Lucrar token

The Lucrar (LCR) token is a BEP-20 token standard on Binance Smart Chain.

Lucrar tokens and NFTs are not securities. The transactions on them are not subject to the applicable rules on the protection of investors in securities.

The Lucrar (LCR) token was created on the 2nd February 2022 (after several months of testing) and is a BEP-20 token standard on Binance Smart Chain that extends ERC-20, the most common Ethereum token standard. The Lucrar token contract address is 0x1510211E6DC81F5724A1BecA33C5AC70Dcca6CE0.

Anyone can check all the Lucrar token information on the Blockchain (transfers, holders, info, DEX Trades, Contract, Analytics, Supply, and more) using the BscScan: https://bscscan.com/token/0x1510211e6dc81f5724a1beca33c5ac70dcca6ce0

Binance Smart Chain (BSC) was developed as a means of utilizing solidity-based smart contracts with much greater speed and efficiency than other, competing chains. With decentralized exchanges on BSC o­ffering lightning-fast swaps and low fees, BSC has started to become one of the most widely used blockchains for Decentralized Finance (Defi). BSC uses a token protocol developed by the BinanceTeam called BEP-20.

Supply

The Lucrar token cannot be earned; the company and project will not create anything that might unbalance the supply and demand of the Lucrar token.

There are 100,000,000 Lucrar tokens in total and all of them are minted since the first day of smart contract deployment. No more will ever be “burned” nor “minted”.

The limit placed by the blockchain's code on the absolute maximum supply (hard cap) is those 100,000,000 Lucrar tokens and it will never be more nor less than that.

Fund release

When the Lucrar token smart contract is deployed the company's main cold wallet (deployer) will have 20% of the Lucrar token total supply. The remaining 80% of the Lucrar token total supply is in the smart contract and cannot be used.

However, each quarter precisely 1 million Lucrar tokens (1% of the Lucrar token total supply) drop into the company's main cold wallet (deployer), not more nor less, by activating the “releaseFunds” command in the contract. This means it will take 20 years for all Lucrar tokens to be released from the Smart Contract to the company's main cold wallet, starting in April 2022.

This was made as a safe method for the company gradually inject the Lucrar tokens into the liquidity pool in Pancakeswap over 20 years starting on April 2022 (ending on April 2042). It allows for easy trading without causing too much slippage on the Lucrar token price. PancakeSwap is a decentralized exchange (DEX), that allows to swap BEP-20 tokens.

Only the company's main cold wallet (deployer) can release those funds every quarter. This will not impact the Lucrar token price because all the supply was minted from the beginning.

The company main cold wallet (deployer - 0x34CfbB3a3533De9D2574cBfd8e8aeE1119273233) is used for adding liquidity to Lucrar token pool. No other use is intended on the company's main cold wallet. The company will use a different cold wallet (0x72626707f2148124Cea8A7529fbc6e9e7BC2801e) to buy, transfer or sell Lucrar tokens as it is shown in the “Security and Protection” section.

Token distribution

The company decided not to do a seed sale, nor a private sale, nor a public sale because the project already had all the necessary funding from the founder Gustavo Araújo.

The advantage of not doing an IDO is that the funds go directly to the Lucrar token liquidity pool and its appreciation, instead of project development. IDO is a crypto token offering run on a Decentralized Exchange (DEX).

Initial Public / Private Sale is needed when the project needs to be funded to continue its development. But on the other hand, it can result in significant price drops in the short or medium-term if those people, who bought the token at a lower price than the initial price, sell. And for this reason, the company decided not to make any kind of sale. The development will be funded by the business profit to reach the project goals (as it normally should be to have a healthy financial relation between token’s demand and supply).

