LOA Economy
Last updated
Last updated
League of Ancients Economy is composed of the NFT Marketplace , DEFI and In Game Economy that help sustain the development of the game. NFT market place where users trade and sell their skins to obtain rarer skins. Users can also stake other tokens to obtain $LOA tokens on the platform.
NFT MARKETPLACE: Where users can buy, trade and sell their skins.
DEFI/STAKING: Where users can stake tokens to earn more $LOA tokens. As we grow our network of partnerships, LP and several other tokens may become available for staking on the LOA platform
EVENTS: Players will have several ongoing opportunities to earn rare skins and extra $LOA tokens. These events include but are not limited to, raffles and E-sport tournaments.
Buyback and Burn Rules
80% of all profits across the platform will be used to buy back and burn with BNB. 20% goes to the team: contributing to the cost of long-term game development. As a result this will reduce the total supply of the token.
Buy backs and burns will be conducted by the tokenomics team manually when deemed necessary