The Treasury and LIF
The Treasury and LIF plays an important part in the LockPay Protocol. A portion of fees from buys and sells goes into the treasury and LIF which performs three important functions.
- 1.The LIF provides funding for the marketing of LockPay.
- 2.The Treasury also acts as additional support for the LIF which protects LockPay in the event of an extreme price drop. It helps create a supporting floor for the token. The max buy back amount is limited to 30BNB, and is completely at the discretionary of the team. Investors have zero vote on how the treasury is used.
- 3.A portion (30%) of the treasury is paid out as monthly expenses in order to sustain LockPay operations. This will replace team tokens protecting the coin from unnecessary sales for sustaining operations.