Tokenomics
Last updated
Last updated
The LFG token will launch with following liquidities more or less at the same time on 5 initial chains:
375,000,000 tokens and 2.5 ETH on ETH Mainnet
150,000,000 tokens and 1 ETH on Base
75,000,000 tokens and 0.5 ETH on Arbitrum
75,000,000 tokens and 0.5 ETH on Unichain
75,000,000 tokens and the equivalent of 0.5 ETH in BNB on BNB Smart Chain
Further 12.5% (or 125,000,000 tokens) will be locked for 1 year. During this time it will be decided if this amount will be airdropped to active users on the platform, or if we burn it. Or a combination of the two versions.
The last 12.5% (or 125,000,000) tokens will be locked for 10 months and then unlock 0.25% of total supply (2,500,000 tokens) every month for 50 months. So, the last unlock will happen almost 6 years after launch.
When the team claims the fees on the Uniswap V3 pools of the LFG Token, following will happen:
75% of claimed LFG tokens will automatically be burned
12.5% of claimed LFG tokens will be automatically locked for 6 months
12.5% of claimed LFG tokens, and 100% of claimed ETH/BNB will be available immidiately.
This claiming of fees is NOT shared with depositors.
To not dilute the LFG Token unnecessarily on token unlocks there is a mechanic in place which burns automatically the same % amount of unlocked LFG tokens as there are currently burned. This means that if currently 10% of total supply is burned. I.e. on token unlock instead of the release of 0.25% of total supply, only 0.225% is released, while 0.025% is burned automatically. This is per chain basis.