ChubGame WhitepaperFinance Model
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As a unique virtual currency, the $Lotso has both market investment and utility value.
Users can use the $Lotso in their accounts to purchase insurance for their futures orders on the Lotso platform. The $Lotso used for purchasing insurance are sold into the Liquidity Provider (LP) pool in exchange for USDT. The exchanged USDT flows into the platform's insurance fund, providing financial support for future claims. The management of the insurance fund is to ensure that the platform can meet the compensation demand when users' futures orders meet the specified compensation criteria.
When a user's futures order meets the specific compensation criteria, the user can receive compensation from the insurance fund. The compensation amount is paid in USDT, ensuring users receive corresponding economic compensation when their futures orders incur losses.
As the platform's reputation increases and the demand for $Lotso from users grows, users may accumulate low-priced $Lotso tokens in advance for future use. With the growth of the Lotso platform and the expansion of its user base, the demand for $Lotso tokens increases, further driving up their investment value and market price. The increase in market price and investment value can attract more users to join the platform, creating a positive feedback loop.
Last update: 2024-01-16