Kuala Lumpur, Malaysia May 31st, 2022 (1pm UTC) – Crypto MOBA game League of
Ancients, has officially kicked off the first phase of its official NFT Marketplace launch, 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 into players hands by enabling them to earn income from playing games.
Revolutionising the MOBA game industry
The MOBA game industry’s player base numbers over 300 million worldwide. Even so,
99.99% of the existing global player base generates NO income from the sport. Unlike
existing mobile MOBA giants Moonton and Riot, Mithotech offers a free-to-play and
play-to-earn model on the blockchain that allows anyone to start playing League of Ancients, thus creating a rewarding endeavour instead of just a usual hobby. Now everyone—not just the salaried pros—can earn from playing the game they love.
Best of all, all NFT skins and in-game items will be 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 from existing crypto-based games with its
free-to-play model. This means that players do not need to purchase and own an NFT to
begin earning. However, there are considerable advantages to owning its NFT skins.
After the game’s NFT marketplace launch this month, players can begin minting the
extremely limited quantities of hero skin NFTs, which provide players with superior earning
power as well as minor in-game perks. Once the supply of NFTs for a specific hero is fully
minted, a substantial increase in value is expected due to scarcity and the sheer size of the
overall MOBA market.
Thereafter, the only way to own one is to win raffles or purchase one secondhand from
League of Ancients’ NFT marketplace. To date, over 180,000 NFTs—over half the existing
supply—have already been sold in presale events held prior to the launch of the marketplace.
A balanced and transparent economy
All transactions on the NFT Marketplace will incur a fee of $LOA tokens; 80% will be
channelled back to the community while the remaining 20% will be reinvested into game
development and operating costs. This enables the value of the $LOA token to be
On top of buying, selling, and trading skins, players can also participate 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 begin farming $LOA tokens in preparation for the other marketplace features and impending game release, which is currently scheduled for Q4