LAND 3.0
A path to the metaverse
What is LAND 3.0?
On January last year, LAND 2.0 was announced, and LAND evolved with number of enhanced features.
This time, for the upcoming #2 land sale on March 2022, League of Kingdoms Land will get a number of new features. The new chapter of the LAND will be called LAND 3.0.
The new LAND system comes with major changes in its reward system as well as the distribution logic.
Follow along!
Here are the highlights of the new LAND 3.0 system
LOKA Rewards
In the 2nd Quarter of 2022 and moving forward, the DAI/BUSD rewards will be replaced with the $LOKA token rewards, and all LAND holders will start to be able to claim their development rewards in LOKA.
The $LOKA reward will come from 5% of the total supply (Land Issuance)
- Unlike stable coins, $LOKA will grant you additional benefits and utilities including but not limited to potential staking rewards, governance voting rights, and additional platform membership perks.
- Also, unlike the current system, the reward pool amount will not fluctuate and thus be more predictable.
- The distribution system will now take into account the unowned parcels. And the LOKA rewards earmarked for the unowned LANDs in the treasury will directly enter the DAO treasury for future community usage.
- The funds are very likely to be used to bolster the economic value loop including the Land reward pool. This system will ensure there is no longer any dilution of values with the new LAND supply.
Universal Basic Rewards for all LAND owners.
All LANDlords as patrons of the League of Kingdoms metaverse deserve rewards.
The reward potential for each level of LAND differs quite widely. For example, when Level 1 LAND owner gets around $3 worth of rewards in a month, Level 6 gets close to $200 during the period. In order to close this large and widening gap between the LANDs, the new LAND 3.0 system will introduce a new reward mechanism called Universal rewards for all LANDs.
For each reward cycle, 20% of the total LOKA reward pool will be earmarked for the universal reward pool. This scheme resembles the concept often referred to as “universal basic income” and seeks to close the income gap between levels. As a result, all Landowners will receive a small and equal amount of $LOKA from this pool, regardless of the level of their Lands, thereby increasing the earning potential of lower leveled Lands.
What has changed?
As explained, the major changes are LOKA, distribution system, and universal reward pool.
See how the LAND has evolved over time.
This is far from exhaustive.
The game ecosystem is aiming to add various new utility cases to the existing set of benefits that the Land offers to its holders. Thanks to blockchain technology, we can leverage NFT’s interoperability and composability with new and/or existing NFTs within the game ecosystem as well as outside of it.
Some of the potential examples:
- Special NFT airdrop for LAND holders
- Special exclusive roles in the communities
- Special whitelist rights to new upcoming NFTs for the LAND holders
- New avenues to utilize the LAND
- New ways to customize your LAND
- Many others...
About League of Kingdoms
League of kingdoms is a massively multiplayer (MMO) strategy game that is centered around building kingdoms and governing the world. Here the player can build a powerful kingdom and army, forge alliances, compete against others, and trade digital assets across the blockchain.
The LANDs are NFTs transparently and verifiably stored on the blockchain network, so players can own and trade freely. Gamers can not only own a parcel of Land, but various resources therein, and the future growth of the game platform.
🎮 League of Kingdoms Linktree
About League of Kingdoms Arena (LOKA)
League of Kingdoms Arena (LOKA) is League of Kingdoms’ native governance token and will be the cornerstone for the game project’s expansion into metaverses where communities of gamers can own and thrive.
The LOKA will be utilized as the currency inside the League of Kingdoms game franchise for all in-game store purchases, such as purchasing packages, skins, goods. Additionally, the LOKA token will act as an NFT booster to create, upgrade, and acquire special NFT assets, including but not limited to Drago and Skin NFTs. The token will be also used to propose and vote on on-chain governance proposals to determine future features, policies, content, and/or parameters of the game. Last but not least LOKA tokens can also be earned by playing the in-game competition and/or achieving special tasks — for example after each Continent vs. Continent (CvC) battle, winners will be rewarded with LOKA tokens (and potentially rarer NFT item rewards) depending on the performance during the battle.
🌐Website | 📈CoinMarketCap | 📜Whitepaper
