Lepricon to Launch on Binance Smart Chain
- L3P will be available on Binance Smart Chain
- The exact date for the liquidity pool will be announced soon
- New staking/liquidity provider opportunities will accompany the BSC launch
One thing has become clear in recent weeks. Even though our relaunch and new development plan has generated a lot of interest in the company, high gas fees prevent many from buying L3P on Uniswap.
At the time of writing, buying $75 of L3P costs $168 in gas. This completely freezes out the small investors that we most definitely want to attract, and more importantly, means that even as our portfolio of games and activities on Leprichain, our own gas-free Ethereum compatible sidechain, grows, no one will be able to buy L3P to participate.
Those who have bought L3P on Gate.io or Bitmart — our current central exchanges — cannot transfer their L3P to Leprichain to take advantage of the yield opportunity because the transition across Ethereum is too expensive. As an Ethereum only token, Lepricon cannot grow.
We have decided to bring forward our plans to launch on Binance Smart Chain and eventually MATIC, as we must make the token accessible to more investors.
We are in the process of securing the smart contract and implementing control measures that enable us to maintain the circulation accurately across multiple chains. As soon as we have a date for the liquidity pool, we will announce it, but we are working to make it as soon as practically and securely possible.
On Binance Smart Chain, that same US$75 of L3P will cost less than 40 cents.
When we announce the date, there will also be news of new staking and yield options for both naked staking and liquidity provision.
Lepricon is reimagining the possibilities for entertainment through blockchain technology and seeking to establish the general acceptance of player-owned economies in games. We believe that gaming can and should be the first killer-on ramp to mainstream adoption, and Lepricon’s stated mission is to catalyse this outcome.
Our activities break into three distinct tracks; technology, entertainment and DeFi.
At the core of this strategy is Lepricon’s own high-speed, gas-less Ethereum-compatible side chain, Leprichain. We are developing software solutions in the form of SDKs, which will empower mainstream game development studios to incorporate blockchain technology into their games. These solutions are built upon and powered by Leprichain, with the intent to create a drag and drop blockchain solution for mainstream game developers.
Lepricon is developing several in-house entertainment activities that operate on Leprichain, including our collection of arcade and carnival games at Lepricon City. The first games are straightforward, but we will develop more complex games that demonstrate Leprichain’s capabilities over time. We will leverage these demonstration games to encourage third party dApp developers to deploy on Leprichain.
Leprichain and all of the dApps that run on it are powered by our ERC-20 utility token, L3P. Lepricon’s DeFi portal will enable L3P holders to manage their tokens, participate in governance, and benefit from advanced yield-earning activities. Lepricon’s DeFi portal will launch towards the end of the fourth quarter of 2021.
For further information, please visit https://www.lepricon.io.
$L3P Contract: 0xdeF1da03061DDd2A5Ef6c59220C135dec623116d