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Loaded Lions Introduces $LION Crypto Token to Expand in Web3

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Loaded Lions, an NFT project by Crypto.com, has launched its cryptocurrency, $LION. The token is the official utility coin of the Loaded Lions ecosystem. It will initially be available on the Cronos EVM chain, with future plans to launch on other blockchains, including Ethereum and Solana.

Crypto.com’s NFT Project Loaded Lions Launches crypto token $LION on Cronos EVM Chain
Crypto.com’s NFT Project Launches $LION on Cronos EVM Chain. Source: X

The main purpose of $LION is to enable staking. Staking allows users to lock up their $LION tokens for a set time in exchange for rewards. Token holders will also gain access to exclusive features and rewards in Mane City, a key part of the Loaded Lions ecosystem, through the Crypto.com platform.

Tokenomics: How $LION is Distributed

The total supply of $LION is set at 100 billion tokens. The distribution is designed to promote stability and long-term growth for the ecosystem. Here is a breakdown of how the tokens will be allocated:

  • 50% for the community and strategic partnerships.
  • 25% for liquidity, ensuring smooth trading.
  • 15% for the ecosystem reserve, acting as a backup for future needs.
  • 10% for operations and marketing to support growth initiatives.

Who Will Receive the LION Airdrop?

Loaded Lions has announced an airdrop of $LION tokens to reward its most loyal community members. An airdrop is when a project gives away free tokens to certain users to build interest and appreciation.

In this case, people who own any of the following NFTs will receive free $LION tokens:

  • Loaded Lions
  • Dark Lions
  • Cyber Cubs
  • Crypto.com – The First Frontier NFTs

Additionally, the top 1,000 players from Mane City’s World Series I & II, along with Mane City partners, will also get a share of the airdrop. This initiative aims to reward loyalty and encourage more participation in the ecosystem.

You May Also Like: Venice AI Airdrop: Venice AI Token Launches for Decentralized and Private AI Access

Where Can Users Trade $LION?

$LION holder can trade the token on several platforms, making it easy for users to buy, sell, and exchange them. The platforms include:

  • VVS Finance
  • Crypto.com App & Exchange
  • Non-custodial wallets, which give users full control of their tokens without relying on third-party services.

Loaded Lions’ 5-Year Plan for Growth

Loaded Lions has set a five-year strategy focused on three main pillars to ensure long-term success and stability:

1. Building a Strong $LION Economy

The plan includes creating a solid financial foundation by allowing users to stake their $LION tokens. Through staking, users can earn rewards and participate in governance decisions for the ecosystem.

2. Expanding Gaming and Innovation

Loaded Lions aims to introduce new and exciting gaming experiences to attract more users. The goal is to make the ecosystem more appealing and interactive, ensuring that it remains relevant and engaging for both existing and new members.

3. Focusing on Community Growth

Strengthening the Loaded Lions brand and providing more benefits to loyal members is a key part of the five-year plan. This focus includes more rewards, exclusive features, and better community engagement strategies.

The post Loaded Lions Introduces $LION Crypto Token to Expand in Web3 appeared first on Coinchapter.
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