TIA Token Airdrop
par LCX Team · November 18, 2021
TIA Tokens is a community first and fair launched governance Token. TIA Tokens are deflationary cryptocurrency, as the supply decreases with time. As Tiamonds is a community-driven project, we conducted a community vote on whether to integrate an Airdrop of TIA Tokens. 94.4% voted for yes with 692 participants.
TIA Token are the governance token of the Tokenized Diamonds
project by LCX called Tiamonds.com
As a result of the community vote, we have updated the Token Economics and White Paper integrating a 10 Million TIA Token Airdrop. The total supply will be 210,000,000 TIA Token. 10 Million TIA Tokens are dedicated for the Airdrop, 100 Million TIA Tokens are dedicated to Tiamonds NFT “Own to Earn” model, and 100 Million TIA Tokens are dedicated to the Uniswap V3 pools. The TIA/ETH Uniswap V3 pool will be a one-sided pool set with an initial trading price of $1 USD per TIA Token.
TIA Airdrop
10,000,000 TIA Tokens (4.8%) will be distributed in an Airdrop in two installments:
1) LCX Token Holders and 2) TIA/LCX Liquidity Providers.
5,000,000 TIA Tokens will be air dropped to LCX Token holders. To be eligible to receive the airdrop users have to fulfill the following
- be fully verified at LCX.
- hold a minimum of 100 LCX Token on December 24th 2021 03:00 PM CET in their LCX Main Wallet.
TIA Tokens will be distributed equally based on the number of eligible users.
Distribution will be conducted on December 24th 2021.
Another 5,000,000 TIA Tokens will be airdropped to liquidity providers of the TIA/LCX pair. Contribute to liquidity provision for TIA/LCX pair. To be eligible users need to contribute liquidity for the TIA/LCX pair on Uniswap V3, contributing LCX Token one-sided. The 5,000,000 TIA Tokens will be rewarded to depositors pro-rata over the course of the first year in monthly intervals.
Tokenized Diamonds
With Tiamonds, LCX aims to promote tokenized assets, educate consumers about tokenization through gamification, and create a community-driven token economy. LCX is a compliant and regulated fintech company headquartered in Liechtenstein.
TIA Token Deflationary Asset
TIA Tokens incorporates three simple functions: Rebalancing, Reflection, and Burn. Each on-chain transaction includes a fee of 10% that is split into three parts:
- Reflection: 5% fees are redistributed to all existing holders.
- Rebalancing: The smart contract automatically sells a 2.5% fee into LCX tokens at Uniswap. The acquired LCX Token will be added to the long-term LCX company reserve.
- Burn: 2.5% of the TIA Tokens are burned automatically.
TIA Token Distribution
Fair launch and distribution: TIA Tokens are launched in a fair and community-driven manner, without any token sale.
Over a period of ≈2 years (1 million minutes), TIA Tokens will be distributed to Tiamonds owners using an “Own to Earn” model at a rate of 1 TIA Token per minute for each Tiamond NFT. The distribution will start after the initial token offering and sale at the LCX platform.
In the first generation of Tiamonds drop a total 100 Million TIA Tokens will be distributed via the “Own to Earn ” model to 100 Tiamond NFT owners over 1 Million Minutes.
The rewards for the first generation of Tiamonds will be 1 million TIA Tokens per Tiamond. However, the reward will be reduced in the future and determined by the governance system.
Own to Earn Model
The Own to Earn model distributes TIA Tokens to all Tiamond NFT owners over a fixed period of time where each Tiamond NFT owner receives a fixed supply of tokens. TIA Tokens can be claimed by the owner using a dedicated decentralized app (Dapp) provided by the LCX.
All You Need to Know About Tiamonds and TIA Token
LCX believes in the potential of tokenization and sees the barriers that need to be overcome to fully embrace blockchain technology for tokenizing real-world assets. We trust our community and genuinely believe that information, education, practical application, and user experience are crucial to making the market of tokenization a global phenomenon. We strive every day to establish a blockchain ecosystem and technology infrastructure to harvest these future opportunities.
With Tiamonds, we are exploring digital scarcity and tokenization of assets, an exciting but underexplored concept that blockchain empowers. Tiamonds is the world’s first project combining asset tokenization, education, and gamification with a deflationary cryptocurrency.
Get verified at LCX and register now.
For more information about Tiamonds, you can visit our website and follow us on Twitter.
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