LTY Token

LTY token has been designed to offer users a wide range of benefits and perks within the Ledgity ecosystem. More than a user, you can contribute to the success of Ledgity and benefit from the growth of the ecosystem

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Taxation mechanism on transactions

Find out how our token taxes apply

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Sales transactions

💎 Liquidity of 6%

Each sale transaction helps to bring liquidity to the initial liquidity pool. This liquidity contribution is locked-in for 5 years.

When the liquidity pool is considered large enough, a referendum will be held for a community vote on a change in the allocation of this tax to through a program called “Kraken”. This program will be used to buy and burn LTY tokens in the market.

💰 4% Rewards

Each sale transaction rewards LTY token holders. The LTY holders receive rewards in LTY tokens in proportion to the amount of tokens held.

Additional measures

In the early months of our development, an additional tax is applied to LTY token sales transactions. This tax is fully allocated to the liquidity pool.

Implementation of additional measures

  • Conditions: Token price <x10 IDO price
  • Tax allocated to the liquidity pool: 6% + 15%
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This project has indirectly received funding from the European Union’s Horizon 2020 research and innovation programme under project Block.IS (grant agreement No 824509).

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