Tokenomics

1 BILLION

TOTAL SUPPLY IS FIXED NO MORE LOVE COIN CAN EVER BE CREATED ON THE XRPL

V2.5 Updated (June 1st 2022)

25% Airdrops and Liquidity Distribution (Complete)

    - 5% Airdropped in 3 separate airdrops (100,1000,10k Trustlines)

    - 7.5% Awarded to winners first months thru daily giveaways and prizes (10 Weeks)

    - 12.5% Reserved for DEX liquidity and distribution 

        - Monthly DEX Distribution of 10 million LOVE coin per month until supply runs out.

        - Starting October 1st (2021 - 2023) and every first week of the month until 2023

        - (1 Million Love Coins = 1,000 XRP = 1,000 USD at time of allocation)

10% Partnerships and XAPP Development

    - 1% LCN Faucet + faucet supply is fixed to (10 MILLION)

    - 3% Current Partnership allocations. (Chimoney.io,)

    - 6% XAPP Development reserved for future projects on Love Coin Network

20% Gifted to fund, run and operate the Love Coin Network.

    - Future Payments Salaries + Options

    - Funding Sponsorships

    - Future Partnership Giveaways

    - Grants

    - Charity

    - Developers

    - Virtual Team

    - Conference + Convention Funding

    - Mod + Twitter Team Service Payments

    - Love Coin Network HQ funding (2024 - 2025)

5% Reserved for Staking Rewards 

    - Staking Rewards % Every Week Until Supply Runs Out

    - Staking Rewards of 5-10% APY a year per holder.

10% Reserved for Rewards Program (Complete)

    - 100 Million for Whitelist Rewards Program

   

25% Allocated to the Creator

    - Reserved creator allocation of supply.

    - Reserved for emergency purposes if any other allocations run out over time

    - Reserved for specific allocations (exchanges, partnerships, and love coin network)

    - 20% of creator allocated supply will be locked up for first year. (Sept 2021 - 2022)

2% Family and Friends 

    - Entire 2% supply is locked up for 1 year Sept 2021 - Sept 2022.

    - Gifted and reserved for immediate family and friends over time.

    - (Mother, Wife, Children, Cousins, Aunts, Uncles, Godparents, Friends)

    - Make a Donation to Stroke + Cancer Research in Grandparents Names.

3% Donations + Humanitarian Disaster Relief

    - Entire 3% supply to be used for donations to charities LCN supports

    - Major Disaster Relief donations to people in need after a catastrophic event

       (Hurricanes, Tornadoes, Earthquakes, Volcanos, Floods, World Events etc)

    - Reserved for UnionCoin Charity Event Cross Sponsorships