LegendsOfCrypto (LOC) is announcing its Initial Dex Offering (IDO) that will be on DAOMaker on (). This offering is an opportunity for the public to get LOC tokens and for the platform to grow its community. LOC is the leading gaming hub where crypto enthusiasts assemble to play with their favorite legends, collect NFTs, earn and have fun all at the same time.

This IDO is scheduled after a successful strategic investment round with top venture capital firms. The round was led by investors such as Signum Capital, LD Capital, NGC, AU21, TerraVirtua and Block Dream Fund. The funds raised from this investment round will be used to develop LOC, making it the go to platform for gaming. This means that more features will be added to the platform, more marketing and awareness measures will be employed, and unique gaming experiences will be developed. Additionally, LOC will focus on creating more provable rare NFT cards and decks such that players will be excited to collect and play with them. This will add to the uniqueness of the platform and play a huge role in attracting new users.

LOC is focused on achieving all the major milestones set out in its roadmap. The recently concluded strategic investment round and the upcoming IDO are proof to its community that the project is committed to serving and achieving set milestones. By achieving all these, LOC hopes to attract more investors and build its community, thereby providing the best gaming experience in the crypto space.

About The IDO

An IDO is a chance for members of the public to be part of a particular project by investing in its token. This is the aim of LOC IDO, to allow more people to hold $LOC and trade with it. For the public to be a part of this IDO, they will be required to follow the guidelines stipulated in LOC’s website. This will reduce chances of being scammed or buying $LOC from other third party sites, which can set a different price to manipulate buyers.

From these guidelines, interested investors will join the whitelist, otherwise they will miss out. The whitelist will cater for both $POLS holders and non-POLS token holders. The plan is to include all interested investors and offer them the same buying opportunity or terms. 

The whitelisting exercise will help the project predetermine the interested investors and ensure that the target number has been achieved. In addition, it makes sure that the interested groups of people are not locked out in case the tokens are in high demand. The deadline for filling the whitelist form will be (). In case the numbers are not enough or are too many, further details will be communicated on how they will all participate in the IDO.

LOC will offer () $LOC tokens at a price of (). The IDO is targeting to raise () ETH with individual investors limited to only invest a maximum of (). The purpose of setting a maximum investment amount is to ensure that a small number of investors does not take control of the tokens and influence the market in their favor. It will also allow a more balanced public participation.

$LOC Tokens Use Cases

The $LOC token fuels game economics on the LOC platform. It has different uses such as staking, rewards, governance, payments, and change of features. In many platforms, staking is the main use of tokens. On this gaming network, holders of LOC have the opportunity to stake their tokens in pools for a chance to receive NFT airdrops. The NFTs on this platform are very rare and can earn holders a big amount in crypto. LOC plans to add other DeFi staking elements in future, which stakers can benefit from.

LOC also employs pay-to-play as a method of encouraging players to be more involved on the platform. The more they play, the more rewards they will receive in the form of $LOC tokens. Players who buy NFT cards and deck on the LOC marketplace will receive kickback in $LOC. LOC’s NFTs are designed in-house to ensure they are aligned with the platform’s game play and the prevailing themes. 

LOC also has a governance feature whereby $LOC token holders can propose game changes, request new features, request new editions of cards or be elected in the LOC Council. Token holders have to hold and stake a certain number of tokens in order to participate in each of these governance activities. This gives them power to contribute to the platform’s future. 

LOC is planning to include a function with the provision to add or change certain features in very rare cards. The purpose of this function is to make the already rare cards even more unique and encourage players to stake their tokens for a chance to receive these NFTs. Users can also pay with $LOC to receive discounts on NFT cards, decks, boost factors and more.

Why DAOMaker

DAOMaker defines itself as a protocol built for cross-chain token pools and auctions, enabling projects to raise capital on a decentralized and interoperable environment based on Polkadot. DAOMaker allows cryptocurrency projects to raise funds by setting up a swap pool based on a fixed purchase rate for tokens. A project and its investors have increased transparency over the amount of money raised and tokens sold on DAOMaker. Launching on DAOMaker provides projects with the ability to buy and sell easily on the market. Therefore, there is immediate liquidity which can benefit a token’s price.

Conclusion

This IDO is a way of allowing the public to be a part of the LOC community. In order to participate, interested members are encouraged to fill out the whitelist form and keep up with social media channels like Twitter, Telegram and the official website where major announcements will be made. 

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