Lightening Cash — The Incentive Mechanism

Users Incentives

Linghtening Cash App Allows users to spend a small fee to send BNB or any BEP20 token to any address in a way that obscures your sending address. It has two user flows:

  • Deposit: Users can deposit BNB or any BEP20 token to the privacy box and then easily generate a secret deposit note that allows you to use said deposit without revealing your original address. The user needs to protect the secret note in order to redeem the deposit later. A small fee 0.05% of the deposit amount is applied to the deposit transaction and the fee is sent to the protocol treasury.
  • Withdraw: Withdraw allows any user with an Unspent/unredeemed secret note to open the generated deposit commitment and withdraw the deposited BNB/BEP20 token. A small 0.1% fee of the withdrawal amount is applied to the withdrawal. The fee is sent to the treasury protocol.

Multi-yield Farming and Staking

Farming has become a Standard in DeFi where most (if not all) farming systems receive system tokens as reward for providing liquidity. In most of those farming systems, the reward is generated through high inflation.

  • Low inflation from LIC Farming reserve (3 LIC per block, 3s/block, over 6 months): Low inflation provides long-term sustainability for the Token price, thus giving incentives to token holders to provide liquidity and stake to support the system.
  • Transaction fee rewards: Every transaction has 1% transaction fee (Sellers) or less. This transaction fee will be used for rewarding all farmers and stakers, thus increasing APY to attract investors.
  • Buy back: The fees collected in the treasury are used to buy-back LIC tokens from AMM, thus increasing token price to incentivize holding of the token. Furthermore, the token obtained by the buy-back is used for rewarding farmers and stakers, thus pushing APY to further support them.

Farming & Staking LIC

Farmers & Stakers recieve rewards by staking LIC tokens or the pancake liquidity provider token in the farming pools. To support long-term holders, rewards are calculated based on:

  • How much LIC tokens users stake or farm
  • How long users choose to lock liquidity or stake

Join Us!

More Info at Our website: https://lightening.cash/

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Lightening Cash

Lightening Cash

Official Medium of Lightening Cash protocol