LAY3R TOKEN
The liquidity-proxy token
Last updated
The liquidity-proxy token
Last updated
This section is presently undergoing updates. Please check frequently for changes.
The AutoLayer token is pivotal to the protocol ecosystem, increasing in value as the user base expands. Currently, all transactions conducted via AutoLayer have a 0.2% fee, calculated based on transaction volume.
The fees will be held for a 24-hour period, after which they will be used to purchase LAY3R tokens on the open market. This process not only creates consistent buying pressure for LAY3R but also directly rewards stakers, enhancing their benefits and supporting token growth.
Consider a scenario where AutoLayer processes a transaction volume of $500,000. With a 0.2% fee applied to each transaction, this would generate $1,000 in fees. Instead of simply collecting these fees, AutoLayer holds them for 24 hours before converting them into $LAY3R purchases on the open market. This process creates direct buying pressure, benefiting token holders by potentially boosting the token’s value.
Under current market conditions, such pressure could translate into a 2% daily gain on AutoLayer, culminating in a projected $70,000 increase over the course of a week. By integrating these fees directly into the token economy, AutoLayer not only rewards stakers but also strengthens market confidence, making every transaction a contributor to overall growth.
Community Milestones are essentially growth goals for AutoLayer. Every time a community milestone is achieved, a certain portion of AutoLayer's incentives is unlocked and distributed to the LAY3R community. Holding LAY3R plays an important role in achieving Community Milestones, and holders will be rewarded as certain milestones are reached.
Read the AutoLayer Points Sytem for more information about the Community Milestones.
Ticker: LAY3R
Maximum Supply: 30,000,000
Initial Circulating Supply: 2,386,880
Token Format: BEP-20
Lock Up: 94,92% of LAY3R is initially locked and the tokens will unlock over the course of 5 years per the Token Release Schedule below:
20% - 6,000,000 LAY3R
AutoLayer wouldn’t be possible without a thriving community of supporters, which is why we are allocating 20% of the token supply to the community. This will be distributed through airdrops and other incentives over a 5-year period. These airdrops will be distributed based on Community Milestones, which are activated by goals achieved by the community.
Community Milestones are associated with the maturity of AutoLayer and will be initially defined by the AutoLayer team and subsequently by the AutoLayer community.
25% - 7,500,000 LAY3R
The Ecosystem and Incubation category represents a portion of LAY3R that will be allocated to strategic contributors to the broad AutoLayer ecosystem, including community organizations, developer community growth initiatives, strategic contributors, and more.
18.2% - 5,471,999 LAY3R
The core contributors to AutoLayer will be allocated 17% of the token supply. This portion is reserved for the decentralized set of organizations who have tirelessly focused on the security, engineering, product, funding, infrastructure, growth, and operations of AutoLayer. Less than 7% of this allocation was released on TGE.
5.38% - 1,615,385 LAY3R
The public round was held on different Launchpads and was the first opportunity for our users to be part of the AutoLayer ecosystem as LAY3R holders. The AutoLayer IDO was held on Poolz, Magic Square, DexCheck, Gains, Seedify, and ChainGPT Launchpads.
Liquidity Provision
10% - 3,000,000 LAY3R
This percentage of the total supply will be used to provide liquidity over different decentralized exchanges, to boost price discovery and liquidity on the DeFi ecosystem.
Treasury
7,38% - 2,214,000 LAY3R
This portion of the token supply is dedicated to AutoLayer's reserves. This aims to drive priority initiatives such as future interoperability research, providing grant funding to ecosystem teams, supporting the developer community, funding operational expenses, and other relevant programs.
Strategic Advisors
4% - 1,200,000 LAY3R
This portion will be allocated to strategic network participants who have taken a vested interest in the long-term success and stability of the network. These participants include strategic angels, builders, and technical partners, with deep crypto expertise in network governance and scaling.
AutoLayer Team
10% - 3,000,000 LAY3R
This 10%, with the longest vesting period, goes to the core AutoLayer Team (our developers, designers, marketers, and analysts).
