To help keep the Lavita community stay up to date on what’s happening with the token launch, airdrop, and Lavita subchain related we’ve compiled some FAQs below. You can also find us on Twitter, Telegram, and Discord with any questions.
If you stake with Gpool, do you qualify for LAVITA airdrop?
A) Yes, just like TDROP, if you stake THETA to a Gpool Guardian from your wallet, LAVITA token rewards will be transferred directly to your wallet (not the node).
Does staking TFUEL qualify for LAVITA airdrop?
A) No, not directly. However, Lavita will be rewarding Theta edge nodes with LAVITA tokens that complete secure computation, storage and AI training jobs. If those same edge nodes do other jobs (i.e. video encoding, storage, delivery, etc) they will earn TFUEL as well.
Will I earn rewards for staking LAVITA tokens?
A) Yes, you will earn LAVITA for staking LAVITA tokens based on your proportional stake to the total tokens staked by the community. This is part of the 1.2B tokens allocated over a 4-year period.
Where can I stake LAVITA tokens?
A) LAVITA tokens can be staked directly from the Lavita website, and the exact approach will be announced shortly after the token generation event (TGE).
Does Lavita have its own subchain nodes since Lavita has its own decentralized governance?
A) Correct, Lavita will have its own subchain with its own validators for governance and security. The governance token for Lavita subchain will be LAVITA and will utilize TFUEL for gas and transaction fees. Lavita validators will stake LAVITA tokens to the subchain validators to help govern and ensure the security of the subchain, similar to enterprise validators on the Theta main chain.
Will there be a Lavita wallet or will the LAVITA tokens show in Theta Wallet?
A) Yes, LAVITA tokens should be labeled and displayed within Theta wallets, shortly after TGE.
Is the airdrop for all THETA stakers?
A) As detailed in the Lavita white paper, LAVITA tokens will be airdropped to all Theta validators and guardian nodes, proportionally based on their amount of Theta staked. The first airdrop will occur approximately 3 months after the LAVITA token generation event.
How will LAVITA be distributed?
LAVITA will have a full supply of 8,000,000,000 (eight billion) tokens and will launch on May 10, 2023. The breakdown of LAVITA token allocation is as follows:
Tokens for contributing to Lavita platform
25% — Rewards for Data Contributors on Lavita platform (4-year period)
15% — Rewards for LAVITA Staking and Decentralized Governance (4-year period)
Rewards for Data Contributors: A total of 2 Billion LAVITA (25% of supply) is allocated over a 4-year period for data contributors who provide their genomic-health data on the Lavita marketplace. The “fair market pricing” algorithm and AI-supported data validation tool will identify the value of data and the amount of tokens to be distributed fairly.
Rewards for LAVITA Staking & Decentralized Governance: A total of 1.2 Billion LAVITA (15% of supply) is allocated over a 4-year period as rewards for staking LAVITA, which also allows users to participate in the decentralized governance of the network. Each year, 300 Million LAVITA will be distributed proportionally to all LAVITA stakers.
Tokens for Theta ecosystem partners
20% — Rewards for Theta Edge Nodes providing Computation and Storage (4-year period)
5% — Rewards for THETA Validators and Guardians (12-month vesting, 1/4th per quarter)
Rewards for Theta Edge Nodes providing Computation and Storage: For edge nodes supporting Lavita computation and storage, a total of 1.6 Billion LAVITA (20% of supply) is allocated over a 4-year period.
Rewards for THETA validators and guardians: On or around August 15, 2023, 100 Million LAVITA (or 1/4 of the allocated 400 Million) will be distributed proportionally to all THETA validator and guardian stakers. An average amount of THETA staked between May 10, 2023 and July 31, 2023 will be used for reward computation. For example, if a guardian stakes an average 100,000 THETA during the period, then they will receive 100,000 / total ave THETA staked x 100 Million LAVITA.
Thereafter, 100 Million LAVITA (or 1/4 of the allocated 400 Million LAVITA) will be distributed proportionally to stakers each quarter through May 10, 2024.
Tokens for Lavita team/marketing & private sale
15% — Rewards for R&D and Core team (4-year vesting, 1/4th per year)
15% — Reserve for marketing, partners, advisors (not vested)
5% — Private Token Sale (12-month vesting, 1/4th per quarter)
Rewards for R&D and Core team: A total of 1.2 Billion LAVITA (15% of total supply) is allocated to R&D and core team to incentivise continued development of the platform. On May 10, 2024, 300 Million LAVITA will become vested and distributed to the team and 300 Million LAVITA each year thereafter through May 10, 2027.
Reserve for marketing, partners, advisors: A total of 1.2 Billion LAVITA (15% of total supply) is reserved for marketing purposes, advisors, partners and other strategic development purposes. These tokens are not vested.
Private Token Sale: A total of 400 Million LAVITA (5% of total supply) is allocated for private sale. If all 400 Million tokens are sold prior to May 10, 2023 then on August 10, 2023, 100 Million LAVITA will become vested, and 100 Million LAVITA will be distributed each quarter thereafter through May 10, 2024.
