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Home All Events Limpid Protocol Liquidity & Protocol Launch

Date

Jul 16 2022
Expired!

TimePacific Time

5:00 am

Your Time

  • Timezone: America/New_York
  • Date: Jul 16 2022
  • Time: 8:00 am

Status

Active

Limpid Protocol Liquidity & Protocol Launch

July 17 update – 75% of the token supply is held in a dev wallet, and an additional 24.9% is in a proxy contract.

New nodes-type protocol combining gameFi + DaaS with yield-generating NFTs, on BSC.

DETAILS
  • Launch Details
    • Launch price: 250 BUSD / $LMP
    • Presale was for the purchase of PILLS NFTs
    • No information on how much the initial liquidity will be
    • Presale funds allocation:
      • 50% – Liquidity Pool
      • 25% – Liquidity Manager
      • 12.5% – Treasury
      • 12.5% – Team Management
    • 10% Sell tax
  • Mechanics
    • The ecosystem consists of yield-generating, non-tradable NFTs (“PILLS”)
    • PILLS generate daily token (“$LMP”) rewards, and are purchased with $LMP
    • PILLS has a 90 days lifespan, after which they stop generating rewards
    • PILLS daily rewards and life span can be boosted by purchasing (using $LMP), “Boosters” and “Repair” bundles, respectively
    • There are 3 types of PILLS NFTs:
      • Blue Pill (Rare)
        • Cost: 0.8 $LMP
        • Daily rewards: 0.024 $LMP
        • Daily ROI: 3%
      • Green Pill (Epic)
        • Cost: 2.5 $LMP
        • Daily rewards: 0.0875 $LMP
        • Daily ROI: 3.5%
      • Red Pill (Legendary)
        • Cost: 6 $LMP
        • Daily rewards: 0.24 $LMP
        • Daily ROI: 4%
    • No claim tax on rewards
    • No maintenance fee on PILLS
    • 10% sell tax on $LMP swaps – allocated to Liquidity Manager
    • Liquidity will be added on the in-house Limpid DEX
    • Liquidity Manger system will be used to stabilise the token price within $250 and $275 range, through buybacks and sells
    • Limpid maintains 4 vaults, funded by fees from trading and creating PILLS
      • 60% – Rewards Pool
      • 20% – Liquidity Manager
      • 10% – Treasury Wallet
      • 10% – Limpid Team
  • Tokenomics
    • $LMP (“Limpid”) is the native utility token
    • 10% Sell tax
    • ❌ No information available on the token supply and token distributions
  • Roadmap includes launch of bonding features, secure Limpid DEX partnerships, launch of new GameFi features and Limpid studio
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