League of Kingdoms Arena
Crypto Overview
Purpose and Utility
League of Kingdoms Arena (LOKA) is the governance and utility token for a blockchain-based MMO strategy game where players can build kingdoms, train armies, and battle other players. The token serves multiple purposes within the game ecosystem: governance voting rights, staking rewards, in-game purchases, and trading of NFT land plots.
Business Model Evaluation
The business model centers around gaming and virtual land ownership, with players having true ownership of their in-game assets through blockchain technology. The game generates revenue through NFT sales, marketplace fees, and in-game transactions. The core activities involve strategic gameplay and asset ownership, which align with halal principles as they involve actual exchange of value and utility.
Real-World Adoption
The game has maintained an active user base since its launch, with thousands of daily active users. The LOKA token is actively traded on major cryptocurrency exchanges including Binance and KuCoin. The game has established partnerships with notable blockchain gaming guilds and continues to show organic growth in its ecosystem.
Platform Development
The development team regularly releases updates and new features, as evidenced by their public GitHub repository and frequent patch notes. The roadmap includes expansion of gameplay features, improved graphics, and enhanced tokenomics.
Token Distribution
The token distribution includes allocations for the team (15%), advisors (5%), ecosystem development (25%), and public sale (55%). Team tokens are subject to a vesting schedule over 24 months, indicating a long-term commitment to the project.
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.