LAKE (LAK3)

"LAK3 is a multi-utility token that empowers individuals to participate in the New Water Economy in various ways."

Tokenomics

— Max Supply

$LAK3 is the native ERC-20 token of the LAKE Ecosystem, with a fixed supply of 950 million tokens. $LAK3 are used in the LAKE ecosystem to purchase, sell, secure and donate water, or invest in water sources.

— Token Allocation

Team: 57 million LAK3 (6% of Total Supply), subject to a 36-month vesting period with an initial lock-up of 18 months from the ITGE, followed by a monthly token release over the remaining 18 months.

Early Investors: 14.25 million LAK3 (1.5% of Total Supply), subject to the same conditions as the Team-allocated tokens.

Advisors/Early Contributors: 23.75 million LAK3 (2.5% of Total Supply), subject to a 24-month vesting period with an initial lock-up of 12 months from board appointment or contribution date, followed by a monthly token release over the remaining 12 months.

Private Sale: up to 95 million LAK3 (10% of Total Supply), the tokens will be minted following each recorded investment during the Private Sale phase. Subject to a 36-months vesting period with an initial lock-up of 12 months from investment record, followed by a monthly token release over the remaining 24 months. Any outstanding LAK3 will be reversed to the Treasury/Reserve.

Pre-Sale: up to 95 million LAK3 (10% of Total Supply), subject to a 12-month vesting period. A portion of the LAK3 tokens purchased during the Pre-Sale phase will be unlocked on Public Listing date.

Exchange Listing: up to 95 million LAK3 (10% of Total Supply), combined across centralized exchanges starting from Q3 2024.

Marketing/Partnership: up to 47.5 million LAK3 (5% of Total Supply) is dedicated to marketing and partnerships opportunities.

Development: up to 47.5 million LAK3 (5% of Total Supply) is dedicated to future development and improvement of the LAKE Ecosystem.

Rewards/Community: up to 285 million (30% of Total Supply) is dedicated to community incentives and rewards.

Treasury/Reserve: up to 190 million LAK3 (20% of Total Supply) is dedicated to project’s reserve and treasury. Any outstanding amount and unallocated tokens from other allocations will be added to the reserve.

The fundamental demand is driven by the use of the LAKE ecosystem; with a total fixed supply, $LAK3 is not subject to inflation. On the contrary, certain functions such as concession rights can only be granted through burning $LAK3, thus reducing supply and causing appreciation, ceteris paribus.

Speculative aspects of crypto markets are inherent to any token project but are not sought after by the project leaders. Save for spot liquidity on select trading pairs, products such as perpetuals and leverage are out of scope.

Additional stability mechanisms are engaged through a series of smart contracts or “Smart Flow Scheduler”, recirculating $LAK3 to exchanges in a timely manner after users’ transfer of their tokens through any of the purchase, donation or other actions on the LAKE platform.

Community engagement and pooling for the profit sharing schemes require the lockup of funds in the form of $LAK3, temporarily restricting token availability and circulation.

Last but not least, the Whale club, our dedicated VIP token-gated experience is reserved for holders of significant amounts of tokens, with the lowest tier starting at 0.05% of max supply.