📚Introduction

Ticker: LQN

Mint Address: GD8B6KhufThbCGmNodrTE5feVxU2kK5TRzwxqjahv12G

Chain: Solana

Total Supply: 1,000,000,000

The native cryptographically-secured fungible protocol token of the LIQNFT platform (ticker symbol LQN) is a transferable representation of attributed governance and utility functions specified in the protocol/code of the LIQNFT platform, and which is designed to be used solely as an interoperable utility token thereon.

LQN is a functional multi-utility token which will be used as the medium of exchange between participants on the LIQNFT platform in a decentralised manner. The goal of introducing LQN is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on the LIQNFT platform without any intermediaries such as centralised third party entity/institution/credit. It is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. LQN does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will LQN entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Singapore or any relevant jurisdiction. LQN may only be utilised on the LIQNFT platform, and ownership of LQN carries no rights, express or implied, other than the right to use LQN as a means to enable usage of and interaction within the LIQNFT platform. The secondary market pricing of LQN is not dependent on the effort of the LIQNFT team, and there is no token functionality or scheme designed to control or manipulate such secondary pricing.

The token is introduced to supercharge the development of the project, enabling an explosive growth of a unique NFT marketplace and the community which focus only on premium quality arts and merchandise.

Utilities: Users may spend LQN to enjoy exclusive services on the platform, such as

  • Participation in exclusive mints;

  • As an access token, LQN will grant users privileges such as early access to popular mints by whitelisting;

  • Spending and utilising LQN will allow the user to enjoy discounts on transaction fees;

  • More benefits to come!

Governance: To promote decentralised community governance for the network, LQN would allow holders to propose and vote on governance proposals to determine future features and/or parameters of the LIQNFT platform. Holders of LQN token will vote on key roadmap initiatives and milestones as well as any major platform upgrades and developments (the right to vote is restricted solely to voting on features of the LIQNFT platform; it does not entitle LQN holders to vote on the operation and management of the Company, its affiliates, or their assets or the disposition of such assets to token holders, or select the board of directors of these entities, or determine the development direction of these entities, nor does LQN constitute any equity interest in any of these entities or any collective investment scheme; the arrangement is not intended to be any form of joint venture or partnership).

Last updated