$LTL Token is not tied to the success of a company or the development of a specific dApp. The smart contract has no owner functions and requires no transactions whatsoever for the protocol inflation to be distributed for the full 10 year inflation period. It is designed to be completely free from the possibility of supply manipulation. Once the contract is launched, no one has any ownership or control over it and the contract will continue to work in perpetuity without any interaction.
🚀 We are figuring out how this smart contract can enhance our $LTL token design, distribution and tokenomics. An $LTL Ethereum token that distributes inflation evenly to holders each day instead of exclusively to miners and stakers.
What if? No ICO, No Pre-sale, No Fundraising. No vaults or treasuries. No community funds that could be mismanaged. No website or interface is required for the token to function. As long as Ethereum exists, $LTL fees will be generated and distributed with each transaction.
LTL is an innovative Ethereum token that re-imagines the concept of DeFi yield generation. At its core, LTL charges a 1% transaction fee and re-distributes that fee to existing LTL holders instantly and automatically at the time of each transaction.
Unique features of the LTL smart contract allow certain addresses like the Uniswap pool or exchange wallets to be blocked from earning fees. Because of this, 100% of the fees generated go to holders of the token. The percentage of fees you earn is calculated by the percentage of LTL that you own among holders. This generates a much higher yield than would otherwise be possible. There is no team or central party that has to award the fees. There is no interface to claim the fees. No action needs to be taken on your part other than to hold LTL in a wallet you control.
The LTL smart contract is complete at launch. There are no more features to add. There is no individual or team to be relied upon to give LTL any value.
95% of the total fixed supply of 10M tokens goes into the initial Uniswap liquidity pool. 5% of the total fixed supply of 10M tokens goes to a 15 day yield farming program where they can be farmed by holders of Flow Protocol. As a nod to the innovation and decentralization of Bitcoin, 5% of the LTL supply can be earned over 90 days by staking BTC/ETH LP tokens from Uniswap.
How LTL fixes a few painpoints:
- Price and Market risk: These risks come with any free market. Anyone claiming to guarantee a specific yield or eliminate this risk are lying to you.
- Trust related risk: No ICO, No Pre-sale, No Fundraising. No vaults or treasuries. No community funds that could be mismanaged. No website or interface is required for the token to function. As long as Ethereum exists, LTL fees will be generated and distributed with each transaction.
- Security risk: Because fee generation AND distribution is baked into the core smart contract, security risk is greatly reduced. No external contracts or interfaces need to be interacted with in any way.
- Economic Design risk: LTL has a fixed cap of 10M. The yield comes from transfer fees instead of newly minted tokens. As you earn fees, the percentage of the total supply you own is increasing. Earning network fees is an established and tested method of earning yield.
To clarify, our team has no tokens, and the liquidity we put up is going to be locked for 6 months so we can gain confidence from the investors.
Details here: v2.unicrypt.network/pair/
We are only a small group of people with a big vision, discovering a path to this objective through forking RFI. We have a verified contract on Etherscan (One and only address: 0x...). With that settled, we are looking to list our token on CoinGecko and other platforms soon, so be sure to stay tuned for that.
The final thing to mention is that our team cannot function without your support. As we’ve mentioned above, we hold no tokens whatsoever. We have given you our most truthful and transparent information. Having said so, we are looking for donations/fundraising for more partnerships, hoping to benefit all LTL token users, whether it be an app, a staking platform, any further product development or marketing, etc. We are NEVER going to discontinue the project even if we don’t receive any donations, and will still continue to move forward with the current bootstrapping approach.
Donation Address : 0xAE91CB00C413A8D6089Ba0bc8bF66fbA47A912Ea
Once again, our team wishes to thank every single one of you, for the continued and unrelentless support. We hope to create a new future for Web3. Together.
The Elephant in the Room
Beyond the extreme risks involved with DeFi, individuals must stake or park their tokens in a contract to earn a yield. There is a massive opportunity cost associated with this as participants could be using their locked tokens to earn a yield some other way but are unable to seize that opportunity while the tokens are locked.
Lets look at how LTL addresses opportunity cost.
LTL fees are awarded automatically and do not require any transaction to be executed by the holder in order to earn fees. This allows LTL to be used in any other smart contract in addition to earning yield from the transaction fees.
To facilitate this, the LTL smart contract exposes some new methods that allow other smart contracts to easily determine the fees earned by each address for any period of time even when funds are pooled together. This is a huge leap in DeFi that enables the direct staking of LTL and double yield generation.
For example, you could lend your LTL on a third party app and earn a yield from that while still earning fees from LTL transfers. The lending contract could use LTL’s new methods to easily determine the fees earned on the amount you provided during your interaction with the lending contract.
By reducing friction and eliminating the burden of contract interaction to earn a yield, LTL is truly a step forward in our token design.
🔥 A Perfect Example to Follow 👌 with LiveTheLifeTV.ETH
"That said, it’s the crypto liquidity providers who are the stars of the present moment. They even have a meme-worthy name: yield farmers. A shorthand for clever strategies where putting crypto temporarily at the disposal of some startup’s application earns its owner more cryptocurrency. Another term floating about is “liquidity mining.” In DeFi money is largely provided by strangers on the internet. That’s why startups behind these decentralized banking applications come up with clever ways to attract HODLers with idle assets. Liquidity is the chief concern. That is: How much money do we have locked in our smart contracts? Instead of borrowing from VCs or debt investors, you borrow from your users."
Yield Farming with ETH/LTL LP
Duration: 90 Days
Rewards Available: 400,000 LTL
Start Date: 2021/12/21
How Does it Work?
Anyone who holds LTL tokens can become a liquidity provider on Uniswap by pooling their tokens combined with an equivalent USD value of ETH.
Upon successfully pooling, the liquidity provider will receive UNI-V2 tokens which represent their stake in the Uniswap liquidity pool.
UNI-V2 tokens can then be staked to earn more LTL.
How are Rewards Determined?
There are several factors that determine the amount of LTL you will receive for staking:
The unlock rate — The total rewards will be unlocked evenly over 90 days.
The amount you have staked — The amount of rewards you receive over time depends on the percentage of the total staked tokens that belong to you. If you were the only one staking you would receive all of the rewards!
The amount of time you remain staked — The rewards you earn will have a multiplier applied to them the longer you remained staked. To achieve the full multiplier (3x), you need to remain staked for at least 60 days.
How can I participate?
You will need both LTL and ETH to provide liquidity and earn rewards.
For example, if you have 10 ETH total that you want to stake, you would buy 5 ETH worth of LTL and then add liquidity on Uniswap with the resulting ETH/LTL.
Here are the steps required to participate:
- Buy LTL tokens: https://app.uniswap.org/#/swap?outputCurrency=
- Provide Liquidity on Uniswap: https://app.uniswap.org/#/add/ETH/
- Stake your liquidity tokens here: farm.livethelife.tv