Why $LEVX is Special
The LevX DAŌh..Geez (LEVX) token will be something brand new in the crypto space. $LEVX holders will receive passive income in $ETH subsidized by a percentage of its creator’s Shoyu salary and the revenue generated by his other platforms. The developer in question regarding the $LEVX token is in fact the token’s name sake “Levx”, who is the shadowy super coder behind the highly anticipated Shoyu NFT platform release with the Sushi team. Levx plans to share 33.3% of his 35K (sushi) grant from working on Shoyu with all holders of $LEVX. He also plans to share a minimum 33% of his salary as a developer with all the holders of $LEVX.
Currently Levx is a full stack developer at Sushi, as well as an advisor to an up-and-coming NFT/gaming project called MaidCoin. To top it off Levx will soon be starting work on a new DeFi project called BearFi; which will be a DAO for decentralized short tokens, and of course there will be profit sharing and $LEVX token usage involved. As if all of this wasn’t enough to get excited about Levx is going to be dropping a very special NFT collection called Sharkpunks and it will be one of the first NFT drops on Shoyu. Naturally, a percentage of the royalties will be going to $LEVX holders, 33.3% of royalties to be exact, which works out to be 3.33% of every trade.
The LevX DAO is the umbrella that covers the governance for Sharkpunks, BearFi and the fabled Lev-X decentralized leveraged trading exchange. Building a decentralized leverage exchange on Ethereum is the ultimate end goal for the developer Levx and he did mention that there will be a special bonus for all the the holders of $LEVX. He did not specify what that bonus will be, however, he did mention that it will be better than discounted fees when using the protocol, so I’m excited to see how that develops in the future. The governance of the LevX DAO will be determined by the holders of $LEVX and LEVX/ETH Sushiswap LP tokens. The holders of LEVX/ETH LP tokens will receive a higher voting weight than if they were to just hold $LEVX, but the ratio is yet to be decided, so stay tuned!!
Another goal of the Levx DAO is to get the LEVX/ETH Sushiswap LP pair listed on the Sushiswap liquidity provision reward system called Onsen. This will provide the holders of LEVX/ETH LP tokens an opportunity to yield farm with their LP tokens while simultaneously receiving accumulated profit sharing rewards, which can be claimed when the said LP holder decides to stop providing liquidity.
Overall, there are a lot obvious reasons to be interested in $LEVX. Whether your into unique tokenomics, you love NFTs, or your just an all around DeFi degenerate I recommend checking out the LevX DAO on discord and giving the developer Levx a follow on twitter.
