CyberFi Samurai Formed Strategic Partnership with League of Traders

New Cryptocurrency, Crypto Startups, IDO, IFO

Published on: 29.10.2021

CyberFi Samurai Team are pumped to announce the formation of a key strategic partnership with League of Traders (LOT). This partnership will not only see Samurai take a strategic advisor role with LOT, but will allow them to offer their native $LOTT token to their community at the seed and then public (IDO) rounds. On top of that, CyberFi and LOT will explore a multitude of ways for ‘V2’ and LOT platform integration.

League of Traders

League of Traders (LOT) is a cross-exchange gaming platform that hosts cryptocurrency trading tournaments. The platform hosts regular tournaments called ‘Professional League’ which give a global rating of the top crypto traders on the planet. In addition to Professional League tournaments, there are ‘Master’s’ tournaments which are sponsored by LOT and its partner affiliates as well as Private Tournaments whose accessibility and regulations are decided by third parties.

Traders across both centralized (CEX) and decentralized (DEX) exchanges can easily link their trading accounts to the LOT platform in order to participate in tournaments. It’s as simple as linking the exchange of your choice to the LOT platform, finding a tournament that interests you, paying the registration fee, and trading according to the rules of your chosen tournament. All tournaments on the LOT platform are governed by a decentralized autonomous organization (DAO) on the Binance Smart Chain.

Participating in LOT tournaments has numerous benefits for both traders and exchanges alike. For traders, the obvious benefit is the ability to capture huge crypto prizes for outclassing the competition. In addition to tournament prizes, traders will be able to increase their rating and reputation among the trading community and earn NFTs that will allow them access to special tournaments.

For exchanges, the clear benefit from integrating in the LOT platform is the increase in trading volume on its platform. Exchanges will be able to organize or sponsor their own tournaments to bring in new traders. On top of that, they can promote new trading tools and services and better engage their user base. Binance has already been integrated into the platform and LOT has plans to integrate Coinbase, FTX, Kraken, and PancakeSwap before the end of the year.

$LOTT token

$LOTT is a BEP-20 utility and governance token minted on the Binance Smart Chain. The token is designed to be the lifeblood of the LOT platform by providing holders with staking rewards, special access to higher-level tournaments, and DAO governance responsibilities.

$LOTT has a total supply of 100M tokens of which 2.75M will be in circulation at the token generation event (TGE). The public IDO price of $LOTT will be $0.15 resulting in a market cap at listing of just $412,500 usd.

CyberFi Samurai x League of Traders

League of Traders will be conducting a seed round sale on their Samurai launchpad on Friday, November 5, 2021, 11:00 UTC. This sale will be exclusive to our Emperor and Shogun tiers. People who participate in this seed round may purchase the $LOTT token at a price of $0.075 BUSD (compared to $0.15 public round). Please stay tuned to their Telegram or Twitter for more information on whitelisting, allotments, and participating in this excellent seed round opportunity.

In addition to the seed round, all stakers at Ninja tier and above will be eligible to participate in the League of Traders IDO which is currently scheduled to take place on the 25th of November. Full details on the IDO will be released closer to the date.

Lastly, but certainly not least, CyberFi and LOT plan to work together to leverage each other’s technology with regards to their V2 trading platform and their tournament platform. Plans related to this are ongoing so please stay tuned for more information on exciting developments here in the weeks and months ahead.

This strategic alliance has great potential for not only both platforms involved, but for both communities involved as well. They are excited to be forming a tight-knit relationship with the excellent team at League of Traders.

About LOT

League of Traders (LOT) is a cross-exchange gaming platform for crypto traders. All tournaments are smart-contract based with a standardized ranking system and uniquely designed tradable NFTs. The platform hosts regular tournaments known as the Professional League which give a Global Rating of the world’s top crypto traders. There are also Master Tournaments, sponsored by LOT & partners, as well as Private Tournaments where access and regulations are restricted by third parties.