AIP-001: LOKA to power the new web3 gaming ecosystem (Arena-Z)

Executive Summary LOKA, a Binance's 26th Launchpad project and backed by top global VCs, is aiming to evolve from a single-game token into a core currency to power a comprehensive gaming platform and our own Layer 2 blockchain, which is called Arena-Z.

Be part of history - vote now and help shape the future of Web3 gaming!

Rationale for Action -LOKA, backed by a16z and 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 that's 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 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