Cardano Metaverse Utility Token Goes Live on Pre-sale

The Cardano metaverse token, LONIA, is now available for investors who want to acquire it at a discount before the official listing on crypto exchanges. The pre-sale begins July 5, 2022, and ends in 45 days or after total purchases hit the hard cap. The LONIA token costs a fixed price of 12 LONIA per 1 ADA coin.

LONIA, the utility token of the Cardalonia ecosystem, will have multiple use cases like staking, governance, leaderboard perks for top staking wallets and an automatic land whitelist. By this, Cardalonia is looking to redefine the Cardano NFT system by making LONIA the center of the metaverse.

Cardalonia is a metaverse play-to-earn game project on the Cardano blockchain. It has continued to gain attention in the crypto world because of its novelty, usability, dedicated team, and other unique aspects.

The Cardalonia ecosystem is the first Cardano metaverse project to have a non-custodial staking platform where LONIA token holders can stake their tokens to earn up to 20% annual percentage yield (APY) and an automatic whitelist to the Cardalonia land NFT sale.

Their staking vault has nearly four million LONIA tokens and 175 active wallets. LONIA token holders can vote on governance proposals that affect the Cardalonia ecosystem and be eligible to become ambassadors once their stake key appears on the staking leaderboard. Cardano experts are optimistic about the potential of Cardalonia.

Play-to-earn is a type of game mechanism that rewards participants with cryptocurrencies.  These blockchain-backed games have gained traction in recent years, with Sandbox being one of the most popular. The Sandbox ecosystem is based on the Ethereum blockchain, which uses the proof-of-work mechanism to achieve consensus.