LIT, or Liquidity Incentive Token, is the core component of Timeless' liquidity engine, Bunni. Bunni is a liquidity engine that was built on top of Uniswap v3. It was initially released in October 2022 as a public utility that represents Uniswap v3 liquidity positions as fungible ERC-20 tokens instead of NFTs. This allows for more complex incentivization schemes to be created for Uniswap v3 liquidity. Timeless hopes that by launching LIT, other projects will be able to incentivize their token liquidity at a much higher level of efficiency. Additionally, Timeless will use LIT and Bunni to bootstrap liquidity in its own yield token markets.
Since its initial release, Timeless has continued to improve and develop Bunni, turning it into a full-fledged liquidity engine, with improvements to its tokenomics inspired by protocols such as Curve and Balancer. These improvements aim to:
- Encourage the longevity of the protocol by disincentivizing farming-and-dumping and aligning the interests of liquidity providers and LIT holders
- Provide the protocol with a large treasury to fund growth and reduce LIT price volatility
- Maintain a high level of liquidity for LIT
You can read more about the LIT tokenomics on our blog.
Where is Timeless available for purchase?
You can exchange LIT tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Timeless is Balancer V2, notably the LIT/WETH pair, which saw a trading volume of $ 4,556.21 in the past day.
What is the highest value Timeless (LIT) has ever reached?
Timeless (LIT) reached its peak price at 0.1623 $ on 01 March 2023, approximately 3 years ago ago. Presently, the current price is -94.82% lower than this all-time high.
What is the historical minimum price for Timeless (LIT)?
The minimum price reached for Timeless (LIT) was 0.001037 $, documented on 16 February 2023, more than 3 years ago. In comparison, the current price is 709.63%, it above this historical low.
What is the fully diluted valuation of Timeless (LIT)?
The fully diluted valuation (FDV) of Timeless (LIT) stands at $ 5,17 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 1,000,004,676 LIT tokens. The realization of this FDV might take several years depending on the emission schedule of LIT tokens.
How to add Timeless (LIT) to MetaMask?
By integrating Timeless (LIT) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import LIT as a token. You can either manually import LIT by copying its contract address (0xfd0205066521550d7d7ab19da8f72bb004b4c341) or use MetaMask's Chrome extension to add LIT with a single click through P.CASH.
How to add Timeless (LIT) to TrustWallet?
Incorporating Timeless (LIT) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include LIT, you can either manually import it using the contract address (0xfd0205066521550d7d7ab19da8f72bb004b4c341) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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