NFTs have added a new dimension to the crypto space, and Legends of Crypto (LOC) is one of the most anticipated NFT projects currently in its initial market penetration phase. It aims to become a gaming ecosystem that bridges the crypto gaming community and traditional gamers, leveraging DeFi and a DAO governance model to offer a unique collect-and-earn experience.
Overview: A Crypto-Themed Trading Card Game
Legends of Crypto is essentially a collectible trading card game wrapped in NFTs, with a focus on the crypto industry and its prominent figures. The game is powered by the Ethereum and Matic (Polygon) blockchains. Matic powers the underlying DeFi economy, the game core, and the DAO governance model, enabling cross-chain playability, lower transaction costs, higher speeds, and a bridge to Ethereum. This dual-chain approach brings greater stability and efficiency to the LOC ecosystem.
Players who own NFT cards can earn rewards from prize pools. The integration of DeFi and DAO creates a sustainable gaming ecosystem. Characters in the game represent top blockchains, top cryptocurrencies, DeFi legends, crypto cities, and NFT legends. Notable figures include the Crypto Whale Investor and Binance's CZ.
Gameplay and Core Mechanics
The game is simple to play, operating as a top trump style card game. Each card contains six numerical criteria (innovation, dev skills, networth, community, impact, influence) scored from 1 to 100. Players choose a category and compare the highest card in that category to win. It supports 2 to 6 players in multiplayer mode. Players can stake their NFTs or $LOCG tokens to earn crypto or farm rare NFTs. All NFTs come with unique designs and rarity, tradeable on the LOC marketplace or third-party platforms like OpenSea.
The $LOCG Token: Multi-Purpose Governance and Reward Asset
The $LOCG token is the native cryptocurrency of the LOC ecosystem, with a capped supply of 150,000,000 tokens, compatible with both ERC-20 and Matic standards. Key use cases include:
- Play-to-Earn: Players earn $LOCG by actively participating in games via a pay-for-play model.
- Cashback: Purchasing NFT cards or decks from the marketplace yields $LOCG kickbacks.
- Staking: Stake $LOCG in pools to receive NFT airdrops.
- Governance: Holders can vote on game changes, suggest new features, and apply to join the DAO LOC Council (requires sufficient token holdings).
- NFT Customization: Token holders can modify certain features of the rarest NFT cards.
- Discounts: Paying with $LOCG grants discounts on decks and NFT cards.
Team and Investment
The team behind LOC includes Mik Mironov, Lise Lefebvre, and Mathew Sayed, backed by an advisory team with deep experience in NFTs, blockchain, and gaming. The project aims to create a decentralized gaming ecosystem that benefits the community at large. The private investment round was led by top blockchain venture capital firms including LD Capital, SL2, Signum Capital, NGC, and Moonwhale Ventures.
With a clear roadmap for 2021 and its unique gameplay, Legends of Crypto is poised to capitalize on the growth of NFTs. It's definitely a game to watch for anyone interested in the NFT space.