LFG.CLUB
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  • Bonding Curve
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    • Deposit, Claim, and Withdraw
  • LFG Token
    • Tokenomics
  • Deployments and liquidity lock
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  • Additional Locks and Burns
  • Anti-Dilution mechanic
  1. LFG Token

Tokenomics

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Last updated 1 month ago

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.

Additional Locks and Burns

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.

Anti-Dilution mechanic

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.