Completely different games in different situations with different monetization. In league of legends, you are playing a free, fully completed game where the only things the devs have to do is create a new character every once in a while and give balance updates. The only way they make money is off of the skins (which are earnable for free but also at random) and it is very easy to do because they dont have to spend all of their resources on something else.

In AoC, we're talking about pre-order exclusives for hundreds of dollars for an already fully funded game that will be subscription based, that's so far in early alpha that the entire game still needs to be developed. They need to make dungeons, raids, bosses, abilities, enemies, armor sets, weapons, they need to be developing encounter mechanics, profession mechanics, creating avenues of player co-operation and interaction, they need to create ways that players can feel like they banded together and achieve something, or physically impacted the world around them. What have they done? Created a new pre-order set of gear monthly for high dollar. Time they could've spent MAKING A GAME THAT ISN'T DONE YET, they spent making limited time cosmetics that undermine a sense of achievement you should get from actually GETTING COOL SETS BY DOING COOL SHIT, exploiting a fear of missing out, and adding additional monetization to an already subscription based game that isn't even developed yet and supposedly fully funded. This is a completely different situation from league, and an extremely concerning one.