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Tokenomics
Tokenomics have been designed in a very deliberate manner.
- 1.To maximize the number of tokens in the hands of holders.
- 2.With tokens allocated towards the Staking Contract, CEX Listings and liquidity are locked and excluded from dividends.
- 3.To have a healthy balance between private sale, presale, initial liquidity and what is rewarded to staking participants, or for listing on additional exchanges.
- 4.And to ensure long-term sustainability, we chose a staking emission runway of ~3 years.
We propose a maximum supply cap of 1,000,000 $LUCKY.
We are unable to mint additional tokens. Having a max supply cap ensures value and sustainability for the $LUCKY token.
We've identified 1,000,000 tokens split in the manner that we propose as the salient point for optimal token design with regards to (i) having a sustainable max token supply (ii) introducing new token utilities (iii) Liquidity provision for $LUCKY CEX listings
Assuming no changes to our ongoing rate of emissions (0.015 $LUCKY per block) and the staking contracts pool of 450,000 $LUCKY, this gives us an approximate runway of 3 years, before the circulating supply reaches the proposed max cap.
We are here to build for the long-term, and this principle underpins our tokenomics.
Overview of Calculations
Text | Calculations |
|---|---|
Initial $LUCKY tokens available to Public | 363,710 |
Number of blocks per year | 10,512,000 |
Number of $LUCKY emitted per block | 0.015 |
Number of $LUCKY emitted per year | 10,512,000 * 0.015 = 157,680 $LUCKY |
Runway
( Staking contract / annual emission ) | 450,000 / 157,680 = 2.85 Years |
So based on our Staking emissions we expect the token to reach maximum supply over the course of ~3 years. During this time revenue generated via token transactions and Lucky's Games, will be used to acquire and burn $LUCKY, resulting in a max supply below 1,000,000.
Snapshot of initial Tokenomics
Text | % | # |
|---|---|---|
Initial Burn | 0.1% | 612.5 |
Private Sale | 9.8% | 97,500 |
Presale supply | 17% | 170,000 |
Liquidity (locked) | 10.2% | 101,887.5 |
Staking Contract (locked) | 45% | 450,000 |
CEX Listing (locked) | 10% | 100,000 |
Team | 7% | 70,000 |
Marketing/Giveaways | 1% | 10,000 |
Total | 100% | 1,000,000 |
Last modified 8mo ago