November 21-st held an Ask Me Anything session at ICO Speaks telegram chat. From the League of Ancients there was:
Dwayne | Project Lead @dwayneloa
Hey everyone I am Dwayne Project lead of League of Ancients. Pleased to be here.
Let’s get started!
Q: What is LOA?
A: LOA is NFT mobile game inspired by Dota2 and league of legends. We are aiming to create an engaging community and focus on play to earn economy . Our value proposition actually is free to play with play to earn mechanics, and that is planned to be achieved by blockchain technology where players can have their ownership of the NFT skins.
Q: Can people join gaming already?
A: Not yet, Beta is planned for Q3 2022
Q: Can you share the projects vision?
A: Idea of LOA start from my own experience as a gamer, I’ve been playing different games transitioning from Warcraft to DOTA, League of Legends, DOTA 2 lately, and etc., for about 20 years at the moment. The vision is actually to create an excellent and stable game on blockchain to empower the player to have the ability to earn and play the game, also we really love to involve the community in the process of developing and creating this whole entire game.
Q: What are the goals of LOA in late 2021 – 2022?
A: Goal is to bring e-sport players to know about blockchain. Creating more venus for e-sport players to understand blockchain technology. Also we have many plans to come true after our listings. Also, we’ll keep developing the NFT marketplace which plays important role in our ecosystem and surely game developing.
Q: Can LOA talk about some outstanding features that can make your project stand out and give it a competitive edge among competitors who are constantly making new updates and offering new products?
A: We emphasis of free to play. As there are many NFT games with a huge entry cost. We want to build the game to be available for everyone with ability to earn tokens, stake them or provide a liquidity pool. Also they will be able to participate in the referral event on the marketplace where they can get a capsule which unlocks different rarities, skins and you can sell them or use them to play the NFT mode. There will be 3 to play mods: Free, NFT mode and Tournaments.
Q: Could you describe How Gameplay works ?
A: It’s gonna be close to League of legends or Dota, there will be a 5×5 team and selection of heros, the game objective will be to open the tower. Game play trailer video will be released very soon.
Q: Do you plan to bring the meta verse to your users?
A: We don’t see us stopping on 1 mobile game, our NFT would be able to interact with other games so Metaverse would be the future and a way to create a great utility.
Q: What is the utility of a token in the ecosystem and tell us some benefits of holding this token for the long term?
A: There are 3 main components for our token utility:
– NFT Marketplace
In order to participate in different events on it you’ll need to stick to our token and there will be a participation fee. Also as you want to stake the NFT there would also be a staking fee, same as for releasing the NFT for sale. One of the cool elements for the NFT marketplace is the fusion. In case you want to get the higher rarity NFT you can actually fuse them and get higher rarity of your skin and mining power as you have higher mining power you can earn more rewards.
– In Game Economy
You can have Seasonal NFT skins you can also have access and buy different passes with the help of a token. Also there would be a price pool battle.
– To Stabilize the token price there would be a possibility to send it to the burn pull
Q: IF THE BEAR MARKET COMES will your token PROBABLY DUMP? Do you have any plan to prepare for this bear market? How will you handle the panic sell ?
A: Most of our tokens are vested and doing an daily release. This help with the sell pressure and build momentum as many interesting things will be happening after tge
Q: People always check about safety and security from any project because much hack issue right now, I would like to know how is the safety from your project? How did you make sure that you are secure?
A: We have audit report done. Do check out at our whitepaper for details
Q: Do the token holders have the right to participate in the governance of the project? What kind of decisions can they vote on about the project?
A: Yes in the future. As the game is developed we will have gov for the project.
Q: I want to invest in your project? Where can I buy your tokens right now. Is the price attractive to buyers?
A: Check out our channels for more info. We be announcing our nft sales info shortly
Q: Can you list 1-3 killer features of Your Project that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?
A: 1. Free to play / play to earn
2. Moba game (fun and addictive)
3. NFT skins and game mode allows cool in game features.
4. Esport – prize pool battle
Q: Is your platform suitable for crypto beginners? Or does it only limited for professional users ?
A: We like to educate more gamers about blockchain technology and empowere to earn income thru tokenomics and at the sametime grow our community. An moba movement on the blockchain
Q: Рow did you build an ecosystem of users, partners, and content creators, bringing best-in-class digital services to emerging markets?
A: By sharing our vision of empowering users to have the equal opportunity to play and earn. And not just the top 1% players. This would be a new lifestyle and new way of esport
Q: Which one of these aspects is important for you? 1-Increasing Token Price & Value 2-Empowering Platform Development 3-Building Community Trust 4-Expanding Partnership Globally In what order?
A: All are equally important, we expanding our team to ensure we cover all areas.
Q: How does project increase the token’s value, liquidity and utility ? So that it can lead to an increase in token prices ? What is your plan to make your project stable and provide the highest return for investors in the long term ?
A: Yes it is important to create utitlies for the token. Our revenue stream are thru staking (defi element) , nft marketplace and moba game (in-game features) all 80% revenue will be send to burn pool to protect the value of LOA token of league of ancients
In game economy is important too, to avoid inflationary issue. Thus creating in game features such as – battle cup, battle passes , seasonal nft skins which are purchasable using in game token . The team is still finalising on the detail
ICOSpeaks hosted an AMA Session with the League of Ancients Team. That’s all for today.
Thanks to all users who participated.
Thanks, League of Ancients for being with us
Thanks, all and see you soon😉
Wanna know more?
Take a look at our other ama sessions