LQ Token Details

Description

LQ is the Liqwid DAO Token used to govern various protocol and ecosystem parameters. Once staked in Liqwid's governance module, it can be used to vote, earn staking rewards, and receive a percentage of the protocol's revenues.

1 LQ Token = 1 Vote in the Liqwid DAO

Total Supply

The total LQ Token supply is 21,000,000

$LQ Token Policy ID & Asset Name

Policy ID: da8c30857834c6ae7203935b89278c532b3995245295456f993e1d24

Asset Name: 4c51 (asset13epqecv5e2zqgzaxju0x4wqku0tka60wwpc52z)

Transaction ID: https://cardanoscan.io/transaction/344c26673b9256b10e215d86095d9eb3c63def4b5a31cf50f12d4a133024eabc

https://cardanoscan.io/token/8e420ce194ca84040ba6971e6ab816e3d76ee9ee

*LQ was minted in Cardano's first multi-asset block (Mary hard fork) using a timelock script meaning no additional LQ can ever be minted. The total and max supply for LQ is 21M.

LQ Token Allocation

Since April 2023, the Liqwid DAO has served as the governing body for LQ tokens, overseeing both their current and future allocations.

LQ Token Vesting

There are two allocations which receive LQ distributions according to a linear vesting schedule: 1. Liqwid core team, advisors and founders allocation (18.9%) 2. Liqwid Labs seed round investors, a subset of the Core Team, Founders, Advisors allocation (6.1%) 1. Liqwid core team, advisors and founders allocation of LQ tokens is distributed based on a 24 month linear vesting schedule that started February 2023 at the time of the Liqwid v1 mainnet launch and ended February 2025. Equal LQ amounts were vested monthly for the full 24 month vesting period. 2. Liqwid seed round investors allocation of LQ tokens is distributed based on the same 24 month linear vesting schedule as the core team but with the addition of a 4 month cliff that started February 2023 at the time of Liqwid v1 mainnet launch. Following the end of the 4 month cliff Liqwid seed round investors received their first distribution in June 2023 and will receive their final vest according to the 24 month linear vesting schedule in June 2025.