Initial ve-Token Offering(IVO)

To ensure the general operation of the platform and further incentivize the loyal community and protocol users , we will launch IVO (LB and veLB sales) for the community and retail investors. Each veLB corresponds to 1 LB, which will be locked in the platform and can be redeemed for LB after the lock-up period ends. The community (users) who choose to purchase veLB will receive a price discount, which is an incentive for long-term loyal users. When holding veLB, users can still enjoy the utility of veLB on the platform.

Rewards for $veLB holders: There are 3 kinds of rewards for $veLB holders on the platform:

1. Rebase: Represent $LB distributed to $veLB holders in order to reduce the voting power dilution.

2. Trading Fee: Represent liquidity pool trading fees distributed to voters in pool tokens ( e.g., if the pool is LB/ETH the distributed tokens are LB and ETH).

3. Bribes: In addition to the fees, liquidity pools allow external rewards from anyone (known as bribes). Bribes can be added to whitelisted pools and are distributed only to voters on that pool, proportionally to their share of pool votes.