AIP-001T: Test proposal for WLOKA

**Executive Summary **LOKA, the 26th project launched on Binance Launchpad and backed by leading global venture capital firms, is expanding its vision. Originally conceived as a game-specific token, LOKA is evolving into the foundational currency for an extensive gaming ecosystem and our proprietary Layer 2 blockchain, Arena-Z.

We recognize our community's significant investment in WLOKA, the wrapped version of LOKA tokens on Polygon PoS, and have ensured these holders are included in our governance process.

Join us in shaping the future of Web3 gaming - cast your vote today and be part of this transformative moment!

**Rationale for Action **-LOKA, backed by a16z & Sequoia Capital, two of the world's biggest VCs, has grown to be a leading game franchise in the web3 space. We aim to be a thriving ecosystem expanding beyond League of Kingdoms into a multi-game universe. Our success in Web3 gaming led to partnerships with AAA gaming studios, and now we're launching Arena-Z, our OP Foundation-backed Layer 2 platform, to power this integrated gaming ecosystem. We couldn't have achieved this growth without our loyal LOKA community, and that's why we're ensuring our token holders will be at the heart of this evolution - with existing LOKA holders receiving proportional ownership in the new platform, its growth, and future opportunities.

MOTIVATIONS Ecosystem Evolution: -From single-game token to platform infrastructure token powering the entire Arena-Z gaming ecosystem -Gas sponsorship and transaction support through invisible AA wallet infrastructure -Priority access to new game tokens, NFTs, and platform launches for LOKA holders Revenue from B2B services (SDKs, APIs, developer tools) -Community engagement through "Commue" reward system

Technical & Economic Updates: -Migration to Layer 2 for better scalability and lower transaction costs -Token redenomination to 10B supply for intuitive unit economics Improved gas fee calculations and platform utility pricing -Enhanced utility scope across multiple applications & services

Regulatory Upgrade: -Transition to EU jurisdiction under MiCA framework -Enabling expanded features like staking under clear regulations -Future-proofing through compliance with world's most advanced crypto regulations

Specification Token Migration Details

New Supply: 10B $A2Z tokens (1:20 redenomination) Chain: Ethereum L1 & Arena-Z built on the OP Superchain Standard: ERC20 (L1) & SuperchainERC (L2) Gas Solution: ETH bridge & token sponsorship via AA infrastructure Tokenomics

Ecosystem merged w/staking pool to represent 39% of supply Existing holder allocations: Proportionally maintained Vesting schedules: Unchanged (scaled to new denomination)

Implementation Steps -OP Stack deployment (MIT License, audited & deployed) - Complete -On-chain swap (developed, audited & pre-deployment) -CEX swap to facilitate the seamless transition (currently engaging with our CEX partners to ensure seamless token migration support)

Timeline December 20, '24: Governance vote for 2 weeks Q1 '25: Technical Implementation for swaps Q1~Q2 '25: Migration period Migration Support -Full 1:20 token exchangeability -Migration incentives / Extended transition window -Technical support provided

Governance / Voting Parameters -Duration: 14 days -Qualification: LOKA and WLOKA token holders -Method: Snapshot on-chain (1 LOKA = 1 vote) -Quorum: 300 unique addresses

Options -FOR: Approve the complete upgrade proposal -AGAINST: Reject the upgrade proposal

**Additional Resources ** League of Kingdoms: https://linktr.ee/leagueofkingdoms Arena-Z: https://linktr.ee/arena_z AZ Chain: https://raas.gelato.network/rollups/details/public/arena-z Vision documentation: https://docsend.com/view/45ats55g5bxz2gm8