Distribution and Supply

Distribution and Supply of Lordz Tokens

The Lordz Token is the cornerstone of the MemeLordz ecosystem, offering extensive utility and fostering a vibrant in-game economy. Understanding the distribution and supply of Lordz Tokens is crucial for transparency and trust within the community. This section outlines the initial distribution prior to the token migration and the strategic locking of the new token supply.

Previous Distribution of 70 Million Lordz Tokens

1. Initial Distribution:

• Total Supply: 70 million Lordz Tokens were initially distributed to support the growth and development of the MemeLordz ecosystem.

2. Team Allocation:

• Allocation: 10 million tokens were allocated to the core team since the early days of the project.

• Purpose: These tokens were designated for rewarding the team's efforts, incentivizing development, and ensuring long-term commitment to the project's success.

3. User Compensation and Project Needs:

• Allocation: 5 million tokens were utilized for user compensation and covering project-related needs.

• Purpose: These tokens were used to compensate early users, cover operational expenses, and support ongoing project development and marketing efforts.

4. Strategic Holdings:

• Percentage: The remaining 15% of the initial supply was strategically held.

• Control: These tokens were placed in a secured multisig environment controlled by the three main companies overseeing MemeLordz.

• Purpose: This strategic reserve ensured stability and provided a buffer for future project needs and strategic initiatives.

New Supply of 100 Million Lordz Tokens

1. Strategic Locking:

• Total Supply: The new token supply consists of 100 million Lordz Tokens.

• Locking Mechanism: These tokens are strategically locked to ensure controlled and purposeful use.

2. Distribution Purposes:

• Ecosystem Growth: A significant portion of the new supply is reserved for ecosystem expansion, including new features, events, and partnerships.

• Staking and Rewards: Tokens are allocated for staking rewards, incentivizing user participation and supporting the in-game economy.

• Development and Operations: A portion is dedicated to ongoing development, operational costs, and ensuring the project's sustainability.

• Community and Marketing: Tokens are allocated for community-building activities, marketing campaigns, and user acquisition strategies.

• Reserve and Strategic Initiatives: A reserve is maintained for unforeseen circumstances and strategic initiatives that align with the long-term vision of MemeLordz.

Overall Summary

The distribution and supply of Lordz Tokens are meticulously planned to support the sustainable growth and development of the MemeLordz ecosystem. The initial 70 million tokens were strategically distributed to reward the team, compensate users, and ensure stability. The new 100 million tokens are strategically locked, with allocations defined for ecosystem growth, staking rewards, development, community activities, and strategic reserves. This approach ensures transparency, trust, and long-term success for the MemeLordz project.