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Binance NFT Marketplace Launches “Genesis Dragos by League of Kingdoms” NFT Collection via the Subscription Mechanism
Binance NFT Marketplace is excited to present the “Genesis Dragos by League of Kingdoms” NFT collection! The launch of the collection will follow the BNB Prerequisite feature, as part of the Subscription Mechanism.
What is League of Kingdoms?
League of Kingdoms is an MMO strategy game, fully owned and powered by users with a unique NFT economy, using the Ethereum blockchain for transactions and governance. The gaming experience happens in the Genesis continent, where all lands are owned and governed by players. League of Kingdoms offers strategic and social gameplay where users can own, join, and develop alliances while enjoying daily rewards for their contribution to the development of the continent.
“Genesis Dragos by League of Kingdoms” NFT Collection
In the Genesis Dragos by League of Kingdoms NFT collection sale, users may stand a chance to purchase either a Normal Egg or a Legendary Egg. Each NFT Egg is priced at 100 LOKA.
- Normal Egg: Dragos from Normal Eggs shall have two normal parents (No legendary part guaranteed)
- Legendary Egg: Dragos from Legendary Eggs shall have one legendary parent and one normal parent (At least one legendary part guaranteed)
Users can hatch the NFT Egg to meet their Drago NFT! A Drago NFT is a dragon-like creature that the League of Kingdoms player can breed, hatch, and deploy across gameplay. Users need to have a Drago NFT to acquire gems and subsequently the tokens.
The Drago NFTs can be used to unlock various League of Kingdoms play-to-earn game features, such as Dragon Soul Amber, a special gem used to forge League of Kingdoms’ in-game token, and also serve as the key to enjoy various upcoming mini-games to be launched on League of Kingdoms.
Players will be able to bring their Drago NFTs along with their troops during the gameplay in order to enjoy play-to-earn opportunities. In the near future, Drago NFT holders will have the ability to obtain new Dragos through a breeding system.
Subscription Mechanism Timeline and Details
1. Preparation Phase: 2022-06-13 00:00 (UTC) to 2022-06-15 02:00 (UTC)
Users are required to meet the minimum daily average BNB holding of 0.1 BNB during the Preparation Phase, to be qualified to participate in the corresponding NFT primary sale.
2. Subscription Phase: 2022-06-15 02:00 (UTC) to 2022-06-16 09:00 (UTC)
Qualified users will proceed to the subscription, where they will be allocated participation tickets to join the sale. Each qualified user will receive one participation ticket, as determined by the corresponding NFT primary sale.
During this phase, users are required to subscribe their participation ticket to the sale, by clicking [Subscribe for Ticket(s)]. Only users who subscribe by committing their tickets will be qualified to participate in the sale.
After users subscribe to the NFT primary sale, all committed participation tickets will enter a pool, where all committed tickets have a fair chance of winning. Each committed participation ticket will mean that 100 LOKA will be locked, and this will only be refunded at the end of the Distribution Phase. Please note that users can only use the available LOKA balance in their spot wallets to complete the subscription. Hence, users should ensure that they have sufficient LOKA in their spot wallets before committing their participation tickets.
3. Calculation Phase: 2022-06-16 09:00 (UTC) to 2022-06-16 12:00 (UTC)
The system will select winning tickets from all committed participation tickets in a fair and square manner. A winning ticket allows the user to purchase an NFT in the NFT primary sale.
4. Distribution Phase: 2022-06-16 12:00 (UTC)
Users who hold a winning participation ticket will be able to purchase an NFT in the NFT primary sale and the LOKA equivalent will be deducted accordingly. Users who do not hold winning participation tickets will have their LOKA automatically returned to their spot wallets.
Follow @TheBinanceNFT and @LeagueKingdoms on Twitter now for more updates on this NFT collection! For more details on the Subscription Mechanism, read our blog here and a detailed step-by-step guide here.
Learn More About Binance NFT Marketplace:
- How to Find Your NFT Contract Address
- How to Get Started with the Binance NFT Marketplace
- How to Buy an NFT on Binance NFT Marketplace
- How to Sell an NFT on Binance NFT Marketplace
- How to Deposit NFT on Binance
Terms & Conditions:
- Each account is limited to a maximum purchase of one “Genesis Dragos by League of Kingdoms” NFT Egg during the primary sale.
- Users can find their NFT via Binance NFT Marketplace > User Center > NFT Assets.
- After the Distribution Phase, users may list their NFT on Binance NFT Marketplace’s secondary market for sale.
- Users have to complete KYC in order to list and trade NFTs on the Binance NFT secondary market.
- Binance reserves the right to disqualify any participants showing signs of fraudulent behavior immediately.
- Binance reserves the right to disqualify trades that are deemed to be illegally bulk registered accounts.
- Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all Participants shall be bound by these amendments.
- Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Disclaimer: NFT trading is unregulated and subject to high market risk. Please make your trades cautiously. There may be no recourse for any losses. You understand and agree that your access and participation in this activity is at your own risk. Binance NFT Marketplace does not give any advice or recommendations regarding your NFTs.
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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.