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LAYERK Token Use Cases

LAYERK Token: Governance, Rewards, and Beyond! From buybacks to bonuses, LAYERK offers a myriad of utilities. Join us today.

LAYERK Token Use Cases

Treasury

LAYERK allocates a portion of its quarterly net profit for token buybacks, storing these tokens in a treasury dedicated to community governance. Further details will be outlined in the upcoming whitepaper.


Bonus & Candies

LAYERK token holders can:

  • Redeem coupons from LYK and associated partners.

  • Participate in exclusive LYK campaigns.

  • Collect special items from LYK and its partners.”


Ranking System

LAYERK has a tiered system based on LAYERK or sLYK holdings that offers user benefits within the Launchpad and discounts on product fees.

  • Rank 0: 100%-70% holder - Benefits: TBA

  • Rank 1: 70%-40% top holder - Benefits: TBA

  • Rank 2: 40%-10% top holder - Benefits: TBA

  • Rank 3: 10%-0% top holder - Benefits: TBA


Voting Power

  • LAYERK operates as a DAO (decentralized autonomous organization) using smart contracts.

  • Voting power correlates with the number of vLAYERK tokens held.

  • Proposals require at least 2,500 vLAYERK tokens.

  • A majority "Yes" vote of 51% or higher is necessary.

  • Voting lasts a minimum of 5 days.


Fees & Discounts

LAYERK can be used for various fees and to avail discounts:

  • Hardware product discounts (wallets & accessories).

  • Discounts on app-based swap and trading services.

  • Fees for LAYERK repository submissions and ad banner placements.

  • Fees for DApps rankings in stores and other upcoming services.


Base Value LAYERK for Products and Services

  • LAYERK, the native token of the LAYERK Ecosystem, is essential for accessing and purchasing various products and services.

  • LAYERK tokens can cover up to 100% of the value of any service or product on the platform.

  • Users can rely on the consistent value of their LAYERK tokens within the ecosystem, enhancing confidence in their usability.

Further details on products and services will be released soon.”

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Minting Utility Token

  • “Within the CloudK Minting mechanism, the mLAYERK token serves as the essential minting token.

  • Users wishing to mint new LAYERK tokens can utilize their existing holdings as minting tokens, locking them into specific CloudK Minting NFT licenses.

  • The subsequent minting process adheres to the protocols of the CloudK Minting system and the specifics outlined in the NFT license. This ensures a controlled and consistent minting process, supported by mLAYERK tokens.


Launchpad in LAYERK Studio

  • LAYERK serves as a pivotal launchpad token, essential for project endorsements and engagements.

  • Users interested in activities such as staking, farming, or direct token sales must lock a designated quantity of LAYERK tokens as Minting Utility tokens.

  • For direct sale launchpads, an auction allocation system with LAYERK is implemented, where higher token commitments increase the likelihood of receiving an allocation.

  • Regarding staking and farming rewards, a specific proportion applies. For instance, to stake a token like ‘Token A,’ users must lock in at least 25% of Token A’s value in LAYERK tokens. For staking 100 tokens of Token A, locking 25 LAYERK tokens is required, ensuring a stable and secure participation structure.

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