Legends of Mitra

Legends of Mitra

Tower Defense, Real Time Strategy (RTS)
Upcoming: Q2 2022
Developer
Gem Studios
Network
Platform
Community
Likes
0
Ok
0
Dislikes
0

Table of Contents

  1. About the Game
  2. Tokenomics
  3. Team
  4. Guides

About the Game

Legends of Mitra (LoM) is a multi-chain strategy defense game being built on the Klaytn, Cronos, Algorand, Wax, and Binance chain.
LoM is a free-to-play-to-earn game that rewards players anywhere in the world with MITA tokens and NFTs depending on their engagement and skills in the game.

The key difference between LoM and a traditional mobile game is the integration of Blockchain technology and the economic incentives designed into the game that reward players for their time, contributions, and efforts in the game. We call this “Human Mining”.

Another important difference is the NFT component of the game. All heroes collected for free or by purchase will completely belong to the owner. They can transfer, keep, or sell them on our in-game marketplace.

Compared with other blockchain games, our goal is to make our game user-friendly and simple to play. Blockchain is still a new and difficult concept, but we want to make a straightforward platform that everyone from kids to the elderly can enjoy. The idea is that a user can play the game and earn MITA and NFTs without needing to know the details of blockchain functionality.

Players can earn by:

  • Fighting and winning PVE battles.
  • Competing in PVP battles.
  • Joining Clans and winning Clan Wars.
  • Being top 10 on daily leaderboards.
  • Collecting, selling heroes & resources on the marketplace.
  • Staking MITA tokens for rewards.

Tokenomics

MITA token will be a cross-chain asset that will be available on Klaytn, Cronos, Algorand, and Binance chain. Players will be able to earn MITA through;

  • Play to Earn
  • Winning leaderboards.
  • Staking MITA.
  • Selling NFTs.
  • Participating in governance votes.
  • A total of 200,000,000 MITA tokens will be distributed in the order below.
Token amount Total Supply % Vesting
Play to Earn 50,000,000 25% Starts in Q2, 2022
Ecosystem 5,000,000 2.50% Starts in Q4, 2022
Marketing & Partnerships 10,000,000 5% Starts in Q2, 2022
Strategic 25,000,000 12.50% 10% TGE + 5 months cliff + 12 months vesting
Seed 25,000,000 12.50% 10% TGE + 3 months cliff + 12months vesting
Private 20,000,000 10% 10% on TGE + 12 months vesting
Public 5,000,000 2.50% 20% on TGE + 20% each month
Advisors 5,000,000 2.50% 5% on TGE + 5 months cliff + 7 months vesting
Staking & Liquidity 25,000,000 12.50% Some unlock, Some locked
Team members 30,000,000 15% 1 year cliff + 3 years vesting
Total amount 200,000,000 100%

Play to Earn

Players will be rewarded with MITA while playing the game. This process will take into consideration the activeness and engagement of players in the game.

Fees

  • 3.0% fees will be charged on all marketplace transactions, token, and asset transfers.
  • 20% will go to the gaming pool
  • 10% will be burned
  • 20% staking rewards pool
  • 50% will go to Gem Studios Treasury

Deflationary Mechanism

Actions such as token transfer, NFT transfer, NFT sales will attract a fee, 10% of the amount will be burnt. This mechanism will decrease the total amount of token supply over time and will ensure the scarcity of MITA token.

Buying of MITA token

MITA token can be purchased as an In-App Purchase (IAP) using a debit or credit card from the Google Play Store or Apple Store. It can also be purchased from crypto exchanges and decentralized peer-to-peer platforms like Cryptolocally.com.

The base price to purchase MITA token in the game will be $0.07 USD(subjected to change). If the average price per token on third-party exchanges increases above $0.07 (subjected to change) for an extended period of time, the price per MITA in the game will also increase to the new average price.

In the event that a user decides to buy MITA via an IAP, they will be buying from our IAP reserve. Every 3 months, Gem Studios will buy MITA from the open market and keep this in the IAP pool, which will be sold to players buying MITA from the app stores.
MITA tokens sold in the game will be 10%-15% premium than what it is on the open market or 3rd party exchanges to help cover the cost, fees, taxes on the various app stores.

Ecosystem Fund

The purpose of the ecosystem fund is for growing the LoM community. It will initially be managed by the Gem Studios team. Overtime Gem Studios team will integrate the funds into a DAO and hand it over to the community and stake holders to manage.

Team

Kena – Team Lead

  • 12 years of building and running companies
  • Successfully exited 2 companies (acquired)
  • Strong technical background (Bsc Computer Science)
  • Been supporting and contributing to several blockchain projects since 2015.

Onah – Technical Lead

  • Over 10 years of experience working within the software industry
  • Strong technical skills and background in core networking, cybersecurity, AI, and blockchain.
  • Over 8 years of C++ experience

Romain – Game Lead

  • Started making games when he was 10 years old
  • Over 10 years of experience in game development
  • Loves indie games, especially RPGs, local co-op and Metroidvanias.

David – Fullstack Engineer

  • Bsc in Computer Science from Middlesex University
  • Over, 7 years of industrial experience under his belt
  • Loves to provide smooth and useful user experiences.

Latest Guides View All

{{guide.tags.join(', ')}}
Developer
Gem Studios
Network
Platform
Community
Likes
0
Ok
0
Dislikes
0

Wiki

Latest News

{{selectedGuide.title}}