Legends Battle: The New Blockchain-Based P2E Gaming Network
Legends Battle is a play-to-earn decentralized gaming ecosystem that provides gamers with a chance to earn money. The network combines NFT, Defi token, and the concept of Gamefi. According to the platform's team, the Legends Battle network is solely governed by its community.
Generally, the Legends Battle network allows gamers to control the assets they have won through their hard work. Basically, by leveraging the tools available in this network, you can trade, exchange and earn income based on your assets.
The game follows the concept prevalent in the gaming industry, battle and earn. Your character will go against a host of different enemies to win. For every round won, you get various in-game assets and stand a chance of earning rewards.
The LBT Native Token and Tokenomics
Within the Legends Battle network, there is a native token, dubbed LBT, that fuels services within the game and the platform at large. The token helps in different activities, including providing rewards to the investors.
The network has also set unique tokenomics and reward systems focused on the LBT token. First, it charges an 8% tax on every transaction. The network distributes the 8% tax as follows;
Buyback Fee
Legends Battles charges a 2% transaction fee to enable users to buy back the LBT token from circulation. The fee will help make the token fully deflationary in the long run.
Reflection Mechanism
The network has a reflection mechanism that intends to reward all the holders of the LBT token. 2% of every buy and sell transaction will be reflected in the wallets of all token holders. As the platform gains adoption and transactions increase, so will the rebates.
Liquidity
2% of the total transaction will be used for liquidity. The amount will go to DEXes to strengthen the liquidity of the token.
Marketing
Accordingly, this platform is setting up a commitment for its long-term growth. 2% of the transaction amount will go to the marketing of this entire project. The marketing amount will help speed up the adoption of this project.
Features of The Legends Battle
NFT Farming
One of the major features defining the Legends Battles ecosystem is the NFT farming mechanism. The NFT Farming mechanism allows you to stake the NFT assets available in LegendsBattle. Basically, after staking the NFTs, the results will be LBT tokens after every block.
Play to Earn
You can defeat invaders and win valuable in-game collectibles. As you hold the assets, you increase the strength of your character in the subsequent Battle. The advantage is, gamers will sell the collectibles to earn more LBT tokens.
Marketplace
The network has a native marketplace that allows people to buy and sell NFT using LBT tokens. This marketplace is decentralized; therefore, anyone can participate, buy and sell NFTs.
Deflationary Token
On top of the other features, the network token is deflationary. It charges an 8% tax for every transaction. Moreover, 2% of the transaction fee will help purchase the LBT tokens from circulation.
Community Governance
The Legends Battle network intends to completely decentralize its services. According to the network's website, the Legends Battle's developers will adopt the community governance through DAO. Token holders will vote on different aspects of the game.
The Team and Partnerships
The Legends Battle game has a team of 6 programmers and developers. The developers have an interest in gaming, and thus they came together to create this community-focused game.
Accordingly, the team consists of 3 artists. The artists are experts in design, models, and illustrations. There is also a game designer who has had a good background in the industry for years. The combination of experts in different fields could help the network achieve its objective of creating a good gaming experience.
On top of the team, the Legends Battle game has also made partnerships with other crypto networks. Among the main partners are Solidproof, Unicrypt, Poocoin, Coinmarketcap, Coingecko, Pancakeswap, and Binance. These strategic partners will help the network in the following ways;
Auditing and KYC of the project for security by Solidproof
Marketing partner Unicrypt through the launchpad
List the LBT token on the partner exchanges
Merits of Legends Battles
The Legends Battles gaming network is launching for the benefit of the average gamer. It comes with the following pros;
Various ways to earn income include play-to-earn and NFT farming
The Deflationary token is a good store of value
Their large team of experts will help provide a good gaming experience
Once the platform fully launches, gamers will have more insight into its cons and benefits.
Final Word
The Legends Battle network is a play-to-earn blockchain-based gaming network that provides NFT staking, P2E, and Defi token-related services based on the BSC. All its services are geared towards optimizing the incomes of the average investors.
Aside from the income mechanism, the network also focuses on long-term sustainability. The tokenomics set aside some funds for marketing and ensure the token is deflationary. In fact, for the long term, Legends Battle has a roadmap of what they aim to achieve.
Contract auditing, presale, and KYC will all happen in the first quarter of 2022. In the subsequent quarters, game developments and testing will begin and the DAO governance system. The game will have player versus player and other game modes to bolster the experience in the long term. To see the developments as they unfold, please follow Legends Battle on the social media pages below.
Twitter: https://twitter.com/legends__battle
Reddit: https://www.reddit.com/user/legendsbattle
Medium: https://medium.com/@legendsbattletoken
Discord: https://discord.com/users/legendsbattle#9968
Telegram: https://t.me/LegendsBattle
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.