Tokenomics
Tokenization of real-world potentials and creative assets.
LZR is the native utility token of the Loozr music streaming and metaverse platform. It serves as the primary currency and economic unit within the platform, and is used for transactions such as purchasing and selling creator and music coins, streaming, staking for liquidity provision, and participating in governance decisions.
The Maximum Supply of $LZR is capped at 160,000,000
Token Utility
- Governance:
LZR holders will have the ability to vote on important decisions related to the platform's development and governance, such as changes to token economics, new features, and upgrades to the platform. This will give users a say in the direction and future of the platform, as well as a sense of ownership and investment in its success.
- Staking and liquidity provision:
LZR holders will be able to stake their tokens to provide liquidity to the platform's decentralized exchanges and earn rewards in the form of transaction fees and/or additional tokens. This will create a more stable and liquid token economy, while also incentivizing users to hold and invest in LZR for the long term.
- Integration with other DeFi protocols:
LZR may be integrated with other decentralized finance (DeFi) protocols, allowing users to access additional features such as yield farming, lending, and borrowing. This will create additional use cases and benefits for LZR holders, while also expanding the ecosystem and reach of the platform.
Token MetricsTeamOverall, the LZR token will serve as the backbone of the Loozr ecosystem, providing a wide range of use cases and benefits for users, creators, and investors alike. By leveraging blockchain technology and decentralized finance, LZR will create a more equitable and efficient system for music streaming and creator tokenization, while also creating new opportunities for growth and innovation in the music industry.
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