⚡Boosters

LOX utility token: the Boost mechanism

This update enhances the platform’s functionality by allowing users and projects to increase token visibility.

Boost Feature Details

• Purpose: The Boost feature enables users to spend LOX to elevate the visibility of selected tokens across the LiftOff Monster platform, independent of applied filters.

• Options: Tokens now include two interaction options:

  • "Heart": Adds a token to a user’s favorites/liked list.

  • "Boost": Increases a token’s prominence on the platform.

• Cost: 1 LOX = 1 Boost.

• Limit: Users can apply up to 10,000 Boosts per transaction.

• Duration: Each Boost elevates a token’s position for 24 hours.

• Visibility: Boosted tokens are automatically prioritized to the top of the homepage and selected filters.

• Ranking: Tokens with the highest total Boost count are listed first on the platform.

Token Metrics Display

• Live Tracking: Each token will display:

  • Total "Hearts" (likes/follows).

  • Total Boosts applied (real-time count).

LOX Utilization Mechanics

• Burn Mechanism: 50% of LOX spent on Boosts is permanently removed from circulation.

• Staking Pool Allocation: The remaining 50% of LOX spent is redirected to the staking pool to enhance staking.

Usage

• Users: Can Boost any token (independent or main hub) to increase its exposure.

• Projects: Can Boost their own tokens listed on LiftOff Monster to enhance visibility.

This update aims to expand LOX utility, improve token discoverability, and strengthen the LiftOff Monster ecosystem through integrated economic mechanics.