Lord of DragonsPrice

(LOGT)

Lord of Dragons (LOGT) is a cryptocurrency token built on the Ethereum platform, launched in February 2023, functioning as both a utility and governance token within its MMORPG ecosystem. The game is a blockchain-based Massive Multiplayer Online Role-Playing Game where players can customize characters, complete quests, fight enemies, collect loot, and interact in a virtual world. It integrates traditional MMORPG elements with Web3 functionalities, enabling digital asset ownership and player participation in game evolution.

The LOGT token is integral to the Lord of Dragons ecosystem, allowing users to participate in governance decisions, access exclusive in-game features, and stake for rewards. It's also used for in-game purchases and allows high-ranking players and guilds to influence game strategy. With a maximum supply of 1 billion, LOGT's distribution includes allocations for liquidity, reserves, sales, operations, team and advisors, and marketing, each with distinct unlocking and vesting schedules. Furthermore, LOGT supports DeFi apps and NFT transactions within the ecosystem.

The Lord of Dragons project secures its network through a Proof of Stake (PoS) consensus mechanism. This method involves validators staking tokens to participate in block creation and transaction validation, which promotes decentralization and enhances network security. Lord of Dragons operates on the BNB Chain, leveraging its established infrastructure for all its underlying blockchain operations. This combination provides a robust and secure foundation for the game and its associated token.

Yes, a notable security concern exists regarding the LOGT smart contract. As per a recent check, the smart contract for LOGT was found to be unverified. An unverified smart contract is critical because it means the contract owners could potentially alter its behavior. This includes actions such as disabling the ability to sell tokens, changing transaction fees, minting additional tokens beyond the stated supply, or transferring tokens without proper authorization. This lack of verification poses a significant risk to potential investors and users by reducing transparency and trust in the contract's immutability.

The roadmap for Lord of Dragons outlined several key developments following its official game launch in Q1 2023. These plans included the introduction of a comprehensive leaderboard system, allowing players and guilds to compete and track their progress within the game's ecosystem. Additionally, special rewards were planned for top-performing guilds and individual users in Q2 2023. These initiatives are designed to continuously engage the player base, foster a competitive environment, and drive ongoing growth and participation within the virtual world of Lord of Dragons.

While direct concerns about 'Lord of Dragons (LOGT)' specifically were not prominently highlighted, general discussions within the broader Web3 gaming space have raised issues regarding the legitimacy and originality of certain projects. For instance, discussions surrounding other 'Dragon' themed projects have included mentions of them being 'asset flips'—reusing existing game assets with minimal original development—or even potential scams. This broader context suggests that potential users and investors may inquire about Lord of Dragons' originality, long-term viability, and development practices to ensure its distinctiveness and trustworthiness within the blockchain gaming sector.