# Tokenomics

* Name: LIFE
* Symbol: LIFE
* Contract: ​<https://ftmscan.com/address/0x8877e4b70c50cf275c2b77d6a0f69a312f5ee236>
* Chain: Fantom
* Initial Supply: 10,000,000
* Initial Supply is broken down as follows:
  * 1,000,000 of the Initial supply is dedicated towards development fees, marketing, giveaways and future adhoc burns (1000,000)&#x20;

  * 1,000,000 of the Initial supply will be burnt to support price

  * 3,625,701.85 LIFE of the Initial Supply is locked and allocated to support price, and for an additional burn round as well as upcoming  NFT staking pools to be launched by July 2022. 10% of this pool will be burned on unlock and the rest allocated to the staking pools,&#x20;

  * Locked at dx.app: <https://dx.app/app/v3_3/dxlockview?id=0&add=0x873bd77e94B50Fa279C29c28fF55220d57E4df05&type=lplock&chain=Fantom>

  * Liquidity Lock Transaction: <https://ftmscan.com/tx/0xfd6def4fcbde538c5961506d4a86d5452d716ae66ba990068c8780567ec90cb8>

  * &#x20;**4,370,500** LIFE is allocated for launch liquidity and locked with dx.app.&#x20;
    * Locked at dx.app: <https://dx.app/app/v3_3/dxlockview?id=0&add=0x8877E4B70C50CF275C2B77d6a0F69a312F5eE236&type=tokenlock&chain=Fantom>

      * Lock liquidity transaction 1: <https://ftmscan.com/tx/0xf69103edc04e5c07fbfad744101b7d78284e71d21d885f6ff881b13c39ec44fa>

  * 100% of launch liquidity is locked with dx.app
* MAX Supply of LIFE token: The token emissions will not end.
* Deposit Fees: 0% - 1.7%
* Auto-Liquidity 4%
* Transfer Tax (None on Farming) 1% for automatic burns
* To be Burnt Automatically 1%
* Emission rate: Will begin at 0.9 LIFE/Sec and will be managed up and down as necessary
* 100% LP locked with dx.app ​

### Token Lockup

In order to support the LIFE token and future NFT pools, the majority of the Initial Mint of tokens is locked. The allocation  is locked for a period of 4 months. In this period these tokens cannot be accessed, transacted or traded. This lockup is used as a preventive strategy to maintain a stable long-term value of the LIFE token and for future rewards for the NFT staking pools which are currently in development.&#x20;

Once the lockup period expires, the tokens will be used for an additional 10% burn event, and our future NFT staking pool to be launched by July 2022.&#x20;

### **USE CASES**&#x20;

Earn LIFE from Farms and  Pools, or buy it on the Spookyswap exchange, then explore its use cases:

* Stake it in LIFE Pools to earn  tokens
* Use it in Yield Farms to earn more LIFE&#x20;
* Use it to get benefits in the vault
* Burn it to get NFTs (upcoming)
* Vote on proposals (upcoming)

### Slippage

Set slippage to 2%


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