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Loop Token (LOOP)

Ticker: LOOP
Contract Address: juno1qsrercqegvs4ye0yqg93knv73ye5dc3prqwd6jcdcuj8ggp6w0us66deup
Terra Classic Contract Address (LOOPC): terra1nef5jf6c7js9x6gkntlehgywvjlpytm7pcgkn4
LOOP is the utility token for Loop Finance. It powers and accumulates value from all Loop Finance products.

Use Cases

The current use case for the LOOP token includes:
  • Farming on Loop DEX
  • Staking on Loop DEX
  • Increased value accrual through LOOP Power, see below.

Value Accrual

  • 50% of all swap transaction fees are used to buy LOOP from Loop DEX and distributed to stakers with Loop Power
  • 50% of all swap transaction fees are for liquidity providers on Loop DEX
  • 50% of NFT Platform fees are used to buy LOOP from Loop DEX and distributed LOOP Power holders
  • 50% of NFT Platform fees are to cover Loop operational costs

Token Supply

LOOP total supply is capped at 1,200,000,000 tokens.

Emissions

LOOP is distributed over a period of at least 4 years, beginning in October 2021. Once the total supply is distributed, no new LOOP tokens will ever be introduced to the supply.
Token generation on the Juno Network occurred on August 19, 2022 with 1.04B tokens left for distribution over 4 years.
Distribution was temporarily paused as a result of Loop's migration from Terra Classic to Juno Network between May to August 2022.

Distribution

See below for a description of LOOP token distribution after Loop FInance's migration to Juno Network.
LOOP Token Distribution

Terra Classic Users - 13.8%

Reserved for previous LOOP and LOOPR tokens users on the Terra Classic Network. Includes LP providers, stakers, holders, and Star Terra and Pylon users (with UST locked at the time of UST depeg) and is distributed over 6 months.
Unclaimed airdrops are recycled into the supply. Learn more about how LOOP tokens will be redistributed to Terra Classic users: Loop Token Recharged

Liquidity Mining, Staking, and NFT Rewards - 20.0%

Reserved for Loop users and NFT Project incentives. Includes 240M LOOP distributed over 4 years.

Charity - 9.2%

Reserved for the Loop Positive Feedback Charity Fund. Includes 110M LOOP distributed over 4 years, where the yield generated is donated in perpetuity to Angel Protocol for charitable uses.
Between December 2021 and April 2022, Loop Finance contributed 0.8% of LOOP tokens to the Positive Feedback Charity Fund, for a total contribution of 10% of LOOP distributed over 4.5 years.
The Loop Positive Feedback Charity Fund receives monthly distributions of LOOP to stake in Loop DEX liquidity pools and other investments. Yield generated from the liquidity pools is donated to Angel Protocol each month. For more information: Positive Feedback Charity Fund.
Donations were temporarily paused as a result of Loop's migration from Terra Classic to Juno Network between May to August 2022.

Partnerships - 14.6%

Allocation is set aside for partnerships with other protocols, centralized exchanges, and marketing campaigns with other entities. Includes 175M LOOP distributed over 4 years. Includes 1% allocation of $LOOP to the Juno Community Fund.

Treasury - 16.7%

Reserved for the long-term maintenance of Loop Finance, further development, and marketing. Includes 200M LOOP distributed over 4 years.

Core Team - 17.5%

Core team tokens allocations began in December 2021 and were paused between May 2022 and August 2022 as a result of Loop's migration to Juno Network. Includes 210M LOOP distributed over 3 years.

Original Investors - 8.3%

Reserved for original investors from early funding rounds for Loop FInance in 2021. Includes 100M LOOP distributed over 2 years.
Between December 2021 and April 2022, Loop Finance distributed 1.7% of LOOP tokens to the original investors, for a total contribution of 10% of LOOP distributed over 4.5 years.

Emission Schedule (in millions)

Distribution Schedule
Text
Year 1
Year 2
Year 3
Year 4
Loop users on Terra Classic
165
0
0
0
Liquidity Mining, Staking, NFT Rewards
60
60
60
60
Charity Fund
27.5
27.5
27.5
27.5
Partnerships (includes Juno Community Fund)
43.75
43.75
43.75
43.75
Treasury
50
50
50
50
Core Team
70
70
70
0
Original Investors
50
50
0
0
Total
466.25
301.25
251.25
181.25