About LOLZ
LOLZ is an engagement token on the Hive blockchain with the mission of spreading laughter and joy.
While the LOLZ project may have a sense of humor, it is no joke. Read about our tokenomics and project roadmap (coming soon) to learn more about the LOLZ project.
Cryptocurrency with a Funny Bone
How To Mine LOLZ
LOLZ holders can use the !LOL or !LOLZ command in comments to share a clean joke and tip the author a freshly mined LOLZ token.
The amount of LOLZ required to use the commands is shown below. By holding more than the minimum users are able to level up and make up to ten tips per day. As LOLZ is mined, the minimum holdings will increase to maintain scarcity.
We will be exploring more ways to mine LOLZ in the future including games and defi.
Example Use of !LOL Command
How To Farm LOLZ With LOLZ Defi
Hive users can farm LOLZ by delegating Hive Power or Hive Tokens. The Hive Power and Token power is used to randomly curate our users and the posts they tip. We are currently paying out LOLZ farming rewards equivalent to 110% of the earnings from your delegation.
In addition to earning LOLZ Farming rewards, you are also helping reward the community members in the Tribes we are curating in.
Community owners are encouraged to delegate both Hive Power and Token Power to the curation bot for your communities as a way to improve engagement and a way to earn LOLZ rewards for your community.
Find out more about LOLZ Farming in our introduction posts (for Hive Power, and Token Power), or check out some of our recent project reports here.
LOLZ Holding Levels
LOLZ Tokenomics
It Was My Understanding There Would Be No Math
The LOLZ token was created on the Hive blockchain with a maximum supply of 1 Trillion tokens. Each time the command is used, 1 LOLZ is mined and sent to the tipped author.
In addition to mined LOLZ tokens, LOLZ tokens will be issued for use in contests and other incentives. A reward of 5% of mined LOLZ tokens will also be distributed monthly to the development team.
Buying, Selling, and Sharing LOLZ
The LOLZ tokens can be traded and shared on the exchanges below. Best of all, since LOLZ is a Hive token, there are never any fees!
