Chain of Legends

✅&#x1f4e3; DAO System Introduction &#x1f4e3;✅ <a href="https://chainoflegends.com/" rel="noopener noreferrer nofollow">https://chainoflegends.com/</a> A review of what happened during previous days and the decisions that we had to make! DAO &#x1f500; Chain of Legends The DAO System Introduction Brainstorming Call Brainstorming Results How to participate in the first Poll of the DAO? <img src="https://miro.medium.com/max/1400/1*7fopwaGO3HHfBfjB7yg69A.png" /><h2 id="header-0">✅&#x1f525; #DAO &#x1f500; Chain of Legends &#x1f525;✅</h2>(23 August 2022)Dear Community,&#x1f49a; Our dear community is much more precious to us than the project!Despite 7 years of experience in crypto projects, about 40 days ago, when we launched “<a href="https://play.chainoflegends.com/" rel="noopener noreferrer nofollow">Chain of Legends</a>,” we thought it was time for us to relax. But, the burden of the tasks increased unbelievably because of a very high attention rate to the game.&#x1f3af; In a short time, we hit the 4th rank of the Blockchain Gaming project based on True Player numbers which are precious for us. Despite all the advantages it had for our project, this enormous growth of players had a few disadvantages, like many D-Dos attacks on the server or attracting hackers and cheaters.&#x1f340; Hopefully, none of them, caused damage to the ecosystem, but it all consumed so much time and effort of the Devs who spent time dealing with cheaters and hackers who are trying so hard to damage the project and to take their benefits. Moreover, they don’t care about the project’s failure due to their actions and causing damage to our community members. That is why we are pretty serious about dealing with them. We have seen our community members are also trying to help us with their opinions that most of them requested the removal of free lands, which certainly is not the main problem. Because the number of free lands is limited and their value is low. The main problem is that Multi-owners use low levels of the CLEG Mine, mostly level 1, which damages the project because it is free to use!&#x1f914; It might be interesting for you to know that there were a few multi-owners with more than 1000 accounts and plenty of multi-owners with more than 100 accounts who got stuck into our Risk Control System! It is also fair to know that around 700 accounts of multi-owners get banned every day. These people try to cash out #CLEG resources of the game through every cheating way they can, like creating multiple accounts and extracting $CLEG or “Wash Trading” among real players in the marketplace.&#x1f614; Sometimes, a few of our real honest players get stuck in our Risk Control System by mistake for trading or because of an unwanted connection with these cheaters, which makes us sad!&#x1f539; We always look for more efficient ways to decrease these mistakes. Despite the inconvenience it brings for the community members, it takes an enormous time and energy from the team. So, the Devs spent time acting against these cheaters instead of focusing on the Road Map, Development, and Updates!&#x1f539; We are seeking new ways to decrease the benefit of cheaters and to make it very costly for them to create multiple accounts. It is good to know that we have planned to use a system mainly like #DAO for these issues. So we can use the help of our true players for decision-making and changes.<h2 id="header-1">✅&#x1f4e3; The #DAO System Introduction &#x1f4e3;✅</h2>(04 September 2022)<h2 id="header-2">⚔️ #ChainOfLegends, like many other projects and games, needs Development (adding new features) and System Optimization that was not foreseen at the beginning of the project.</h2>&#x1f5f3; Since this game is a blockchain game, we are introducing the DAO system to make such modifications based on the votes and opinions of our community members.&#x1f3af; System introduction (Voting Values):This system will work in a way that considers the benefits of the investors to the extent that the long-term investors (high-level CLEG Mines) will have more impact on the decisions that are about to be made.❇️ The votes of players have value in the #DAO system, and it will always be like this:&#x1f539;CLEG Mine Level 1️⃣’s vote has 0 point value&#x1f539;CLEG Mine Level 2️⃣’s vote has 1 point value&#x1f539;CLEG Mine Level 3️⃣’s vote has 2 points value&#x1f539;CLEG Mine Level 4️⃣’s vote has 4 points value&#x1f539;CLEG Mine Level 5️⃣’s vote has 8 points value&#x1f539;CLEG Mine Level 6️⃣’s vote has 16 points value&#x1f539;CLEG Mine Level 7️⃣’s vote has 32 points value&#x1f539;CLEG Mine Level 8️⃣’s vote has 64 points value<h2 id="header-3">✅ Brainstorming Call &#x1f4a1;</h2>(06 September 2022)⬇️ ⬇️ ⬇️‼️ Outnumbered free #CLEG Mines ‼️Vs‼️The #Ecosystem‼️— — — — — — — — — — — — — — — — — — — — — — — — — — — — ⛓ Currently, 19000 CLEG Mines are active in the “Chain of Legends,” of which 16300 out of 19k are at level 1. &#x1f9d0;&#x1f9ee; So by a simple calculation, we can see that the sum of level 1 mine collects is more than the total collects of mine level 2 to 8 collectively! &#x1f92f;&#x1f449; The level 1 Players didn’t invest in the game and yet they are mining the most volume of the CLEGs. This phenomenon damages the ecosystem (Economy &amp; Community)!&#x1f4a0; We have shared this matter with you and would like to hear the community’s suggestions and solve this challenge with your ideas!