A new massively multiplayer online (MMO) strategy game that harnesses the power of blockchain technology just entered the crypto world after joining the Binance marketplace.
In a recent announcement, crypto exchange giant Binance says that the native governance token of League of Kingdoms (LOKA), a Medieval-themed metaverse battle game, will now be available for trading.
The freshly minted altcoin launched today with a price of $2.42 and has since risen by 7% to its current valuation of $2.59.
League of Kingdoms goes beyond the traditional strategic fighting game format by employing blockchain features such as non-fungible tokens (NFTs) that serve as plots of land for the project. In addition, the protocol’s governance will be determined by a decentralized autonomous organization (DAO).
In addition to governance, LOKA can be used for in-game purchases, minting or upgrading NFT assets, and staking holdings to earn rewards.
The token will appear in Binance’s Innovation Zone, a dedicated space that offers investors crypto assets that might experience volatile price swings.
According to the project’s whitepaper,
“Not only can gamers own these Lands, but also gather resources on the Lands and mint them into NFTs to trade.
All these tokenized assets are transparently and trustlessly transacted and traded across the blockchain, without intermediaries.”
Binance says LOKA will be available in the Bitcoin (BTC), Binance Coin (BNB), Binance USD (BUSD), and Tether (USDT) trading pairs.
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Featured Image: Shutterstock/Stokkete/Fotomay
