LOST Tokenomics
LOST TOKEN
Avalanche Contract Address : 0x449674B82F05d498E126Dd6615a1057A9c088f2C
https://snowtrace.io/token/0x449674b82f05d498e126dd6615a1057a9c088f2c
Do not interact with any other contract address claiming to be the LOST Token
The LOST token is designed to be deflationary, meaning that its supply decreases over time. Whenever a geoNFT is created or minted on the platform using LOST, a percentage of the LOST is sent to a "black hole" wallet, which is essentially a wallet that cannot be accessed or used either indefinitely or for a defined period of time. This LOST is effectively removed from the circulating supply of tokens, which creates a constant reduction in the total supply of LOST over time.
In addition to this, whenever a geoNFT is created or minted on the platform using an alternative payment method (such as another cryptocurrency or cash), the platform takes a fee, which is used to purchase LOST off the market and send it to the black hole. This not only reduces supply, but creates buy pressure on the market.
Lost Worlds also increases the amount of LOST tokens that are burned by releasing new tokens from the treasury (at minimum matching the dollar amount of mints happening on the platform in LOST) and sending them to the black hole wallet. This process results in further reduction of both the circulating and total supply of LOST.
Users of the Lost Worlds platform can earn LOST tokens by participating in special geoNFT drops and completing quests, as well as through staking LOST tokens. Whenever LOST tokens are emitted through these means, a corresponding amount of LOST is sent to the black hole wallet, which helps to reduce the total supply of LOST in circulation.
- | Distribution | Lost Token | Vest |
|---|---|---|---|
Private Round | 9.5% | 3,750,000 | 10% TGE,120-day cliff, daily vesting for 18 months |
Public Round | 4% | 2,000,000 | 25% TGE, 1 month cliff, weekly vesting for 3 months |
Future Rounds | 6% | 4,000,000 | - |
LOST Ecosystem Fund (treasury) | 14% | 7,000,000 | - |
Staking/Governance Rewards | 15% | 7,500,000 | - |
Platform Rewards | 20% | 10,000,000 | - |
Team | 17% | 8,500,000 | 1y lockup, linear vesting for two years |
Liquidity | 5% | 2,500,000 | 100% at TGE |
Advisors | 2.5% | 1,250,000 | 1 year cliff, monthly vesting for 2 years |
Professional Services | .5% | 250,000 | - |
Airdrops | 1% | 500,000 | - |
Development Bounty Fund | 3% | 1,500,000 | Bounty Based |
Marketing/KOL | 2.5% | 1,250,000 | 12% TGE,120-day cliff, daily vesting for 18 month |
The information provided pertains to the LOST token, the native token of the lostworlds.io. Certain information in this document and oral statements made in any corresponding from the company are not forward-looking statements and not anticipate any financial position. Although the Company believes that the expectations reflected are reasonable, there can be no assurance that such expectations will prove to be correct. There is no guarantee for future results, level of activity, performance, or the distribution plan described here. No representation is made that the actual results achieved will be the same, in whole or in part, as those set out in any forward-looking statements or financial projections. Additional information as to other parts of the Company's business outside is available upon request. LOST tokens are not shares or securities of any type. They do not entitle to any ownership or other interest in any company representing, or doing work with the Lost Worlds platform.