Tech

Metaverse Project Cardalona To Launch Playable Avatars On Cardano

08/19/2022
Bitcoin Ethereum News
– Advertisement –

Follow-Us-On-Google-News

Cardano Metaverse Project Cardalona to Create Playable Avatars.

The avatars will give LONIA token holders a life-like way to explore the Cardalonia metaverse.

Cardano-based metaverse project, Cardalonia, has announced a partnership with Ready Player Me. Under the partnership, the duo will develop playable avatars in the Cardalonia Metaverse, Cardalonia said in a recent press release. 

Notably, holders of Cardalonia’s native governance token, LONIA, will be allowed to use their clan and Ready Player Me avatars to explore the Cardalonia metaverse. 

Cardalonia is a virtual world built on the Cardano blockchain. In Cardalonia, players can own, build, and customize their experiences on Cardano. Players can also complete different tasks and earn rewards, payable in LONIA tokens. 

In addition, developers can create Cardalonia-compatible assets, which can be traded on the project’s in-app marketplace. 

According to the announcement, the Cardalonia virtual land presale will be exclusive only to LONIA token holders. 

However, before LONIA token holders are granted access to purchase the virtual land, they will need to stake a minimum of 7,000 LONIA in the Cardalonia non-custodial staking vault.

Additionally, the user will also be required to hold at least 200 ADA coins in the wallet. Interested investors will need to stake the tokens before October 1, 2022, when a snapshot of all wallets will be taken. 

As reported by TheCryptoBasic, staking LONIA tokens in Cardalonia’s non-custodial vault will enable users to earn up to a 20% annual percentage yield (APY). 

LONIA is the governance token of the Cardalonia ecosystem. LONIA has a total supply of 100 million tokens, out of which 50 million have been allocated to the general public. 

With Cardalonia virtual land presale tipped to commence soon, people looking to purchase LONIA tokens can do so in the upcoming Initial Exchange Offering (IEO) on the P2pb2b exchange. 

Meanwhile, people can also purchase LONIA tokens in an ongoing flash sale conducted by Cardalonia. In a recent tweet by Cardalonia, a total of 2 million LONIA tokens were allocated for the exercise. Users are required to trade their ADA tokens for LONIA on a 1:10 ratio. 

– Advertisement –

Source: https://thecryptobasic.com/2022/08/20/metaverse-project-cardalona-to-launch-playable-avatars-on-cardano/?utm_source=rss&utm_medium=rss&utm_campaign=metaverse-project-cardalona-to-launch-playable-avatars-on-cardano