๐ชLCG
Utility token of Land Chronicle
Last updated
Utility token of Land Chronicle
Last updated
We thought creating NFT, issuing tokens, and making mining system could be done by anyone who wanted to go ahead with the project. Therefore, we thought that it was essential to improve the value of mined tokens in order to make difference from other projects. In order to realize this, it was decided that the most important key was to make a practical use and burn pit of the token to ensure its utilization.
We want to make a structure in which the number of tokens burned when the ecosystem is activated is larger than the number of tokens that are issued. In addition, we would like to contemplate and discuss with the participants of the Land Chronicle ecosystem and Community how to use the inflow of tokens for burning.
LCG is the Land Chronicle Gem, a utility token for Land Chronicle. 2 LCG tokens are generated per block, approximately 172,800 LCG tokens are issued per day. The total supply is 300,000,000 and a half-life may apply depending on the decision of the Land Chronicle members in the future.
A total of 1,000,000 LCG will be issued in advance and the remaining 299 million will be mined.
20% of LCG total supply is allocated to LAND NFT 1.0
LCG auto-mining through LAND NFT 1.0 has started on 09/14/2022, auto-mined LCG tokens were unlocked 11/13/22.
As the minting quantity increases, the amount of LCG tokens mined also increases.
20% of LCG total supply is allocated to LAND NFT 2.0
After 24 hours of minting LAND NFT 2.0, LCG auto-mining allocated to LAND NFT 2.0 will start.
Regardless of LAND NFT 2.0 sales, LCG continues to be mined and stacked.
As the minting quantity increases, the amount of LCG tokens mined also increases.
10% of LCG total supply is allocated to NFT Planting.
NFT Planting has started on 01/13/2023.
10% of LCG total supply is allocated to LCG Planting.
LCG Planting has started on 03/03/2023.
Total 20,000,000 LCG tokens are used for 20,000 ODi NFT minting.
โถ LCG Token Contract https://www.klaytnfinder.io/token/0xef632e070df56371ad33a85148de398104ec55ab
When you receive LCG tokens auto-mined from Yggdrasil, a 20% fee occurs.
16% - LP 8% - LIF 2% - Treasury 2% - Burn
When you receive LCG tokens from NFT and LCG Planting, a 10% fee occurs.
8% - LIF 1% - Treasury 1% - Burn
The generated fees are actively utilized to operate the Land Chronicle ecosystem.
โ LP: Liquidity Pool, which provides liquidity for LCG and $KLAY. โ LIF: Land Insurance Fund, the collected funds are used for the stable operation of the ecosystem, such as additional liquidity supply, buybacks, and event rewards. โ Treasury: Provides funding for marketing progress and further project development.
