Dragons have landed on Poloniex! What is Lord of Dragons ($LOGT), the blockchain MMORPG?

Introduction

Beware user, here there be dragons! Lord of Dragons is a new MMORPG (Massively multiplayer online role playing game) that is bringing fun back to Play2Earn blockchain games. The game is built by Sotem Mobile, the studio that is responsible for other mobile games such as Dragon Raja, Dragonica, and East Legend.

In recent years, the mobile gaming market has experienced rapid growth. This can be attributed to the simple fact that phones can handle more sophisticated games as their capabilities improve, as well as the Covid-19 pandemic, which accelerated the trend of more people spending time at home and/or working remotely. Because of this trend, Lord of Dragons will be a mobile game first and foremost.

With the “2Earn” movement gaining momentum with projects like Axie Infinity, Mines of Dalarnia, Stepn, or Walken, there has been an increased call for improvement not only in the tokenomics of blockchain-based games, but in the quality of the games themselves. This is part of the LOD team’s vision, and with 20 years of experience in the gaming industry, LOD is well-positioned to bring that vision to life.

TL;DR

Lord of Dragons is a blockchain-based play to earn MMORPG. Think World of Warcraft with items that you truly own. Instead of merely making the gaming experience monetizable, the team behind Lord of Dragons is out to make it fun as well!

How does Lord of Dragons work?

Lord of Dragons is a blockchain-based game, which means it is built with smart contracts. For LOD, the blockchain of choice is BNB Chain. An MMORPG, Lord of Dragons allows players to interact in its virtual world that has its own history and continues to evolve even when players are not actively playing the game.

Players can customize their character which they then use to traverse the world, complete quests, fight enemies, collect loot and so on. And since everyone shares and populates this world, they can also interact with each other, form teams, or fight each other! Quests can reward players with in-game items and tokens, and as a player upgrades their character, they can earn more items and coinage as well as take on more challenging quests.

Now, let’s cover what it means that Lord of Dragons is a Play2Earn game, and the tokenomics that come with it.

Play2Earn

For a more in-depth look at Play2Earn concepts, check out our article on GameFi!

The concept behind the term Play2Earn is pretty much what it sounds like: Players complete quests, fight bosses, and win against other players in order to earn a game’s in-game currency. In-game economies have existed for quite some time now outside of Web3, but the problem was always the value they presented in comparison to how much time players put into playing. With more robust economies and the use of cryptocurrencies, blockchain-based games are able to offer true monetization of one’s gaming experience.

Take Axie Infinity for example. In this game, players trade, breed, and battle with Axies, the creatures that populate the game’s universe. NFTs (non-fungible tokens) are used to express one’s ownership of any given Axie. And as you can imagine, the more powerful or unique the Axie, the more valuable the NFT. And of course NFTs can be traded, so this value exists outside of the game. And with advancements in areas like the metaverse, in-game items may not only be bought and sold, but also USED outside of their original game. It’s understandable if you want to pause on that last sentence there for a moment. With concepts like these, your imagination is truly the only limit.

Of course, as mentioned earlier, many blockchain games so far are overly focused on the monetization portion of gaming, and not enough on why people really play games: the entertainment factor. So while the LOD team builds out the token economy of the game, it is also building out the in-game world, the lore, the look and feel, and the overall storytelling that makes an MMO worth playing.

⚔️The game

Lord of Dragons follows many conventions of classic MMORPG games: there are various classes and character customization options that players can choose from. Weapons and armor are upgradable through completion of quests and also purchase in the LOD Marketplace.

The game features two in-game tokens, $LORT (Lord of Dragons Reward Token) and $LOGT (Lord of Dragons Governance Token). Players can use tokens to cash out, buy items, or use the lottery system to get items like skins, weapons, etc.

$LORT is a basic reward given to players for completing quests and can be used to upgrade items like weapons.

$LOGT is the governance token of Lord of Dragons. It uses the ERC-20 protocol. Aside from the initial distribution of the token, players and guilds with a high rate of character growth and a high standing in player rankings will receive the token. The idea here is that players that spend a lot of time playing the game will have its best interests in mind and will know which decisions will enhance the game when it comes time to vote on various changes with their tokens. Holding $LOGT also comes with various unspecified benefits within Lord of Dragons.

Lord of Dragons will be free to play, and is available to download via an APK and app player on the LOD website.

What’s on the horizon for Lord of Dragons?

The game has completed its closed beta test and now has an open beta version of its game available for download. Its marketplace is also live, with certain future features pending.

The official game launch is slated for sometime in Q1 of 2023, and will be followed up by features such as a leaderboard system and rewards for top guilds and users.

How to acquire $LOGT outside of Lord of Dragons

$LOGT is available on multiple exchanges like Poloniex! You can acquire $LOGT through trading a USDT/LOGT trading pair.

Feeling ready to get started? Sign-up is easy! Just hop on over to https://poloniex.com/signup/ to start your crypto journey🚀

🐉Dragons have landed on Poloniex! What is Lord of Dragons ($LOGT), the blockchain MMORPG? was originally published in The Poloniex blog on Medium, where people are continuing the conversation by highlighting and responding to this story.