LumberJack Finance Tokens

1: $LEAF is an algorithmic stablecoin that is pegged 1-1 with $WCRO, the protocol's algorithm creates stability and price balance in the long run

(LEAF adopts algorithm to pegs so won't be able to hold 1:1 all the time like other fiat-backed stablecoins)

2: $TREE is the main token used in staking activities and the token earned through it $TREE has a maximum total supply of 100.010 tokens distributed as follows:

Team Allocation: 250 $LEAF + 5 $TREE vested linearly over 60 days

Reward : 100.000 $TREE are allocated for incentivizing Liquidity Providers for 365 days

Initial mint: 10 $TREE minted upon contract creation for initial pool

3: $AXE is the token used as a backup of $LEAF when the LEAF:WCRO pegs exceeds 1.01 or drops. $AXE will be used to compensate or earn back for investors during these times

Last updated