Distribution of LCAT
Last updated
Last updated
To further empower our NFTs and drive the sustainable development of the project, we have decided to issue LCAT on the Polygon blockchain. The primary purpose of LCAT is to support our upcoming series of games and to enhance our continuously evolving on-chain gaming ecosystem.
The total supply of LCATs is [10,000,000,000], and we will distribute through public sale and airdrop. The distribution of LCAT will occur primarily through public sales and airdrops to NFT holders (managed through a community account). Specifically, the total LCAT supply will be divided into following categories:
Among the total supply of LCAT, 20% will be directly allocated to a community account and subsequently airdropped to NFT holders who support the growth of this project, distributed in batches. This distribution will be divided into the following three categories:
General Airdrop:
Allocation: 25% of the 20% total supply.
Distribution: Evenly distributed to all NFT holders to ensure broad participation and reward existing supporters.
Trait-Specific Airdrop:
Allocation: 25% of the 20% total supply.
Distribution: In specific events, we will conduct separate airdrops for NFTs with certain traits.
Overall Rarity-Based Airdrop:
Allocation: 50% of the 20% total supply.
Distribution: Based on the overall rarity ranking of the NFTs. The higher the rarity, the more LCAT will be allocated to the holder. This incentivizes the collection of rare NFTs and rewards those who possess them.
These allocations ensure a fair and engaging distribution of LCAT, rewarding both general participation and the ownership of rare and unique NFTs within the Liberty Cats ecosystem.
70% of the total supply will be sold through whitelist and public access. The revenue from public sales will be directed into the community account. All revenue will be used to support our community's development. This public account will be used to help build the game, run the community, invest in financial markets to earn more benefits, and hold events to strengthen our community, all aimed at better developing our project. The detailed usage of this allocation is divided as follows:
Asset Management: 30% (used for investing in Bitcoin, etc.)
Community Incentives: 25% (used for airdrops, rewards, activities, and other initiatives aimed at encouraging community participation and contributions)
Team and Advisors: 15% (used to reward the core team and advisors for their hard work)
Development Fund: 10% (used for project development and technical support)
Marketing: 10% (used for marketing and brand building)
Liquidity: 10% (used to increase market liquidity).
The remaining 10% of the LCAT supply will be used to enhance liquidity and will also be directly airdropped to the community account. This allocation is crucial for ensuring smooth trading and stability in the market. By bolstering liquidity, we aim to facilitate easier transactions and reduce price volatility, which benefits all token holders.
To better visualize the distribution and flow of LCAT tokens, the flowchart below provides a comprehensive overview:
To support the sustainability and value appreciation of LCAT, a portion of the allocations for Asset Management and Community Incentives will be periodically used for token burning. This process involves permanently removing tokens from circulation, which helps to reduce the overall supply and increase the scarcity of the remaining tokens.
• Asset Management: In addition to investing in assets like Bitcoin, a portion of the returns from these investments will be allocated for token burning. This ensures that a percentage of the profits generated from these investments directly contributes to the deflationary mechanism of LCAT.
• Community Incentives: While primarily used for rewarding community participation through airdrops, rewards, and activities, a portion of the Community Incentives budget will also be used for periodic token burns. This dual approach not only incentivizes community engagement but also supports the long-term value of LCAT by reducing the circulating supply.
By incorporating these periodic burns, we aim to maintain a healthy token economy, ensuring that the value of LCAT is supported by both active community involvement and strategic asset management. This balanced approach helps to create a sustainable and thriving ecosystem for all Liberty Cats holders.
This portion of LCAT in the community account will be managed transparently to support the overall health and sustainability of the Liberty Cats ecosystem.
