Why forecast sensitive interest?
LOAD is an ethereum-based De-Fi project launched in September 2020 by a global team of dedicated crypto enthusiasts dedicated to innovations in game theory and NFT development.
It was decided in the beginning to hold no ITO or presale, and the team itself seeded the liquidity pool on the UniSwap exchange in order to bootstrap the community project.
Only 2% of the total supply of 10 million tokens have been premined to facilitate promotions, brand awareness, and liquidity, which itself is locked in 3 month intervals to allow for changes in the Ethereum landscape.
An emphasis on fair distribution during the adoption phase means early entrants have an opportunity to share in the rewards as the supply is minted via the lobby and locked.
100% of the LOAD inflation is distributed to lockers. Only 1.8M mintable LOAD will ever be minted during Phase I. The remaining 8M LOAD will be given as dividends to lockers.
The roadmap lays out three distinct phases. Phase one allows investors to mint and distribute the token, encouraging holders to lock the token for a proportional share of the daily dividend emissions.
Phase I was necessary to give LOAD value, increase awareness and adoption.
The focus is on pushing adoption to the masses in a fair distribution.
Phase II incorporates the main innovation of the project, Forecast Sensitive Interest, which adds a game theory element where successful predictions of the token price reward holders with a larger share of dividends.
The real innovation comes in Phase II. LOAD is the first De-Fi platform in providing forecast sensitive interest. Depending on their daily forecast fo the LOAD price lockers will always earn more interest if they are right and less if they are wrong. They will never earn zero.
Leaderboards and bonuses will come into play when forecasters are correct. The daily results will be on display and will create some interesting game theory outcomes.
This is a brief glimpse of the LOAD ecosystem and how forecast sensitive interest is at the core.
What will happen in Phase II?
The interest in LOAD is derived from inflating the current supply.
LOAD gives lockers the opportunity to earn not just the nominal interest.
Lockers or holders of LOAD who have locked their tokens in the smart contract have two choices in the direction that LOAD will go. Lockers who are correct will earn a greater share of the interest than someone who forecasts incorrect.
Lockers can earn more interest by forecasting the direction of the LOAD price. Simply choosing between up or down.
The challenge is not only making use of all available information in the LOAD trading market but how reacting to other lockers will use that information to incentivize their own actions.
We are planning multiple project to continue to feed crypto dividends to
LOAD lockers other than the inflation after (and potentially along) the
launch of Phase II, here is a list of projects we are working on (see next
pages for more details): — A crypto forecasting platform(LOADCC). — A yield platform (LOADFI) with it’s own token (given free to LOAD lockers)
- A centralized and a decentralized exchange (LOADEX) both connected
to the forecasting platform. — A stock, poll and sport forecasting platform (LOADECO,SPORT&POLLS).
Further information on the LOAD tokencan be found at:
or the Telegram group:
