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DAO Sharing Economy
Learn how to earn more on LocalTrade products by engaging new users.
Any user who wants to build a lasting passive income stream, can become a DAO member and start receiving a part of LocalTrade’s profits on an ongoing basis.
In order to become a part of DAO Sharing Economy, you are required to stake LTT tokens.
Each new level opens access to a deeper level in the referral tree, allowing you to receive profits from your indirect referrals.
Level 1 — you receive profit from your referralLevel 2 — you receive profit from your referral’s referralLevel 3 — you receive profit from referral of your referral’s referralLevel 4 — you receive profit from your referral’s referral’s referral’s referral ... Hope you get it
Means: You invite a friend to use DeFi lab → When he claims profits you receive 35% of the fees he paid to DAO → Your friend invites more friends to receive DAO rewards → When your friend’s friends claim staking rewards, you receive 15% of the fees they pay to DAO → Friends of your friends invite more friends → You also receive profits from these indirect referrals.
The more LTTs you stake, the more indirect referrals will provide you with DAO rewards. For more info check the table of DAO tiers bellow.
DAO Sharing Economy Tier includes both LTT staked in Farming Vaults and unclaimed tokens from Token Sale.
➕ DAO Tier goes up when you stake LTT in the Farming Vaults.
➖DAO Tier goes down when you claim unlocked LTT or withdraw LTT from the Farming Vaults.
Depending on the amount of staked LTTs, DAO members will receive bonus from up to 15 levels of their referral network:
Tier | Depth | LTT's to stake | DAO Reward |
|---|---|---|---|
DeFi Curious | 1 | 200 LTT | 35% |
DeFi Adopter | 2 | 400 LTT | 15% |
DeFi Enthusiast | 3 | 800 LTT | 10% |
DeFi Enjoyer | 4 | 1200 LTT | 5% |
DeFi Entrepreneur | 5 | 2000 LTT | 5% |
DeFi Expert | 6 | 2800 LTT | 5% |
DeFi Connoiseur | 7 | 3600 LTT | 5% |
DeFi Ambassador | 8 | 4800 LTT | 2.5% |
DeFi Visionary | 9 | 5200 LTT | 2.5% |
DAO Member | 10 | 6000 LTT | 2.5% |
DAO Influencer | 11 | 6800 LTT | 2.5% |
DAO Advisor | 12 | 7600 LTT | 2.5% |
DAO Governor | 13 | 8400 LTT | 2.5% |
Venture Capitalist | 14 | 9200 LTT | 2.5% |
Angel Investor | 15 | 10 000 LTT | 2.5% |
Down below we enclose details regarding how DAO Sharing Economy works with different LocalTrade products. For each product, the amount of rewards will differ, so please check the specifics:
We allocate NeoBroker DAO revenue stream as follows:
• 20% of carry is sent to the Operational Vault and used to cover LocalTrade’s operational expenses;
• 20% of carry is allocated for the LTT/BUSD liquidity pool, in order to incentivize the token’s value growth;
• 60% is allocated for DAO members.
100% of DAO fees from Farming Vaults are routed to the DAO Members
Each time you claim reward from DeFi lab you pay DAO fee. This fee is distributed among the eligible DAO members, according to table 1. Fee amount will differ for the each Vault type:
- Supreme Vaults — 10% of claimed tokens.
- Static APR Vaults — 15% of claimed tokens.
- LP Farming Vaults — 10% of claimed tokens.
Any tokens remaining after the distribution will be kept in the smart contract and burned afterwards.
Liquidity Providing & Staking in LP Farming Vaults is not recorded in DAO Tiers
Similar to the investment fund model, LocalTrade is eligible for a carry fee — 20% from the profits users make on NeoBroker.
DAO Rewards from the NeoBroker Smart Fund are distributed in BUSD. Amount of rewards is calculated according to the Table 1. All BUSD tokens remaining after the distribution will be kept in the smart contract and used to buy back LTT from the PancakeSwap liquidity pool.
Last modified 1yr ago