Incentives

A well-designed incentive model ensures that while each participant aims to maximize their own benefits, whilst benefiting the network as a whole. This synergy propels the overall ecosystem to thrive.

1. Testnet Incentives (6-12 Months)

Yuliverse, the sole dapp on the LBS chain so far, has already contributed over 200M raw LBS data to the LBS Chain. As an appreciation to Yuliverse users, LBS Chain will conduct two rounds of [Yuliverse Special Airdrop] during the Testnet phase.

Phase	Date	Quantity
Airdrop	TBA	2,500,000

After the [Yuliverse special Airdrop], the foundation will distribute 7,500,000 tokens as rewards. The distribution is planned as follows:

Phase	Date	Distribution Method	Rewards Sharing Roles	Quantity
1.0	TBA	Based on efficiency	Users, Dapps	1,000,000
2.0	TBA	Based on efficiency	Nodes,Users, Dapps	1,500,000
3.0	TBA	Based on efficiency	Nodes,Users, Dapps	1,500,000
4.0	TBA	Based on efficiency	Nodes,Users, Dapps	1,500,000
5.0	TBA	Based on efficiency	Nodes,Users, Dapps	2,000,000

2.LBS Mainnet

After the mainnet launch, 60% of the total token supply will begin to be distributed. The contract reduces the production rate over time, with a monthly decrease, implementing a halving every four years.

The decay factor is 0.9933 (Every 30 days, the new production = old production x decay factor)

Given that the total supply of $LBS tokens is 100M, and 60% of it is allocated for mining, the total amount of tokens available for mining is 60M. This incentive structure is designed to reward early and active participation in the network, and to ensure the long-term sustainability and growth of the LBS ecosystem.