Dwayne is the perfect example of a DeFi project leader. Himself a crypto enthusiast and entrepreneur, he has extensive previous experience in multiple startups in many industries including oil and gas, proptech, and crypto projects.
Dwayne also has a strong background in finance. A professional with a degree in Bachelor of Engineering (BE focused in Electrical and Electronics Engineering) he is very experienced with working in a fast-paced and innovative environment.
Add to this the fact that he is a true advocate for blockchain technology and cryptocurrency, and you have the perfect pioneer for the future of DeFi. Korea IT Times spoke with Dwayne about how League of Ancients works, common blockchain problems addressed, how earning works in the LOA ecosystem, and what’s up-coming for the project.
Can you tell us a little more about the play-to-earn model of League of Ancients?
It’s a very simple model. Every game that our players play, regardless of normal match, NFT match (also known as ranked mode), or even tournaments will reward them with our in-game currency. This currency can be converted into our primary token, $LOA in the BSC network.
How are smart contracts audited on the platform?
We have engaged pretty reputable smart contract auditors such as Certik and Callisto to audit our smart contracts after developing it. Any issues will have been highlighted by the auditors and our developer team will fix it through multiple testing phases to ensure reliability and accuracy before deploying the smart contract live.
Blockchain-based games like Crypto Kitties suffered from huge Ethereum gas fees. How is the LOA network protected from these kinds of events?
We have a team of analysts who actually gave a projected forecast towards the Binance Smart Chain’s potential gas fees in the upcoming years and concluded that BSC network gas fees will be affordable for millions of users in the long run.
The majority of eSports players do not generate an income from the sport. Do you think LOA will set the stage for a complete renovation of this industry?
Great point! If you look at how the current situation we’re looking at, only 1% of the top tier esports players are able to generate some form of income whereby the balance of the 99% are just barely making it. Hence, we’re trying to provide an equal platform for all players a chance to make it worthwhile for their time spent playing games. This is also one of our missions for this project which we’re still very much focused on.
How does yield farming and token staking work within the LOA ecosystem?
Our yield farming feature will be available in our NFT Marketplace during Q2 2022. Users are required to deposit $LOA tokens or pair it with other cryptocurrencies through our Ancient Realms Liquidity Pool. All staked LP Tokens in the Liquidity Pool will be used as a measurement to determine the amount of $LOA Tokens to be airdropped on a daily basis for each user.
What are LOA ‘Capsules’ and how are they obtained?
Owners of these capsules can decide to sell them in the NFT Marketplace or open it and unleash the power to obtain one NFT Skin, which is based on the type of capsule shown below.
What’s next on the League of Ancients roadmap?
We’re looking forward to our NFT Marketplace BETA launch and possibly launching the full fledged marketplace by Q1 2022. In which, users will be able to mint their NFTs as well as trade with other users who has other NFTs from the selection of available heroes.
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