Tokenomics

    Understanding the $Loofta Token

    Token Overview

    • Token Name: Loofta
    • Token Symbol: $Loofta
    • Blockchain: The Open Network (TON)
    • Total Supply: 1,000,000,000 $Loofta

    Token Distribution

    Airdrop

    15% of the total supply (150,000,000 $Loofta) will be distributed through an airdrop to early users who accumulate points by spending Jetton USDt on the platform.

    Staking Rewards

    20% of the total supply (200,000,000 $Loofta) will be allocated as rewards for users who stake $Loofta tokens on the platform.

    Platform Rewards

    25% of the total supply (250,000,000 $Loofta) will be reserved for ongoing rewards to incentivize platform use.

    Development Fund

    15% of the total supply (150,000,000 $Loofta) will be used for the continued development and improvement of the Loofta platform.

    Team and Advisors

    10% of the total supply (100,000,000 $Loofta) will be allocated to the founding team and advisors. These tokens will be vested over 3 years with a 6-month cliff.

    Marketing and Partnerships

    10% of the total supply (100,000,000 $Loofta) will be allocated for marketing efforts and strategic partnerships to promote the platform.

    Liquidity Pool

    5% of the total supply (50,000,000 $Loofta) will be reserved for liquidity on decentralized exchanges.

    Utility of $Loofta

    The $Loofta token serves multiple purposes within the Loofta ecosystem, including:

    • Transaction Fee Discounts: Users who stake $Loofta can receive discounts on transaction fees based on the amount staked.
    • Staking Rewards: Users can stake $Loofta to earn additional tokens as rewards, incentivizing long-term participation in the ecosystem.
    • Exclusive Features: Access to certain premium features and services on the platform may require $Loofta tokens, driving demand for the token.

    Staking Mechanism

    Staking Tiers

    • Tier 1: 1,000 $Loofta staked - 5% fee reduction
    • Tier 2: 10,000 $Loofta staked - 10% fee reduction
    • Tier 3: 50,000 $Loofta staked - 20% fee reduction

    Staking Rewards

    Rewards are distributed based on the amount of $Loofta staked and the duration of the staking period.

    Revenue Model

    Loofta’s revenue will primarily come from transaction fees, with additional revenue generated through premium services and partnerships. As the platform grows, the value of $Loofta is expected to increase due to higher demand and reduced supply through staking.

    Future Developments

    Loofta aims to continuously evolve its platform by introducing new features such as additional verification methods, enhanced dispute resolution mechanisms, and expanded support for various cryptocurrencies. The platform will also explore integration with other Web3 ecosystems to broaden its user base and utility.