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Binance announces the subscription of the “League of Kingdoms” project and its cryptocurrency “LOKA”

Binance announces the subscription of the “League of Kingdoms” project and its cryptocurrency “LOKA”

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Answer Binance announces the subscription of the “League of Kingdoms” project and its cryptocurrency “LOKA”

Today, Binance announced a new subscription, which is the 26th project in terms of ranking of the projects subscribed on the Binance IPO platform.

The new project bears the name “League of Kingdoms” Its digital currency is called “LOKA”.

As for the subscription of this project, it will be like its predecessors and will follow the usual Binance method for subscriptions based on BNB balance.

The subscription will start tomorrow, January 12, 2022.

Binance will record the balances of users holding the digital currency BNB for a period of 8 days, starting at 00:00 at night of January 12 UTC until January 20, 2022.

Read:The CEO of Binance meets with the President of Cote d’Ivoire to study the adoption of cryptocurrencies in the country

The final amount of BNB per user will be determined as an average of 8 days, using the calculation of the daily average of the BNB balance held in the wallet for the stated period.

LOKA digital currency subscription details:

  • Digital currency name: LOKA.
  • Subscription target: raise $4 million.
  • Maximum allowed per user: $15,000 (93,750 LOKA).
  • Total supply: 500,000,000 LOKA.
  • Total cryptocurrency for subscription on Binance: 25,000,000 LOKA (5% of the total supply).
  • Public selling price: 1 LOKA is estimated at $0.16 while the price in BNB will be determined prior to subscription.

An overview of the League of Kingdoms project:

The League of Kingdoms is one of the world’s first blockchain-based strategy games.

Players build kingdoms, farm resources, fight monsters, compete with enemy kingdoms, or make alliances and team confrontations.

All plots are non-fungible (NFT) tokens along with interchangeable resources and many other things and assets.

Currently, the free strategy game is available on mobile (Android, iOS), as well as on PC.

The project team aims to build a gaming world where players can have fun together while utilizing their digital assets, skills and playing time.

Read:Report: Binance controls 30% of cryptocurrency trading volume…Details here

The project offers entertaining game content that not only attracts crypto enthusiasts, but also casual players.

LOKA subscription schedule:

Preparation period:

The subscription begins, as we mentioned above, on January 12, 2022 and continues until January 20, 2022.

During this period, BNB balances are calculated in the users’ wallets and the calculation is made for a period of 8 days.

Subscription period:

Starts on January 12, 2022 at 06:00 AM UTC to 09:00 AM.

At this time, the subscription will be open to all eligible users for a period of 3 hours, which we will note about in The Arab Bitcoin Channel on Telegram.

Read:The Central Bank of Tunisia launches a digital currency based on the blockchain

Users must also sign a coin purchase agreement.

Please note that once you commit and enter the subscription period, your BNB will be locked and you will not be able to redeem or access any other functions such as transfers, withdrawals or trading until the final distribution is made.

Final Distribution Period:

The final distribution of the subscribed digital currency will be on January 20 at 10:00 am (UTC).

As the currency allocation will be finally calculated to the subscribers’ wallet, the corresponding BNB will be debited.

Once debited, your LOKA and BNB will be transferred to your instant wallet.

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