Tokenomics
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Tokenomics Explained: An Easy Guide to the LegitDAO Smart-Contract
The LegitDAO contract combines governance, utility, and incentive mechanisms to create a decentralized autonomous organization (DAO). This contract provides a structure where DAO members can participate in decision-making, contribute to projects, and earn rewards.
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LegitDAO Token Distribution
LegitDAO comprises a total of 100 million tokens, each of which is divisible into 100 million smaller units. The table below outlines the wallets that contributed to the project, detailing the number of tokens allocated to each wallet at the time of minting. It also includes information on the wallets they referred to the project, the tokens they earned through their contributions, and the tokens they received as referral rewards. For founders, the table additionally shows the tokens allocated to them.
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Tokenomics of the LegitDAO ecosystem
In the world of decentralized organizations, the structure and governance of the system play a pivotal role in its success. LegitDAO, a decentralized autonomous organization (DAO), comprises several essential components, including the founding members, the affiliate network, and the DAO smart contract itself. This article delves into each of these elements, outlining their functions, interactions, and contributions to the overall ecosystem.
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