Land Issuance
Royalty rewards for the landlords
LAND SYSTEM
The League of Kingdoms game universe is built on top of the genesis continent which is made of a limited quantity of 65,536 Land plots. These Land parcels are called "League of Kingdoms LAND" and individually ERC-721 non-fungible tokens (NFT / Ticker: LOKL).
You will not only be able to claim ownership of these Lands by transferring them into your wallet's custody but also build kingdoms atop and enjoy various in-game utilities as well as rewards that you can transact across the blockchain.
Your Lands will be home to various resource farms with opportunities to find rare and valuable resources like crystals.
LAND ISSUANCE
Land issuance represents 5% of the total supply. The goal of the issuance is to reward land owners' contribution to the game ecosystem, through actively cultivating the lands, inviting new users to their properties, and many other activities they do outside of the game to evangelize the game.
In the future, the treasury may potentially decide to deploy additional funds to the Land reward pool in order to incentivize landlords.
Lands are ERC-721 Non-fungible tokenized digital estate in the League of Kingdoms game universe. Simply, the entire space where the game takes place is as NFTs.
ERC-721 (NFT)
7,678 / 65,536
LV 1~ 6 can be acquired at genesis
LV 7 ~ can only be unlocked by users' efforts & investments
Land development system
📚 Details on the Land development logistics can be found in the below blog:
📚 Details on the development point trends and insights can be found in the below portal
LAND System is evolving
LAND DAI Rewards
Since the presale in July 2020, cumulatively more than $660,000 value of DAI and/or BUSD stable coins were made claimable to Landholders from game revenue.
The earned rewards may be directly used in the game to purchase packages.
The DAI reward will continue upto the LAND 3.0 system launches, slated to be operational within 2022. (Requires a few months for development)
ℹ️ NFT Bank Dashboard can provide detailed track records for the rewards:
LOKA for LAND
LOKA reward distribution will begin a few months after the public sale.
This is to develop core infrastructure to enable more effective reward distribution in LOKA for the landowners.
The new land reward system will involve a renovated Land portal, Land reward, and analytics dashboard.
At the launch of the LOKA token, 94% of the Lands are in treasury, to be sold in future sales events. All the future Land sales proceed will be captured by the LOKA vault.
All the Lands will receive LOKA rewards pro-rata based on their development points, and the amount distributed for the treasury portion will be retained in the LOKA vault for future platform investments or reward distributions.
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