Find out how our token taxes apply
Each sale transaction helps to bring liquidity to the initial liquidity pool. This liquidity contribution is locked-in for 5 years.
When the liquidity pool is considered large enough, a referendum will be held for a community vote on a change in the allocation of this tax to through a program called “Kraken”. This program will be used to buy and burn LTY tokens in the market.
Each sale transaction rewards LTY token holders. The LTY holders receive rewards in LTY tokens in proportion to the amount of tokens held.
In the early months of our development, an additional tax is applied to LTY token sales transactions. This tax is fully allocated to the liquidity pool.
This project has indirectly received funding from the European Union’s Horizon 2020 research and innovation programme under project Block.IS (grant agreement No 824509).