Lumenswap Price (LSP)

What is LSP?

LSP is a reward and governance asset which has a major role in keeping the Lumenswap ecosystem cycle dynamic and decentralized.

1,000,000,000 LSP asset (fixed) have been minted at the genesis and will be vested over the course of 10 years.

about LSP Tokenomics

Asset allocation

19% Team

16% Foundation

3% Advisors

40% Ecosystem Rewards

12% Community public sale

10% Marketing

LSP asset circulation schedule

LSP Lock details

Note: LSP have planned an auction for the public sale in the Lumenswap spot client (IDO). 

To establish transparency in the way assets are unlocked according to the plan we announced, LSP put them in different addresses so that you can follow their distribution process.

Public sale account: GA6N5CBQ…FX56B72D

Team account: GB6OM72C…MV5XLD4I

Advisor account: GDTSM26B…HXW5WIUM

Ecosystem rewards account: GDDD65VO…GSZE6BBY

Marketing account: GCYN3F4D…5J266YLJ

Foundation account: GCLQTGIH…J2EODJH3

Why we choose LSP ?

For a number of reasons, a crypto exchange may create its own asset, and exchange owners frequently distribute assets to users as incentives. Most exchange assets are meant to enhance an exchange’s liquidity, reward trading activity, or make the exchange’s community governance process easier. Let’s take a deeper look on the process:
Enhanced liquidity
In a financial market, liquidity refers to the availability of trading activity that can be depended on. Markets with greater liquidity run more smoothly, and assets with greater liquidity may be traded more readily without significant price changes or slippage. Crypto exchanges can utilize native assets to motivate market makers in the absence of traditional market makers by giving incentives proportionally to their overall trading volume or through specified staking programs.

Governance
Not all cryptocurrency exchange assets are intended to be used as a bonus for platform users. Several crypto exchanges have released native assets as a governance tool for the exchange’s future development. While this use case is less frequent than others, decentralized exchange assets have become an increasingly significant goal for DEXs looking to migrate to completely community-run operations.

LSP Use-cases

1. Rewards for LSP Holders

We’ve allocated 25% of our assets to rewarding LSP Asset holders (which is also known as “staking”). The Lumenswap team will take a snapshot of all LSP owners on a random day of each month and it’ll distribute about 2,000,000 LSP based on the number of assets they had at the time.
Note: You must own more than 10,000 LSP in order to be qualified for this reward.
Note: This program will continue for ten years.

2. Rewards for LSP Traders

We’ve allocated 15% of our assets for LSP traders to encourage LSP traders and incentivize LSP trading.
At the end of each month, the Lumenswap team will record all of the addresses that have traded LSP that month. A hundred of them will be selected at random and rewarded 12,500 LSP which means a total of 1,250,000 LSP will be rewarded each month.
Note: Your total number of traded LSP assets should be more than 10,000 LSP in order for you to be qualified for this reward.

3. Governance

Because we are moving towards a goal that has already been set — decentralization and transparency — we will use the governance model for future Lumenswap decisions.
Note: The governance implementation process and its rules will be announced in detail later in an article.

Lumenswap (LSP) Community

• Twitter: https://twitter.com/lumenswap
• Discord: https://discord.gg/98pkKef9wa
• Reddit: https://reddit.com/r/lumenswap
• Medium: https://medium.com/@lumenswap
• Telegram: https://t.me/LumenswapCommunity

What is Lumenswap (LSP) Contracts address?

• Stellar: LSP-GAB7STHVD5BDH3EEYXPI3OM7PCS4V443PYB5FNT6CFGJVPDLMKDM24WK