Litedex have 2 mechanism of create emission supply :
- 1.Initial Total Supply
- 2.Block Emission for DeFi Ecosystem
The more information about Initial Total Supply and Block Emission are informed in the next section.
The Initial Supply of Litedex's platform (LDX) is about 500 million tokens, the initial token supply is used to build an ecosystem, partnership, etc which will be used for several purposes as follows :
In addition to the above, a dynamic amount of LDX is also minted at a rate of 9.09%. This means that if 100 LDX are harvested, then 9.09 LDX is minted in addition and will be burned.
However, all LDX minted is burned directly after harvesting and never enters circulation. As such, we have not included it in the above emission rate.
At present, LDX is also burned in the following ways:
- 9.09% of LDX after Yield Farm harvesting
- 100% of LDX raised in ILOs
- 100% of LDX spent on NFT Merchant Creation
- 2% of every yield harvest in the Auto Stake Compounding
- 2% of every yield harvest in the Auto Yield Compounding
- 100% of LDX raised in Burning Phase Competition
- 1% of LDX raised in every NFT Transaction