🪙Lazy Token

LAZY is the Utility Token that fuels the Lazy Verse ecosystem.

LAZY Token ID is: 0.0.1311037 (check on HashScan)

LAZY is NOT an investment and has NONE economic value. LAZY assets are not financial investments — these are utility tokens strictly to be used only within the ecosystem. We do not condone investing, speculating or actively trading LAZY. 1 LAZY = 1 LAZY.

LAZY Utility Token is used by users to interact with the Lazy Superheroes apps / experiences and to collect, trade various in-game assets / NFT.

Visual representation of a $LAZY token

Tokenomics

Title	Amount
Max Supply	250,000,000
Decimals	1

Lazy dAppSuperheroesLazy

Lazy Token Dashboard is available on Lazy dApp in order to track circulating supply, burnt supply, SCT supply in real time

Beside initial supply in circulation, new LAZY could be only issued from the Smart Contract Treasury (SCT) through Staking. Various mechanics will be designed for the utility of LAZY and to ensure tokenomics and burning of LAZY on a regular ongoing basis. The creation/destruction of LAZY tokens is ultimately driven by ecosystem usage. Staking generates LAZY ; usage burns LAZY.

$LAZY are partially burnt at each use 💸🔥 making $LAZY a deflationary utility token.

Preallocations

None. Since LAZY is a utility token, there are no preallocated LAZY to anyone.

LAZY Issuance

The only source of emission of LAZY is the Smart Contract Treasury (SCT) towards the Lazy Staking Smart contract. LAZY are passively generated by staking Lazy Superheroes NFT.

Lazy dAppSuperheroesLazy

This article posted on our blog prior to LAZY launch is a good recap of the logic behind the smart contract implementation of LAZY and its tokenomics

Halving

Each 50M LAZY tokens in circulation, there will be a Halving event for Staking rewards.

If LAZY tokens halving happens while a user stake, user will earn at old rate pre-halving and new rate post-halving. This is automatically handled in the Staking smart contract.

Utility

Current utility plans include, but are not limited to:

Buy exclusive NFTs

For example

• NFT only available and buyable in $LAZY

  • Comic Books

  • Extra entries to giveaways...

  • Entries to airdrops and partner's airdrops

• NFT available at a discount when bought in $LAZY

Order custom NFTs

See your character in another pose, or another style, get an animated version of an NFT, we got you covered.

Get a Serum - Gen 1

Gen 1 Holders could buy a Serum with $LAZY to create a Variant of their Lazy Superheroes Gen 1, which will generate $LAZY too. See Mutants

Pay Lazy Farms entry fees

To enter a Lazy Farms, user will have to pay a $LAZY fee.

Boost Lazy Farms lockup period

• Ability to spend some $LAZY to reduce the lockup period time of NFT in Lazy Farms

Play games/Buying game assets

• In the future, $LAZY will be an important piece of games economies and usage

Access to co-writing sessions of the Lazy Superheroes stories

Influence the history and legends of the Lazy Superheroes, cool, isn't it? This is what $LAZY could allow you: being able to determine the past, the future, the actions of characters, and have a lasting impact on the history of Lazy Superheroes.

Access to mentorships sessions

Get enhanced support to start developing on the Hedera network. Special coding corner sessions, painting session with partners, useful mentorship events to reach the next level.

Mint using Lazy Super Minter

Some $LAZY fees are requested in order to mint using Lazy Super Minter

Liquidity

Lazy Superheroes and the team do not provide liquidity for LAZY and have no plans to do so.

However, like most of projects with utility tokens, community members and active users often provide liquidity on decentralized exchanges at their own initiatives. These initiatives are neither related to Lazy Superheroes nor endorsed by the team in any way.

Flow

LAZY Icon

Smart Contract Treasury (SCT)

LAZY is managed by a Smart Contract acting as the treasury account.

The Smart Contract Treasury acts following its rules and requires Team to multi-sig to authorize a transaction.

Lazy Smart Contract Treasury Contract ID: 0.0.1311003 (check on HashScan)

To go further

Consult Burn mechanisms page to read more information about the Burn mechanisms of Lazy Token.

And if you want to consult the code source of Lazy Token go to https://github.com/Burstall/hedera-SC-LAZY-FT-implementation/blob/master/contracts/LAZYTokenCreator.sol

Notes

None of this is a financial advice, LAZY is a token that only has a limited use within the lazy superheroes ecosystem and has no intrinsic economic value. LAZY is an utility token with no use outisde Lazy Superheroes ecosystem and provided utility, with no economic value, and no rights/shares attached to it. It should never be viewed as an investment or currency. Users may have to declare rewards for taxes purposes even if it's an utility token, depending on the laws of your country.

Users should contact their professional financial advisor / tax specialist to audit their reporting requirements and potential tax liabilities. Consult a tax-specialist if you have any doubt.

Some parts of the features described here are currently in Development, so, all the points above are not Live yet.