⚙️Utility

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Last updated 9 months ago

⚙️Utility

The utility of the $LOST token is thoughtfully designed to integrate deeply within the ecosystem's services, fostering both demand and a deflationary mechanism that could potentially enhance the token's value over time. Here are the primary utilities of the $LOST token:

Fees for Audits and Certification: One of the key utilities of the $LOST token is its role in facilitating payments for audits and certifications offered by LOST. When project teams or community members pay for a Basic or Comprehensive audit, the fee, denominated in $LOST tokens, is completely burnt. This not only ensures a constant demand for the tokens as the services of LOST are sought after but also introduces a deflationary pressure on the total supply of $LOST tokens. By burning 100% of the fees collected for these services, LOST effectively reduces the circulating supply of the token, which could lead to an appreciation in its value over time, assuming demand remains constant or increases.

All burns can be tracked here: https://solscan.io/account/5bxcg5Qwrrdbcw1NLLyrE7xB7MzKSt8U4CHoBvBtweae#splTransfers

Scanner Bot Customization Features: The Scanner Bot, a tool designed to provide users with customized alerts and notifications based on their personal risk profiles, introduces a token-gated feature that requires $LOST tokens for access. This utility ensures that the token holders are granted exclusive access to customization features of the Scanner Bot, adding a layer of value to holding $LOST tokens. This token-gated access not only incentivizes the acquisition and retention of $LOST tokens but also ensures that the most dedicated and engaged members of the community are rewarded with enhanced tools to navigate the Solana ecosystem safely.
Token-Gated Community Access: Looking to the future, LOST is considering implementing token-gated sections within the community that offer priority access or more in-depth information. This could include exclusive insights, early warnings about potential risks, or detailed analyses that go beyond what is available to the general public. By requiring a certain amount of $LOST tokens to access these enhanced community features, LOST aims to create a more engaged and informed community base, while simultaneously driving demand for the token.

The utilities of the $LOST token are designed not just to bolster its value through deflationary mechanisms and demand generation but also to deepen community engagement and provide tangible benefits to token holders. These strategic utilities ensure that the $LOST token is woven into the fabric of the LOST ecosystem's services, enhancing the overall value and appeal of the project to both current and potential stakeholders within the Solana blockchain space.

PreviousTokenomics NextLOST is different

Last updated 9 months ago

Fees for Audits and Certification: One of the key utilities of the $LOST token is its role in facilitating payments for audits and certifications offered by LOST. When project teams or community members pay for a Basic or Comprehensive audit, the fee, denominated in $LOST tokens, is completely burnt. This not only ensures a constant demand for the tokens as the services of LOST are sought after but also introduces a deflationary pressure on the total supply of $LOST tokens. By burning 100% of the fees collected for these services, LOST effectively reduces the circulating supply of the token, which could lead to an appreciation in its value over time, assuming demand remains constant or increases.

All burns can be tracked here: https://solscan.io/account/5bxcg5Qwrrdbcw1NLLyrE7xB7MzKSt8U4CHoBvBtweae#splTransfers

Scanner Bot Customization Features: The Scanner Bot, a tool designed to provide users with customized alerts and notifications based on their personal risk profiles, introduces a token-gated feature that requires $LOST tokens for access. This utility ensures that the token holders are granted exclusive access to customization features of the Scanner Bot, adding a layer of value to holding $LOST tokens. This token-gated access not only incentivizes the acquisition and retention of $LOST tokens but also ensures that the most dedicated and engaged members of the community are rewarded with enhanced tools to navigate the Solana ecosystem safely.
Token-Gated Community Access: Looking to the future, LOST is considering implementing token-gated sections within the community that offer priority access or more in-depth information. This could include exclusive insights, early warnings about potential risks, or detailed analyses that go beyond what is available to the general public. By requiring a certain amount of $LOST tokens to access these enhanced community features, LOST aims to create a more engaged and informed community base, while simultaneously driving demand for the token.