Tokenomics
Tokenomics The Lucky8's native token is $888 and features a natively implemented buy and sell tax rate of 10%. This tax revenue is allocated among the lottery's prize pool, Protocol-Owned-Liquidity (POL), and bonding yield.
Lottery Prize Pot: 40% of all captured taxes will be atomically converted into USDC and distributed to the lottery winners.
Protocol Owned Liquidity: 20% of all captured taxes will be converted in to USDC, and the other 20% will remain as $888 to be added as POL.
Bonding Yield: 20% of all captured taxes will remain as $888 and distributed to bonders as non-inflationary bonding yield.
Within the Lucky8 ecosystem, $888 has two main utilities:
Lottery Participation
Governance
Lottery Tickets The primary purpose of the token is to enable participation in the lottery, where the prize pot is distributed. Each staked $888 token serves as a single lottery ticket.
Governance
Lucky8 will be full DAO-owned which enables bonded $888 tokens to participate in governance decisions.
Token Distribution
Liquidity: 75% Investors: 10% Team: 15% All locked up tokens are unlocked at the following schedule: 33% unlock at TGE + 22% per month after.
Last updated