LOCGame: Why The $LOCG Token Could Be Promising
January 06 2022 - 4:36AM
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LegendsOfCrypto (commonly known as LOCGame) is the first
play-to-earn GameFi project of Rbl Labs, a company based in
Amsterdam – it focuses on NFTs (Non-Fungible Tokens) and bringing
their use case to the blockchain gaming space. LOCGame is a
pay-for-play and strategy card game that features several metaverse
and play-to-earn features on a 3×3 battle grid. The game’s
metaverse is an acknowledgment of the history of the crypto space
and the pop culture associated with them. It also features many
instantly recognizable playable characters in the form of popular
influencers and celebrities in the crypto space. Rbl Labs, the
company behind the game, has stated that future metaverses will be
coming to the platform and will be announced in 2022. At the heart
of this ecosystem is the $LOCG token. Let’s understand a little
more about the project, the token itself, and why this asset has
tremendous upside potential. LOCGame: Creating A Buzz In The Crypto
Space The first-ever blockchain game to feature NFTs was
CryptoKitties. Several other games also utilize NFTs, with another
prominent example being Ethermon, which tried to build on this
concept. LOCGame leverages the same concept, allowing individuals
to buy NFTs and use them in a game featuring thousands of other
players. LOCGame is an NFT project repackaged as a collectible
trading card game. Unlike many other collectible card game startups
that cloned famous Hearthstone gameplay, LegendsOfCrypto developed
its own unique core gameplay based on Triad Battle. The game
utilizes blockchain technology to create unique, non-fungible
assets that pay homage to the members of the crypto space. Players
in the game can win NFT items, while card owners are eligible for
various rewards from prize pools. The game leverages DeFi and DAO
governance and is powered by the Ethereum and Polygon blockchains.
Rbl Labs won a grant for Polygon as their layer-2 will power the
game core, its DeFi economy, and its DAO governance model. It also
makes cross-chain playability possible, enabling low transaction
costs and high transaction speeds and acting as a bridge to the
Ethereum blockchain. Used in tandem, both Ethereum and Polygon
ensure the stability of the LOCGame ecosystem. The $LOCG Token:
Powering the LOCGame Ecosystem The $LOCG token is the native
cryptocurrency that sits at the core of the LOCGame ecosystem. The
token brings the platform and game to life, acting as a governance
mechanism and allowing users to earn rewards by playing the game or
staking. Let’s take a closer look to understand how the LOCGame
token can be utilized: Indirect rewards in play-to-earn mechanics
Payment mechanism Access to communities, discounts, and perks
Staking for rewards DAO governance The LOCGame ecosystem includes:
Native NFT marketplace connected to third-parties on Polygon and
ETH: https://marketplace.locgame.io Collectible strategy card game
with free-to-play, play-to-earn GameFi features In-game reward
token that can be used to purchase and upgrade playing cards –
stake to earn $LOCG and other rewards The $LOCG token NFT
collectible cards – the Genesis edition is fully dedicated to
crypto industry famous characters Upcoming games complimentary to
LOCGame Charity and social responsibility – 10% of NFT sales go to
a good cause via Little Phil The $LOCG token is available on top
cryptocurrency exchanges such as Gate.io, HotBit, Uniswap, ZT, and
KuCoin. It has a circulating supply of 50,209,206 $LOCG, with a
total supply of 148,053,144 $LOCG and a maximum supply of
150,000,000 $LOCG. Why $LOCG Could Be a Good Buy The $LOCG token
shows great potential at the moment due to several reasons working
in its favor. Rbl Labs just launched the demo version of the game
on Dec 16, 2021, where the community feedback is overwhelmingly
positive. The next Alpha 2.0 will be released in early Q1 2022,
where there will be a basic play-to-earn functionality introducing
a new in-game token as well as new reward utilities for the $LOCG
token. As the game evolves further in 2022, the utility for $LOCG
will be expanded, thereby increasing the demand. The current market
cap stands at only around $5.5 million, in comparison with $200
million+ market caps for working games such as Gods Unchained,
Splinters, and other playable GameFi products. Typically, small
caps are poised for huge growth once the product is launched.
Additionally, with the support of major blue-chip investors (such
as Signum Capital and NGC) and huge designer partnerships with
artists from brands like Burberry and Prada, the $LOCG token is set
to take off! The market is currently experiencing a frenzy in the
play-to-earn space, and LOCGame will be at the forefront of this
movement in 2022 with full functionality of the game on the
horizon. With the launch of the platform scheduled in December,
players will need to buy the $LOCG token before the game’s launch
so that they can purchase NFT cards to play the game. The $LOCG
token can also act as a payment mechanism and gain access to
discounts, governance, and staking. Therefore, $LOCG has massive
potential upside for 2022 and beyond. The Future of Play-to-Earn
NFTs LOCGame is redefining the blockchain gaming space, bringing
several new features backed by the platform’s cutting-edge
technology. The LOCGame ecosystem is designed to give its users an
immersive experience that takes a new spin on the utility of NFTs.
On another note, LOCGame’s Genesis Edition NFT Sale took place on
4th of December, and with the launch of the game almost upon us,
there’s an unbelievable amount of hype around the game. Add to this
mix words of endorsement from behemoths of the crypto space,
Bitboy, Crypto Lark, Crypto Stach and Carl the Moon, LOCGame
promises to turn the NFT gaming space on its head. The $LOCG token
has a lot going for it, set to soar to new heights.
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