$LAKE Token
The $LAKE Token and Why web3.
Secure, scalable, transparent and incredibly quick. The Data Lake consent system is powered by the Polygon blockchain. The $LAKE token allows for cross-border incentivization and stakeholder rewarding.
7.500.000.000
Total Supply
Polygon
Blockchain for
Donor Consents
TBA
IDO Price
TokenDistribution
Token Utility
Governance
Possession of the $LAKE token will allow ecosystem participants to vote on certain decisions regarding the system, e.g. the value of the ecosystem tax, supporting chosen research on non-profit basis, disbursing research and charity grants in $LAKE, and more. The classification of the $LAKE token including its utility may change depending on the regulatory landscape.
Benefits Panel
$LAKE storage for a given time in the Data Donor’s panel will allow the token holders to access the benefits in the panel, such as healthcare & wellness products and services discounts, educational materials and more.
Participation Staking
$LAKE storage will be required by business players such as Data Buyers, Consent Gatherers, Integrators and Trust Entities as a form of entry ticket to earn from participation in the new medical data economy. This will be introduced only when not detrimental to the growth of the business.
Liquidity Pool Staking
$LAKE tokens can be used for Liquidity Pool staking. 8% of the total $LAKE supply is allocated for LP staker incentives.
Token Value Accrual Mechanisms
LP Lock & Growth
6% in total from each transaction will be allocated and redistributed back into the liquidity pool (which will be locked for at least 2 years). This ensures a constantly-growing liquidity pool, with a long-term lock to inspire investor and market participant confidence.
Ecosystem Tax
Each data purchase transaction will be subject to the Ecosystem Tax, with a portion of each transaction locked up for 5 years in the Data Lake Treasury. The Ecosystem Tax will stimulate price-building, if too high though it could hamper the growth of the business. Setting the value of the tax will be subject to dynamic governance mechanisms.
Vesting
Ecosystem participants will receive the $LAKE tokens vested for some period of time.
Data Donors Benefits
The benefits for Data Donors will be available only for those who don’t decide to withdraw the $LAKE tokens to an external wallet.
Buy and Sell Tax
Depending on the market sentiment and project needs, Data Lake may temporarily impose a Buy and Sell Tax up to 8%. All funds will be allocated to the marketing of the Data Lake system or the Liquidity Pool. The fee will be waived before entering the first Centralized Exchange (CEX). These measures will likely help to significantly strengthen the popularity and credibility of the token.