League of Kingdoms Arena
Crypto Overview
Project Overview
League of Kingdoms Arena is a blockchain-based MMO strategy game where players can build kingdoms, battle other players, and own actual pieces of the game world through NFTs. The LOKA token serves as the governance and utility token for the game's ecosystem.
Intended Utility
The LOKA token is designed to serve multiple purposes within the game ecosystem: governance rights for game decisions, staking for rewards, purchasing in-game assets, and accessing special features. Players can earn LOKA through gameplay and participation in the game's economy.
Actual Utility Assessment
The game has demonstrated real adoption with over 100,000 monthly active users. The LOKA token is actively used for its intended purposes, including governance voting, in-game purchases, and staking. The development team maintains regular updates and improvements to the platform, with a clear roadmap and consistent delivery of features.
Token Distribution and Governance
The token distribution includes allocations for the team, advisors, and early investors with appropriate vesting periods. The project demonstrates transparency in its tokenomics and governance structure. While there is a significant portion allocated to the team and early investors, vesting schedules are in place to prevent sudden selling pressure.
Technology and Development
The project runs on the Ethereum blockchain with a focus on gaming functionality. The smart contracts have been audited by reputable firms. The development team is actively building and improving the platform with regular updates and new features.
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.