Tokenomics
Last updated
Last updated
Distribution of supply is set up to have the community take over from the team that is building LGCY. A total of 79% of the total supply (79 of out 100 billion) will never be in circulation. The team has decide to freeze and burn the majority with the Community Trust Initiative.
100 Billion lowered to 21 Billion. 33% of total supply are released for the team to keep the voting power and control over the network. These tokens will be burned to turn project over to the community and developers building on LGCY.
33% of tokens will be staked permanently to fuel sustainable ecosystem growth. providing the governing bodies with a perpetual fund supplying a revenue stream of USDL to support the future ecosystem development and project on-boarding forever.