In conclusion, no one will get the Lucrar token for “free”. In other words, the token supply will go to the Lucrar token liquidity pool and then anyone can buy their own Lucrar token. Even Gustavo Araújo who totally funded the project will not get a percentage of the Lucrar token total supply. He or anyone in the company team must buy the token as everyone else. The company liquidity was added on the 15th of March 2022, this means there is more volume since this day (for example, from anyone that worked or contributed to the project's success, and 'pancakeswap trading robots') as explained in the Price and Liquidity topic.

The company team members, marketing, business development, and more, will be financed from the company's profit, and not through the Lucrar tokens that are held by the company's main cold wallet.

Price and Liquidity

The Lucrar token started by being listed on Pancakeswap around 0.01€ per token. This price was planned because - if the company listed around 0.10€ there would be very few tokens circulating in the liquidity pool. On the other hand, if we listed around 0.001€ the main cold wallet (deployer) could add all the tokens to the liquidity pool - this could make it difficult to list the Lucrar token on some exchanges. Furthermore, it would not be possible to monthly add more liquidity to the pool because the main cold wallet (deployer) would be empty.

The Lucrar token price can be tracked on Dextools since 2nd February 2022 when it was created. However, it was on 15th March 2022 that the company liquidity was added to the pool. This means there is more volume since this day - https://www.dextools.io/app/bsc/pair-explorer/0x949292e7eb14ed1f86a33e3d38eb3aceade66ba9

The company initially added around 80 BNB worth 27000€ (around 30000$) through the investment rubric to the Lucrar token liquidity pool in Pancakeswap on 15th March 2022. In comparative terms, it was more than 50% of the company's share capital. The company didn't add the liquidity on 15th April 2022 (project launch) because it was too close to the main event and something could go wrong. Something like this must be done in advance.

The company didn't need to do an initial token sale, therefore from the moment Lucrar token is listed on Pancakeswap anyone is allowed to buy or sell it.

The price fluctuates depending on Lucrar token demand and supply. This includes the token utility and the company's investments that contribute to the Lucrar token price.

The Lucrar token liquidity information on Pancakeswap can be found here: https://pancakeswap.finance/info/token/0x1510211E6DC81F5724A1BecA33C5AC70Dcca6CE0

Mechanics

Let's start by introducing "What happens if everyone starts to sell the Lucrar token?"

The company's team thought about this situation and that is why there is no IDO nor public/private sales. According to our team's tests, if everyone sells the Lucrar token: the price would return approximately to the initial value of 0.01€. On the other hand, whenever a project has an IDO or a private/pubic sale this is not possible because someone is buying below the initial value.

Whenever there is a large seller, even a 'whale', that tries to sell many Lucrar tokens - the Pancakeswap supply/demand mechanism will decrease the Lucrar token price so the large seller 'remove' fewer BNBs (or another coin/token) from the Lucrar token liquidity pool. In order to maintain the Lucrar token supply and demand balance.

It is easy to make a self-test: by buying a large quantity of Lucrar tokens and then immediately sell those same tokens (without having any other buy/sell orders in between). Result: The price of Lucrar token would be approximately the same. Probably even bigger because Pancakeswap charges a 0.25% fee (0.17% to LP token holders, 0.03% to the Treasury, and 0.05% towards CAKE buyback and burn). It means, in every transaction 0.17% fee is being held by liquidity providers, and the biggest liquidity provider is the company's main cold wallet (deployer) which is used to add liquidity. This contributes to the appreciation of the Lucrar token.

However, the company has more measures to prevent this situation.

First, the company has a fourth cold wallet for the Lucrar token reserve that will be used when there are significant drops at the Lucrar token price, identified by 0x39B6Cb2fe7f7E9dDf10121A5506EE5faDA3b334c. Everything was explained in the Security and Protection.

Second, the company will allocate 40% revenue, after the determination of current results, to invest in the Lucrar token to contribute to its appreciation (30%) and it will also increase the Lucrar token liquidity (10%) by depositing Lucrar tokens plus Binance coin on the Lucrar token’s liquidity pool in the Pancakeswap. Everything was explained in the Distribution of results.