Token Allocation and Price
$LST : LAVA Spending Token
Total Supply: 50,000,000 (50 Millions Tokens)
1. Token Distribution/Allocation
14% Team: Lava project, we planned to allocate 14% of our total LST token supply with a vesting schedule of 3 years with a 1-year cliff and then receive quarterly distribution for the next 2 years cliff.
5% Advisor: We cannot proceed without our strategic partners, who are our advisors. We planned to distribute our LST tokens for 5% of the total supply with a 2-year cliff and monthly distribution for the next 2 years.
4% Partners: For our strategic partner who helps modernize and nurture the technical stuff, we also allocate 4% of LST tokens.
12% Private Sale: Our early investor is the one who will help to shape this project to be tangible. 12% of the LST tokens of the total supply will be allocated for the private investment with a vesting schedule of 2 years, a 1-year cliff, and monthly distribution for the next 1 year.
10% Public Sale: We also set 10% of the LST tokens for the public token sale.
30% Treasury: We set aside 30% of the total supply of the LST token for our further development fund, operational fund, marketing fund, partnership and collaboration fund, and emergency fund.
25% Rewarding/Community: 25% of LST tokens are also allocated for community building, rewarding participants, and conducting airdrops, which is an essential aspect of fostering engagement, encouraging participation, and increasing awareness of our project.
2. Vesting Period
Team
7 Millions
14%
1y lock with 2y linear unlock
Advisor
2.5 Millions
5%
1y lock with 2y linear unlock
Private Sale
6 Millions
12%
1y lock with 2y linear unlock
Public Sale
5 Millions
10%
instant unlock
Partners
2 Millions
4%
instant unlock
Treasury
15 Millions
30%
for the development and growth
Rewarding/Community
12.5 Millions
25%
for users-reward
Total
50 Millions
100%
3. Token Emissions
4. Governance Token and Usage
Rewarding Users:
+ Activity-Based Rewards
Delivery participation: Users earn LST tokens by participating in delivery tasks. The more deliveries they complete, the more tokens they earn.
Referral Program: Users who refer others to the platform receive LST tokens for each new user who signs up and completes their first delivery purchase.
+ Milestone Achievements
User Milestones: Reward users when they reach certain milestones, such as completing their 50th delivery, earning 100 positive reviews, or spending a certain amount on the platform.
Event Participation: Users can earn tokens by participating in community events, challenges, or special promotions organized by Lava.
Buying NFT:
Exclusive Access: Users can use LST tokens to purchase exclusive NFTs that can only be bought with LST.
Functional NFTs: Create NFTs that provide certain benefits or utilities within the platform. For example, an NFT that grants the priority access to services or special badges.
Voting and Governance:
Proposal Creation: Allow token holders to create proposals for platform improvements, new features, or policy changes. Each proposal can require a certain number of LST tokens to be submitted.
Voting Mechanism: Implement a decentralized voting system where each LST token represents one vote. Users can vote on proposals using their tokens, ensuring that those with a vested interest have a say in the platform’s future.
Note: in LAVA all users need to use LST tokens for every transaction, and we also want to encourage desired user behavior by offering utility through tokens and incentivizing users to take actions that benefit the platform, which we can improve for future development.
5. Prices
The price of a token for private sale is $0.005 per token, and after the private sale is closed, the price is expected to be $0.01 for public sale.
6. LAVA Dynamic NFT
On LAVA platform, all users need to own one Dynamic NFT, which they can use to deliver, order, and sell their product.
7. Secondary Market
On our platform, a secondary market is a marketplace where LAVA tokens can be bought, sold, or traded after they have been initially issued. $LST (LAVA Spending Token) is the core of our decentralized delivery ecosystem.
Beyond its primary use within the platform, $LST can also be traded and utilized in secondary markets, providing additional value and liquidity to all participants in our ecosystem. This market is driven by supply and demand dynamics, where token holders can exchange their $LST for other cryptocurrencies or fiat currencies.
By participating in this market, users can maximize the value of their engagement with our LAVA platform, further driving the growth and success of our ecosystem.
Last updated