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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:
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;
| 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
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.
Kena – Team Lead
Onah – Technical Lead
Romain – Game Lead
David – Fullstack Engineer
