Token Functionality

• Protocol Improvement and Governance: $LPOTIC holders have the privilege to propose improvements, participate in voting, and engage in governance activities.

• Staking and Earning: By staking $LPOTIC, users can partake in the network's economic activities, earning a share of the protocol's revenue.

Single Side Staking Pool

The Lpotic Network establishes a single side staking pool for $LPOTIC, where users can stake and redeem $LPOTIC at any time. Stakers earn a share of Loptic Trade's transaction fees in $USDT, receiving 20% of the opening fees and 7.5% of the closing fees.

$veLPOTIC & DAO Staking Pool

To mitigate speculative voting and proposal submission, Lpotic Network utilizes $veLPOTIC for governance empowerment.

• Staking and Governance Rights: $LPOTIC holders can lock their tokens in the Loptic DAO Staking Pool to receive $veLPOTIC and governance rights. Stakers are entitled to a share of Lpotic Trade's transaction fees in $USDT (30% of opening fees and 7.5% of closing fees) and governance rewards in $LPOTIC.

• Locking Period and Voting Rights: Locking $LPOTIC for one year grants one $veLPOTIC, equating to one vote. The voting power decays linearly over time. Holders can lock their tokens for periods ranging from two weeks to one year, with the option to extend.

• Conversion and Burn: After the locking period, holders can convert $veLPOTIC back to $LPOTIC, leading to the burning of $veLPOTIC.