Yield market protocol Timeless will launch Token LIT on January 9, 72% will be allocated to the community

2023-01-05 11:10:56BlockBeatsShare to:

BlockBeats news, January 5, according to official news, the yield market agreement Timeless will launch its Token Liquidity Incentive Token (LIT) on January 9, 2023, with a total supply of 1 billion, and its Token distribution model is as follows: 72% Owned by the community, 45% of which will be allocated according to the halving schedule every four years, 11% will be held by the community treasury, 10% will be sold through LBP (Liquidity Bootstrapping Pool), and 5% will be allocated to veMPH within 4 years through the pledge pool , the remaining 1% will be airdropped to early Timeless and Bunni users and Uniswap v3 liquidity providers; 25% will be released to the team within 4 years; 3% will be sold to investors in the seed round, locked for 6 months, and the release period is 1 year. The team stated that LIT is the core of the liquidity engine Bunni, which aims to maximize the liquidity of Uniswap v3, and the Bunni liquidity incentives will be launched on January 18, 2023. In addition, the community-oriented LBP sale will start at 4:00 a.m. Beijing time on January 10 and last for 7 days. The airdrop and veMPH staking pool were launched on January 25th.

LitentryIntro

Litentry is a networ...All

LitentryMarkets

Price	$0.73248 USD	Price Change (24h)	+1.17%	Trading Volume (24h)	$3,245,432.94 USD
Market Cap	$39,174,324.9 USD	Circulating Supply	39,619,382.63	Max Supply:	100,000,000

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