MetaLords LBE Tokenomics
Welcome explorers to MetaLords DAO!
In this article you will find all the information regarding our upcoming LBE event and how to get whitelisted in order to participate in the private presale.
Avalanche Network Launch
MetaLords DAO will launch in the Avalanche network on February 10, 2022. We chose to launch on Avalanche for the following reasons:
- Avalanche network has fast transaction speeds.
- Transaction fees on Avalanche are very low generally costing less than $1 per transaction.
- Has a high accessibility to bridge from other networks using Anyswap, Synapse, and other bridges.
- Avalanche network user base has increased in the past months becoming one of the most used networks.
Liquidity Bootstrap Event :
Our Liquidity Bootstrap Event (LBE) will take place on the following dates:
- Private presale: February 8, 2022
- Public presale: February 9, 2022
Our goal is to raise $300,000 using the MIM stablecoin on Avalanche.
We will select up to 250 whitelisted users who will have access to the private presale for a 24-hour period. Every whitelisted member will be able to contribute up to $1,200 MIM tokens at a valuation of $8 MIM per $MLORD token.
After the 24-hour private presale closes, the LBE will open access to the public to fill in the remainder of the $300,000. Public presale access is limited to a maximum contribution of $900 per wallet at $9MIM per $MLORD. This limit will deter sniping and help enable full MetaLords community participation.
The funds raised in the LBE will be used for the following purposes:
- 40% or $120,000 will be paired with 12,000 $MLORDS and used to bootstrap a MIM/MLORD liquidity pool on Trader Joe at a rate of 1 $MLORD = 10 $MIM. The LP tokens will be permanently locked inside the MetaLords DAO’s treasury.
- 25% or $75,000 to the MetaLords DAO’s reserve treasury, securing the value of the protocol.
- 25% or $75,000 to the MetaLords DAO’s investment fund (MetaFund), which will be used to invest in metaverse real estate.
- 10% or $30,000 will be allocated to our team to cover startup costs including development costs, marketing, KYC, legal fees, servers etc. The team will not have any $MLORD token allocation.
Tokenomics
The initial supply will be 52,000 $MLORD.
- 37,500 $MLORD will be sold in the LBE Event
- 12,000 $MLORD will be paired to bootstrap liquidity
- 2,500 $MLORD will be used for marketing purposes
Our treasury will be initialized with MIM/MLORD LP tokens valued at $240,000.00, a reserve treasury of MIM valued at $75,000 and our MetaFund treasury valued at $75,000 for a total of $390,000. Therefore, each of the 52,000 initial $MLORD tokens will be backed by $7.50 of value!
As stated before the MetaFund will be initiated with a value of $75,000. This will be used to invest in metaverse real estate opportunities that can generate revenue for the protocol and help increase the backed and risk free value of the $MLORD token. We will leverage the wisdom of the crowds therefore the investments in the metaverse will be proposed by MetaLord Explorers and then voted by the DAO. To incentivize and reward long term holders, a large portion of the profits from the metafund will go directly to $MLORD token holders. To learn more about the investment strategy and how the funds will be invested as well as how profits will be distributed please check out our MetaFund medium article.
The team will not have any $MLORD token allocation
After studying Olympus DAO model and most of the forks that have emerged from it, we believe that one of the main drivers of price decrease is the sell of the team’s token allocation. Since the team needs to sell its own tokens to generate income and continue developing the protocol they create a sell pressure to their own token which becomes detrimental to their own protocol. Instead the MetaLords DAO team has decided to generate income based on the protocol success. Therefore the team will get a small percentage whenever the MetaFund generates profits and from bonds created, always receiving shares in other tokens rather than $MLORD. This way, the team will never have to put a sell pressure on the $MLORD token to generate income.
We believe this creates a strong incentive for the team to work towards an everlasting success of MetaLords DAO, with an aligned interest with token holders of increasing the $MLORD token price and achieving the stability of the protocol. This at the same time incentivizes the creation of more bonds therefore increasing the MetaFund capital which enables the protocol to make more metaverse real estate investments and generate more profits for everyone involved, including tokenholders, the team and the protocol itself.
As MetaLords we will conquer the metaverse and become the largest Metaverse Real Estate Investment DAO (REID). From land to billboards we will own the metaverse.
Unite et vincite!
WL attribution conditions:
- 13 WL: Pre-discord launch Twitter contests
- 30 WL : The first 30 people who joined the discord were automatically whitelisted.
- 40 WL : Post-discord launch Twitter contests.
- 15 WL : Memes and art contests
- 30 WL : For the 30 people that invite the most newcomers on our discord.
- 12 WL: Are kept for the team and the moderators.
- 30 WL: For the most active members of the discord and social media.
- 40 WL: For the first members who boosted the discord server.
- 40 WL for surprise contests and activities in discord and social media.
Contact
Twitter: https://twitter.com/MetaLordsDao
Discord: discord.gg/URp8JAU8mj
Website: https://www.metalordsdao.finance/