veLNDX For Private Round Investors
veLNDX is the locked version of the LNDX governance token. veLNDX is a non-transferable token that represents the staked and locked LNDX tokens of investors who participate in the private round (see details below for how to join the round).
During the token generation event investors who contributed to the private round sale will be minted veLNDX tokens at a ratio of 0.5 veLNDX = 1 LNDX = $0.23 USDC.
The veLNDX tokens earn 2x rewards, via a system designed to maximize the benefits for investors. This pool offers double the rewards for the locked period, enhancing the potential returns for those who have staked their tokens.
The veLNDX tokens will be unlocked linearly over a period of 9 months, following a 3 month lock up period. This structured approach ensures a steady and controlled release of tokens back to investors, aligning with the long-term stability and growth of the LandX platform.
Each month following the 3 month lockup period 1/9th of the veLNDX balance will become unlockable using the claimVestedTokens() function in the LNDX smart contract. Anyone holding veLNDX will be able to visit the platform, connect their wallet and claim the available LNDX and rewards using the user interface. Any unclaimed yield will remain unlocked but will continue to accrue rewards until such time as the investor decides to claim.
One of the most attractive features of veLNDX is the reward system.
A fixed reward pool of 15,600,000 LNDX tokens, representing 19.5% of the total supply, is allocated. This pool is disbursed linearly over a period of five years, translating to roughly 8,550 LNDX tokens distributed daily to stakers.
LandX imposes a 3% fee on farmland financing and 0.25% on regular crop share payments. The distribution of these fees is as follows:
60% to LNDX stakers
35% to LandX Labs operations
5% to the LandX Choice fund, supporting regenerative agriculture initiatives.
As we continue to grow and evolve, veLNDX will play a pivotal role in the LandX ecosystem. Users will be able to lock LNDX tokens to gain varying weights of veLNDX to accrue rewards and participate in the governance of the protocol.
0.25 veLNDX per LNDX for 3 months
0.5 veLNDX per LNDX for 12 months
1 veLNDX per LNDX for 48 months
By requiring the locking of tokens for governance we align the interests of all active parties with the long-term interests of the LandX ecosystem.
If an investor contributes $2,300 USD in the private round, after one year they will be able to unlock 10,000 LNDX tokens + rewards at a cost of $0.23 each. The wallet will show 5,000 veLNDX initially and these will be locked, non-transferable and staked in the 2x pool.
Therefore each veLNDX token distributed in the TGE will unlock 2 LNDX tokens after they have been released over the year long period. Additional rewards in both LNDX and USDC will also be claimable as they will have accumulated in the 2x staking pool which the investors tokens will have been held in during the lock up period.
Learn more with our complete guide to staking LNDX: https://medium.com/landx/a-complete-guide-to-staking-lndx-140108bc7e8e
Have you secured your spot in the LandX private investment round yet? If not, here's your golden opportunity! We're extending an invitation to forward thinking investors to join this phase as we gear up for our platform launch, this is a rare chance to become part of the LandX journey at its most pivotal moment.
Private Round Participation
We are whitelisting wallets that commit to a minimum investment of $5,000 during the private round. Joining the private round means you get the same investment terms as VC investors:
The private round is priced at $0.23 per vested LNDX token.
Lock-in Period: There is a three-month lock-in period following the purchase.
Unlocking Schedule: After the lock-in period, there will be a linear unlocking over nine months.
Why Join Now?: The private round, running from 20th November to 4th December, is an opportunity to get a discounted price on LNDX tokens at the same terms as VC’s
Connect with Us: Ready to sow the seeds of your future with LandX? Contact us on Discord to whitelist your address and join the private round. This is your chance to play a crucial role in the revolution of agricultural finance.
Limited Window: Remember, the window to contribute in the private sale closes 4th December, and it's essential to whitelist your address.
Learn more about how LandX can help you diversify your portfolio with inflation hedged assets that offer yield based on real world production
🎙️ Yesterday the LandX team appeared on a “LandX Launch Special” episode of @DaoChemist #FarmersMarket
We discussed the launch schedule, building in a bear market, growth of real world assets and much more.
You can listen again here:
https://twitter.com/DaoChemist/status/1729220721640128754
Website & App: https://landx.fi
Twitter: https://twitter.com/landxfinance
Discord: https://discord.gg/landx
Medium: https://medium.com/landx
Telegram: https://t.me/landxfin
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