Lillion DeFi (LIL)Tokenomics & Distribution
Chain: BNB Smart Chain (BEP20)
Earn LIL from Farms and Pools, win it in the lottery, or buy it on the exchange, then explore its use cases:
- Stake it in Pools to earn free tokens
- Use it in Yield Farms to earn more LIL
- Buy Lottery tickets in the Lottery (coming soon)
- Participate in IFO Token Sales (coming soon)
- Create your Lillion Profile and mint NFTs (coming soon)
- Vote on proposals relating to the Lillion ecosystem
But that's not all -- there's much more on the horizon for LIL!
$LIL is a fungible, inflationary, cryptocurrency. It makes possible the economy inside the DeFi. It also will help as a bridge between binance Network and the rest of the blockchains in our efforts to make the Lillion multi-chain.
$LIL is burned, or spent, in exchange for Services, NFTs & Fees. There are many utilities for Lillion NFT and LIL-Tokens.
Max Supply - 750 million LIL.
In addition to the above, a dynamic amount of $LIL is also minted to the Dev address at a rate of 9.09%. This means that if 100 $LIL are harvested, then 9.09 LIL is minted in addition and sent to the Dev Address.
All $LIL minted to the Dev address is used for development & other expenses by the community voting process & if not used burn and never enter circulation.
Reward/block (% of emission)
Farms and Lottery
It has become a common practice to offer private sales to a select number of large volume buyers, often with no cap on the number of tokens available to each buyer. This formula is sometimes even repeated in the public sale allowing “whales” to purchase a huge amount of tokens and later wield the power to manipulate the market for personal gain.
We are acutely aware of this and to combat the issue we have incorporated an anti-whale mechanism in our token sale platform to keep things simple. Each wallet will be limited by vesting.
Only NPC NFT holders can participate in LIL earnings.
- 0.0575% of every trade made on Lillion DeFi
- 20% of LIL spent on lottery tickets
- 100% of LIL spent on Profile Creation and NFT minting
- 100% of LIL bid during Farm Auctions
- 100% LIL to Buy Land & Property
- 100% of LIL performance fees of various types of platform services
Lillion aims to make deflation higher than emission by building deflationary mechanisms into Lillion's products. The goal is for more LIL to leave circulation than the amount of LIL that's produced.
By reducing the amount of LIL made per block, we slow inflation.
Regular token burns are built into many of Lillion's products (like a 10% burn of LIL spent on lottery tickets), with more on the way.