What is LifeLine (LLT) | What is LifeLine token | What is LLT token
- Carmela Murray
- April 23, 2021
- 0 Comments
On this article, we’ll focus on details about the LifeLine undertaking and LLT token
LifeLine (LLT) constructed on Binance Smartchain is a charity-oriented token for serving to youngsters’s hospitals and foundations with most cancers care, 5% of the availability is reserved for donations.
Most cancers is a tragedy beneath any circumstances, however when it occurs to our youngsters the ache turns into unimaginable. The second that prognosis is made, mother and father and docs start a determined race towards the clock with no approach of understanding what the end result will likely be.
That’s the place LifeLine is available in. In an ideal world, you wouldn’t must deal with something aside from your baby, however we at LLT realize it’s not that straightforward. In line with a 2019 research, 2 out of three households expertise important monetary hardship with the intention to present acceptable care, which may embody the price of touring to better-funded medical amenities.
Our mission is to make use of cryptocurrency as a robust new method to purchase and distribute donations the place they’re wanted most. We are able to envision a world the place each baby is ready to obtain leading edge, life-saving remedies with out the present financial repercussions. Now could be the time to begin making that dream a actuality.
LifeLine Token’s Options and Tokenomics
Charity-oriented token for a life-saving trigger. 10% of the preliminary token provide has been reserved. 5% will likely be invested into financing the undertaking (advertising and marketing, change listings, and different bills). The opposite 5% belongs to the charity pockets, which will likely be used for donations to youngsters’s hospitals for most cancers care.
As soon as the market cap hits $500,000 USD, donations will start. On the first Monday of each month, we are going to promote 10% of the tokens within the donation pockets, and donate the proceeds to a youngsters’s hospital for most cancers care. The primary donation will go to Alex’s Lemonade Stand Basis for Childhood Most cancers. Because the market cap grows over time, these 10% month-to-month donations will improve.
The way it Works?
2% of the transaction charge will likely be burned, whereas the opposite 2% will likely be redistributed to all holders proportionately, primarily based on what number of $LLT tokens are in every pockets. This makes $LLT a deflationary and stakable token, benefiting traders and the charity pockets.
LP liquidity tokens to be burned after including it to PancakeSwap.
Each transaction has a four% charge.
Earn passive revenue only for holding $LLT tokens in your pockets.
No pockets can promote greater than 1% of $LLT’s whole circulating provide at a time. This was engineered to forestall large dumps and additional reinforce the soundness of the token.
Often Requested Questions
Is that this a rug pull / can this be rug pulled?
Briefly, it isn’t a rug pull, and it can’t be rug pulled.
If you add tokens after which add liquidity to these tokens, you obtain one thing referred to as an LP-Token, or Liquidity Supplier token, in change. This lets you take away the liquidity at any time, which is how rug pulls occur. With out the LP-tokens, you’ll be able to’t take away the liquidity, which suggests you’ll be able to’t rug pull. The LLT staff despatched our LP-Tokens to a lifeless handle to allow them to’t be accessed or recovered. This can be a methodology referred to as “burning liquidity”, and it helps guarantee the protection and stability of a undertaking like ours.
Do you propose on $LLT getting used for a wide range of functions, or will your principal focus keep on supporting charities?
Now we have thrilling plans for the longer term, however we’re doing issues one step at a time to verify we don’t sacrifice high quality for selection. We promise to maintain the group updated after we are able to make our first steps down a brand new path.
Regarding the giant pockets (Charity Pockets), what are you able to do to assist individuals belief that it could’t be rug pulled? Will there be a lock in place?
Completely. We all know that there’s numerous concern round this matter, and understandably so. Right now, you’ll be able to examine the Charity Pockets transactions on BSC Scan, and as we transfer ahead we are going to make all donations as public as attainable so you’ll be able to affirm 100% of the cash we’ve raised goes to the chosen charities. We’re searching for a third-party pockets service supplier to handle the Charity Pockets by solely permitting month-to-month withdrawals of 10% or much less of the whole token quantity. To date all of the websites providing these providers appear sketchy, however we welcome you to succeed in out with any concepts.
Are you able to inform us about how LLT plans to construction its token burns? We observed that 5% of the whole provide was burned in someday. Is that sustainable?
It completely is sustainable. To place it merely, LLT has a 2% burn on each transaction. We simply went by 5% of the availability as a result of we had such an unimaginable first day. To enter just a little extra depth, we began out LLT with a big amount of low-cost tokens. We felt like this was the best choice to make sure issues like accessibility to a variety of traders, but it surely additionally comes with its personal challenges. Once we balanced the professionals and cons, we determined 2% burn per transaction is a possible method to slowly lower token provide and improve token worth over time. In apply, that is much like how Bitcoin has developed throughout its time available on the market. We estimate that our provide will likely be someplace round 100,000 tokens in six years. However as a result of LLT could be bought in portions as small as zero.00000001, even that gained’t be a difficulty.
What units Lifeline aside from different charity tokens?
We see numerous different charity tokens who donate to animal shelters or environmental foundations, that are all crucial causes, however LifeLine is right here to vary the lives of kids with most cancers. To us, the distinction doesn’t must be defined past that
How and The place to Purchase LifeLine (LLT)?
LLT is now reside on the Binance mainnet. The token handle for LLT is 0xd37c1417da7bf5b02ffdea8d5427022dc88a0ee2. Be cautious to not buy every other token with a wise contract completely different from this one (as this may be simply faked). We strongly advise to be vigilant and keep secure all through the launch. Don’t let the joy get one of the best of you.
Simply make certain you’ve gotten sufficient BNB in your pockets to cowl the transaction charges.
Web site www.lifelinetoken.com