LVL Utility Token
LVL is the protocol utility token of the LEVEL ecosystem.
Ticker: LVL
Total supply: 50,000,000
Contract address: 0xB64E280e9D1B5DbEc4AcceDb2257A87b400DB149
PancakeSwap LVL/BNB LP: https://pancakeswap.finance/info/pairs/0x70f16782010fa7ddf032a6aacdeed05ac6b0bc85
Allocation | Amount (LVL) | Percentage |
|---|---|---|
Liquidity Providers | 18,000,000 | 36% |
Community incentives | 17,000,000 | 34% |
Team | 10,000,000 | 20% |
DAO / Strategic | 5,000,000 | 10% |
TOTAL | 50,000,000 | 100% |
- Community incentives are for various campaigns and mechanisms to focus on user acquisition, user retention and most importantly trading volume growth.
- The team allocation has a 4-year unlock duration and is used to incentivize and align some of the most capable minds in the industry. Team tokens will unlock every 12 months. The first unlock (1/4 of team allocation) occurs in December 26th, 2023, 12 months after LVL token has launched. Note that a portion of the team allocation of LVL tokens (locked or unlocked) can be staked in the DAO.
- The strategic investor allocation has been set aside for external contributors. If you would like to contribute to the LEVEL project, please contact us on Discord. We are exploring a handful of opportunities to sell LVL to high-profile strategic partners. All proceeds from the sale go to the LEVEL DAO Treasury.
As a general principle, the LVL token distribution follows a fixed supply, decaying emission model. This means that, as time passes, emission keeps decreasing according to a fixed schedule. This is a way of rewarding our early users.
The current LVL emission is based on #LIP08: Balancing Rewards, voted on by the LEVEL DAO in February 2023.
Allocation | per day |
|---|---|
LVL/BNB LP | 1,000 LVL |
Senior Tranche | 500 LVL |
Mezzanine Tranche | 1,000 LVL |
Junior Tranche | 500 LVL |
Loyalty Program | 16,000 LVL |
TOTAL | 19,000 LVL per day |
The emission chart below assumes a gradual LVL emission reduction on a monthly basis. To align with future strategic plans, such as cross-chain expansion, the LVL emission schedule can only be changed if voted by DAO governance.
Last modified 8d ago