Lola is a new crypto project aiming to unlock the power of token ownership. The initiative offers incentives for community members to actively participate in staking and support token growth. The search for a secure way to store value and reward investors has been going on for a long time. This project proposes its own […]
Lola is a new crypto project aiming to unlock the power of token ownership. The initiative offers incentives for community members to actively participate in staking and support token growth.
The search for a secure way to store value and reward investors has been going on for a long time. This project proposes its own recipe to help the crypto community make the most of its tokens.
Through its reward system, Lola aims to provide holders with a rewarding experience that traditional token ownership alone cannot provide.
By offering daily rewards for staked tokens, Lola enables its users to earn passive income from their holdings. This article will explore the details of the project, from its tokenomics to its roadmap. We’ll take a closer look at what sets Lola apart and how it can benefit investors.
How Does Lola Work?
Lola is a new initiative combining blockchain technology’s power with the fun and humor of memes. The goal is to create a vibrant community where users can participate in a dynamic ecosystem.
Lola promises an accessible, easy-to-use, and enjoyable cryptocurrency experience. It aims to provide innovative features, a supportive community, and the opportunity to join a new era in cryptocurrency.
The subsections below will help us understand this platform’s staking philosophy and how the LOLA cryptocurrency works.
Building a New Crypto Project Around Staking
Before we look at Lola’s staking mechanism, we’ll spend a few words introducing the concept of crypto staking.
Staking lets holders of certain tokens lock them and receive rewards for doing so. This process acts as an incentive mechanism designed to promote user engagement, sustainability, and growth within the project.
Lola’s team proposes an innovative system where 60% of the token supply goes to the staking system. This way, community members are encouraged to actively participate in staking and support the project’s growth.
Stakers can lock any amount of token and be eligible for daily rewards of 1% of their staked funds. Additionally, users can unstake their tokens and access them whenever they desire, with no restrictions or lock-up periods.
Users become an integral part of Lola’s network and contribute to its stability by participating in the staking mechanism. Stakers can unlock the power of their holdings and be part of the growth journey of this new project.
The LOLA Token
Perhaps the easiest way to understand how the LOLA token works is through its tokenomics.
Specifically, the team divided the token allocation among the staking contract (60%), presale 1 (8%), presale 2 & launch (25.5%), and CEX partnerships (6.5%).
The staking contract allows members to earn daily rewards, while the exclusive Lola presales let early adopters secure their tokens.
Allocating a part of the tokens to partnerships with reputable CEXs is a strategy with a clear aim. By doing this, the team intends to ensure liquidity and accessibility of the token. This balanced approach makes sure that everybody has a chance to benefit from the token’s success.
Buying LOLA is not a complex operation, as the team simplified the whole process into three steps:
- Create a wallet
- Go to Uniswap and paste the token address available on Lola’s website
- Swap ETH for LOLA.
The process intends to be easy to use and secure, ensuring users have the best experience interacting with LOLA.
A Detailed Look at Lola’s Roadmap
Crypto projects are becoming increasingly popular as they promise to revolutionize how we interact with digital assets. In order to succeed, these projects must share a clear roadmap outlining their development plans and goals. This lets investors better understand the project and make informed decisions on the crypto market.
The Lola project is no different – its team has released a detailed roadmap highlighting four development stages. The next subsections will provide an overview of each stage to better understand what Lola aims to achieve over time.
Lola’s roadmap will open with two presales. The first presale will be available on the team’s official website, while the second will launch on PinkSale. After these two stages, the Lola developers will list their tokens on CoinGecko and CoinMarketCap.
The final step in Phase 1 will be to reach a milestone of 2,000+ holders interested in the project. This number should be achievable through the team’s and its supporters’ hard work.
The second phase of Lola’s roadmap includes:
- Releasing merchandise.
- Listing on a major crypto exchange (CEX).
- Growing the number of holders to 15,000.
Moving from 2,000 to 15,000 holders is an ambitious goal. However, Lola is confident that this milestone will be at their fingertips through hard work and dedication to their mission.
The merchandise will allow LOLA fans to show their support in a new way. Going live on a CEX is an exciting development for the team, providing much-needed liquidity for holders.
The third phase of Lola’s roadmap involves exchange listings, allowing holders to trade and access liquidity for their tokens.
The team expects launching LOLA on multiple Tier 1 exchange platforms will attract many new holders. Specifically, the goal is to reach at least 150,000 holders.
This milestone will help increase the demand and usage of LOLA tokens, creating an even more valuable asset for investors.
Finally, with the introduction of LOLA Games, LOLA Tools, and LOLA Pay, the team will complete all its first goals. The team will use its social media channels to share more details about these products in the future.
What matters in this phase is that Lola’s ecosystem appears destined to incorporate new features. The operation will bring diversification to the platform and expand its reach.
Bottom Line – A New Crypto Staking Project with an Upcoming Presale
The Lola project is a new crypto-staking project that has already released an extensive roadmap outlining four stages of development. The team intends to offer two presales, CoinGecko and CoinMarketCap listing, and more.
Lola’s ambitious goal of reaching 150,000 holders is a prospect that could appeal to many crypto enthusiasts. That said, remember that the team’s Twitter and Telegram channels are the best places to stay up-to-date with their progress. Moreover, Lola’s official website is the first place to go for more information regarding the upcoming presale.