LEAGUE OF ANCIENTS IS PLANNED TO REVOLUTIONIZE THE MOBA GAMING INDUSTRY WITH PLAY-TO-EARN POTENTIAL

The upcoming NFT marketplace will allow players to trade on the blockchain

KUALA LUMPUR, Malaysia, May 31, 2022 /PRNewswire/ — Crypto MOBA game League of Ancients has officially launched the first phase of its official launch of the NFT marketplace where users can buy, sell and trade NFTs including hero skins and more. Developed by Mithotech Pte. Ltd., League of Ancients is the first crypto 5v5 MOBA game that aims to put the power back in the hands of players by allowing them to earn revenue from gaming.

Revolutionizing the MOBA game industry

The player base of the MOBA game industry is over 300 million worldwide. Even so, 99.99% The existing global player base does NOT generate any income from the sport. Unlike the existing MOBA mobile giants Moonton and Riot, Mithotech offers a free-to-play and play-to-earn model on the blockchain, allowing anyone to play League of Ancients, making it a worthwhile endeavor to create instead of a usual hobby. Now everyone – not just the hired pros – can make money from the game they love.

Best of all, all NFT skins and in-game items are fully owned by the player – not the game developer – and can be traded or sold at any time.

Lucrative potential for early adopters

League of Ancients takes a different approach to existing crypto-based games with its free-to-play model. This means players don’t need to purchase and own an NFT to start earning. However, owning his NFT skins offers significant benefits.

Following the launch of the game’s NFT Marketplace this month, players can begin coining the extremely limited amounts of Hero Skin NFTs, which offer players superior earning power as well as minor in-game benefits. Once the supply of NFTs for a given hero is fully minted, a significant increase in value is expected due to the scarcity and sheer size of the overall MOBA market.

After that, the only way to own one is to win raffles or buy a used one from the League of Ancients NFT marketplace. To date, over 180,000 NFTs – more than half of the existing supply – have already been sold in presale events held prior to the launch of the marketplace.

A balanced and transparent economy

A fee of $LOA tokens is charged for all transactions on the NFT marketplace; 80% is returned to the community while the remaining 20% ​​is reinvested in game development and operational costs. This allows the value of the $LOA token to be preserved.

In addition to buying, selling, and trading skins, players can also engage in yield farming and NFT staking to passively earn $LOA tokens and more. Yield Farming is the first Marketplace feature to be launched, allowing players to start farming $LOA tokens in preparation for the other Marketplace features and the upcoming game release scheduled for Q4 of this year.

For more information, visit the official League of Ancients website at https://leagueofcients.co/main

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