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💰
LATTE Token
LatteSwap is a fair launch project with no pre-sale, no investor, and no pre-mine. Majority of the LATTE tokens will be distributed to various stakeholders that create value for LatteSwap ecosystem.
Ticker: LATTE Contract Address: 0xa269a9942086f5f87930499dc8317ccc9df2b6cb Chain: BSC

What's LATTE tokens used for?

There are currently three primary utilities for LATTE tokens:

1. Accrue value through platform economic benefits

LatteSwap has put in place multiple buyback & burn mechanics to help LATTE token holders capture platform economic benefits from just holding the tokens, as a portion of our platform revenue is allocated to these mechanics. When tokens are burned, their supply becomes more scarce, thereby increasing the value of the remaining tokens. You can find more details about our buyback & burn program here.

2. Participate in the governance process

LATTE is LatteSwap’s governance token. This means that LATTE token holders will be able to vote on key decisions for LatteSwap such as protocol parameters, rewards emission schedule, and the design of LatteSwap’s NFTs’ parameters. The governance process is scheduled to be implemented in Q1 of 2022. Please click here for more details.

3. Earn rewards in partner protocol tokens

One of LatteSwap’s planned key feature is our Drip Bar, where Baristas can stake their BEAN tokens to receive rewards in the form of our partner protocol’s tokens. BEAN can only be minted from depositing LATTE into the single asset staking vault. Please find more details about BEAN here.

4. Participate in play-to-earn games at Lucky Lion

Starting on 15th of Dec, Baristas will be able to use LATTE tokens to participate in Lucky Lion's play-to-earn games. For more details, please visit this link.
In the future, we will continue to add more utilities of LATTE, thereby increasing its value. More details will be provided soon.

🍰 Tokenomics

Please see the chart below for our tokenomics.
Please note that the percentage allocation is rounded up to the nearest tenth. The actual numbers are - Liquidity Mining Rewards: 73.434% - OG NFT Series: 13.607% - Development Fund: 12.959%
Similar to many leading DEXes such as PancakeSwap, there is currently no set max supply for LATTE. However, we will use various sources of revenue to burn LATTE as a way to control its supply. In the future, LATTE holders can vote to adjust emission as they see fit.

⚡Emission rate

Metric
Emission/block (LATTE)
Bonus Rewards Period (1st week)
80
Bonus Rewards Period (2nd week)
50
Base Emission per block
10
Base Emission per day
288,000
A dynamic amount of LATTE is minted for boosted rewards from booster NFT
Additionally, 15.0% is minted for development fund. This means that if 10 LATTE are minted, then an additional 1.5 LATTE is minted and sent to the development fund.

🌱Planned Supply Schedule for the first twelve months

Period Ending
Circulating Supply
Total Supply
1st Week Bonus Period
7,418,880
18,547,200
2nd Week Bonus Period
12,055,680
30,139,200
Oct 2021
20,666,880
38,750,400
Nov 2021
30,602,880
48,686,400
Dec 2021
40,538,880
58,622,400
Jan 2022
53,488,800
68,558,400
Feb 2022
66,438,720
78,494,400
Mar 2022
79,388,640
88,430,400
Apr 2022
92,338,560
98,366,400
May 2022
105,288,480
108,302,400
Jun 2022
118,238,400
118,238,400
Jul 2022
128,174,400
128,174,400
Aug 2022
138,110,400
138,110,400
Our community can vote on future emission schedule once Governance is implemented

🔥Deflationary Mechanisms

At present, the source of fund for LATTE buyback and burned come from:
  • 20% of income from OG NFTs
  • 25% of income from Booster NFTs
  • 0.04% of every trade made on LatteSwap
  • 2% performance fee from LATTE auto-compounding vault
  • 0.1% withdrawal fee from LATTE auto-compounding vault
  • 20% of proceeds from Keopi Game
The team will continue to add burn mechanism with new feature releases to increase the burn amount. You will be able to view burn tx records here.