LUT Distribution

Of the 1 billion LUT issuance:

70% will be reserved for mining rewards.

10% will be held by the project team for at least two years to be used for technical development and partnerships. Each quarter, tokens will be released through incentive programs to attract developers looking to expand the global ecosystem

10% will be used for community building through incentive rewards given to active community members.

10% will be used for marketing promotions and as fund reserves for development, research, and legal compliance

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Token Burn

Tokens expended by users when betting will be recycled by a series of smart contracts with a portion being moved to the liquidity pool. Circulating LUT tokens in the liquidity pool will be burnt through sales or buy-backs until the total amount is reduced to 500 million tokens, thus creating an inbuilt deflationary mechanism. As the ecosystem grows, the base value of each LUT will also grow, allowing LUT holders to share the profits of the entire platform's development.

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LUT Holder Rights

LUT is a utility token that allows profit sharing and asset appreciation. The aim is to create a functioning digital economic model that is supported by LUT and can help fund ecosystem developers and participants. Rewards, in turn, can be converted to other digital assets which can be securely accessed, withdrawn, and used outside the ecosystem.

Users can earn LUT rewards through using the platform to bet with the more than 20 accepted cryptocurrencies and once acquired and held, holders will receive a share of the platform profits from the dividend pool.