LAVITA TNT-20 tokens set to launch
May 10 on Theta Subchain
LAVITA tokens are set to launch on May 10 at 8am PT time zone, the token generation event (TGE). We’re excited to share more details about the utility and benefits that LAVITA offers to users on the Lavita platform.
Lavita platform empowers individuals to earn LAVITA tokens by privately sharing their health information through the marketplace. The tokens further provide decentralized governance and security for the Lavita platform, and reward stakers for participating in the network.
LAVITA is a TNT-20 token natively built on the Theta Metachain, that can be used to access services from related healthcare institutions, as well as to participate in Theta Edge Network, a decentralized Web3 infrastructure providing distributed computation and storage for training and fine tuning Lavita healthcare AI models.
If this is your first time learning about the Lavita platform, check out the FAQs to learn about the platform and what it means for the Theta ecosystem and existing stakeholders, and refer to the full whitepaper.
Lavita was recently selected to participate in the “Microsoft for Startups Founders Hub” program, which aims to support and accelerate the growth of innovative startups. In addition, Lavita has announced the appointment of two distinguished advisors, Prof. Jaegul Choo and Prof. Tim Miller, bringing expertise in computer vision, natural language processing (NLP) applications for clinical and biomedical sciences.
May 10th Launch Plan
Here’s the current status and launch plan of LAVITA in the next few days:
- First, the LAVITA smart contract and related smart contracts on the Lavita subchain is now live.
- The Theta team will update the Theta Wallets to show LAVITA token balance, allowing users to begin storing and transferring LAVITA TNT-20 tokens. Theta web wallet along with the mobile iOS and Android wallets will be updated, pending processing time on Google Play Store and Apple App Store. The Theta explorer will also incorporate and show the Lavita subchain, LAVITA token and related metrics.
- LAVITA staking will be going live on the Lavita website, with more details to come soon.
- ThetaSwap and VoltSwap liquidity pools for LAVITA-TFUEL are expected to go live soon after TGE as well.
LAVITA Token Utility Summary
In order to increase the rate of user adoption in the Lavita ecosystem, the LAVITA token will serve to incentivize genomic-healthcare data contribution by individuals, participate in the Theta edge network for computation, storage and as the governance token for the Lavita platform. Details are in section 3 of the whitepaper: Privacy-Preserving Health and Genomics Data Marketplace Powered by AI and Blockchain
LAVITA Token Details
Ticker symbol: LAVITA
Decimals: 18
Token address: 0x46fBF4487fA1B9C70d35BD761c51c360dF9459ed
Total supply: 8 billion LAVITA
Total minted at TGE: 6.8 billion LAVITA (remaining 1.2 billion via smart contract as rewards for staking LAVITA)
LAVITA Explorer Details
The Theta Explorer allows you to explore and search the Lavita subchain for blocks, transactions, addresses, stakes and other activities taking place on the subchain.
Below is the Theta Metachain Overview Page, from here users can navigate to the Lavita subchain:
LAVITA subchain explorer below will show block production, transactions, staking information, related daily transaction and wallet metrics:
Theta Wallet integration for LAVITA
LAVITA tokens can be accessed via the Theta web wallet, iOS/Android mobile wallets, and Metamask.
Once you’re in your Theta wallet, you will be able to check the balance, send and receive LAVITA along with THETA, TFUEL, and TDROP tokens.
For those who would like to swap LAVITA to and from other tokens such as TFUEL, we will be sharing a separate blog explaining how to use decentralized exchanges (DEX) that will support LAVITA, including ThetaSwap, the first decentralized exchange built on Theta blockchain, and VoltSwap.
