What’s happening at LoK Land Market? — Part 2. Find a Land token worth investing in

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NFTBank.ai

8 min readAug 14, 2020

Blockchain-based MMO strategy game LoK showed a new form of ‘Earn to Play’ by creating a reward system that allows users to hold Land tokens as Blockchain tokens and rewards some of the game’s sales to users according to the level of development of Land. You can raise the level of Land if you have a lot of development points due to active play on the ground. As the Land level goes up, the Land’s resources become richer, and then more kingdoms(users) are gathered, which creates a virtuous cycle in which development points can be accumulated and the Land level can be raised.

In Part1. Understanding Land Reward Program & Land Market Status, we looked at how the LoK Land reward program is operating, how much profit the actual user is making, and how the LoK Land token is being traded in the real market. In more detail, we looked at the following items.

Part 1. Understanding Land Reward Program & Land Market Status

How many Land rewards have users received?
How many lands were supplied to the market through presales?
What is the actual Land volume & average price in the market?
What is the change in the volume of trade and transaction prices over time?

We have understood the LoK Land token market and reward mechanism through the previous analysis. Based on that understanding, let’s (1) look at some of the things that we need to consider when making investment decisions and (2) have some time to practice the best way to buy LoK Land. More specifically, let’s look at the following.

Part 2. Find a Land token worth investing in

What’s the current volume of Land tokens and the price of the listing?
What is the difference between the actual sale price and the listing price?
What is the land with the most cumulative rewards and how much?
The sale on OpenSea, is it worth the price?

Part 3. Best way to purchase LoK Land

Part 3 may be easier to feel, so please read Part 3 first. If you don’t understand it or want to analyze it in more detail, it would be helpful to read Part 1 and Part 2.

All of this can be found at the LoK Featured dashboard on NFTBank.ai. Based on this dashboard, let’s look for answers to the previous questions. Take advantage of this dashboard if you want to keep monitoring your market status: https://nftbank.ai/dashboard/leagueofkingdoms

Part 2. Find a land token worth investing in

1. What’s the current volume of Land tokens and the price of the listing?

The quantity and listing price of the current OpenSea are shown below (level 6 on the left and level 1 on the right). It has the lowest supply of level 5 and level 6 with the highest listing price. These Lands are mainly located in the heart of the entire map, and the biggest reason for being traded at such a high price is that the number of high-level Lands is small and the amount of Land still supplied to the market is rare. In addition, land owned by users who buy land but do not play may have been demoted due to development management. This will result in a smaller supply. If you start playing now, which is still in the early stages of launching the game, and buy low-level Land and build development points, you will not only be able to improve the effectiveness of mining resources for play, but you will also be able to increase the DAI reward and get a good profit on the market in the future.

NFTBank.ai featured dashboard for LoK — PRICE AND MARKET page

2. What is the difference between the actual sale price and the listing price?

However, it is hard to say that the listing price is the actual market price. It’s because there are users who put up a sale at a high price. If you make a purchase simply because ‘the price is relatively low’ in the price of the listing, you may end up buying it at a price higher than what real consumers think is appropriate. So if you want to know the market price of a real Land token, you need to pay attention to how much the deal is, ‘sold price’. Especially for prospective investors who still lack experience and understanding of the Land market, it is difficult to determine whether it is a reasonable price by looking at the listing price. So it’s important to compare the average price of the actual transaction with the price of the sale you’re looking for and see if it’s listed at the right price. If you look at the graph below, the level at which the gap between the actual transaction price and the listing price is greatest is level 4. While the recent average selling price is $135.29, the average listing price is still $326.8 with a gap of about $191.5. We believe that the listed price is the right price, so we need to investigate the market rather than buy it out of the blue.

NFTBank.ai featured dashboard for LoK — REWARD STATS BY ZONE page

3. What is the land with the most cumulative rewards and how much?

Once you decide to buy a Land token, the biggest concern will be: (1) how much reward you can get from this Land token and (2) how much profit you can get from the market. Rewards for each Land can be found in the MAP on the LoK official site, but only one Land reward can be seen at a time, making it difficult to see the overall picture at a glance.

To address these users’ pain points, NFTBank.ai created the REWARD STATS BY ZONE page in the Featured dashboard for LoK. Use this page to view cumulative rewards for each Land, current listing price, Land level, development point, and cumulative resources (left image). In addition, a pop-up window that appears when you click Land shows how the average market price of the same level Land has changed with the cumulative rewards paid so far (right image). In particular, in the lower right corner of this pop-up window, you can see the average price of neighbors, which is an important factor to consider along with the overall average price of the level.

Zone#A1 Reward (left) and the window that pops up when you click on the land (right)

Reward statistics from ZONE #A1 above show that the most compensated land in this area was 25.22DAI, and the surrounding area was approximately 13DAI. But outlying areas just a little bit out of here were compensated for 3–6DAI. If you check the pop-up window that pops up when you click on the land, you can see that the reward amount for the land is steadily increasing. Besides, you can compare the minimum, maximum, and average value changes of the rewards by the entire Land. Although it is not currently on sale, the market price of Level 6 has risen sharply since July 6 and has recently been traded at around 4.99 ETH.

Interestingly, the second most-rewarded Land is located in D11. The location of each zone in the LoK entire map is as above. D11 was developed to Level 6 and received cumulative rewards of 23.7DA, even though the initial level was much lower than A1. If you’re curious about the cumulative rewards, current listing price, Land level, development points, and cumulative resources for that Land, set the Zone to #D11 on the REWARD STATS BY ZONE page in the Featured dashboard for LoK, and then check it out yourself.

4. The sale on OpenSea, is it worth the price?

LoK Land tokens are being traded through OpenSea in the amount of presale. As we saw earlier, the location of the token, the degree of play activation of the surrounding Land (reward amount), and the surrounding Land price will be the main factors to consider. However, in OpenSea, the coordinates of the Land are known, but it is difficult to know the exact location. On the other hand, REWARD STATS BY ZONE from NFTBank.ai Featured dashboard for LoK shows the price of the current OpenSea by ZONE as shown below.

For example, the most expensive sale on Zone #A1 is the land on 20ETH (red box in the image above). By changing the type of dashboard, you can see the level of the Land, development points, and cumulative resource compensation. Nearby, there’s a level 5 land, one level lower than the surrounding level, at 4.8ETH. It’s four times more expensive than this land, but we can see that the DAI rewards and development points are about twice as high. At times, the surrounding prices may also be listed above the actual value, so it is important to consider whether the share of rewards relative to other Land tokens at the same level is appropriate and what the past transaction price of that Land was like. For the above-mentioned items on the market, the ‘On Sale’ button is located in the upper left-hand corner of the pop-up window, which will take you to the OpenSea page. Also, check out the Land’s past transaction history at OpenSea.

Wrapping up Part2…

In this article, we took a closer look at the Blockchain game LoK, which showed what the real ‘Earn to Play’ is. More specifically, Part2 looked at the quantity on the market and the price of the listing and looked at the difference between the actual selling price and the listing price. As we saw earlier, the price of listing tends to be a little higher than the selling price, so if you’re a market-savvy user, you’ll have to see the gap between the two. We also looked at the land with the highest cumulative rewards, how much they were traded, how the surrounding land prices were, how the surrounding rewards were being done, and how to determine if they were worth as much or more than the actually listed prices. As the market is changing day by day, even if we looked at the latest trends in this article, it would be a long time ago. Keep checking out the LoK Featured dashboard on NFTBank.ai to see how the latest trends are changing!

In the following article, we’re going to have some time to practice the best way to buy LoK Land based on the previous content!