White Lotus Presyo

The White Lotus is a proof of concept designed to test the limits of a token generation event, where incentives are aligned and risks are transparent among all participants.

$LOTUS is not a DAO or gov token, it's more like a cooperative designed around a simple automatic market-making algorithm built on top of Trader's Joe Liquidity Book, $LOTUS's simple design ensures deep liquidity, total immutability, and fair distribution - all without relying on VCs, token inflation or insiders.

The total supply of LOTUS is 30,000,000 tokens, and it is released through a Trader's JOE pool. The first tokens start at $0.20 and last tokens are $4.2. Initially, the liquidity is separated into 5 bin increments (5% in price).

When users get LOTUS tokens from the pool, all of the ETH remains locked in the pool as liquidity.

When users sell $LOTUS, a 10% tax is applied, of which 8% is burned permanently. The remaining 2% is directed to a single staking vault to reward $LOTUS stakers.

LOTUS has an automatic liquidity rebalance mechanism. Every 5 bins the price moved, a liquidity rebalance is automatically executed. This removes all ETH side liquidity and re-distributes it as follows:

1. 10% of the total ETH in the pool as direct trading liquidity in a tight spread of 1 bins away from the current active price.
2. The remaining 90% of the ETH is all concentrated into one bin (floor price) by calculating the ETH divided by all tokens in circulation. This creates a robust mechanism for a floor price that can absorb the selling of all tokens in circulation at any given time if there is no demand to hold $LOTUS.

As the protocol grows, the floor price deviates further from the spot price. However, depending on volumes the tax on sells grows the backing.

If the price is at the floor, the 8% tax fee won't be burned but instead be sent to remaining stakers.