🎇Token Distribution

XD is Yours, Truly

TL;DR

• 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

Summary	Amounts
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%

Detailed Allocations Summary

Token Holders	Total Number	Token %	Comments
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%	Snapshot
Airdrop Fund	1,000,000	1.00%	Airdrop targeting xBTC liquidity providers
Total	100,000,000	100.00%	Total

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

Comparables

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.

Protocol	Team + Advisors	Private Capital	Community/Future protocol Usage	LBP	Liquidity	Others	Total	Details
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.