🎇Token Distribution
XD is Yours, Truly
Last updated
XD is Yours, Truly
Last updated
XD, the LENX Protocol Token has been curated on Fjord Foundry on 1/7/2024.
Frax Partnership / Seed valuation was at $10,000,000 in February 2022.
64% of the XD total supply is allocated to LENX community members, investors and team.
XD is available on the following pool at V1:
XD-WETH UniV3 LP
| Summary | Amounts |
|---|---|
LENX Flywheel
The flywheel effect involving XD and veXD tokens within the LENX Bitcoin Liquidity Protocol creates a self-reinforcing cycle that boosts liquidity and ecosystem growth. Entities buy XD tokens to participate in governance by converting these into veXD, allowing them to vote for increased reward allocations (gauge allocations) to liquidity pools involving their native chains and Bitcoin. This incentivizes more liquidity provision, enhancing the utility and demand for XD tokens, and encourages further participation in governance and liquidity provisioning. As the cycle continues, it drives sustained growth and cross-chain collaboration, aligning diverse blockchain ecosystems with the LENX Protocol's objectives of enhanced liquidity and decentralized finance expansion
We follow a token distribution similar to Uniswap, but instead of a large initial airdrop (net cost to the protocol), our tokens are slowly released to the public via various routes of incentives and partnerships.
| Token Holders | Total Number | Token % | Comments |
|---|---|---|---|
| Protocol | Team + Advisors | Private Capital | Community/Future protocol Usage | LBP | Liquidity | Others | Total | Details |
|---|---|---|---|---|---|---|---|---|
Seed Valuation FDV (Frax Valuation)
$10,000,000
Fully Dilluted Token Supply
100,000,000
Protocol Incentives
36%
Tradeable Tokens at Genesis
25%
Team
15%
Private Investment
7.5%
Treasury
5%
Protocol Owned Liquidity (POL)
4.52%
Advisors
3%
Strategic Round
2.98%
Airdrop
1%
Total
100%
Protocol Incentives
36,000,000
36.00%
LENX Flywheel
Public Launch - LBP
25,000,000
25.00%
LENX is community-driven. The LBP provides a transparent and fair distribution for the community.
Team
15,000,000
15.00%
Team allocation. Vested over 24 months
Project Treasury
5,000,000
5.00%
Team governed pool of XD.
Private Capital
5,000,000
5.00%
Lyrik Ventures
Initial Liquidity Pool
4,520,000
4.52%
xy=k pool; XD-WETH LP.
Advisors
3,000,000
3.00%
Comparable Frax 3%. Vested over 24 months
Strategic Round
2,980,000
2.98%
AlfaDAO, GHouse, and Angels
Frax Finance
2,500,000
2.50%
Airdrop Fund
1,000,000
1.00%
Airdrop targeting xBTC liquidity providers
Total
100,000,000
100.00%
Total
Uniswap
21.96%
18.04%
60%
100.000%
Compound
26%
24%
42.30%
7.73%
100.000%
Synthetix
20%
12%
60%
8%
100.000%
Balancer
35.30%
35.30%
14%
14%
1.20%
100.000%
Pre emissions, substantial dilution expected overtime from liquidity mining incentives
Curve
3%
35%
5%
57%
100.000%
Employees have 2 year vest. Private capital receives 5% premining Curve.