingdoms Arena from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to League of Kingdoms Arena.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.