In the fast-paced Web3 sector, Loaded Lions, the NFT project of a prominent crypto exchange, Crypto.com, is launching its much-awaited crypto token $LION on Cronos EVM blockchain. This launch denotes a crucial move to redefine the ecosystem of the project. Additionally, it cements its status as a leading player in the digital asset landscape. Overall, the $LION token’s release indicates landmark development to boost Web3 expansion.
$LION Token Launches to Push Advancement in Web3 Sector
With the launch of the $LION token, Loaded Lions is starting its ambitious 5-year roadmap, shaping the project’s future. The respective roadmap takes into account 3 key pillars, including $LION Economy, Community, and Growth, as well as Gaming and Innovation. These pillars work together while aiming to push sustainable development along with offering consistent value to the community of Loaded Lions.
The $LION token plays a vital role in the overall Loaded Lions ecosystem. The project will release the token on the Cronos EVM blockchain. Subsequently, it also plans to expand $LION to Solana, Ethereum, and other prominent blockchains.
$LION will be offering several utilities, letting holders stake their $LION holdings via the Crypto.com App and on-chain vaults. In return for staking, they can earn massive gains and get unique incentives. In addition to this, they can also enjoy exceptional advantages in Loaded Lions: Mane City (the Web3 game of the project.
$LION Holders to Later on Get Governance Rights
Later on, Loaded Lions will also provide governance rights to the $LION holders. As a result of this, they will be able to take part in decision-making procedures to shape the Loaded Lions ecosystem’s evolution. The $LION token’s cumulative supply is 100B tokens out of which 50% is allocated for strategic partnerships and community.
Apart from that, market and operation across the Loaded Lions ecosystem will get a 10% of the total supply. Additionally, the project has specified 15% of the token supply for the reserve thereof. Along with that, the rest of the 25% will focus on meeting the liquidity requirements.
Exclusive $LION Airdrop to Incentivize Devoted Participants
According to Crypto.com, parallel to the launch of $LION, Loaded Lions is also conducting an exclusive airdrop. This initiative will benefit the most devoted participants of the ecosystem. Those holding Crypto.com – The First Frontier, Cyber Cubs, Dark Lions, and Loaded Lions NFTs are the eligible participants for the airdrop. Moreover, the top one thousand players from the above-mentioned game will also receive $LION tokens.
