The League of Kingdoms Token Sale will follow the Binance Launchpad Subscription format.
League of Kingdoms Token Sale on Binance Launchpad
League of Kingdoms Arena (LOKA), which terms itself as the world’s first blockchain Massively Multiplayer Online Real-time Strategy (MMORTS) game, has started preparations for its token sale on Binance Launchpad.
According to Binance’s announcement on January 11th, the Non-fungible Token (NFT) and GameFi protocol became the 26th project on the Binance Launchpad. In addition, the token sale/Initial DEX Offering (IDO) will follow the Binance Launchpad Subscription format.
“Binance is excited to announce the 26th project on Binance Launchpad – League of Kingdoms (LOKA). The token sale of League of Kingdoms will follow the Launchpad subscription format, with the recording of user BNB balances starting at 2022-01-12 00:00 AM (UTC),” Binance wrote.
The recording of users’ BNB balances has commenced and will run for eight days from January 12th till January 20th at 00:00 AM UTC. Binance Launchpad will calculate each user’s final BNB holding amount as the 8-day average, using the Daily Average BNB Balance calculation format.
How to Participate?
As stated earlier, users need to hold BNB for eight days. These eight days is the preparation period (January 12th at 00:00 AM UTC – January 20th at 00:00 AM UTC): During this period, users’ BNB holdings on Binance will be calculated in hourly snapshots every day 8-day period.
Users’ final daily BNB balance over eight days will determine the maximum BNB they can commit to the token sale event.
After the preparation period comes the subscription period (January 20th at 6:00 AM UTC – January 20th at 9:00 AM UTC): The subscription period will open for three hours to all eligible users.
Users are expected to sign the Token purchase agreement before committing their BNB.
Once committed, BNB committed will be locked, and access to other functions like transfers, withdrawals, or trading will be denied until final token distribution.
Next is the calculation period (January 20th at 9:00 AM UTC – January 20th at 10:00 AM UTC): The subscription period ends, and token allocation calculation begins.
Finally, the Final Token Distribution (January 20th at 10:00 AM UTC): Users’ final token allocation will be calculated, and the corresponding BNB will be removed from the locked BNB amount.
After that, the protocol’s $LOKA token and $BNB tokens will be transferred to the users’ Spot wallet.
LOKA Token Sale Details
Token Ticker: League of Kingdoms (LOKA)
Launchpad Hard Cap: $4,000,000
Hard Cap Per User: $15,000 ~ 93,750 LOKA
Total Supply: 500,000,000 LOKA
Launchpad Token Supply: 25,000,000 LOKA
Public Sale Price: 1 LOKA = $0.16 (BNB Price will be determined before subscription)
Format: Launchpad Subscription Format
Supported Tokens: BNB
Read the Binance announcement to learn more about the BNB balance calculation, subscription format, eligibility, and more.
About League of Kingdoms
League of Kingdoms is an MMO Strategy game where gamers fight for dominion. Players can fully own and trade digital assets seamlessly through NFT technology on the platform. Players can also participate in game governance through transparent voting and the congress system.
Learn more about LOKA here:
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.