League of Kingdoms is organizing a pre-sale for their virtual land starting from May 25th 2020. They will sell only 11 percent of the total land supply during the promotional pre-sale at a maximum discount of thirty percent. Nplus Entertainment will sell the remaining land when the game launches in June.
Investors and gamers alike will be able to buy virtual land within League of Kingdoms using ethereum or other ERC20 tokens. Nplus Entertainment announced they will be using cryptocurrency swapping service Kyber to allow payments using for example DAI or MANA.
Land will be available in six difference levels. During the first League of Kingdoms pre-sale the level 1 lands will not be available yet. Prices during the pre-sale period range from 10 dollars for a level 1 land, and 192 dollars for a level 6 land. When gamers buy a piece of land, they will also get an equivalent of value in the in-game currency Crystal.
What’s the use of owning land?
Each piece of land is a real estate within League of Kingdoms. The developers have tokenized the land on the Ethereum blockchain as a ERC-721 token, giving the player full ownership. Value for land is driven by usage. The more users flock a piece of land attracts, the more valuable it becomes.
Therefore it’s important that land owners are active users as well. They need to make sure that the land develops and becomes or remains an interesting location for other players.
If League of Kingdoms turns out the be a popular game, they will create a new continent to host more players. Land owners will own the piece of land on exactly the same location on the new continent. Therefore coordinates determine land ownership in League of Kingdoms.
Earning rewards with land
As a land owner you will earn two types of rewards. The first reward is the development reward. Based on the land’s development level, players will earn a percentage of the reward pool. Ten percent of all in-app purchases become the reward pool. Players can get more rewards by increasing their development level by consuming crystals or doing development activities.
The second reward is based on resources. Every land owner will get 5 percent of the resources collected within his land. Players can obtain these resources daily. These resources can be minted as NFTs and sold on a marketplace.
However, to claim rewards land owners may need to go through a KYC process. It depends a bit on the amount of land that someone ownes. That would basically mean that earnings from League of Kingdoms could potentially be considered financial gain or income by your local tax office.
What is League of Kingdoms?
League of Kingdoms looks like its inspired by popular mobile games like Rise of Kingdoms. You can see this in for example the need to work together to build a strong kingdom, overpower other kingdoms and defeat monsters. Players can forge alliances between kingdoms, while they can also voted for their leaders through the Ethereum blockchain.
This strategy game basically consists out of five different layers:
- Blockchain – The first continent is running on the Ethereum blockchain, but other continents might move to other blockchains. Through blockchain technology players have true ownership in an open economy, with transparent governance.
- Land – Land is non-fungible virtual real estate stored on the blockchain. Players can earn, play, trade using the land.
- Kingdoms – Kingdoms function on top of the land. A kingdom can become a prosperous city state with a powerful army.
- Alliance – An alliance is a clan with multiple kingdoms. Diplomacy, trade relations and governance of the continent play a role here.
- Congress – Continental congress is a group of chosen leaders that govern the entire continent. They decide on rewards, dividends, and many other things inside the game.
Also published on Medium.