— — — — — — — — — — — — — — — — — — — — — — — — — — — — &#x1f5e3; Share your ideas about this matter in the comment section!Then, we can conclude this matter.✅ Together, We Grow ❤️<h2 id="header-4">✅ Brainstorming Results</h2>(08 September 2022)&#x1f64f;❤️ Thank you all for participating in this event and sharing your ideas with everyone!We collected all the ideas and evaluated them to check if they could help the problem and solve it once and for all. Then, we narrowed it down to a resolution that could be helpful and turned it into a practical plan described in the following passage.— — — — — — — — — — — — — — — — — — — — — — — — — — — — ⁉️ Why did we offer free Mine in the first place ⁉️↘️ We implemented the free CLEG Mine at the beginning of the game for early players to experience the taste of a full Free-to-Play game without any investment. This feature ended in both attracting players and facing specific problems.&#x1f447; These are a few problems of Free CLEG Mine:⭕️ It makes creating multiple accounts desirable (Currently, more than 60% of daily extracted CLEG came from Level 1 mines that didn’t get invested. This option helps to gain a Short ROI period (4–5 days) and makes it desirable to create multiple accounts, which is unfair to the players who upgraded their Mines. It affects the CLEG’s price negatively and increases the land price.)⭕️ Technical team spends a lot of time confronting multi-owners— — — — — — — — — — — — — — — — — — — — — — — — — — — — ✅&#x1f3af; The Suggested Plan (The Pay Plan) &#x1f3af;✅✳️ The CLEG Mine Level 1 of current players downgrades to level 0✳️ The new players will have a CLEG Mine Level 0 instead of a level 1✳️ The CLEG Mine level 0 is only compatible with Deserts! (Every new player will also receive a free desert land at the time of registering)✳️ The player has to pay 1000 CLEG for upgrading his Mine from level 0 to level 1— — — — — — — — — — — — — — — — — — — — — — — — — — — — &#x1f929; The advantage of Paid Level 1 CLEG Mine:&#x1f539; Free CLEG Mine makes the game desirable with high profit to create multiple accounts. The Pay plan eradicates this problem forever&#x1f539; By downgrading Level 1 mines to level 0, which can only mine desert lands, the demand for land decreases.Therefore, the price of land decreases, and the profit of players increases.&#x1f539; Increase in CLEG’s price (by buying required CLEG for upgrading the Mine from the market)&#x1f44c; This is also an advantage for players who already paid 1000 CLEG to reach level 2. Because the new players and those who have level 1 Mine right now should pay 2000 CLEG to get to level 2 after implementing the new plan.<h2 id="header-5">&#x1f914; How to participate in the first Poll of the #DAO? &#x1f914;</h2>(10 September 2022)— — — — — — — — — — — — — — — — — — — — — — — — — — — - &#x1f51c; In the new #UI, you can always participate in all our DAO decision-making by clicking on the &#x1f7e7; orange bar at the top of the game’s webpage or by clicking on the link below! &#x1f447;<a href="https://play.chainoflegends.com/dao" rel="noopener noreferrer nofollow">https://play.chainoflegends.com/dao</a>— — — — — — — — — — — — — — — — — — — — — — — — — — — - ✅ The first #Poll in the DAO, the 1000 CLEG upgrade cost for level 1, will be held starting from Monday 09/12/2022, and will be available for 24 hours!&#x1f5f3; All players who want to have a role in the game’s future should Vote during this time!&#x1f4ca; If the poll results end with the “Pay Plan” implementation, we’ll start updating the website in the following days after the Poll!— — — — — — — — — — — — — — — — — — — — — — — — — — — - ⏰ Get prepared to <a href="https://play.chainoflegends.com/dao" rel="noopener noreferrer nofollow">participate in the Poll</a> today, the first day of the new week! ⏰<h2 id="header-6">Website and Social Media</h2>&#x1f539; Website: (<a href="https://chainoflegends.com/?utm_source&#61;Medium&amp;utm_medium&#61;Competition" rel="noopener noreferrer nofollow">https://chainoflegends.com</a>)&#x1f539; CoinMarketCap: (<a href="https://coinmarketcap.com/currencies/chain-of-legends/ico/" rel="noopener noreferrer nofollow">https://coinmarketcap.com/currencies/chain-of-legends/ico/</a>)&#x1f539; Telegram channel: (<a href="https://t.me/chainoflegends" rel="noopener noreferrer nofollow">https://t.me/chainoflegends</a>)&#x1f539; Discord: (<a href="https://discord.gg/tKfwRGAt9d" rel="noopener noreferrer nofollow">https://discord.gg/chainoflegends</a>)&#x1f539; Twitter: (<a href="https://twitter.com/chainoflegends" rel="noopener noreferrer nofollow">https://twitter.com/chainoflegends</a>)&#x1f539; YouTube: (<a href="https://www.youtube.com/channel/UCiOX2xyU9aee5PEkVpGY4pQ" rel="noopener noreferrer nofollow">https://www.youtube.com/channel/UCiOX2xyU9aee5PEkVpGY4pQ</a>)&#x1f539; Group: (<a href="https://t.me/ChainOfLegendsChat" rel="noopener noreferrer nofollow">https://t.me/ChainOfLegendsChat</a>)

✅📣 DAO System Introduction 📣✅

Table of Contents

Chain of Legends

Other articles published on Sep 12, 2022

Is Terra alive again? September saw a 300 Percent increase in LUNA prices

EU Plans to Combat Counterfeiting with NFTs by 2023

🎉HOT! HOT! HOT! MAINTENANCE COMPLETED: UPDATE GOOGLE PLAY 🎉

Face is available at the BNB chain

The introduction of Citrin NFT Collection.

US economy is headed toward deflation, according to Elon Musk

Join our free newsletter for daily crypto updates!