LSC Treasury

Funds allocation

The goal is to ultimately become community run, with major changes being voted on by NFT holders. Initially the invested funds will be deposited into a multisig wallet that is controlled by the team.

Funds allocation for Community rebasing: 60%

Treasury Wallet Address: 0xb629e9b3167c769b0044b67c67bc7fb36CDcE131

Team Allocation for ongoing development and support: 20%

Research and Development 10%

Eco System 10%

The team wallet will procure the Safuu within 24 hours of mint completion. Once the safuu has been purchased the clock will start and the discord channel is notified so that the 7 day draw will occur at the same time every week. The winner will receive their reward, which is initially set at 50% of the rebases collected, and the team will be paid from their rebases allowing the remaining 50% to compound in the pool to generate larger returns for the next 7 day period.

When the SafuuX sacrifice stage starts, 100% of the funds in the pool will be sacrificed on the first day to ensure the community get the best possible allocation of safuux coins when they are available. At this point, there will be no more giveaways and the team will be working hard on developing the NFT launchpad to launch on SafuuX blockchain. During this time of no rewards, there will be a community vote to establish the allocation of the SafuuX rewards compounded during the testnet phase. We envision that 50% of these funds will be split equally to all holders to provide an immediate ROI for all holders, with the remaining balance going into the compounding pool for the resumption of the lucky weekly prize, but the community may choose to change this during the testnet phase via a decentralised voting mechanism where each holder gets 1 vote per NFT they own.

The royalties on the resale of each LSC NFT will be 10%. 5% will be going towards a research and development wallet that will be used to finance the creation of LSC projects on the SafuuX Blockchain. The first project being our own NFT launchpad on the SafuuX Blockchain. The next project and all upcoming projects will be chosen and approved by all LSC holders. 5% will be going to the LSC treasury for bigger rebases.