LAVA Protocol's Guidebook
  • Get started
    • πŸ”–Preface
  • Protocol Overview
    • ♦️BRC20
    • πŸ”·BEC109 Protocol
    • 🎯Our Vision
    • πŸ‘οΈβ€πŸ—¨οΈDePIN Terminlogy
    • πŸ†Point Program
      • How to join LAVA Airdrop
      • FAQ
  • Features
    • 🧰LAVA Protocol's Features
    • πŸ”ΆCross-Chain Bridge
      • BRC20 to EVM Transfers
      • Transaction and LP Creation
      • Cross-Chain Launchpad Storage
      • Future Vision: Decentralized Bridge
    • πŸ’ AMM Protocol
      • Decentralized Exchange (DEX) Integration
      • Selected Trading Platforms
      • Proprietary AMM Protocol
      • Community-driven Applications
    • πŸš€Launchpad
      • Inscription Tokens
      • Rune Tokens
      • For B-Side Partners
      • Future: Open to C-Side Users
    • 🏚️Marketplace
      • Collection Filtering
      • Cross-Chain Trading Process
      • Digital Artwork Trading
      • Candlestick Charts
    • 🚏Staking and Lending
      • Staking and Lending Mechanism
      • Single/ LP Staking
    • πŸͺ™Tokenomics
      • BRC20 Tokens
      • SBT (Soulbound Tokens)
      • ERC20 Tokens
    • πŸŽ‹Applications
      • Fees
      • BRC20 Mini-Games
      • Community Engagement
  • Roadmap
    • πŸ—ΊοΈRoadmap
    • 🧩Conclusion
  • Social media links
    • πŸ”—Links
  • Website
  • X (Twitter)
  • Telegram Chat
  • Telegram Announcement
  • Medium
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  1. Features
  2. Tokenomics

ERC20 Tokens

In addition to its unique BRC20 tokens and SBTs, LAVA Protocol embraces the ERC20 token standard, broadening the variety of digital assets within its ecosystem.

Versatile Roles: ERC20 tokens play various roles in the LAVA Protocol ecosystem. They're used for funding from investors and project teams, engaging in airdrops, earning mining rewards, and participating in liquidity mining (LP). This versatility allows users to dive into a wide array of activities and projects on the platform.

Funding and Teamwork: For investors and project teams, ERC20 token support translates to more financial backing and opportunities for strategic partnerships. ERC20 tokens enable team members and investors to actively engage in building and evolving the ecosystem.

Extra Income and Community Boost: Users can score additional ERC20 token earnings by joining in airdrops and mining campaigns on the LAVA Protocol platform. This not only pads users' wallets but also energizes the community and fosters growth.

Borrowing and Liquidity: Holding ERC20 tokens opens doors to borrowing and liquidity provision activities. This creates fresh opportunities for earning interest and engaging in liquidity mining, enhancing the platform's overall liquidity.

Integrating ERC20 tokens, LAVA Protocol crafts a rich and welcoming digital asset ecosystem. Users are free to explore different avenues, contributing to the platform’s continuous growth and vibrancy.

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Last updated 1 year ago

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