💯Tokenomics

How we're structuring our Token to reward and incentivize our community.

The content below is WIP. Submit to change based on discussions, votes, and approval from the DAO.

Even though we've structured a sophisticated economic model for the project, the platform, and our governing token, our vision is to share it and validate it with our founding members before finalizing it under a sharable whitepaper.

Main goals of the Token:

• Create a decentralized organization that improves the LOP system based on user demands.

• Encourage and Incentivize developers to contribute to the development of LOP.

• Establish an LOP token economy that encourages community engagement.

• Recruit developers in various jurisdictions all over the world to expand the LOP protocol.

Main Tokenomics attributes of the project:

• ERC20 Smart Contract

• Two categories of Tokens:

Codename LOP

For community members:

• Redeemable for USDC 1:1

• Voting rights 1:1

• Minted each time USDC is deposited into the DAO Treasury through investment or lottery ticket (NFT) sale.

• Can be minted to Players as Rewards & to Pay Commissions.

• Backed by USDC commissions & by USDC deposited from purchasers of vLOP.

Codename vLOP

For founders and investors:

• Non-Redeemable for USDC

• Voting rights 1:1

• Minted 1:1 when USDC is deposited in the DAO Treasury.

Redemption Interface

This webpage will make it easy for LOP token holders to swap their LOP for USDC

Features:

• A web page that’s easily accessible on the LOP website

• A UI to swap LOP for USDC.

• A configuration to set various redemption criteria for limiting redemptions.

• The total number of redeemable LOP tokens in existence and the total amount of USDC in the DAO are always visible.