Tokenomics Update
We have re-evaluated our tokenomics and decided to implement the following changes to ensure Loomlay's sustainable growth:
- Burn team tokens from 30% to 20%
- Burn advisory tokens from 2% to 1.3%
- Burn treasury tokens from 28% to 11%
- Increase team tokens' cliff from 2 to 6 months
These changes take place tonight. By the end of this operation:
- Total supply will be reduced by 53%
- Circulating mcap to FDV ratio will be 0.45
Because $LAY is the way 🪄