In this article, we’ll discuss information about the LifeLine project and LLT token
LifeLine (LLT) built on Binance Smartchain is a charity-oriented token for helping children’s hospitals and foundations with cancer care, 5% of the supply is reserved for donations.
Cancer is a tragedy under any circumstances, but when it happens to our children the pain becomes unimaginable. The second that diagnosis is made, parents and doctors begin a desperate race against the clock with no way of knowing what the outcome will be.
That’s where LifeLine comes in. In a perfect world, you wouldn’t have to focus on anything other than your child, but we at LLT know it’s not that simple. According to a 2019 study, 2 out of 3 families experience significant financial hardship in order to provide appropriate care, which can include the cost of traveling to better-funded medical facilities.
Our mission is to use cryptocurrency as a powerful new way to acquire and distribute donations where they are needed most. We can envision a world where every child is able to receive cutting edge, life-saving treatments without the current economic repercussions. Now is the time to start making that dream a reality.
LifeLine Token’s Features and Tokenomics
Charity-oriented token for a life-saving cause. 10% of the initial token supply has been reserved. 5% will be invested into financing the project (marketing, exchange listings, and other expenses). The other 5% belongs to the charity wallet, which will be used for donations to children’s hospitals for cancer care.
Once the market cap hits $500,000 USD, donations will begin. On the 1st Monday of every month, we will sell 10% of the tokens in the donation wallet, and donate the proceeds to a children’s hospital for cancer care. The first donation will go to Alex’s Lemonade Stand Foundation for Childhood Cancer. As the market cap grows over time, these 10% monthly donations will increase.
How it Works?
2% of the transaction fee will be burned, while the other 2% will be redistributed to all holders proportionately, based on how many $LLT tokens are in each wallet. This makes $LLT a deflationary and stakable token, benefiting investors and the charity wallet.
LP liquidity tokens to be burned after adding it to PancakeSwap.
Every transaction has a 4% fee.
Earn passive income just for holding $LLT tokens in your wallet.
No wallet can sell more than 1% of $LLT’s total circulating supply at a time. This was engineered to prevent massive dumps and further reinforce the stability of the token.
Frequently Asked Questions
Is this a rug pull / can this be rug pulled?
In short, it is not a rug pull, and it cannot be rug pulled.
When you add tokens and then add liquidity to those tokens, you receive something called an LP-Token, or Liquidity Provider token, in exchange. This allows you to remove the liquidity at any time, which is how rug pulls happen. Without the LP-tokens, you can’t remove the liquidity, which means you can’t rug pull. The LLT team sent our LP-Tokens to a dead address so they can’t be accessed or recovered. This is a method called “burning liquidity”, and it helps ensure the safety and stability of a project like ours.
Do you plan on $LLT being used for a variety of purposes, or will your main focus stay on supporting charities?
We have exciting plans for the future, but we are doing things one step at a time to make sure we don’t sacrifice quality for variety. We promise to keep the community up to date when we are ready to make our first steps down a new path.
In regards to the large wallet (Charity Wallet), what can you do to help people trust that it can’t be rug pulled? Will there be a lock in place?
Absolutely. We know that there’s a lot of concern around this topic, and understandably so. At this time, you can check the Charity Wallet transactions on BSC Scan, and as we move forward we will make all donations as public as possible so you can confirm 100% of the money we’ve raised is going to the selected charities. We are looking for a third-party wallet service provider to manage the Charity Wallet by only allowing monthly withdrawals of 10% or less of the total token amount. So far all the sites offering these services seem sketchy, but we welcome you to reach out with any ideas.
Can you tell us about how LLT plans to structure its token burns? We noticed that 5% of the total supply was burned in one day. Is that sustainable?
It absolutely is sustainable. To put it simply, LLT has a 2% burn on every transaction. We just went through 5% of the supply because we had such an incredible first day. To go into a little more depth, we started out LLT with a large quantity of low-cost tokens. We felt like this was the best option to ensure things like accessibility to a wide range of investors, but it also comes with its own challenges. When we balanced the pros and cons, we decided that a 2% burn per transaction is a feasible way to slowly decrease token supply and increase token value over time. In practice, this is similar to how Bitcoin has evolved during its time on the market. We estimate that our supply will be somewhere around 100,000 tokens in six years. But because LLT can be sold in quantities as small as 0.00000001, even that won’t be an issue.
What sets Lifeline apart from other charity tokens?
We see lots of other charity tokens who donate to animal shelters or environmental foundations, which are all very important causes, but LifeLine is here to change the lives of children with cancer. To us, the difference doesn’t need to be explained beyond that
How and Where to Buy LifeLine (LLT)?
LLT is now live on the Binance mainnet. The token address for LLT is 0xd37c1417da7bf5b02ffdea8d5427022dc88a0ee2. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough BNB in your wallet to cover the transaction fees.