Lilith Swap

What Is Lilith Swap (LLTH)? Complete Guide Review About Lilith Swap.

What Is Lilith Swap (LLTH)?

The Lilith Swap will be a great opportunity for other projects to give their holders daily rewards. To open a pool in LLTH.staking, the project should comply with our criteria, such as it should have a 10K (With exceptions) supply, it should provide liquidity to LLTH tokens on Uniswap, They should pay for service fees etc. This will be announced as we open our pools publicly. For many years, NFT staking was a blurred subject, because compared to typical fungible tokens, they don’t have objective value.

So the question arises, how can Lilith Swap objectively determine their overall value? As mentioned above, rarity will be normalized to produce reasonable rewards that projected. And poolSize stands for the number of stakers in a given pool, more people come in, fewer rewards will be minted simply to avoid inflation and make other pools are interesting options for potential stakers. Let’s plug some scores into this equation to make some approximate predictions: (they assume that this imaginary pool has a 4x booster and they have 200 people staking).

Lilith Swap Storage Key Points

Coin BasicInformation
Coin NameLilith Swap
Short NameLLTH
Circulating SupplyN/A
Total SupplyN/A
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

An idea

Rarity tools and such services are popular ways to determine the value of NFT as much objectively as possible, but even in this case, comparison of different NFT’s from different collections is not possible. But that’s not your main objective here. They just need the most optimal way to determine how rare is it, and how much LLTH should Lilith Swap mint in exchange. What they do here is very simple, first, this take the number of other items with given traits and divide it by a number of all items, basically a total supply of project and then divide it on 1 so they can have a better representation of numbers, instead of 0.00x floats.

To get the final rarity score, plug every trait into this formula that will produce the array of numbers and simply the sum of this array will be the rarity score of the given NFT. Lilith Swap plug demonzv1 rarity in this equation and what get is, the most casual demonz has a rarity score of 24 while the rarest one produces 342. But this is the case of demonzv1 with its trait count, what about other collections with a casual rarity score of 15000 which is very possible. But first, they explore the traits normalization formula.

Staking rewards

Now, since Lilith Swap covered all the fundamentals about how they objectify rarities, they can safely move to your second equation of how will they handle distributing LLTH rewards based on the above assumptions. Due to new Uniswap v3 core contracts, determining price isn’t as straightforward as it was with the old x * y = k equation. Also, just knowing the initial price won’t give the full picture.

Due to volatility and your liquidity boost propositions, price might skyrocket in a day. Thus, can’t depend on that projection. This is why Lilith Swap planned to launch the staking platform a week after LLTH. And this is exactly why anything down below is subjected to possible modifications but the fundamental idea of calculating the scores will stay the same.

Conclusion

Even if Lilith Swap try and create universal equations which will be as reasonable as the human mind goes, they can’t objectively rate each asset because they have their own value that is created in the community by developers, artists and all the people who dedicated their work time for it. Due to the complexity of this human factor, they will try as much as possible to stay with math, numbers, and traits. Stay safe and tuned for your announcements on the Discord channel.

As you can see, the rewards are somewhat reasonable in terms of the rarity of the staked assets. But again, this is not objective truth, what they did here is just try to normalize everything into the same scale which can be misleading, and sometimes very inaccurate.

Competitive Gaming

Lilith Swap will integrate to enable anyone to play or develop Play-To-Earn games on top of it. The flagship launch of Lilith Swap is Crypto Demonz; a 2D pixel arcade series including a single-player Sidescroller with NFT leader board, multiplayer Battle Royale with skill-based ETH gaming rewards, and a classic Fighter with NFT in-game functionality.

Lilith Swap is based on Play-to-Earn gaming as opposed to traditional pay-to-play. Pay-to-earn is only made possible through the power of decentralized blockchain technology. In play-to-earn, players receive ingame rewards with utility and objective value within the ecosystem for specific interactions, making it more attractive to many compared to traditional centralized gaming culture and e-sports.