$LCD Token
The LCD token serves as the utility token of Lucidao, providing a variety of benefits and use cases for holders. One key use case is the ability to create proposals, vote, and delegate voting power. By holding LCD tokens, you can participate in important governance decisions and have a say in the future direction of the protocol.
Why hold LCD token?
LCD is the utility token of Lucidao. For now, you can use your LCD tokens to create proposals, vote and delegate voting power.
LCD holders are entitled to vote on important governance decisions. Please note that anybody with 1% of LCD delegated to their address can propose a governance action.
The LCD token may also appreciate in value if demand for the platform's services increases.
Liquidity Mining Rewards. Liquidity mining rewards are incentives provided to individuals who provide liquidity to the LCD trading pair on a decentralized exchange.
Holding LCD utility token can sometimes provide holders with discounts or other benefits within the platform (more to be announced).
Tokenomics of LCD Token
Tokenomics refers to the economic system underlying the LCD token, which includes the rules and incentives that determine token distribution, utilisation, and exchange within a blockchain network. Tokenomics helps to align the interests of the token holders, developers, and users, and incentivizes behaviors that benefit the network and its ecosystem.
Token Allocation
A total of 880 million LCD tokens were minted during the TGE (Token Generation Event) with the following allocation breakdown:
66.00% to To governance treasury and allocated as community decides: 580,800,000 LCD
20.00% to pre-sale participants: 75,000,000 LCD (Pre-sale 1), 101,000,000 LCD (Pre-sale 2)
10.00% to Treasury with 1-year vesting: 88,000,000 LCD
4.00% to DEX liquidity: 35,200,000 LCD
Where to Buy LCD Token
How do I check the price of LCD
The following tools are available to for the Lucidao token, such a the spot price, the current market cap, volatility and more:
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