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Tokenomics for $LWT

Draft Vision

1. Total Supply

  • Total Supply: 100,000,000 $LWT

  • Inspired by Bitcoin's smallest unit, the satoshi, equating to 0.00000001 BTC, the total supply is set at 100 million to facilitate ease of understanding and transaction.

2. Allocation

  • Community Fund (20%) Unlocks linearly over six months post-fundraising, supporting gradual market entry and community engagement.

  • Liquidity Pools (30%) Ensures liquidity on decentralized exchanges, crucial for token stability and accessibility.

  • Presale (50%) Initial funding for project development and operations.

3. Use and Mechanism

  • Governance $LWT is used primarily for the governance of the LuckyWeb platform, allowing token holders to vote on key decisions.

  • Buyback and Burn:

    • Mechanism Conducted directly on decentralized exchanges for transparency.

    • Token Disposal 50% of bought-back tokens are burned to reduce supply and increase scarcity, while the remaining 50% is stored in the community treasury for future governance and development.

  • Governance Activation Triggers when no single non-treasury address holds more than 10% of the supply, ensuring fair power distribution.

  • Voting Rights All token holders can vote, with required consensus thresholds set at 10%, 30%, and 50%, depending on the proposal's importance.

4. Security and Openness

  • Open Source All code is open source, allowing community auditing and verification to ensure integrity and security.

  • The community is encouraged to participate in the ongoing review and improvement of the smart contract code.

5. Incentives and Rewards

  • Specifics of developer and community incentives will be defined by the community, aligning rewards with strategic goals and engagement.

6. Future Development

  • New Games: Development plans for lottery and binary options games to diversify gaming options and attract a wider audience.

7. Ongoing Development of Tokenomics

  • The tokenomics are still being refined and will be fully developed into the smart contracts once finalized. This ensures that all rules are transparently and securely encoded into the blockchain.

This comprehensive model aims to provide a clear and structured economic framework for $LWT, fostering transparency, community involvement, and sustainable growth for the LuckyWeb platform. The open-source nature of the project and the community's involvement in auditing and refining the system underscore a commitment to security and democratic governance.

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