Key Points
- Binance will launch the LOKAUSDT futures contract with as much as 75x leverage later right this moment.
- LOKA token surged by 20% following the announcement.
Binance formally introduced the launch of futures buying and selling for League of Kingdoms Arena (LOKA) right this moment, September 24, in an effort to broaden customers’ buying and selling selections and expertise.
The LOKAUSDT Perpetual Contract shall be launched at 11:30 (UTC) with as much as 75x leverage.
Following Binance’s official announcement, the LOKA token surged considerably.
LOKA Price Spikes Following Binance’s Announcement
At the second of writing this text, LOKA is buying and selling above $0.27, up by 20% prior to now 24 hours. Earlier, the token reached a value of over $0.29.
Now, the token has a market cap of just about $50 million.
On September 23, the workforce behind League of Kingdoms shared a post through X, remembering Arena-Z’s chain launch. They additionally gave an enormous shoutout to their unbelievable audio system and visitors for making it an occasion to recollect.
Arena-Z is a devoted gaming blockchain platform that drives the widespread adoption of Web3 gaming. They assist a high-quality ecosystem of video games and supply a well-equipped surroundings for all, in accordance with a post dated August 27 on X.
They additionally introduced to followers that they’re engaged on one thing this month, and can’t wait to share the outcomes.
What is the League of Kingdoms (LOKA)?
League of Kingdoms (LOKA) is a blockchain-based Massively Multiplayer Online (MMO) technique sport. The venture is a play-to-earn ecosystem that permits gamers to earn actual earnings through in-game exercise.
During the gameplay, customers can carry out the next:
- Build kingdoms
- Raise armies
- Form alliances
- Compete on the battlefields for energy and wealth
The League of Kingdoms’ governance token LOKA permits holders to:
- Take half within the decision-making course of on the platform
- Purchase in-game objects
- Profit through staking
The venture additionally has a utility token referred to as DST (Dragon Soul Token) and that is mandatory for breeding Dragos, the dragon-like in-game characters.
The LOKA token went stay again in January 2022. The official whitepaper reveals that the sport was launched in July 2021, and in 2022, the platform launched the next:
- A Proprietary NFT market
- A PvP area
- A Land reward hub
The venture’s whitepaper notes that the League of Kingdoms sport obtained options of a social community and financial platform with a powerful group, spanning throughout the digital and actual world – all this was attainable because of the fast rise of the digital financial system and the blockchain Play-to-Earn revolution.
