🪙LUCX Token

Introduction

Lucia Protocol is a cutting-edge, decentralized data attribution and identity verification platform that leverages blockchain technology to provide secure, privacy-preserving services across both Web2 and Web3 ecosystems. Central to its ecosystem is the LCI token, which incentivizes active participation, facilitates governance, and serves as the foundation for profit redistribution. This comprehensive tokenomics document details the mechanisms and incentive structures that drive the value of the LCI token and ensure the long-term success of the Lucia Protocol.

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Token Utility and Core Mechanisms

Lucia aims to build a permissionless, open, crosschain passport for sharing identity data, which allows companies to advertise better and multiply their return on marketing spend. Our main advantage is that we recognize that most people will not jump through hoops and manually setup their identity card/passport so we create an inverted model where the user without needing any interaction with the platform automatically gets the information collected and segmented together into a crosschain passport.

$LUCX Token

LUCX is the native utility token of the Lucia Protocol, designed to power a decentralized ecosystem focused on data attribution, identity verification, and fraud prevention. LCI provides various utilities that incentivize participation and reward users for contributing to the network.

The LUCX token plays a crucial role in enabling various functions within the Lucia Protocol, including:

• Identity Verification: Staking LUCX tokens is required for participating in decentralized identity verification using the Lucia Cross-Chain Passport.

• Data Monetization: Users earn LUCX tokens by sharing anonymized data with advertisers, with higher rewards for more valuable or engaged data.

• Ad Attribution Validation: LUCX tokens are used by validators to ensure accurate attribution of ad engagements while preserving user privacy through Zero-Knowledge Proofs (ZK-proofs).

• Transaction Fees: Protocol services incur transaction fees in LUCX, a portion of which is burned to reduce token supply.

• Governance: LUCXtoken holders influence protocol decisions through voting, shaping the future of the platform.

Key Utilities of LUCX

1. Earning Stablecoins: Users can earn LUCX by sharing anonymized internet usage data through Lucia Protocol’s data-sharing mechanism. This data is used by advertisers and businesses to gain insights while ensuring the privacy of the data providers.

2. Sybil Data Query Fees: Developers and businesses pay fees in LUCX to query identity data for Sybil detection purposes. This service allows projects to detect and prevent fraudulent activities, such as multiple fake identities being used to exploit airdrops or rewards, enhancing the security and authenticity of the user base.

3. High ROI on Conversions: By leveraging LUCX, businesses can gain deeper insights into customer behavior and market segments, enabling them to create more effective advertising campaigns. This results in higher conversion rates and increased revenue for businesses using Lucia’s ad attribution services.

4. Conversion Event Incentives: LUCXis used to facilitate and reward conversion events. For example, if a new user—previously unfamiliar with decentralized finance (DeFi)—successfully makes their first trade on a Decentralized Exchange (DEX) on the mainnet, this event can be tracked and attributed using Lucia Protocol’s services, creating a valuable data point for businesses.

Tokenomics

Token Ticker	LCI
Token Type	ERC20
Blockchain Explorer and Smart Contract Address	Defined in above section
Max Supply	1,000,000,000
Initial Circulating Supply	10,167,000
Additional Issuance	Inflation rate for first 2 years post TGE shall be 9%. Inflation rate for year 2 to 4 following TGE shall be 7%. After 4 years, inflation rate shall be 5%.
FDV	$22,860,000
Public Sale Price	$0.2286
Smart Contract Audit Report	In Progress - to be finalized prior to TGE
CEX Listing Partners	MEXC, Coinstore
Target Demographics	All European Union countries, Asia, MENA countries, Southeast Asia, Nigeria, Kenya, Ethiopia, Vietnam, Indonesia

Release Schedule

Token Allocation	Amount of Token	% of Total Supply	Unlock % at TGE	Cliff Period (months)	Vesting Period (months)
Team	100M	10%	0%	12	48
Advisor	50M	5%	0%	12	48
Marketing	100M	10%	0%	1	48
Foundation	200M	20%	0%	0	24
Investors	100M	10%	15%	3	12
Pre-Seed Investors	60M	6%	25%	1	4
Public Sale	50M	5%	0%	3	3
Chrome Ext	210M	21%	0%	6-12	0-48

Emissions Chart