Token

$LVL is our native token.

Let's cut to the chase and jump straight into the guts! Token: $LVL Token = Circulating Supply / TVL - Redeem Token for "share" of TVL. - Redeem Token for 1/1 Art Upgrade by 0xSe7en or any of our other community artists! - HODL the Token for maximum value.

Tokenomics: Token= Circulating Supply / TVL Let's identify a few terms and how we plan to use them: - Tokenomics: refers to the relationship between token and economics, aka supply and demand characteristics of a cryptocurrency project. Where does the token find its value. - Art Upgrade: 1/1 Art Upgrade by 0xSe7en, or, any of our other community artists. We will onboard and be a platform not only for gamers, but artists as well, the way we will showcase these will be interesting and more will be revealed later! :) - TVL: "Total Value Locked." Also known as the "Holder redemption wallet" - this gets added to based on the performance of the team that month. We will discuss how we distribute funds below! - Circulating Supply: The amount of tokens that have been distributed (via the staking system). - Staking System: Incentivizes holders to stake their NFT in order to get the rewards of the token. We want to keep the NFT's OFF the marketplace, yes, harsh but required. No 'lock-up' period but they are 'locked-up' in the staking vault until you 'unstake.' - POST Token Distribution: To Be Announced. Why are we different than any other staking project? Our Token will be directly related to a wallet holding USDT that holders can redeem from. Let's give some examples! EXAMPLE #1: If you purchase 1 out of the 10,000 NFT's and everyone goes to STAKE their NFT's when staking goes live (for this example, assuming we get 100% participation and everyone stakes...) you, individually with your 1 NFT will be accumulating LVL (our native token). 1/10,000 of the tokens being distributed. Everyone accumulated and holds onto their tokens. At the end of the first month when the TVL or "Holder redemption wallet" receives its first deposit, you will be able to redeem your tokens you have accumulated for your "share" of the TVL. IF [Token=CirculatingSupply/TVL] and the TVL gets a 10,000.00 USDT deposit, you are entitled to 1/10,000 (or 0.0001) of the TVL, which equates to 1.00 USDT. Likewise if you own 10% of the NFT's in circulation, you are staking all of those NFT's (and everyone else is too), you are entitled to 1,000/10,000 of the circulating tokens. If the TVL gets a 10,000 USDT deposit the first month, you are entitled to 1,000 USDT. Now. This amount and distribution changes based on the 'market' and the amount of people staking, holding, and accumulating the token. If you are the only person staking, you are entitled to 100% of the circulating supply and therefore are entitled and control the TVL. EAMPLE #2: If 1000 NFT's are listed on secondary market, 5000 NFT's are staked (locked up), and the rest are just hanging out in a wallet. This is how that would break down: The 5000 NFT's would all be receiving the token, the 1000 listed NFT's do not accumulate the token but, if purchased, will continue to yield the token until the token has been fully minted/distributed. The way that translates to the TVL is: The 5000 NFT's will generate tokens (assuming they started staking at the same time). At the end of the month if this remains the same, the 5000 NFT's that were generating the token will have their fair "share" of the TVL. Less NFT's staked = Less tokens in circulation = Bigger payout PER Token. It's a win win scenario. It pays to stake. DISTRIBUTIONS: Treasury Wallet (Team managed) - This is the wallet where the TVL deposits will come from. How the team navigated the markets and puts the project in a spot to receive maximum value... (Yeah ok, how do you do it!) Anything in excess of our 'costs' will be distributed as followed: 20% Treasury Wallet - We have to compound, if not the returns will never grow. 20% Tax Wallet - Holders able to redeem what we don't "need" at the end of the fiscal year. 5% Team Wallet - Majority of team is paid weekly @ a monthly salary basis. 5% Giveaway's/Marketing/Spending - We will put this towards giving back to (everyone). 50% Holder Redemption Wallet - Majority of these funds will be deposited here. ^ The USDT value will change based on the teams performance. The reasoning we chose to do it this way? Simple! It's short and sweet. Easy to understand. Legally compliant.