The LACE Token

Description

$LACE is the deflationary game token. Getkicks Ecosystem users can earn $LACE by walking, jogging, and running, while using the Getkicks mobile application. Holders can use their $LACE to repair and maintain their KICK NFT Sneakers, and purchase NFT sneaker accessories! Staking $LACE will provide users with experience boosts that will speed up their level progression.

The Proof of Step Model

$LACE is minted at the Token Generation Event (TGE), with a max supply of 500.000.000.000. 30% of the supply is minted into the rewards pool, the remaining is reserved for the $LACE liquidity pool, market-making, and treasury.
The first $LACE tokens will enter circulation through Move 2 Earn rewards. Once 2% of the supply has been entered into circulation, a liquidity pool will be created and $LACE becomes liquid. The Proof of Step (PoStep) model is a groundbreaking economical model that reduces the emission rate of $LACE based on the total amount of steps that are made. In other words, the amount of $LACE per step will decrease exponentially as the amount of users that enter the game increases. The PoStep model brings incredible advantages to the users of the Getkicks Ecosystem.
  • Ensures the longevity of the Lace Token
  • Early adopters are rewarded for their support
  • The increased scarcity of $LACE over time will yield attractive rewards for newly joining players.
The PoStep model promotes the scarcity of $LACE, and connects heavily to Getkicks' dual deflationary token model; in which players joining at all points in time, are rewarded for their sweat, style, and prolonged support!
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