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LORDS is the native currency of the Realmverse; an on-chain gaming ecosystem running on StarkNet, a Zero-Knowledge Layer 2 rollup.
LORDS is the native utility token that is used for:
Purchasing NFTs on the StarkNet marketplace
Trading resources on the games AMM (Automatic market maker)
Purchasing in-game assets
What is LORDS?
LORDS is a cryptocurrency that plays a pivotal role within the Realmverse, an expansive on-chain gaming ecosystem that operates on StarkNet, a Zero-Knowledge Layer 2 rollup. This digital asset is designed to facilitate various transactions and interactions within this virtual environment, acting as a bridge for players and stakeholders to engage with the platform's offerings.
As an ERC20 token, LORDS provides a versatile and fungible method for participants to enter and exit the Realmverse. It enables the trading of various assets, including non-fungible tokens (NFTs) on the StarkNet marketplace, and resources on the platform's Automatic Market Maker (AMM). Additionally, it allows for the purchase of in-game assets, enhancing the gaming experience and aligning the interests of Realm owners and other stakeholders within the ecosystem.
Beyond its functional utility within the gaming world, LORDS also serves as a symbol of participation in a decentralized community, often referred to as the official meme coin of this collective. With a notable market capitalization and a circulating supply, it underscores the vibrant activity and engagement of its user base.
For individuals interested in the intersection of gaming and blockchain technology, LORDS represents an opportunity to explore how cryptocurrencies can enhance and expand virtual worlds. However, as with any digital asset, it's important to conduct thorough research and consider the dynamics of the market before engaging with the ecosystem.
How is LORDS secured?
LORDS, the native currency of the Realmverse ecosystem, operates on StarkNet, employing advanced blockchain technology to ensure its security and utility within its gaming environment. The security measures in place for LORDS are multifaceted, incorporating both technological solutions and community governance to safeguard the ecosystem and its participants.
The foundation of LORDS security lies in its use of smart contracts, which automate transactions and enforce the rules of the ecosystem without the need for a central authority. These contracts are meticulously designed and audited to prevent vulnerabilities and ensure integrity in operations such as NFT purchases, resource trading, and in-game asset acquisitions.
To further enhance security, LORDS utilizes a Security Advisory Board alongside a Governance Portal, ensuring that decisions regarding the ecosystem's development and security protocols are made transparently and with community input. This approach allows for a dynamic response to emerging threats and ensures that the ecosystem evolves in a secure manner.
NextDAO plays a crucial role in the security architecture, overseeing the strategic direction and implementation of security measures. This includes the management of contract upgrades and critical system controls, which are safeguarded by an Aragon DAO. This decentralized autonomous organization, governed by token holders, adds an additional layer of security by decentralizing control and making it harder for malicious actors to exploit the system.
Moreover, the use of multisignature wallets (multisigs) with privileges limited to specific functions further secures the ecosystem. These wallets require multiple signatures for transactions to be executed, reducing the risk of unauthorized access and ensuring that critical actions are only taken after collective agreement.
For users seeking an extra layer of security for their assets, the integration with supported hardware wallets offers a robust solution. These devices store users' private keys offline, providing a physical barrier against hacking attempts and unauthorized access.
As the regulatory landscape evolves, with countries like the UK considering legislation that could impact cryptocurrencies, LORDS is positioned to adapt and comply with new regulations, ensuring its continued security and legitimacy.
In summary, the security of LORDS is achieved through a combination of smart contracts, community governance, strategic oversight by NextDAO, and the option for individual users to enhance their security through hardware wallets. This comprehensive approach ensures the integrity and safety of the Realmverse ecosystem and its participants.
How will LORDS be used?
LORDS serves as the native utility token within the Realmverse, an expansive on-chain gaming ecosystem that operates on StarkNet, a Zero-Knowledge Layer 2 rollup. This token plays a crucial role in the ecosystem, facilitating various in-game and marketplace transactions.
In the context of the Legend of Fantasy War game, LORDS tokens are utilized as Non-Fungible Tokens (NFTs). This application allows players to own unique in-game items, which they can sell, exchange, or auction. This not only enhances the gaming experience by allowing for ownership and trade of digital assets but also fosters a community aspect where players can collectively enjoy rewards.
Beyond its use in the Legend of Fantasy War, LORDS tokens have broader applications within the Realmverse. They are used for purchasing NFTs on the StarkNet marketplace, enabling players and collectors to acquire unique digital assets within this ecosystem. Additionally, LORDS tokens facilitate the trading of resources on the game's Automatic Market Maker (AMM), a decentralized finance (DeFi) mechanism that allows for the automated trading of digital assets without the need for traditional market makers.
Furthermore, LORDS tokens are employed in purchasing in-game assets across the Realmverse. This utility enhances the gaming experience by enabling players to customize and upgrade their gameplay through the acquisition of various digital assets.
While the potential uses and benefits of LORDS tokens are clear within the gaming and NFT marketplace, it's important to acknowledge the inherent risks and uncertainties associated with digital currencies. The landscape of cryptocurrency is ever-evolving, and as such, individuals should conduct thorough research and consider their own financial situation before engaging with any digital currencies, including LORDS.
What key events have there been for LORDS?
In the context of LORDS, the native currency of the Realmverse operating on StarkNet, it's important to note that there have been no significant events specifically highlighted for this cryptocurrency. This information suggests that, as of the current moment, LORDS has maintained a steady course without any major announcements or developments that have caught public attention on a large scale.
LORDS plays a crucial role within its ecosystem, facilitating various transactions and interactions. It is utilized for purchasing Non-Fungible Tokens (NFTs) on the StarkNet marketplace, enabling users to acquire unique digital assets. Additionally, it serves as a medium for trading resources through the ecosystem's Automatic Market Maker (AMM), optimizing liquidity and trading efficiency. Furthermore, LORDS is used for acquiring in-game assets, enhancing the gaming experience by allowing players to personalize and upgrade their gameplay.
Given the absence of key events, it's essential for potential investors and users to conduct thorough research and stay informed about any future developments. This proactive approach will help in understanding the evolving dynamics of LORDS and its role within the Realmverse and the broader blockchain technology landscape.
The live LORDS price today is $0.059903 USD with a 24-hour trading volume of $73,701.05 USD. We update our LORDS to USD price in real-time. LORDS is down 9.32% in the last 24 hours. The current CoinMarketCap ranking is #1205, with a live market cap of $9,543,606 USD. It has a circulating supply of 159,316,886 LORDS coins and a max. supply of 500,000,000 LORDS coins.