NFTs have added a replacement dimension to the crypto space, creating ripples within the market, the likes of which haven’t been seen during a while . Legends of Crypto (LOC) is one among the foremost highly anticipated NFT projects that's currently within the initial phase of penetration . Legends of Crypto hopes to become a gaming ecosystem for both the crypto gaming community and traditional gamers. It leverages DeFi and a DAO governance model, bringing gamers a singular NFT game that permits them to gather , earn, and play.
A Brief Introduction to Legends of Crypto
Remember the collectible and card games that you simply wont to play? Legends of Crypto is like that during a lot of the way . it's an NFT project wrapped as a collectible card game that utilizes blockchain technology. It takes a singular approach, that specialize in the crypto industry and its prominent members and influencers.
The game is powered by the Ethereum and Matic blockchains. Matic powers the underlying DeFi economy of the sport , the sport core, and therefore the DAO governance model. Using the Matic network allows for cross-chain playability, lower transaction costs, higher transaction speeds, and a bridge to the Ethereum blockchain. Using Ethereum and Matic brings greater stability and efficiency to the Legends of Crypto ecosystem.
Players that own NFT cards can earn rewards from prize pools. The game’s ability to leverage DeFi and DAO governance creates a sustainable gaming ecosystem.
The various characters featured within the game are prominent members and influencers from the crypto industry. Each character is placed into different categories, which are:
. Top blockchains
. Top cryptocurrencies
. DeFi legends
. Crypto cities
. NFT legends
Some notable characters within the game are the Crypto Whale Investor and Binance’s CZ.
How To Play Legends of Crypto
Legends of Crypto is pretty simple to play, working as a top trump style cards . Each card contains a group of numerical data, and therefore the cards are distributed equally between the players. The players need to win by comparing the worth of the cards and trump the worth of the opposing card by playing an identical card of upper value.
Since each card is from a special category, players can choose the category of cards they need to play with – the player who has the cards with the very best value within the particular category is that the winner.
Legends of Crypto also features a built-in referral program that acts as an incentive for users to play more and invite people to hitch the platform.
The $LOCG Token
The $LOCG token is that the native cryptocurrency of the Legends of Crypto game and ecosystem. The token acts because the primary mode of payment, helps within the distribution of rewards within the game, and acts because the governance token. it's also wont to provide incentives to the players to continue playing the sport .
Legend of Crypto’s $LOCG token is compatible with both Matic and ERC-20, with its supply capped at 150,000,000 tokens. a number of the utilization cases of the $LOCG token are:
. Legends of Crypto tries to incentivize players to participate and play the sport the maximum amount as they will by adopting a pay-for-play model. the thought behind it's simple – the more you play the sport , the more $LOCG you receive.
. When a player buys NFT cards or decks from the Legends of Crypto marketplace, they receive kickbacks within the sort of $LOCG.
. Players can stake their $LOCG tokens in staking pools, receiving NFT airdrops reciprocally .
. The $LOCG token also acts as a governance token, giving token holders the facility to vote on changes to the sport , suggest changes to the sport , and invite new features and card editions. Certain $LOCG token holders, if they own enough of the tokens, also can be appointed to the DAO LOC Council.
. The $LOCG token gives holders the power to vary features in a number of the rarest NFT cards.
Players that pay using the $LOCG token can receive discounts on decks and NFT cards.
Gameplay and Features
Players can choose between characters within the game, all of which are easily recognizable if they're conversant in the crypto industry. The characters chosen by the team are designed to evoke familiarity among the players and push players to shop for more NFT cards.
The game has six different criteria, with each of them having assigned scores on a scale of 1-100. the standards are innovation, dev skills, networth, community, impact, and influence. Players choose the categories during the sport , with the player who scores the very best number of cards within the selected category wins the sport .
Since Legends of Crypto may be a multiplayer game, you would like a minimum of two and a maximum of six players to play the sport . Players can stake their NFTs and earn crypto, or use their $LOCG tokens and farm rare NFTs.
Each NFT comes with its unique design and rarity. Players can trade them on the LOC or third-party marketplaces like Open-Sea.
The Team Behind Legends of Crypto
The Legends of Crypto team has experience and is extremely hooked in to the crypto space and blockchain technology. The brains behind Legends of Crypto are Mik Mironov, Lise Lefebvre, and Mathew Sayed.
They are backed by an advisory team that brings a wealth of experience in NFTs, blockchain technology, and gaming.
The team at Legends of Crypto hopes to make a gaming ecosystem that's decentralized and beneficial to the gaming community at large. The team believes that the partnerships they need fostered and therefore the unique product offerings will approach the recognition of Legends of Crypto, giving the sport a big boost.
With the team having a transparent roadmap for 2021 and therefore the game’s unique gameplay, Legends of Crypto is poised to make an ecosystem fueled by the expansion of NFTs. Legends of Crypto is certainly a game that you simply should keep your eye on if you're into the NFT space.
The private investment round was led by top blockchain risk capital firms LD Capital, SL2, Signum Capital, NGC and Moonwhale Ventures.