Tokenomics

Token Overview

In-Game Currency: LOOKA tokens are used to buy and sell Lookalikes and pay for entry into special events and PvP battles.
Breeding Costs: A fixed number of LOOKA tokens are required to breed new Lookalikes. All of these tokens are burned, creating a deflationary economy.
Staking: Players can stake LOOKA tokens to earn rewards, gain voting rights in governance decisions, or unlock exclusive game features

Presale: 40% of the total supply (200,000,000 LOOKA tokens) will be sold during a presale event. The price for the presale is set at $0.0020 per token, with the goal of raising $400,000 to fund the development and marketing of LOOKA. Community members participating in the presale will also receive exclusive bonuses, including a Tier 2 NFT for every $100 invested, further incentivizing early support.

The LOOKA tokens will be distributed according to the following breakdown:

Presale Token Holders: 40% (200,000,000 tokens) will be allocated to seed round entrants. To ensure long-term commitment and minimize market volatility, 40% of these tokens will be unlocked at the Token Generation Event (TGE), with the remaining tokens vested over a 3-month period.
Team and Advisors: 15% (75,000,000 tokens) will be reserved for the core team and advisors. These tokens will be fully vested over 6 months, with no initial unlock at the TGE, ensuring that team members are aligned with the project's long-term success.
Strategic Partners: 4% (20,000,000 tokens) will be allocated to strategic partners who contribute to the ecosystem’s growth. These tokens will have a 1-month cliff, followed by vesting over the subsequent 3 months.
Community Rewards: 28% (140,000,000 tokens) will be distributed as rewards to the community. These tokens will be used for player incentives, including in-game rewards, staking rewards, and participation in governance. The tokens will vest evenly over a 6-month period.
Operational Reserve: 10% (50,000,000 tokens) will be set aside for operational expenses, including marketing, development, and future strategic initiatives. These tokens will vest over 3 months, providing flexibility for ongoing project needs.
Exchanges Liquidity: 3% (15,000,000 tokens) will be allocated to ensure sufficient liquidity on exchanges, facilitating smooth trading and token stability.

To ensure a balanced and sustainable token release, the following vesting schedule will be implemented:

Seed Token Holders: 40% at TGE, with the remaining 60% released evenly over the next 3 months.
Team and Advisors: Tokens will vest equally over 6 months, starting from the TGE, with no initial release.
Strategic Partners: Tokens will be released over 3 months after a 1-month cliff.
Community Rewards and Operational Reserve: Tokens will vest evenly over 3 months.

The Lookalikes ecosystem is designed to maintain a healthy balance between token supply and demand:

At TGE (October 2024): Approximately 42.17% of the total supply (210,833,333 tokens) will be in circulation, including tokens from seed investors, community rewards, and liquidity allocations.
By March 2025: 100% of the total supply (500,000,000 tokens) will be fully vested and available in the market.

Last updated 3 months ago