Token release, distribution and price discovery mechanism
The star tokens of the first few athletes will be released in a following manner:
A small amount of 500,000 tokens will be offered for LMT token holders in a dynamic price discovery token exchange offering. The tokens will be offered in batches for an ascending price starting with 0.01$ worth of LMT and doubling with every sold out batch as long as there is demand for it. Once a batch for a certain price will not be sold out during a predefined period of time anymore, the price will start descending for the unsold tokens and every following batch as long as they remain unsold. Once a batch is sold out before the time elapses, the next batch will again increase in price. This mechanism will allow the LMT token holders to define the value of the star token.
Another way to receive star tokens will be to stake the NFT cards of that particular star in the soon to be released Lympo NFT staking tool. This means that the holders of the NFTs of the stars whose tokens will be released on the star token platform will benefit from an additional NFT functionality: receiving to star tokens.
After the end of the token exchange offering described above, Lympo will open deep LMT-star token pair pools on some decentralised exchanges.
Once a full fledged Lympo star token platform is launched, its users will also be able to purchase star tokens with a credit card via first purchasing LMT tokens and then exchanging them to the desired star tokens.
In the future, Lympo aims to launch its proprietary exchange solution for all of the star tokens to be traded in LMT pairs in one user-friendly and convenient place.
Last updated
