LLT Training Reward Vesting Plan
Last updated
Last updated
The LLT Training Reward Vesting Plan is a key component of LLT tokenomics, designed to forecast and regulate the distribution of reward tokens in order to maintain a healthy token economy. This plan includes strategies to adjust the token supply in circulation depending on various circumstances. If the actual developments deviate from the forecasts or if additional regulation of the circulating supply is required, the Vesting Plan may be subject to changes.
The following factors have been considered in the forecasts:
The accumulation of Sweat is adjusted based on the rate of user inflow, exercise difficulty, the number of missions such as raffles, and airdrop ratios, in order to control the amount of LLT rewards.
As users continue to regularly use the LILLIUS app, their exercise proficiency increases over time, raising their chances of achieving higher scores in training and challenge content.
Therefore, the difficulty of exercise performance evaluation is adjusted in accordance with users' exercise proficiency.
The higher the upgrade level of LILLI NFT, the more energy users receive, leading to increased LLT rewards. Consequently, the LLT Reward pool may deplete faster. The predicted upgrade speed is based on the assumption that all LLT needed for upgrading is obtained through Training Rewards. However, if early users acquire LLT through other means and use it for NFT upgrades, the LLT Vesting speed may be faster than anticipated.
When LILLI NFTs are upgraded or raffles that require a large amount of Sweat are opened, the ratio of additional LLT in circulation compared to the existing supply will gradually increase at certain points. This will inevitably lead to LLT inflation, and to prepare for such situations, adjustments to the circulating supply will be necessary. Once more than 50% of the total LLT reward pool is vested, the plan is to regulate the circulating supply by adjusting the ratio of Sweat earned per energy consumed and the amount of LLT that can be received through raffle participation using Sweat.
Unforeseen developments may cause the Reward pool to be depleted earlier than expected. Exceeding the allocated Vesting Pool for the period will consume the remaining T2E supply, and eventually, when the T2E tokens allocated for rewards are exhausted, the Training Reward LLT payout will end.
Based on the aforementioned projections, the Vesting Plan is structured like a pyramid that rises gradually at the outset, reaches its peak, and then tapers off. The plan is designed to align with the probability density function of the normal distribution among various pyramid-shaped chart models. It involves adjusting the Vesting quantity every 3 months (90 days) to ensure a balanced distribution.
The model following the Vesting Plan adopts a normal distribution with a mean of 30 and a standard deviation of.
For reference, when it is (normally distributed with mean ฮผ and standard deviation ฯ), the probability density function f of X is:
