An introduction to LOOT Finance🧙.
An Experimental Self-Sustainable Community Governed Project.
What is LOOT Finance?!💯⚡
LOOTFinance is an experimental Self-Sustainable project. But what exactly does that mean?
Token burns that are vastly popular in the DEFI space help projects pump initially but most Uniswap projects just stagnate or even worse, experience an endless boring bleed.
To solve this LOOT proposes a new concept called the TREASURY, a revolutionary DEFI concept. It’s basically deflation with a productive use of the funds. Instead of burning, a percentage of every LOOT transaction is stored in the TREASURY. These tokens can be used for further project development, marketing, social media ads, CEX exchange listings and all the good stuff that help provide consistent growth of a project.
Deflation with a Twist!!! 👩‍🚀👨‍🚀
4% of every LOOT transaction is not burned but instead dedicated to a TREASURY address. LOOT treasury, after the completion of the presale 4% of every LOOT transaction is not burned but instead dedicated to a TREASURY address. The treasury is governed by the community and the funds are to be used for further development of the LOOT project. This TREASURY tax can be anywhere between 1–25% and is decided by the community vote.
Initial proposals for the use of TREASURY funds:
- Expanding the LOOT ecosystem to other platforms like POLKADOT, Binance Smart Chain, Tron, EOS, Etc.
- NFT platform for Gaming Items that can be used as Yield Farming Assets for in-game economy
- YIELD FARMING PLATFORM DEVELOPMENT
- LIMIT ORDER TRADING BOT FOR UNISWAP AND OTHER decentralized liquidity pool platforms
Any other community proposals (LOOT is community governed afterall).
TOKENOMICS🔥
Only a total of 24,000 LOOT tokens will exist with 18,000 available for sale and 3,500 reserved for initial Uniswap liquidity. The remaining 2,500 tokens will be reserved for community incentives (airdrops, bounties etc.).
The LOOT token sale will run for 5 days or until the 60 ETH hard cap is met.
LOOT will be listed on UNISWAP immediately after successful conclusion of the presale and liquidity will be locked via Unicrypt.
After the UNISWAP listing the 4% LOOT TREASURY tax will be activated.
There will be no private sales or discounted rounds. The token sale will be conducted on a first come, first serve basis in order to be fair to all investors and to prevent hoarding by whales.
Website: LOOTx.finance
Telegram: Join our telegram
Github: LOOT Contract code
