In the ever-evolving landscape of blockchain technology, LiquidLayer stands out as a groundbreaking solution. As a highly scalable Proof-of-Work (PoW) blockchain with an integrated Liquid-Staking-Derivative (LSD) Bridge, LiquidLayer is set to redefine how we interact with decentralized networks. LiquidLayer introduces LILA, its native utility token, which goes beyond mere transactions to offer staking rewards, governance power, and enhanced interactions with decentralized applications (dApps). Holding LILA means more than just owning a digital asset; it's about participating in a growing, dynamic ecosystem designed for future scalability, security, and decentralization. Read on to explore the transformative potential of LiquidLayer.
What Is LiquidLayer (LILA)?
LiquidLayer is a highly scalable PoW blockchain with an integrated Liquid-Staking-Derivative Bridge. The native utility token of this ecosystem is LILA, which serves multiple purposes:
Gas Fees
Much like its counterparts in other networks, LILA is used to pay transaction fees on the LiquidLayer blockchain. Whether it's a simple transfer, smart contract execution, or dApp interaction, LILA is the medium of payment.
Staking Rewards
One of the most enticing aspects of LILA is its role in the LSD bridge. Stakers of $LILA earn a portion of the yield rewards, making it not just a transactional tool but also an investment avenue.
Governance
In the spirit of decentralization, LILA token holders might get a say in the future developments and decision-making processes of the LiquidLayer network. Token-based governance ensures that the community's voice is heard and that the network evolves in line with its users' best interests.
Collateral in DeFi
Given LiquidLayer's emphasis on DeFi, LILA can potentially be used as collateral in various decentralized finance applications on the platform, unlocking a plethora of financial services for its holders.
dApp Interaction
dApps built on LiquidLayer might require LILA for various functionalities, be it accessing premium features, in-app purchases, or other forms of engagement.
How Many LILA Are There in Circulation?
The LiquidLayer token, LILA, launched on October 24, 2023, with a maximum supply of 10 million tokens.
Where Can I Buy LiquidLayer (LILA)?
LILA is available for trading on Uniswap.
LiquidLayer Tokenomics and Market Data
Understanding the tokenomics and market data of LILA is crucial for potential investors and users. Here are some key statistics:
- Current Price: $0.5709
- Market Cap: $0.00
- 24h Price Change: 5.37%
- 7d Price Change: -18.92%
- 30d Price Change: 27.88%
- 24h High: $0.5711
- 24h Low: $0.5395
- All-Time High: $2.0172 (2023-11-26)
- All-Time Low: $0.2648 (2024-01-15)
- Circulating Supply: 0.00
- Total Supply: 10,000,000.00
The Purpose and Utility of LiquidLayer (LILA)
The LiquidLayer crypto token, also known as LILA, serves as the native digital currency at the heart of the LiquidLayer blockchain. It has several utilities and roles within the network:
Gas Fees
LILA is used to pay transaction fees on the LiquidLayer blockchain. This includes simple transfers, smart contract execution, and decentralized application (dApp) interactions.
Staking Rewards
LILA token holders can stake their tokens and earn a portion of the yield rewards, making it not just a transactional tool but also an investment avenue.
Governance
LILA token holders may have a say in the future developments and decision-making processes of the LiquidLayer network, ensuring that the community's voice is heard and that the network evolves in line with its users' best interests.
Collateral in DeFi
Given LiquidLayer's emphasis on decentralized finance (DeFi), LILA can potentially be used as collateral in various DeFi applications on the platform, unlocking a plethora of financial services for its holders.
dApp Interaction
dApps built on LiquidLayer might require LILA for various functionalities, be it accessing premium features, in-app purchases, or other forms of engagement.
The LILA token aims to solve the problem of facilitating seamless operations, fueling transactions, and promoting broader network participation within the LiquidLayer blockchain. It also incentivizes engagement and provides utility, growth, and a stake in a future where blockchains are faster, safer, and more decentralized.
Unique Features and Benefits of LiquidLayer (LILA)
The LiquidLayer (LILA) crypto token is the native utility token of the LiquidLayer blockchain, which is a highly scalable Proof-of-Work (PoW) blockchain with an integrated Liquid-Staking-Derivative (LSD) Bridge. The LILA token serves multiple purposes and utilities within the LiquidLayer ecosystem:
Gas Fees
LILA is used to pay transaction fees on the LiquidLayer blockchain, including simple transfers, smart contract executions, and dApp interactions.
Staking Rewards
LILA holders can stake their tokens and earn a portion of the yield rewards, making it not just a transactional tool but also an investment avenue.
Governance
LILA token holders might get a say in the future developments and decision-making processes of the LiquidLayer network, ensuring that the community's voice is heard and that the network evolves in line with its users' best interests.
Collateral in DeFi
Given LiquidLayer's emphasis on DeFi, LILA can potentially be used as collateral in various decentralized finance applications on the platform, unlocking a plethora of financial services for its holders.
dApp Interaction
dApps built on LiquidLayer might require LILA for various functionalities, such as accessing premium features, in-app purchases, or other forms of engagement.
One unique feature that sets LiquidLayer apart from other tokens is its integrated LSD Bridge. This bridge allows users to transfer funds from Ethereum and leverage DeFi instead of merely locking assets, enabling users to earn APY on bridged assets.
Tokenomics and Distribution Model of LiquidLayer (LILA)
The LiquidLayer (LILA) crypto token has a total supply of 10,000,000 tokens. The tokenomics of LiquidLayer involve advancing Proof-of-Work (PoW) blockchains with Ethereum Virtual Machine (EVM) compatibility and trilemma solutions. The unique LiquidLayer Stable Diffusion (LSD) bridge enables users to transfer funds from Ethereum, leveraging DeFi instead of merely locking assets, allowing users to earn APY on bridged assets.
Token Distribution Model
The LiquidLayer token distribution model allocates the total token supply among various stakeholders. While specific percentages are not provided in the source, the following stakeholders are mentioned:
- Founding team: The founding team receives a portion of the total token supply, which aligns with the project's long-term goals.
- Advisors: Advisors also receive a portion of the total token supply, contributing to the project's success.
- Community: The
