On this article, we’ll focus on details about the LifeLine undertaking and LLT token
LifeLine (LLT) constructed on Binance Smartchain is a charity-oriented token for serving to youngsters’s hospitals and foundations with most cancers care, 5% of the availability is reserved for donations.
Most cancers is a tragedy underneath any circumstances, however when it occurs to our youngsters the ache turns into unimaginable. The second that prognosis is made, dad and mom and medical doctors start a determined race towards the clock with no approach of understanding what the result can be.
That’s the place LifeLine is available in. In an ideal world, you wouldn’t should give attention to something apart from your youngster, however we at LLT understand it’s not that easy. Based on a 2019 examine, 2 out of three households expertise important monetary hardship as a way to present acceptable care, which may embrace the price of touring to better-funded medical services.
Our mission is to make use of cryptocurrency as a robust new strategy to purchase and distribute donations the place they’re wanted most. We are able to envision a world the place each youngster is ready to obtain innovative, life-saving therapies with out the present financial repercussions. Now could be the time to begin making that dream a actuality.
LifeLine Token’s Options and Tokenomics
Charity-oriented token for a life-saving trigger. 10% of the preliminary token provide has been reserved. 5% can be invested into financing the undertaking (advertising and marketing, trade listings, and different bills). The opposite 5% belongs to the charity pockets, which can be used for donations to youngsters’s hospitals for most cancers care.
As soon as the market cap hits $500,000 USD, donations will start. On the first Monday of each month, we are going to promote 10% of the tokens within the donation pockets, and donate the proceeds to a youngsters’s hospital for most cancers care. The primary donation will go to Alex’s Lemonade Stand Basis for Childhood Most cancers. Because the market cap grows over time, these 10% month-to-month donations will enhance.
The way it Works?
2% of the transaction payment can be burned, whereas the opposite 2% can be redistributed to all holders proportionately, based mostly on what number of $LLT tokens are in every pockets. This makes $LLT a deflationary and stakable token, benefiting traders and the charity pockets.
LP liquidity tokens to be burned after including it to PancakeSwap.
Each transaction has a four% payment.
Earn passive revenue only for holding $LLT tokens in your pockets.
No pockets can promote greater than 1% of $LLT’s complete circulating provide at a time. This was engineered to forestall huge dumps and additional reinforce the steadiness of the token.
Steadily Requested Questions
Is that this a rug pull / can this be rug pulled?
Briefly, it’s not a rug pull, and it can’t be rug pulled.
If you add tokens after which add liquidity to these tokens, you obtain one thing referred to as an LP-Token, or Liquidity Supplier token, in trade. This lets you take away the liquidity at any time, which is how rug pulls occur. With out the LP-tokens, you’ll be able to’t take away the liquidity, which suggests you’ll be able to’t rug pull. The LLT group despatched our LP-Tokens to a lifeless handle to allow them to’t be accessed or recovered. This can be a methodology referred to as “burning liquidity”, and it helps guarantee the security and stability of a undertaking like ours.
Do you propose on $LLT getting used for a wide range of functions, or will your most important focus keep on supporting charities?
We’ve thrilling plans for the long run, however we’re doing issues one step at a time to ensure we don’t sacrifice high quality for selection. We promise to maintain the neighborhood updated once we are able to make our first steps down a brand new path.
Regarding the giant pockets (Charity Pockets), what are you able to do to assist folks belief that it might’t be rug pulled? Will there be a lock in place?
Completely. We all know that there’s a number of concern round this subject, and understandably so. Right now, you’ll be able to verify the Charity Pockets transactions on BSC Scan, and as we transfer ahead we are going to make all donations as public as attainable so you’ll be able to affirm 100% of the cash we’ve raised goes to the chosen charities. We’re in search of a third-party pockets service supplier to handle the Charity Pockets by solely permitting month-to-month withdrawals of 10% or much less of the whole token quantity. Thus far all of the websites providing these providers appear sketchy, however we welcome you to succeed in out with any concepts.
Are you able to inform us about how LLT plans to construction its token burns? We observed that 5% of the whole provide was burned in someday. Is that sustainable?
It completely is sustainable. To place it merely, LLT has a 2% burn on each transaction. We simply went by means of 5% of the availability as a result of we had such an unbelievable first day. To enter a bit of extra depth, we began out LLT with a big amount of low-cost tokens. We felt like this was the most suitable choice to make sure issues like accessibility to a variety of traders, nevertheless it additionally comes with its personal challenges. After we balanced the professionals and cons, we determined 2% burn per transaction is a possible strategy to slowly lower token provide and enhance token worth over time. In follow, that is just like how Bitcoin has developed throughout its time available on the market. We estimate that our provide can be someplace round 100,000 tokens in six years. However as a result of LLT could be offered in portions as small as zero.00000001, even that received’t be a problem.
What units Lifeline other than different charity tokens?
We see plenty of different charity tokens who donate to animal shelters or environmental foundations, that are all crucial causes, however LifeLine is right here to alter the lives of kids with most cancers. To us, the distinction doesn’t have to be defined past that
How and The place to Purchase LifeLine (LLT)?
LLT is now reside on the Binance mainnet. The token handle for LLT is 0xd37c1417da7bf5b02ffdea8d5427022dc88a0ee2. Be cautious to not buy another token with a sensible contract totally different from this one (as this may be simply faked). We strongly advise to be vigilant and keep protected all through the launch. Don’t let the joy get one of the best of you.
Simply be certain you could have sufficient BNB in your pockets to cowl the transaction charges.
Web site www.lifelinetoken.com
I have been writing about crypto for over two years. I have a vast amount of experience in the industry and my work has been featured on some of the biggest publications in the space.