🔄Token circulation
Overview of Token Application
Purpose: $LAWD tokens are primarily used for transactional activities within the Lawyerd platform, facilitating access, rewards, and premium features related to community-driven brand protection efforts.
Token Utilization by Brands
Access Purchase: Brands can access the Snitch-to-Earn system by converting 3000 euros into $LAWD tokens.
Subscription Model: Brands may opt for a monthly subscription, paying 1000 euros (converted into $LAWD tokens) to utilize community-driven brand protection services.
User Incentives: Brands can set rewards for users detecting violations, starting at 1 euro per violation in $LAWD tokens, with a minimum purchase of 1000 rewards.
User Engagement and Benefits
Access and Staking: Users must stake $LAWD tokens to access the platform, with the amount varying by desired access levels and privileges.
Staking Benefits: Higher stakes unlock enhanced features, including case validation, increased reward potentials, and faster payout options.
Reward System
Fiat Rewards: Users receive rewards in fiat currency for successful reports, ensuring the stability of reward value.
Dynamic Calculation: Rewards are dynamically calculated based on the violation's severity, user’s stake, accuracy of reports, and historical performance.
Passive income for high-stakers
Transaction Fees: Share a portion of the transaction fees collected on the platform with users who have staked above a certain threshold. This includes fees from brand services, dispute resolutions, or any other premium services offered.
Service Fees: If the platform charges brands for IP protection services, a percentage of these fees will be distributed as dividends to high-stake users.
Infringement data selling: High-stakers will receive part of the compensation from the database with infringement selling to AI brand protection service providers.
Tokenomics
Distribution: Token allocation includes categories such as team, marketing, reward pool, public and seed investment rounds, and founders.
Release Schedule: Tokens are gradually released following a vesting schedule to support ongoing platform development, market expansion, community incentives, and overall ecosystem growth.
Platform Fees
Transaction Fee: Lawyerd imposes a 1% fee on specific token exchanges on the platform related to buying services by brands or receiving rewards by users.
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