About the project
Welcome to the Lucy protocol! We are committed to creating a safe and engaging community for everyone involved. Our token is designed to encourage participation, offering great benefits and chances to earn rewards through staking and referrals. We believe in building trust and being open, so our users can confidently explore the world of cryptocurrency. Join us on this exciting journey as we work together to create a sustainable future for our community!
Tokenomics
Total Supply: 1 000 000 000
The total supply refers to the total number of tokens that will be minted. However, the circulating supply will never reach this amount because tokens will also be burned over time. For more details on this process, please refer to the Roadmap section.
Initial Supply: 100 000 000
A transaction tax is applied to every action involving our tokens, whether you are buying, selling, or transferring. The tax rate is the same for all types of transactions.
Tax inside the Circle: 6%
Standard Tax: 8%
Safety
In the fast-paced world of cryptocurrency, security is a top priority for both developers and users. Our project is committed to maintaining the highest security standards through a well-rounded approach that includes open-source development, a secure smart contract that cannot be changed, and a reliable liquidity pool system.
Smart Contract Security
The security of our project is built on our smart contract, which creates a trustworthy environment for users. The code is publicly available for anyone to review and audit. This transparency allows developers, security experts, and the community to carefully check the code and find any potential weaknesses, helping to build trust and accountability.
Our smart contract is designed to be unchangeable, meaning that once it is deployed on the blockchain, its code cannot be modified, paused, or deleted. We have chosen not to use upgradeable proxy, ensuring that the rules for the token and its operations stay fixed and cannot be changed after deployment. Users can be confident that the integrity of the contract and the assets it manages are protected from harmful changes or unauthorized access.
Liquidity Pool Security
The liquidity pool for our token is created through the smart contract, with a strong focus on security. Importantly, there are no functions in the smart contract that allow anyone to withdraw funds from the liquidity pool. This design means that the liquidity is permanently locked and cannot be accessed or drained by anyone, including the developers. As a result, users can feel confident that the liquidity pool is secure and that their investments are protected from potential risks.
The Circle
The Circle is a unique community within our ecosystem designed to reward active participants and foster growth. To join the Circle, you must be invited by an existing member. By becoming a member, you gain access to exclusive benefits that enhance your experience.
Benefits of Membership
Reduced Transaction Taxes: Enjoy a lower transaction tax rate of 6%, compared to the standard 8%, maximizing your returns on transactions.
Exclusive Staking Opportunities: As a member, you can participate in staking, allowing you to earn rewards by locking your tokens.
Referral System: Invite new participants to join "The Circle" and earn additional rewards for each successful referral, helping to grow our community.
The Circle plays a crucial role in expanding our community and increasing the overall adoption of our token. By encouraging members to invite new participants, we create a vibrant and active marketplace that benefits everyone involved.
Staking
Staking is a key feature of our token that allows you to earn rewards by engaging with our ecosystem. Lock your tokens in our staking contract and enjoy the benefits that come from your commitment.
Every transaction within our network incurs a small tax, a portion of which is allocated to reward stakers. Long-term stakers who lock their tokens for a minimum of 12 months receive additional benefits.
Benefits of Staking:
Passive Income: Earn rewards simply by holding your tokens.
Increased Stability: Long-term staking helps promote market stability.
Community Engagement: Join an active community and contribute to our ecosystem.
How to Get Started?
To start staking, you must be in the circle. Simply log into our DApp and navigate to the Staking section. There, you can lock your tokens and begin earning rewards!
Roadmap
The roadmap is programmed in the smart contract and is fully automated. With each phase, fewer tokens are minted while more are burned. This is intended to ensure rapid growth and promotion of the ecosystem at the beginning, followed by stabilization and maximization of profits.
Standard Tax
Buy/Sell/Transfer - 8%
2.5% - Liquidity
2.5% - Staking
3% - Burn
Buy - 6%
1% - Liquidity
1.5% - Staking
1.5% - Burn
2% - Refferer
First Buy - 10%
2% from tax
8% mint
Further Buys - 2%
2% from tax
Sell/Transfer - 1%
1% from tax
Tax inside the circle
Referrer gains
Sell/Transfer - 6%
2% - Liquidity
1.5% - Staking
1.5% - Burn
1% - Refferer
Phase 1
Phase one focuses on promoting the ecosystem by providing high rewards for inviting new members to the community. The most tokens are also added to the liquidity pool to quickly build a stable market.
Standard Tax
Buy/Sell/Transfer - 8%
2.5% - Liquidity
2.5% - Staking
3% - Burn
Buy - 6%
1% - Liquidity
1.5% - Staking
1.5% - Burn
2% - Refferer
First Buy - 6%
2% from tax
4% mint
Further Buys - 2%
2% from tax
Sell/Transfer - 1%
1% from tax
Tax inside the circle
Referrer gains
Sell/Transfer - 6%
1.5% - Liquidity
1.5% - Staking
2% - Burn
1% - Refferer
Phase 2
The second phase is a time of stable ecosystem growth. The token emission is reduced by half, and their burning is slightly increased. This results in minimized inflation or even slight deflation. At the same time, rewards are maintained at an attractive level, and the liquidity pool continues to grow.
Standard Tax
Buy/Sell/Transfer - 8%
2.5% - Liquidity
2.5% - Staking
3% - Burn
Buy - 6%
1% - Liquidity
1.5% - Staking
1.5% - Burn
2% - Refferer
First Buy - 4%
2% from tax
2% mint
Further Buys - 2%
2% from tax
Sell/Transfer - 1%
1% from tax
Tax inside the circle
Referrer gains
Sell/Transfer - 6%
1% - Liquidity
1.5% - Staking
2.5% - Burn
1% - Refferer
Phase 3
During the third phase, there is a clear transition to deflation. The emission is reduced by half once more, and the burning process is intensified. We also keep working on increasing the liquidity pool.
Standard Tax
Buy/Sell/Transfer - 8%
3% - Staking
5% - Burn
Buy - 6%
1% - Burn/Refferer
1.5% - Staking
1.5% - Burn
2% - Refferer
First Buy - 3%
3% from tax
Further Buys - 2%
2% from tax
Sell/Transfer - 1%
1% from tax
Tax inside the circle
Referrer gains
Sell/Transfer - 6%
1.5% - Staking
3.5% - Burn
1% - Refferer
Phase 4
In the fourth and final phase of the project, the minting of new tokens is ended. The liquidity pool will also no longer be expanded, and the funds allocated for this purpose will be redirected towards rewards and token burning. However, the value of the liquidity pool will continue to grow due to high deflationary pressure.