BlockTalks x League Of Ancients AMA Transcript!
We recently hosted an AMA with League Of Ancients, on November 28th at 12 PM UTC. Many of you might have participated or many of not. But we make sure no one missed out from the knowledge shared by Dwayne, Project Lead at League Of Ancients So here we are up with the AMA transcript, for those who missed the live session, this blog post will be a saver & feeder of knowledge for them.
Introduction Questions Asked By Team BlockTalks!
Q1. Could you please introduce League Of Ancients to our community in layman’s term?
Ans — League of Ancients is a MOBA NFT game inspired by DoTA 2 and League of Legends. The aspiration behind it is to create an engaging community with a thriving economy; focusing on free-to-play and play-to-earn mechanics by leveraging on the blockchain technology.
Q2. What are the advantages of League Of Ancients to the other alternatives in the Blockchain field?
Ans — With LOA, it’s a zero barrier entry model where anyone can play and progress in the game with no upfront costs required. The reason for this is to change the way play to earn game works and to provide all players an opportunity to enjoy the game and earn a living anytime, anywhere and on any mobile device. Not forgetting, we want our community members or players to have full ownership of their assets in game which I believe will make a difference in LOA’s evolution
Q3. What are the major milestones League Of Ancients achieved so far & what are in the future pipeline?
Ans — It was truly a humbling journey, but I’m really proud of the team on some of the achievements such as having a community on telegram with 127k members in such a short period of time. Not only that, we had an oversubscription of 100x during our pre sale in only 35 minutes and that’s really something we’re glad the team’s effort is paid off.
Questions Asked on Twitter For League Of Ancients Team!
Q1. Many games based on Blockchain and Play to Earn, have been closed, abandoned or broken, causing users to lose their money. What is your strategy to ensure long-term sustainability and fair rewards to League of Ancients players? Why Should Players Confidently Invest in LOA?
Ans — Setting clear expectations and a conducive tokenomics to ensure we have real fans and community members who are constantly anticipating for the game launch. In order for this to be a reality, we aim to underpromise on our milestones key objectives such as pre sales which we have proven how strong our team has been working on this project to provide confidence to stakeholders such as community members, investors, and hopefully someday to see the general public recognising our project
Q2. I was observing that soon you will have the sale of the NFTs. So, could you tell us what would be the price that these NFTs will have? Since League of Ancients is a F2P game, what will be the benefits of buying these NFTs instead of playing the game itself for free?
Ans — Yes! If you look at our whitepaper, there is a write up on the breakdown of our NFT Sales.
We’ll be having 4 sets of NFT Sales coming this December.
NFT Sales 1 — Beta Capsule
NFT Sales 2 — Alpha Capsule
NFT Sales 3 — Genesis Capsule
NFT Sales 4 — Immortal
With our NFTs, it has multiple utilities such as staking mechanism which allows users to stake their NFT to earn LOA tokens in return. In addition, different rarity NFT skins will generate different higher rewards to earn LOA tokens and of course it will allow owners to trade it on marketplace.
Q3. Besides being a FREE NFT MOBA, what is new about this game? Why choose League of ancients and not another game? Why should new players be interested in the game?
Ans — Currently at this pace we’re growing, we’re exploring new avenues and opportunities for LOA to be exposed to different segments of communities beyond the crypto/NFT space which we’re pushing ourselves to go beyond just being a MOBA NFT game such as maybe being a native currency for the eSports industry.
Also new players should be interested because we’ve only announced 10 heroes so far, and we’ll be seeing more of it in the future
Q4. I understand League Of Ancients is a Free-To-Play,Play-To-Earn NFT Moba Game. I would like to know how a Moba Game could be linked with blockchain technology? Do you think League Of Ancients will have what it takes to compete with traditional Moba games like,Dota,Mobile Legend etc?
Ans — That’s the beauty of blockchain where we’re so used to having an institution that controls majority of the pool of funds/economy and our goal is to have a decentralized ecosystem which gives an opportunity for everyone to be an owner of their assets such as NFT skins. I believe we’ve been focused on competing with ourselves because when we’re focus on getting better everyday, that keeps us grounded and drive us to better ourselves in what we do rather than focusing on trying to outperform what others are doing. With the right work ethics and focus, i believe we can achieve a lot more than what we currently know.
Q5. I find it interesting that in LOA there are Capsules called Genesis, Beta and Alpha. So, could you tell us what are the functions that these capsules will have in the game? What differences do they have and in what ways can we obtain them?
Ans — In the NFT Marketplace, users are able to obtain LOA Capsule through raffle events which then gives participants a chance to win random LOA capsule to unlock our NFTs. In specific Beta and Alpha capsules will allow users to unlock different rarity of NFTs which will then allow users to earn LOA tokens depending on the rarity of skins
Questions Asked by our BlockTalks Community Members during live Session to League Of Ancients Team!!
Q1. LOA Can players and teams create forums or communities, to interact and inform fans about the latest in the world of eSports? can communities be encouraged to participate? Do we have to be holders of the LOA token in order to create our own moderated community? Can we encourage user participation in our community through content monetization?
Ans — Yes we actually gotten really supportive community members coming to ask and proposing to us about such plans and we really appreciate these effort by them and this also encourages us to up our ante in making sure we work harder for the community members. Definitely something we could explore, you may reach out to our Community Manager @junloa on this.
Q2. LOA Has Done partnership with GD10, Kirin fund, Dutch Crypto Investors and etc , what is LAO expectation from these partnership? Do you plan to establish this and larger partnerships? Will you be announcing a larger partnership soon?
Ans — In regards to partnerships and marketing, definitely we’re exploring on different avenues for us to be recognised internationally. A lot of communication with strategic partners are still ongoing and we’re really excited on what’s ahead of us. Stay tuned for more exciting news!
Q3. Can you explain more about NFTs and these NFT utilities within the platform? Are they intended to be kept as a simple collection, or do they have additional benefits? Also, do you have your own marketplace for buying and selling “LOA Official MOBA” NFTs?
Ans — Great question on our NFT! As highlighted earlier, we have multiple utilities for our NFTs such as staking, trading which allows buyers and sellers to trade their NFTs and ultimately we want to be able to provide an ecosystem for MOBA lovers to play a game they love while earning for their time and effort put in. At this point we’re still working hard to finalise the plans for our marketplace. We’ll be able to provide more concrete information by Q1/2 2022
Q4. Ambassadors play a very important role in every project, Do you have an ambassador program? If yes, How can I be one ?
Ans — Yes we’ve got ambassadors who has been really supportive with us from day 1 and if you’re keen to explore more on this, kindly reach out to @johnchinloa to have a chat
Q5. Most solid projects with token utility and good infrastructure but perform poorly because investors dumped after listing on the first exchange. How do you prevent early investors from dumping your tokens?
Ans — Personally having the right strategic partners and investors is key while having a good tokenomics and vesting period is crucial too. I still remember during the initial stages of communicating with private investors, my daily calendar has about 10–20 meetings per day to ensure we have the right strategic partners onboard to take us to the next level. Through these experiences, it has also helped me to learn more and coming up with ideas for the future plans of our project.