🏅┃LFGSwap Tokenomics (Base)
Last updated
Last updated
Ticker Symbol: LFG
Chain: Base
Max Supply: 100,000,000 LFG tokens
Start of Supply: 20,000,000 LFG tokens
Contract Address: (BASE)
All further changes to the distribution of LFG tokens per block will only be made via community voting
20% (20,000,000 LFG) for Liquidity
72%(72,000,000 LFG) for Farm — unlocked linearly in 60 months
8% (8,000,000 LFG) will be allocated to LFG community members community rewards — unlocked linearly in 60 months
The allocation of 80 million LFG tokens is as follows:
Farms : 90% per block
Community : 6.25% per block
Ecology: 3.75% per block
Cryptocurrencies and tokens built on a blockchain have set up, algorithmically created release schedules. This means that we can accurately predict how many coins will be made by a specific time.
Max supply — the coins/tokens that will be ever produced. As soon as the maximum supply is reached, there will be no more of these coins or tokens minted.
The maximum supply of LFG(BASE) tokens is 100 000 000
Total supply — tokens/coins that exist now. They can be in circulation or somehow locked.
The formula for calculating is quite simple 🔽
The sum of tokens/coins that were already mined (or issued) MINUS the total of coins that were burned or destroyed = Total Supply
Circulating supply — the tokens/coins that are publicly available and circulating in the market. It is possible for a cryptocurrency circulating supply to increase or decrease over time.
The formula for calculating 🔽
Total supply MINUS all the blocked tokens = Circulating Supply
Market Capitalization (or Market Cap) in the blockchain industry refers to a measure of cryptocurrency market size or, in other words, the crypto asset's value.
The formula for calculating 🔽
Calculating Supply MULTIPLY BY the price of the crypto asset = Market Cap
Use the CoinMarketCap website to track and analyze LFG conditions on the market.
Exchange ERC-20 tokens with the lowest fees on BASE
Provide liquidity to the pool and earn income from token swap transactions
Stake your LP tokens to earn LFG tokens
Stake LFG tokens to earn more LFG tokens
Stake LFG tokens to earn tokens of other projects
Stake tokens of other projects and earn LFG tokens in return
Try your luck in the LFGSwap Lottery and win huge prizes in LFG tokens
Earn referral rewards via our multi-type Referral Program
Buy new tokens directly for LFG on LFGSwap by participating in the Initial DEX Offerings (IDO)
Buy/Sell NFT on LFGSwap Marketplace with the lowest fees on BASE
Stake NFT to earn multiple tokens
Simply put, it means removing coins from circulation, thereby reducing the total supply. Tokens are usually transferred to a burn address during this process.
The tokens/coins get burned for two main reasons:
To increase their value
To keep their condition steady
LFG Tokens Burn
LFGSwap DEX has its Deflationary Mechanisms. Our platform always develops and aims to enhance ones. The LFG burn happens to keep the token valuable and less volatile.
LFG token burning typically occurs once a month. LFGSwap reserves the right in its sole discretion to change or amend the burning schedule at any time and for any reason.
All the rewards from accounts with no referrer are used for LFG token burning
Selling LFG tokens will automatically burn 0.9% of the sale
LFG Auto Compound performance fee is used for token burning
LFGSwap Holder pool early-withdrawal fee is used for token burning
Auto Compound pool early-withdrawal fee is used for token burning
5% of the trading fees are used for buying the LFG tokens back from the market and burning them
13% of all the purchased lottery tickets are used for token burning
10% of LFG from NFT Sales Revenue
10% of the fee charged in case of an early withdrawal from the user’s game balance
50% of the 1% Marketplace commission fee is used for the purchase of LFG and burning them
0.5% Royalty Fee from each sale of LFGSwap Robbies NFT Earn Collection
1% Royalty Fee from each sale of NFTs Collection
15% from IDOs revenue
