13/09/2023
Response to Questions Regarding the LOCC Mining Pool✏️
👋Dear players,Recently, some users in the LOC community have been asking about question related to the Mining Pool. Here is our response to these questions:
❓If there are no LOCC tokens left in the Mining Pool, but the production of LOCC from NFT heroes has not ended, what will happen to NFT heroes in this situation?
🟪There will always be some LOCC tokens in the Mining Pool; it will not be completely depleted. This is because, according to the LOC's Play to Earn mechanism, a portion of the profit from the Reflow Pool will be redistributed into the Mining Pool. Therefore, the Mining Pool will maintain a continuous circulation of LOCC tokens.
🟪Additionally, when you purchase an NFT hero, the system has already automatically calculated and reserved the total LOCC token production for that hero. Furthermore, the LOC team will adjust the sales or make a limited-time sales of NFT heroes based on the Mining Pool's status. So, there's no need to worry; as long as you can acquire an NFT hero, you will definitely be able to gain enough LOCC tokens.
❓ What is the Reflow Pool?
🟪The income generated from players' purchases of items such as Challenge Tickets, Wishing Coins, card draws, and other in-game items in the LOC game store will flow into the Reflow Pool. Additionally, a 3% to 5% fee will be charged for each game played in the Arena fast 1v1, Multiplayer Arena, and the Thousand People war. Furthermore, a 0.3% management fee will be deducted when players swap LOCC for USDT or USDT for LOCC. All of these profit will be allocated to the Reflow Pool.
❓Can NFT heroes be purchased at any time?
🟪Currently, yes. But as the LOCC tokens in the Mining Pool decrease, it will become more difficult to obtain NFT heroes in the future. Just like Bitcoin in 2009, when its value was $0.00076, people could easily acquire Bitcoin through mining. However, now that Bitcoin's value is $25,800, people can still mine it, but the difficulty of mining Bitcoin has increased significantly. The same applies to LOCC; currently, people can easily purchase NFT heroes for LOCC mining. However, if the value of LOCC continues to rise, the difficulty of acquiring NFT heroes will also increase.
❓ What to do if NFT heroes cannot be purchased in the future?
🟪1）Form guilds to earn commissions and acquire LOCC.
🟪2）Win LOCC through Arena.
🟪3）Actively participate in official game events.
🟪4）Purchase LOCC tokens directly from other exchanges, and gamin profit from their increasing value.
✅However, no matter what method is, buying NFT heroes is the simplest way to obtain LOCC at present.
❓LOCC's value is expected to continue rising, why doesn't the company purchase all the NFT heroes themselves?
🟪This is because any cryptocurrency requires liquidity. For example, Bitcoin's fixed total supply is 21 million coins, and if all 21 million Bitcoins were held by one person, Bitcoin would have no value. The reasons for Bitcoin's rise are multifaceted, with one of the most important factors being the number of holders. Currently, there are approximately 48.5 million Bitcoin holders. The same principle applies to LOCC; as the quantity of LOCC in the Mining Pool decreases, it signifies that more people hold LOCC, increasing its upward potential. Additionally, LOCC has its own circulation channels, allowing players to use LOCC within the game, such as in the Arena. This further promotes the liquidity of LOCC, making it one of the advantages of the LOCC token.
