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Highlights
- LOKA primarily aims to develop a decentralized gaming metaverse, which many believe is the fast-growing 4x MMO (massively multiplayer online) strategy game in the domain.
- LOKA token was among the hot trends following its Binance listing on 20 January 2022.
- Ranked 530, the LOKA token was trading at US$2.39 with a volume of US$356,578,734 over a day as CoinMarketCap.
After making its debut in July 2020, the League of Kingdoms (LOKA) crypto has been grabbing the eyeballs of many within the blockchain network. LOKA primarily aims to develop a decentralized gaming metaverse, which many believe is the fast-growing 4x MMO (massively multiplayer online) strategy game in the domain.
Through its LOKA token, users can add their respective NFTs, which gives them governance rights and other utilities of the League of Kingdoms community.
On Friday, the LOKA token was among the hot trends following its Binance listing on 20 January. Binance opened its trading for LOKA/BTC, LOKA/USDT, LOKA/BNB, and LOKA/BUSD trading pairs from 12:00 PM (UTC). According to the Binance website, the token purchase price was set at 0.00033971 BNB or US$0.16. As soon as the news of the listing came out, the token saw an immediate rally and LOKA was up 7%.
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What is LOKA token?
As a traditional strategic fighting game, LOKA allows the users to compete on various battlefields, build kingdoms, raise armies, etc. The LOKA users can stake and mint tokens and earn rewards. After the launch in 2020, the LOKA community has expanded to a 400,000-strong community of active users.
In December, LOKA had raised approximately US$ 3 million from a private token sale, wherein the 6% of the LOKA total token supply has been sold at US$0.1/ LOKA. The funding round was led by the likes of venture capitalist Andreessen Horowitz, Binance Labs, BlockTower Capital, etc.
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LOKA benefits not only active gamers but also passive ones. The gamers can purchase lands and use these resources to mint them as NFTs, which can be utilized for further transactions. As it based on a trustless system, it doesn’t involve intermediaries. It offers multiple gaming modes such as Player vs Environment (PvE), one-on-one mode, and others.
Investing in LOKA token
Ranked 530, the LOKA token was trading at US$2.39 with a volume of US$356,578,734 over a day as CoinMarketCap. Following the Binance listing coupled with the increased interest from the gaming community, the LOKA token has been up by 3.73% in the past 24 hours. LOKA boasts of a live market cap of US$59,940,534 with 25,100,000 LOKA coins in circulation.
Backed by growing active user base, which has increased to 120,000 (January 2022) from 4,000 (July 2021) along with the projected growth of metaverse in 2022, the future of LOKA tokens looks bright as of now.
