Token Utility
Max Supply: 100M LTT LTT Burnt: 59% Circulating Supply: 40M LTT LTT Circ. Supply Staked: 77%

Key Metrics

LTT token was created to power the LocalTrade ecosystem, it has limited supply, most of which is already burned and unique deflationary mechanisms, meant to create pressure on the token price.
There are various use-cases across CEX and DeFi Ecosystems of LocalTrade:

Use-cases:

๐Ÿšœ Farming Vaults โœ”๏ธ

  • Farming Vaults โ€“โ€“ currently the main use-case for LTT, with over 77% of total circulating supply locked in Vaults.
  • Stake LTT at Farming Vaults to increase amount rewards from DAO Sharing Economy.

โ€‹๐Ÿซ‚ DAO Sharing Economy โœ”๏ธ

  • Stake LTT at Farming Vaults to increases the potential amount of rewards from DAO Sharing Economy.
  • Partially, the DAO Sharing Economy rewards can be paid in LTT tokens.

๐Ÿš€ Launchpad โŒ›๏ธ (May 2022)

  • Stake LTT is to get into whitelist for private sale rounds at the Launchpad.
  • Boost allocation during the public sale round at the Launchpad. Booster allocation multiplier will be determined by the amount of LTT staked.
  • In future, more farming options will be introduced, including vaults for non-LTT tokens from Launchpad projects.

๐Ÿ”ต 0xPay Merchant APIโŒ›๏ธ (April 2022)

  • Stake LTT is to get into whitelist for private sale rounds at the Launchpad.
  • Boost allocation during the public sale round at the Launchpad. Booster allocation multiplier will be determined by the amount of LTT staked.
  • In future, more farming options will be introduced, including vaults for non-LTT tokens from Launchpad projects.
  • Merchant fees at 0xpay can be paid in LTT.
    • 20% discount on fees for merchants if paid in LTT.
    • Estimated monthly transactions volume of $30,000,000 We expect merchants to purchase around $240,000 in LTT each month in Q4 2022.

๐Ÿ’ธ Payments & CEX Fees โŒ›๏ธ (Q3-4 2022)

  • Pay fees in LTT to receive a discount:
    • Before Q3 2022: 50% discount on CEX fees, when paid in LTT.
    • After Q3 2022: 25% discount on CEX fees when paid in LTT.
  • Any token listings on LocalTrade CEX will be paid for in LTT.
  • Use LTT to have 20% lower commissions with crypto-debit card

๐ŸŽฎ GameFi projects โŒ›๏ธ (Q4 2022)

  • Use LTT as a premium in-game currency, to purchase in-game NFT assets (armor, weapons, etc.),
  • Create and mint NFT weapons using in-game resources and sell them for LTT on the NFT Marketplace.
  • (more info coming soon...)

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Token Burn Mechanisms

  • Until Q3 2023, we'll be burning 50% of all LTT tokens acquired from CEX fees.
  • 50% of new token listing fee burns
  • 0xPay Merchant API LTT fees burns
  • DAO Rewards leftover burns

Token Burn #1 โ€“โ€“ January 23, 2022

Total supply has decreased from 100,000,000 LTT to ~40,808,532.77 LTT