# LoC Crowns

## LOC Crown NFTs <a href="#id-929e" id="id-929e"></a>

After making an appearance within the Lords of CRO storyline, there are more questions than answers. Will we find out soon what their use is? What mysterious powers did they hold? Regardless, they seem important.

**-LOC CROWN UTILITY-**

This NFT will have a high supply and low mint price. As such, this will be used as a standard currency or entry token within future games, auctions, and most importantly, the Rosarian Raffles.

**-Raffles (50% Minted)**\
These raffles will be unique in that they will pertain specifically to our story and the projects that cross into our realm. So for example, if a Trooper or Hippo were to cross over into our realm you can expect the next raffle to be from their project.

To enter these raffles you must spend LOC Crowns. Each crown will count as 1 entry into the raffle. (Owning a Shield of CRO will automatically grant you 3 entries into the raffles as long as you are verified within our discord. <https://discord.gg/QWHsgRfsDj>)

**-Auctions (25% Minted)**\
By order of the High King, the Royal Auctions will resume once the necessary crowns are collected. All pages and knights alike are tasked with collecting as many as they can and using them for our future events within Havens Guild of Nobles. Some say they even have special bonuses for one’s abilities.

The auctions will begin at 25% minted. These will be used to raise awareness of projects that decide to sponsor the auctions or our partners if there are no sponsors. Revenue from the auction will be split as such;

-2.5% to the LOC Treasury.\
-2.5% to the sponsored project. (sponsored projects must pay a small fee in CRO for sponsorship and donate an NFT for the auction)\
-15% to staking pools\
-80% to non-profit organizations chosen by the community (Both Web3 and IRL)

**-Guild Games (25%minted)**\
Introducing Guild Games! Here we will test everyone's mettle, even those from other realms…Think you can survive these games? Join now and rise to glory within the Guild of Nobles.

These games will also host cross-project games and tournaments as well. Players will choose a project that they would like to represent. If they or their team wins, not only do they get a prize, but the winning project will receive the other projects' NFT to give away to their community.

Spend the required amount of Crown tokens to enter the game or tournament and win fun prizes and roles within the discord and possibly beyond.

**Stat Traits**\
On top of all the fun things that this collection will be introducing, we are also taking our first real steps into our larger plans involving the Squire and Knight collections. Introducing **Stat Traits.** There will be 4 stats in total;

-Strength (Physical Damage)\
-Dexterity (Range Damage)\
-Constitution (Health and Physical Defense)\
-Wisdom (Magical Damage and Magical Defense)

These stats will be the base stats of the squires and knights as well as equipment. Stats will determine how good a certain character is with certain fighting styles. If you have low strength but high dexterity, you would want to use a ranged weapon instead of a melee weapon.

**— — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —**\
**Mint revenue total: 225,000 CRO**\
\
**Mint price: 25 CRO**

**Supply = 10,000**\
(1000 held for the treasury)

**-Tokenomics**\
-40% to raffles. Raffles start at 50% minted\
-20% to game prizes within discord and even beyond as well as floor sweep prizes and auctions. Starts at 25% minted\
-3% to minting site\
-37% to LOC treasury for further development and marketing.
