🎓Tokenomics
Last updated
Last updated
Leverage Protocol has a total token supply of 618,000 with a maximum wallet holding of 4% of the total supply. This is designed to prevent large holders from having too much control over the platform's governance and to ensure a more decentralized distribution of the tokens.
In addition, there is a 5% buy and 5% sell tax on every transaction, which is split between stakers and marketing wallet. This helps to incentivize users to hold and stake their tokens, while also providing essential funds for working on the outreach of the protocol.
The staking rewards will be distributed to stakers on a daily basis, providing a sustainable source of income for those who contribute to the platform's liquidity. This will helps to ensure a healthy and robust ecosystem, with a strong focus on incentivizing participation from users.
Furthermore, the buy and sell tax helps to prevent large price swings and market manipulation, as well as discouraging users from making frequent transactions. This encourages users to take a longer-term investment approach, which is more beneficial for the platform's stability and growth.
Overall, the tokenomics of Leverage Protocol are designed to ensure a fair and equitable distribution of the tokens, while also incentivizing users to hold, stake, and contribute to the platform's liquidity. With a focus on sustainability and decentralization, Leverage Protocol is well-positioned to become a leading perpetual trading platform in the fast-paced world of decentralized finance.