Vesting Tutorial – 11.01.2024
You have received your LTC (LOD3 Token Classic) into your LOD3wallet found under the LOD3 Banner in Vault Assets. The LTC is a token which when Deposited into the Vesting and Staking Contract converts 4% of the LTC position into LOD3 Token Avalanche exactly every 30 days. This provides for an orderly transition over a 25 month period.
Once deposited you will see a Date and Time stamp where every 30 days after the time shown, you will go into the Vest LTC category and either Stake or Claim the 4% of LT Avalanche that are waiting there. Once you Stake the LT Avalanche they will begin to generate rewards at a rate of 7% APY.
As the Live Market develops it will be up to you to decide when you want to Claim your LT Avalanche. Once Claimed they return to your wallet for you to either sell or swap on the Live Market or Stake within the RG3N (Rewards Generator).
To Deposit your LTC you will need to first confirm that you have AVAX in your wallet for transaction fees (gas). LOD3 sent out .04 AVAX to all LTC holders for this purpose.
Now Click on Vest LTC on the left side Category List. You will need to Log in with your PIN
You will now agree to Terms of Use and Deposit your LTC into the Vesting and Staking Contract. When you do this the LTC that were showing in your LOD3wallet will now transfer to the Contract. When you click the LOD3 banner under Vault Assets you will see them there under Vested LOD3 Token Classic.
You will now see a page with a Date and Time stamp. Use this calculator to show the days that you need to return to your wallet to Stake your 4% of LT Avalanche.
Enter the date you Deposited, scroll to the far right and enter 30 Days, then click on Repeat box and enter in 25 months. Click Calculate.
Now input these dates into your Calendar at a time that is later than the time stamp indicated on your Deposit time.
You will also be able to confirm how much in LT Avalanche Rewards you have accumulated by visiting the V3ST LTC category.
Once your LTC have been Vested (Deposited) you can now confirm what has been Vested and how many LT Avalanche you have Staked, after the first initial 30 days. (Remember that the Staking feature is tied to date AND time, meaning after the time that your Deposited).
To confirm this, click on Vault Assets, click on the main LOD3 banner, and you will now have a drop down menu showing LOD3 Token Avalanche, LOD3 Token Classic Avalanche (which should now be zero), Vested LOD3 Token Classic Avalanche (which should be your entire position), and VOT3 Token Avalanche.
The quantity of VOT3 Token Avalanche that show in this category equates to the exact same amount of LOD3 Token Avalanche that you have Staked. These VOT3 Tokens qualify you to participate in the LOD3dao Community for voting on proposals that will be presented to help advance and strengthen the LOD3dao Ecosystem.
This voting designation is also what changes the LOD3 Token from a Security to a Utility Token no longer requiring KYC.
At the time that you Claim your LT Avalanche, they will be removed from the Vesting & Staking contract, and placed into your LOD3 Token Avalanche category. Your corresponding VOT3 Tokens will also disappear from your wallet.
The only reason that you would be removing them from the V&S contract is because you feel that the Live Market or the RG3N (Rewards Generator) are a better place for you to park your LOD3 Token Avalanche. When you Stake LT Avalanche within the RG3N you will Receive a corresponding number of VOT3 Tokens.
Finally, Staking your entire position over a 25 month period will qualify you to be a part of the Bonus Jackpot. This amount is still to be determined, but will likely be tied to the RG3N.