Locc AI Tokenomics: $LOC Token

Introduction

The LOC token is the native cryptocurrency of the Locc AI ecosystem, designed to facilitate various transactions, incentivize participation, and power the platform’s features. With a capped supply of 1.5 billion tokens, LOC plays a critical role in driving the growth and sustainability of the Locc AI platform.

Token Overview

• Token Name: Locc AI Token

• Symbol: $LOC

• Blockchain: Ethereum, Binance Smart Chain

• Total Supply: 1.5 Billion LOC

• Token Type: Utility Token

• Decimals: 18

Token Allocation

The total supply of 1.5 billion LOC tokens will be distributed across various stakeholders and purposes to ensure the long-term success and sustainability of the Locc AI platform. The allocation strategy is as follows:

1. Foundation and Development (30%)

• 450 Million LOC

• Reserved for ongoing platform development, technology upgrades, and operational costs. This allocation ensures that Locc AI can continuously innovate and expand its feature set to meet user demands.

2. Ecosystem Incentives and Rewards (25%)

• 375 Million LOC

• Designed to incentivize user participation within the Locc AI ecosystem. This includes rewards for content creators, contributors, and early adopters, as well as staking rewards for users who hold and stake LOC tokens.

3. Public Sale (20%)

• 300 Million LOC

• Allocated for the token sale, which provides an opportunity for the public to invest in LOC tokens. Funds raised from the public sale will be used for platform development, marketing, and global expansion.

4. Team and Advisors (15%)

• 225 Million LOC

• Allocated to the core team, advisors, and partners who have contributed to the development of Locc AI. These tokens will be subject to a vesting schedule to align the interests of the team with the long-term success of the project.

5. Partnerships and Strategic Alliances (5%)

• 75 Million LOC

• Reserved for strategic partnerships, collaborations, and alliances that can help accelerate the growth and adoption of Locc AI. These tokens will be used to foster relationships with key industry players and integrate with other platforms.

6. Liquidity Provision (3%)

• 45 Million LOC

• Allocated to provide liquidity on decentralized exchanges (DEXs) and centralized exchanges (CEXs) where LOC will be traded. This ensures there is sufficient liquidity for trading and minimizes price volatility.

7. Community and Marketing (2%)

• 30 Million LOC

• Reserved for community building, marketing campaigns, and promotional activities aimed at increasing awareness and adoption of the Locc AI platform. This allocation will support a range of initiatives, including airdrops, bounties, and ambassador programs.

Disclaimer: This white paper is for informational purposes only and does not constitute financial or investment advice. Users are encouraged to conduct their research before engaging with Locc's services or $LOC token.