🪙Utility Token

LCT, the native utility token of Last Chance, is a crucial part of the ecosystem. It’s designed to have the following functionality:

Bid Return Vehicle

All runner-up bidders in the auctions that feature blockchain coins as their bidding currency get their funds back in full in LCT.

LCT Auctions

LCT is one of the bidding currencies LastChance auctions can feature. LCT holders will have the exclusive opportunity to participate in LCT auctions, bidding their LCT for a chance to win a desired lot.

Voting Governance

LCT holders will be able to influence auction settings and the project’s general development via DAO voting.

Staking Rewards

Add liquidity on a DEX, then stake your LP tokens to earn LCT rewards.

Liquidity Rewards

Liquidity providers earn a part of transaction fees for in-pool swaps, depending on their share of the pool.

Token Burning

The buyback-and-burn procedure will be executed for LCT each quarter once all tokens are unlocked.