L7L Token Distribution

How will the L7L be distributed?

70 % of the total fixed supply of 100,000,000 L7L is reserved for the community of users, investors and ecosystem, whereas 30 % is reserved developers (the "devshare"). We believe that for a DAO like LE7EL, the devshare should at least be 30 % to make sure the initial developers retain a long term perspective. Other protocols with a smaller devshare have experienced a premature exit to community and stagnation in development. Additionally, the devshare is vested according to a staking schedule to further ensure that the developers are building for the long term.

Of the community share of 70 %, 10 % is reserved for an upcoming token sale where investors can swap LINK for L7L at a nominal price of 0,075 USD per L7L. Another 10 % is reserved for a secondary token sale where investors can swap ETH for L7L at a nominal price of 0,10 USD per L7L.The remaining 50 % is over time being distributed in form of betting, referral and other ecosystem rewards to stimulate the growth and decentralization of LE7EL. We incorporate Bitcoin's halving model where reward rates are halved at certain intervals, pushing the token price upwards:

  • Earn betting and referral rewards before the first token sale

  • Primary token sale at ~0,075 USD valuation & halving of reward rates

  • Secondary token sale at ~0,10 USD valuation & halving of reward rates

  • The reward rates are continuing to halve at certain intervals, pushing the price upwards