Economic Design
Last updated
Last updated
Lambswap Token (LST) is the utility and governance token of LambSwap. If you hold LST in your wallet, you receive a discount on fees. LST is native to the Binance smart chain (as an BEP20), Polygon blockchain (as an ERC20 and is also available on the Solana blockchain (as an SPL token).
LST will be majority owned by the community, with almost two-thirds (73%) of the total supply distributed to the larger community.
50% of LST’s total supply is allocated as “community incentives,” to be distributed across a wide variety of initiatives:
Airdrops
LP rewards
Trade mining rewards
Trading fee cash backs
Staking
And more to be announced
Incentivize trading, aka the “Trading Black Hole”
Govern the LambSwap protocol in a decentralized manner
Progressively decentralize towards majority ownership by the community
Reward positive user actions and community contributions
Permissioned access to content and apps
Fund growth efforts and community projects
Complement and accrue value to the $LST token, LambSwap community, and other NFT and GameFi ecosystem asset
To ensure a balanced distribution of LST that fulfills the above-mentioned first principles, the weighting of LST’s community distribution will be adjusted seasonally.
These seasonal adjustments will be informed by closely tracked metrics, and will eventually be determined by community governance.
Since the coin is deflationary, the supply keeps decreasing with every transaction ensure limited availability in near future. Deflation comes with burn wallet being one of the holder of $LST tokens, hence participating in LP acquisition and auto burning tokens.
LambSwap 4 simple functions: LP acquisition + Burn + Buy Back + marketing purposes. In each trade, the buy transaction is charged a 6% and sell transaction a 10% fee, which is split 2 ways.
Reflection Rate: 6% buy fee will be reflected as follows
{Burn 1%, LP 2%, Marketing 1%, Buy Back 1%}
Automatic Liquidity and burn mechanism
Reflection Rate: 10% buy fee will be reflected as follows
{Burn 2%, LP 4%, Marketing 2%, Buy Back 2%}
Automatic Liquidity and burn mechanis
10000 LST / block
Will be reduced at the time that needed based on market situations.
667,579,908 LST / day and gradually reduced up to 66,757,998 / day or lower until all tokens are mined
9.09% to the dev team to ensure essential growth of the project
There's a hard cap on the supply of $LST, with a burn mechanism making it a deflationary token.
$LST primary function is to become a deflationary utility coin with decreased supply and increased value over time, to incentivize people to mine it, hold it and use it.
All the transaction fee are used for LST token burning
All the rewards from accounts with no referrer are used for LST token burning.
50% of the trading fees are used for buying the LST tokens back from the market and burning them.
LST Auto Compound performance fee is used for token burning.
15% of LST from NFT Sales Revenue
Developing games for burning mechanisms. Regular token burns are built into many of LST's products.
New ideas and developments such as Predictions betting in progress.
Specification:
Token Name: LambSwap Token
Ticker: LST
Blockchain: Binance Smart Chain, Polygon, Solana
Standard: BEP20, ST-20, SPL
Max Supply: 1,000,000,000,000 LST
Circulating Supply: 85,000,000,000 LST
Allocation on-chains:
BSC: 39,000,000,000 LST
Polygon: 23,000,000,000 LST
Solana: 15,000,000,000 LST
Ticker Symbol: LST
Chain: Binance Smart Chain (BEP-20)
Max Supply: 500 000 000 000 LST tokens
Start of Supply: from 39 000 000 000 LST tokens (allocated for the IDO, initial liquidity, marketing, and strategic partnership purposes)
Contract Address:
Allocation of 366 billion LST tokens is as follows:
Farms / Launchpools: 80.7% per block
Referral Program: 4.3% per block
SAFU: 1% per block
Team: 9% per block
Investment Fund: 5% per block
Ticker Symbol: LST
Chain: Polygon Chain (SLT Token)
Max Supply: 300 000 000 000 LST tokens
Start of Supply: from 23 000 000 000 LST tokens (allocated for the IDO, initial liquidity, marketing, and strategic partnership purposes)
Contract Address:
Allocation of 277 billion LST tokens is as follows:
Farms / Launchpools: 80.7% per block
Referral Program: 4.3% per block
SAFU: 1% per block
Team: 9% per block
Investment Fund: 5% per block
Ticker Symbol: LST
Chain : Solana Chain (SPL token)
Max Supply: 200 000 000 000 LST tokens
Start of Supply: from 23 000 000 000 LST tokens (allocated for the IDO, initial liquidity, marketing, and strategic partnership purposes)
Contract Address:
Allocation of 177 billion LST tokens is as follows:
Farms / Launchpools: 80.7% per block
Referral Program: 4.3% per block
SAFU: 1% per block
Team: 9% per block
Investment Fund: 5% per block
