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4. Legends of Elysium Token

4.1 Token Summary

Core of Legends of Elysium token economy is powered by digital assets called $LOE tokens, ERC20 tokens created, issued, and distributed by the project. In addition to premium currency – $LOE token, the game offers a soft in-game currency called Elytronite, which will be utilised concurrently in various activities, e.g. levelling up a hero, crafting a new card etc. More information about Elytronite was described in section 2.4.

The primary purpose of the $LOE tokens is to enable an in-game currency and governance. Players can use $LOE to make a purchase of an object from the marketplace or in-game store, mint a new card, stake, or borrow a NFT and vote in the governance on important game decisions and direction of game development.

$LOE will be built on EVM compatible blockchain such as Polygon. As technology evolves, $LOE token will become available on multiple blockchains. Our token will also be distributed to players as a reward for completing achievements and daily quests, competing in League and cyclical eSports Tournaments, and few more described below.

4.2 Utility

Introduced in Legends of Elysium game $LOE tokens will have the following utilities:

  • purchasing of Standard, Enchanted and Divine Card Packs and game Boards
  • upgrading Hero Level once they reach required experience
  • staking tokens in Mines to gain various bonuses
  • paying for transactions in the Marketplace and in-game Store
  • crafting new Cards from Elytronite and LOE tokens
  • receiving rewards from staking NFTs
  • paying rental fees for borrowed NFT cards
  • voting in the governance of Legends of Elysium
  • buying Tickets to participate in eSport Tournaments and paying entry fees for Battlefield mode
  • receiving rewards from Achievements

4.3 Sale

The Company will not have access to wallets or public addresses belonging to investors who will hold $LOE tokens purchased during the sale.

4.4 Use of Funds

4.5 Distribution

There will be a fixed supply of 200,000,000.00 $LOE tokens. Tokens will be allocated to the following areas.

Treasury is a large pool of 52,000,000 $LOE tokens (26% of total supply), which are reserved for the pay-out of Play-And-Earn rewards. These tokens will unlock over 36 months following the game launch, which is estimated to occur in the second half of 2023. More details regarding Treasury distribution have been explained in the 4.7 section.

The Ecosystem and Development pool will have 10,000,000 $LOE tokens allocated, that will unlock over 36 months after the 3 month cliff. The purpose of this pool is to support further development of Legends of Elysium, that includes and is not limited to adding new features such as: new Races, Classes, Boards and Adventures; covering maintenance and other game related costs; etc.

There are 10,000,000 $LOE tokens (5% of total supply) allocated to the Marketing pool. They will be used to promote Legends of Elysium in the cryptocurrency and gaming scene and bring bigger awareness of eSports. Through this, we expect to acquire new active players, build a strong community and increase brand visibility.

Advisors enabling partnerships and providing support will be rewarded from the Advisor pool.

Team tokens are designed to incentivise the core team and acquire new employees. This pool will unlock over 24 months after a 6-month cliff from the TGE.

Airdrop pool will be used to reward community members who meet specific criteria, to be announced in the future.  For example, early adopters and players of the Legends of Elysium game may be rewarded for their activity and support of the game ecosystem. Additionally $LOE tokens from this pool, may be used to fund Staking and Liquidity Farming in the early stage following DEX listing.

Liquidity pool will be used to fund all aspects related to liquidity, such as providing liquidity on CEX and DEX exchanges.

4.6 Schedules

To ensure sustainability and incentivise long term growth, the anticipated circulating supply schedule of $LOE has been designed as illustrated below.

4.7 Treasury

Play-And-Earn enables users to monetise time spent on entertainment and exchange assets obtained, created, or purchased in the game. In Legends of Elysium players will be able to earn $LOE tokens in various ways, such as daily and weekly quests, one-time achievements, being ranked in a premium position in weekly league competition, winning tournaments and few more. Earned tokens can be used in game, to enhance your hero and become even more competitive, or traded on exchanges for other assets.

Initial Legends of Elysium Treasury has 26% of the total supply of $LOE tokens. Tokens will be gradually released to players over time. The number of tokens earned by players depends on various factors.

Players will generate the rewards from:

  • completing the daily quests and achievements
  • reaching eligible position in weekly ranking
  • winning cyclical eSports Tournaments
  • staking NFTs
  • owning a level 1 or level 2 Board

A considerable amount of tokens spent on in-game transactions such as: buying items in the marketplace, paying for the entry fees to the Battlefield, purchasing Tickets for Tournaments, or purchasing new single player Adventures, will be automatically transferred to the treasury pool following uniquely designed delayed gratification mechanism, making it self-sustainable in the long-term.

Game Treasury is divided into several pools, which are described below. Future development of the game and implementation of new models, such as Guild Wars, may result in adding new pools, changing the percentage distribution, or removing one of existing pools to ensure the self-sustainability and stability of the ecosystem.

Example:

There are 100,000.00 tokens going into the Treasury each day. Of this:

  • up to 30,000 tokens are distributed to players who qualify for rewards based on their hero level
  • up to 20,000 tokens are distributed to players who own Boards, of which 6,666.67 tokens are distributed to players with level 1 Boards, and 13,333.33 tokens are distributed to players with level 2 Boards
  • up to 15,000 tokens are dedicated to the NFT staking pay-out
  • up to 15,000 tokens are accumulated in the weekly pot, so after one week 105,000 tokens will be divided among the top players based on their ranking
  • up to 10,000 tokens are accumulated for the monthly tournament, where the top players will receive a maximum of 300,000 tokens
  • up to 10,000 tokens go to the Treasury as a reserve

Additionally, 1% of the in-game transactions will be diverted to the separated pool, before the tokens are distributed to the Treasury. Through governance voting, the community may decide to burn the tokens creating a deflation process in $LOE total supply.

The pool will be mainly powered with:

  • 1% from the purchase of Boards
  • 1% from the purchase of Packs
  • 1% from Card production
  • 1% from the purchase of Tickets for Tournament
  • 1% from the purchase of Adventures