LOCGame Transition to Community Governance

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Dear LOCGame Community,

After four years of pioneering Web3 gaming, the time has come for LOCGame to evolve. I’m announcing the transition of LOCGame to community governance, ensuring the protection and growth of $LOCG token value for all stakeholders.

The announcement comes with:

1. Background information

2. Token Distribution information

3. Community takeover overview

4. Information about an alternative acquisition opportunity

5. Call-to-action & Next Steps

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1. Our Journey: Building the Foundation

Since launching in 2021, LOCGame has achieved significant milestones:

Initial Success:

Raised $1.4 million from notable investors including Signum Capital, NGCs, and Polygon Labs
Launched the first crypto-themed trading card game featuring Triple Triad mechanics
Created NFT collaborations with designers from luxury brands Prada, Burberry, Etro and Dsquared
Secured brand ambassadors including an NBA player and K-pop star DJ Soda
Featured in Coindesk, Cointelegraph, Nasdaq, Venture Beat and other reputable media outlets
Launched Awakening Season available on major web3 discovery platforms such as Hyperplay, Yeeha!, Magic Square & Carv.io

Technical Achievements:

Developed a comprehensive Web3 trading card game for web and mobile
Built own Metamask Integration and added Particle Network for social login
Developed smart contract systems for in-game economies
Created an NFT marketplace accepting crypto and Paypal/Credit Cards
Integrated with multiple distribution platforms including Hyperplay & Metamask Games

Community Growth:

Reached 120,000+ followers across social platforms — Twitter/X, Youtube, Instagram, Discord, Telegram and Reddit
Built active trading pairs on major exchanges
Established presence in multiple regions (Korea, Vietnam, Turkey, Indonesia)
Maintained continuous development despite market challenges

Recognition:

RBL Labs voted top-10 European Blockchain Startups by ECB in 2023
Awarded grants from Polygon Labs, Amazon, Google, MongoDB
Offered participation in Cointelegraph Accelerator
Created lasting brand value through trademark registrations in 4 continents

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2. Token Distribution Complete

Important Update: All $LOCG tokens previously held in project treasuries have been fully distributed to ACEON investors and the community. The $LOCG token now has 100% circulation, with no remaining centralized holdings. This complete distribution ensures true decentralization and aligns with the community governance transition.

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3. Community Takeover Path

As our primary focus, we’re preparing LOCGame for community-led development and governance. This transition will put the project’s future directly in the hands of $LOCG token holders and our dedicated community.

What’s Available to Community:

Technical Assets:

Complete LOCGame codebase and smart contracts
Web3 marketplace platform
Game design tools and documentation
Mobile-responsive trading card game

Brand Assets:

Trademark rights (US, UK, EU, China)
Brand identity and visual assets
Game character designs
Institutional partnerships framework

Community Infrastructure:

Twitter (80k+ followers)
Discord (24k+ members)
Youtube (12k+ followers)
Telegram channels (25k+ members)
Medium publication (22k followers)
Active Gate.io trading pair

Community Governance Requirements:

Formation of legal entity by $LOCG token holders
Minimum governance council of 5 members
Demonstrated capability to maintain development
Clear framework for protecting token holder interests

Transition Timeline:

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Now — June 30: Community Organization

Formation of governance structure
Legal entity establishment planning
Volunteer recruitment for key roles

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July 1–15: Asset Preparation

Code finalization and documentation
Asset inventory and valuation
Transfer mechanism design
Potential code open source if community decides to do so.

NB: Open Source is initially proposed to community and requires preparation of the full game/marketplace and smart contracts code base on Gitlab & Github).

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July 15-August 15: Transition Implementation

Structured asset transfer
Operational handover

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Gate.io Relationship Management

The community will assume management of our Gate.io relationship with:

Supported transition from current contact structure
Advisory involvement during initial period
Preservation of trading pair stability

We already have two community members who volunteered to act as representatives. DM if you want to join their group.

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4. Alternative Path: Strategic Acquisition

While community governance is our primary path forward, we remain open to strategic acquisition offers that could enhance $LOCG token value. If a suitable buyer emerges during this transition period who can:

Demonstrate clear value proposition for token holders
Commit to meaningful token utility integration
Present credible development roadmap
Preserve community benefits

…we would evaluate such opportunities in consultation with the community and prioritize what serves token holders best.

Token Holder Protections

Regardless of final governance structure:

All decisions will prioritize $LOCG token holder value
Transparent evaluation of all transition aspects
Community input on major decisions
Continued advisory support during transition

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5. Call to Action & Next Steps

For Community Leaders:

Join our #community-governance channel in Discord to participate in:

Governance structure formation
Volunteer role identification
Legal entity planning
Transition strategy development

Link to Discord: https://discord.com/channels/823376185672204308/1368868182034743307

For Token Holders:

Your voice matters in this transition. Participate by:

Engaging in community discussions
Providing feedback on transition plans
Supporting community leadership
Maintaining active involvement

Next Steps:

Community organization begins immediately
Community representatives introduction to Gate.io
Discord channel available for community takeover discussions: https://discord.com/channels/823376185672204308/1368868182034743307
Telegram global group will be muted to channel discussions to the appropriate channel on Discord
Mik acting in advisory role and accepting community proposals while facilitating interaction
Community is invited to participate in code review to facilitate open sourcing it on Github if such decision is made by the council

Commitment to Success

I will remain available in an advisory capacity throughout this transition to ensure:

Smooth operational handover
Technical knowledge transfer
Exchange relationship continuity
Community support needs

This transition represents LOCGame’s evolution into true Web3 values — decentralization, community ownership, and shared governance. Together, we’ll chart the path forward that best serves our community and token holders.

Note:

Strategic acquisition inquiries should be directed to mik@rblabs.com
For community proposals and initiatives please discuss on Discord: https://discord.com/channels/823376185672204308/1368868182034743307 or DM on telegram @mikmiro

Warm regards,

Mik Mironov

Founder LOCGame

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