To assist keep the Lavita community stay awake thus far on what’s happening with the token launch, airdrop, and Lavita subchain related we’ve compiled some FAQs below. You can even find us on Twitter, Telegram, and Discord with any questions.
When you stake with Gpool, do you qualify for LAVITA airdrop?
A) Yes, identical to TDROP, if you happen to stake THETA to a Gpool Guardian out of your wallet, LAVITA token rewards will likely be transferred on to your wallet (not the node).
Does staking TFUEL qualify for LAVITA airdrop?
A) No, indirectly. Nevertheless, Lavita will likely be rewarding Theta edge nodes with LAVITA tokens that complete secure computation, storage and AI training jobs. If those self same edge nodes do other jobs (i.e. video encoding, storage, delivery, etc) they may earn TFUEL as well.
Are there rewards for LAVITA subchain validators?
A) In the present tokenomics design, we don’t allocate token inflation for the subchain validators. Hence, LAVITA tokens staked to the subchain validators won’t earn any rewards. The rationale was that for a biomedical / healthcare oriented project, the validators are intended to be run and staked by enterprise partners with vested interest within the long-term success of the project.
Will I earn rewards for staking LAVITA tokens?
A) Yes, you’ll earn LAVITA for staking LAVITA tokens based in your proportional stake to the overall tokens staked by the community. This is a component of the 1.2B tokens allocated over a 4-year period.
Where can I stake LAVITA tokens?
A) LAVITA tokens could be staked directly from the Lavita website, and the precise approach will likely be announced shortly after the token generation event (TGE).
Does Lavita have its own subchain nodes since Lavita has its own decentralized governance?
A) Correct, Lavita could have its own subchain with its own validators for governance and security. The governance token for Lavita subchain will likely be LAVITA and can utilize TFUEL for gas and transaction fees. Lavita validators will stake LAVITA tokens to the subchain validators to assist govern and make sure the security of the subchain, much like enterprise validators on the Theta important chain.
Will there be a Lavita wallet or will the LAVITA tokens show in Theta Wallet?
A) Yes, LAVITA tokens must be labeled and displayed inside Theta wallets, shortly after TGE.
Is the airdrop for all THETA stakers?
A) As detailed within the Lavita white paper, LAVITA tokens will likely be airdropped to all Theta validators and guardian nodes, proportionally based on their amount of Theta staked. The primary airdrop will occur roughly 3 months after the LAVITA token generation event.
How will LAVITA be distributed?
LAVITA could have a full supply of 8,000,000,000 (eight billion) tokens and can launch on May 10, 2023. The breakdown of LAVITA token allocation is as follows:
25% — Rewards for Data Contributors on Lavita platform (4-year period)
15% — Rewards for LAVITA Staking and Decentralized Governance (4-year period)
: A complete of two Billion LAVITA (25% of supply) is allocated over a 4-year period for data contributors who provide their genomic-health data on the Lavita marketplace. The “fair market pricing” algorithm and AI-supported data validation tool will discover the worth of information and the quantity of tokens to be distributed fairly.
: A complete of 1.2 Billion LAVITA (15% of supply) is allocated over a 4-year period as rewards for staking LAVITA, which also allows users to take part in the decentralized governance of the network. Annually, 300 Million LAVITA will likely be distributed proportionally to all LAVITA stakers.
20% — Rewards for Theta Edge Nodes providing Computation and Storage (4-year period)
5% — Rewards for THETA Validators and Guardians (12-month vesting, 1/4th per quarter)
: For edge nodes supporting Lavita computation and storage, a complete of 1.6 Billion LAVITA (20% of supply) is allocated over a 4-year period.
: On or around August 15, 2023, 100 Million LAVITA (or 1/4 of the allocated 400 Million) will likely be distributed proportionally to all THETA validator and guardian stakers. A mean amount of THETA staked between May 10, 2023 and July 31, 2023 will likely be used for reward computation. For instance, if a guardian stakes a median 100,000 THETA through the period, then they may receive 100,000 / total ave THETA staked x 100 Million LAVITA.
Thereafter, 100 Million LAVITA (or 1/4 of the allocated 400 Million LAVITA) will likely be distributed proportionally to stakers each quarter through May 10, 2024.
15% — Rewards for R&D and Core team (4-year vesting, 1/4th per yr)
15% — Reserve for marketing, partners, advisors (not vested)
5% — Private Token Sale (12-month vesting, 1/4th per quarter)
: A complete of 1.2 Billion LAVITA (15% of total supply) is allocated to R&D and core team to incentivise continued development of the platform. On May 10, 2024, 300 Million LAVITA will turn into vested and distributed to the team and 300 Million LAVITA annually thereafter through May 10, 2027.
: A complete of 1.2 Billion LAVITA (15% of total supply) is reserved for marketing purposes, advisors, partners and other strategic development purposes. These tokens usually are not vested.
: A complete of 400 Million LAVITA (5% of total supply) is allocated for personal sale. If all 400 Million tokens are sold prior to May 10, 2023 then on August 10, 2023, 100 Million LAVITA will turn into vested, and 100 Million LAVITA will likely be distributed each quarter thereafter through May 10, 2024.