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
- 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