This amount is the maximum amount that can be withdrawn from escrow.The amounts actually withdrawn will be left up to the founders to decide up to the maximum allowed.New users will be allocated a certain amount of tokens to use within the Loly Ecosystem (cannot be withdrawn but can be spent in app.These 100 million tokens will be held in a lockup contract and released, according to a set schedule, for use in the system.
These tokens will provide incentives to sign up and use the Loly platform during the ramp up of production.
In addition, it will allow us to be able to reward our early supporters by giving them to purchase highly discounted tokens that will allow them to receive future subscriptions and in-app purchases at discounted rates.
During the Sale, the first 1,000 Lifetime Memberships to Loly will be sold at a 90% discount, followed by an 80% discount for the next 1,000 Lifetime Memberships, and a 70% discount for the last 8,000 Lifetime Memberships.
25,000,000 LOLY (5% of total supply) will be allocated for bounty programs.
The following programs are included in this allocation: Liaison (1% of total supply), General Affiliate System (up to 2.6% of total supply), General Bounty (1% of total supply) for Loly community members, Marketing Bounty (0.4% of total supply), such as promotional programs, Banner ads for 3rd party sites.
Simultaneously, it will help us to build and grow our community from day one by identifying new members who will help us create the critical mass necessary to expand our community-based platform globally.