LCT (Liquid Contribution Token)
Last updated
Last updated
The Liquid Contribution Token (LCT) is a utility token that represents a user’s contribution to a specific funding pool on Contribo.
When someone contributes stablecoins to a pool, an equivalent amount of LCT is minted and sent to their wallet. This token is the sole proof of participation and is required for claiming project tokens after TGE.
Key characteristics:
Minted on Contribution: LCT is automatically issued to when they fund a project pool.
Transferable: LCTs can be transferred, sold, or bought on supported marketplaces, enabling secondary liquidity for contribution rights.
Redemption Required: After the project’s TGE and token allocation, users must burn their LCTs in order to redeem their share of project tokens. Redemption ratios are set and published by Contribo based on total contributions and received allocation.
One-Time Claim: Once an LCT is burned for , it cannot be reused.
By design, LCT enables flexibility for while maintaining transparent and verifiable tracking of participation.