The launch of LAVITA tokens is just around the corner on May 10, 2023! LAVITA is a TNT-20 token natively built on Theta blockchain that rewards users to participate in the healthcare marketplace and help govern the Lavita subchain on Theta Network. All Theta validators and guardians will also be rewarded with LAVITA tokens, and in the near future all Theta edge node operators that participate in training and fine-tuning Lavita’s healthcare AI jobs and payloads. For more information, please refer to the full whitepaper.
LAVITA token generation event (TGE) will take place on May 10th, 2023, and be available on various decentralized exchanges (DEX) to be announced shortly after. LAVITA tokens can be stored and viewed within Theta wallets and on the Theta explorer. Users can immediately start staking LAVITA to help govern and secure the Lavita subchain on Theta network via the company’s website on https://www.lavita.ai/.
Token rewards for Theta edge node operators and participants in the marketplace will be launched in the upcoming months, and the first set of rewards for Theta validators and guardians will occur approximately 3 months after TGE around August 15, 2023.
One hundred million (100 million) LAVITA or ¼ of the allocated 400 million LAVITA will be distributed proportionally to all THETA validator and guardian stakers in this first phase. Thereafter, 100 million LAVITA will be distributed proportionally to stakers each quarter through May 10, 2024. For other distribution details, refer to section 6 of the whitepaper.
Ticker symbol: LAVITA
Decimals: 18
Token address: 0x46fBF4487fA1B9C70d35BD761c51c360dF9459ed
Total supply: 8 billion LAVITA
Total minted at TGE: 6.8 billion LAVITA (remaining 1.2 billion via smart contract as rewards for staking LAVITA)
LAVITA will offer two main utilities in the coming months:
- Data contributors (i.e., individuals) will earn LAVITA tokens when they upload
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