Legends of Elysium Token Distribution Demystified
Welcome back folks! Today, I am beyond thrilled to share details about a groundbreaking game that’s taking cyberspace by storm – Legends of Elysium, or as the insiders call it, “LoE”. In this article, we traverse the fascinating world of LoE token distribution that focuses on creating a rewarding ecosystem for players. If you’ve been stumped by the complex jargon, fear not! As always, I will break it down for you in simpler terms – Let’s dive in!
Legends of Elysium has created its own digital currency, known as $LoE tokens. Think of these tokens as the game’s currency, similar to how you would use money in the real world. The total supply of $LoE tokens will be fixed at a cool 200,000,000 – This is the equivalent of a central bank issuing a certain amount of money, only here, LoE is the game in charge! Now let’s discuss how these tokens will be assigned.
A major chunk (150,000,000 to be precise) of the $LoE tokens, accounting for 30% of the total supply, will be placed into the Treasury. This might sound like a royal vault, but it’s simply a reserve or a pool of tokens meant for play-and-earn rewards. The beauty is, these tokens will be made available over 36 months after the game launch, which is likely to happen in the latter half of 2023.
Next up, is the Ecosystem and Development pool. This pool, encompassing 65,000,000 $LoE tokens, is designed for the ongoing growth and expansion of the game. To put it simply, it’s like a funding reserve that supports new features, maintenance, and other game-related costs. Think of it as a reinvestment into the game to improve player experiences and make the game more engaging.
The Marketing pool will be allocated 40,000,000 $LoE tokens. It is a dedicated fund to boost LoE’s visibility both in the gaming and cryptocurrency scenes. The goal is to attract new active players, grow a robust community, and enhance the game’s overall prominence. It’s the tool to spread the word about Legends of Elysium far and wide.
Another portion of the $LoE tokens goes to the Advisor pool. This is meant as a reward for advisors who help form partnerships and provide helpful support. Think of it as a thank you gift for their contributions to the growth of LoE.
Team tokens are exactly what they sound like – tokens set aside for the core team of LoE. These serve as incentives for the team and to attract new talents. These will be made available over 24 months, following a 6-month hiatus from the Token Generation Event (TGE) – This is effectively the birth of the $LoE.
The Airdrop pool is a reward system allocated for community members who meet certain criteria. This could include early adopters and dedicated players of Legends of Elysium. Additionally, these tokens may be used to fund staking and liquidity farming – think of this as a way to tap into the potential to earn more tokens, designed to encourage more engagement within the game.
Lastly, the Liquidity pool is dedicated to maintaining the financial stability of the game. It supports token activities on both Centralised and Decentralized Exchanges, or as they are commonly known, CEX and DEX.
Now, wasn’t that a joyride? Look out for more fascinating gists about LoE in the upcoming posts. As always, I can’t wait to join you in exploring the captivating world of Legends of Elysium. Game on!