When LGCY Network began we set out with the intention to run things better than the typical way projects had been being run. Without a roadmap we followed much of the same pattern in terms of asset allocation and token numbers. But we quickly realized that much of those numbers were unnecessary and sometimes even unfair. Initially we created founders wallets because that’s what other projects were doing, but decided that if the founders were going to own tokens they would buy them just like everyone else. As such neither one of the founders have taken any allocation or draw any pay whatsoever from running the project.
We decided that in order to prove our commitment to the community we would begin this process by burning all of the tokens in one of the wallets. The burning of these nearly 1 billion tokens was a huge step in proving to the community that we don’t operate like other projects.
Step two of this process has now arrived.
In another showing to the community that we mean business we are formally launching a 1 year community gratitude campaign.
From the second wallet we will be running two competitions. 260 million tokens will be given out in 5 million token wallets weekly over the next year. If you are a loyal holder who can prove to us that you have held LGCY for over one year, you will be invited to a special Telegram group and entered into the competition. To be eligible for the weekly competition you must A. be a part of the special telegram group, and B. show us your shilling/marketing efforts each week.
Those who qualify will be entered into a drawing to receive the wallet. Each wallet will have the 5 million LGCY staked for one year from the reception date.
In addition to this competition, we will run a second campaign for everyone. Another 140 million tokens will be given out in 2.69 million token wallets weekly over the next year. The crypto community is one of the most creative places on the internet right now, and we want to see what you can do. For this side of the competition we will be announcing the theme each week. Maybe one week it’ll be best meme, the next best FUD or even best love poem. Make us laugh. Post it on twitter, graffiti it in a bathroom stall, we don’t care. Make it good, and post the evidence under our weekly competition tweet. Each account will be entered into a drawing and the weekly winner will receive a wallet. Each wallet will have the 2.69 million LGCY staked for one year from the reception date.