League of Ancients

League of Ancients (LOA) is a unique MOBA NFT-game. MOBA is an online real-time video game where two teams of characters contend head-to-head. LOA is motivated by League of Legends. League of Legends is defined as a multiplayer online action arena video game created for Microsoft Windows and macOS. LOA aims to build an engaging community with a prosperous economy, concentrating on Play-to-Earn mechanisms while providing players access to the game at zero cost by using blockchain technology. The motives of the platform are;

1.     Empower the Community: The platform seeks to provide the members full ownership of their assets and understand that their feedback, recommendations, and participation are distinct in LOA's evolution.

2.     A Strong Ecosystem:The platform aims to provide a suitable, balanced, self-sustaining, and transparent ecosystem where all participants are offered incentives for playing and earning assets.

3.     An Excellent Game: For MOBA fans, the platform plans to create a superb gaming experience. 

With these motives, the platform also aims to build an ideal, stable, and growing blockchain game, which designates the community with an equal chance to acquire assets while relishing a good MOBA gaming experience. Further, to ensure this operational structure can function smoothly, the game introduced its cryptocurrency, the LOA token. 

LOA is an essential BEP-20 governance token belonging to the League of Ancients. The BEP-20 tokens are crypto tokens on BSC (Binance Smart Chain) that provide extensions for ERC-20 tokens. The only way to obtain LOA tokens is by participating in League Of Ancients or staking into the Ancient Realms. According to its whitepaper, Ancient Realm is a vital smart contract that permits individuals to gain $LOA tokens by staking specific Liquidity-Provider (LP) tokens via various DeFi protocols techniques. LP tokens are evidence that users own a portion of the liquidity pool that can be utilized to release the crypto tokens from the liquidity pool. 

According to its website, LOA is also the backbone of the platform's economy, where token usages define how the in-game economy can evolve, and players can gain a rewarding experience. Besides these usages, LOA is a fungible token of League of Ancients, an exchangeable expression of distributed governance and utility operations defined in League of Ancient's protocol. This functioning nature of the token ensures it can also be used as an interoperable utility token within the LOA ecosystem.

The League of Ancient is headed by Dwayne Ong, governor and project lead of the token. The whitepaper for LOA was released in 2021. LOA has a total supply of 1,000,000,000 tokens.