More than 50% of European families have some investment in digital currency. The average European family sees crypto as a viable investment and savings option. This was discovered in several recent surveys conducted over different demographic areas. Despite the volatility of the crypto space, as recent events highlight, it has seen a continuous rise in new investors. More people are committing to crypto investments and many of them are taking steps to buy into the growing market. The flurry…
Last year the world came to know the high versatility of the non-fungible tokens (NFTs) in managing digital assets’ property. This scheme is becoming the following significant change in the gaming industry, with more and more companies entering the market.
Legends Battle is a new initiative in the blockchain ecosystem to build a new Play-to-Earn (P2E) experience for gamers. In addition, legends Battle wishes to create a virtual in-game active economy by adding a Multiverse dimension to the project.
This review will impartially analyze the main feature of this new project, giving the essential details on the matter to the readers. Considering that the development work is still ongoing, we will watch Legends Battle over the following months.
What is Legends Battle?
Legends Battle is a new online decentralized gaming project, letting users create NFT characters and use NFT equipment. We can summarize the main features of the game as follows:
The game economy
Legends Battle combines the gaming experience with the P2E mechanism, letting players compete for rewards. The project comes with its native token, named LBT, serving as the fuel of the whole system.
LBT is deployed on the Binance Smart Chain (BSC), and gamers can use it for on-chain payments, exclusive NFT sales, and many more operations. In addition, the game lets anyone holding LBT buy NFT properties on the online marketplace of the ecosystem.
How does Legends Battle work?
To access the Legends Battle world, users need a wallet working with the BSC network, a fundamental step to conclude in-game transactions. The client system is based on the Unity game engine, and, through WebGL technology, developers claim that the online browser game is easily scalable.
Once users log into the game, the system will automatically connect them to a proxy server. The project’s virtual world is composed of several cities, making it a Multiverse experience. After entering the game, users can join fights and contact their friends to create groups of online players.
The project’s tokenomics
Each LBT transaction comes with an 8% tax, serving the following purposes:
- Buyback: a 2% transaction fee allows gamers to buy back LBT, introducing a classic long-run deflationary force in the system
- Reflection: another 2% of the transaction fee lets LBT holders benefit from token reflections
- Liquidity: in order to enhance the liquidity of LBT, 2% of the fee is sent to decentralized exchanges (DEXes)
- Marketing: since the project’s owners plan to develop a long-term marketing strategy, the remaining 2% of the transaction fee will serve this purpose.
The team claims that the project’s liquidity will be locked for 11 months following the pre-sale phase. In a world where rug pulls are still too frequent, locking liquidity is seen by the market as a further guarantee over the seriousness of a new crypto project.
NFT farming and marketplace
By staking the NFTs available in the Legends Battle ecosystem, gamers will be able to obtain LBT in exchange. Furthermore, the project comes with an in-game NFT marketplace, letting users sell and buy NFTs through the use of LBT.
The developers are following a roadmap that will see its conclusion by the end of 2022. The project’s activities are divided into four phases:
Phase 1 – Q1 2022
By March 2022, we will see the completion of the first steps to launch the project. Among the main milestones, we can mention that LBT will be listed and go through a pre-sale phase.
Phase 2 – Q2 2022
The second quarter of the year will start with a high focus on the game development work. More specifically, developers will design the 3D modeling part and build a Proof-of-Concept system.
Phase 3 – Q3 2022
While the second phase will see the realization of the game development’s main skeleton, the project will enter a more mature stage in the third quarter. Among other things, developers will introduce a DAO governance to let gamers vote on future steps of the project and event themes.
Phase 4 – Q4 2022
Finally, the PVP (or “Player vs. Player”) functionality will be ready for deployment, and the Proof-of-Stake system will reduce playing fees.
Final thoughts on the project
Although Legends Battle is still a project under development, its main features are already known to the market. The team promises to create a decentralized system controlled by its community. The relationship between Metaverse and blockchain appears to be one of the main innovations in this sector, with a growing number of new projects exploiting this technology.
Legends Battle has an active community on Twitter, Telegram, Reddit, and Discord. Through these channels, it will be possible to receive news on future project developments.
Disclosure: This is a sponsored post. Readers are encouraged to conduct further research before taking any action. Furthermore, Crypto Adventure does not endorse any crypto projects cryptocurrencies listed, mentioned, or linked to on our site. Trading cryptocurrencies is a highly risky activity that can lead to major losses. You should consult your financial advisor before making any decision. Learn More