Lovelace ($LACE) Brings the Metaverse To Players!

3 min readNov 22, 2021

Lovelace ($LACE) helps players play and creators create in the Metaverse. It is the first Metaverse as a service platform allowing creators to easily develop digital products with gamified rewards, leveraging proven technology and infrastructure available through the Lovelace SDK.

IDO Date: Tuesday, November 23rd,

Staking Eligibility Cutoff: Tuesday, November 23rd, 5 AM UTC

Public Sale Token Price: $0.045

Allocation Round Opens: Tuesday, November 23rd, 8 AM UTC

#BSCPAD FCFS Round: Tuesday, November 23rd, 1 PM UTC
#ADAPAD FCFS Round: Tuesday, November 23rd, 1.10 PM UTC

PancakeSwap Launch: Tuesday, November 23rd, 3 PM UTC

Maximum Token Supply: 250,000,000 $LACE

Public Sale: Tuesday, November 23rd,

#BSCPad: 3,333,333.33 $LACE
#ADAPad: 3,333,333.33 $LACE

Circulating Supply at Listing: 8,833,333 $LACE

Market Capitalization at Listing: $397,000

Public Sale Vesting Schedule: 33% at TGE, 33% per month for 2 months

About Lovelace:

Lovelace is the first Metaverse as a service platform allowing creators to easily develop digital products with gamified rewards, leveraging proven technology and infrastructure available through the Lovelace SDK. With Lovelace, brands and creators can unleash the true potential of NFTs, harness the power of the Metaverse, and build customized Play-to-Earn blockchain games along with so much more.

How Lovelace Fits In the Current Ecosystem?

Lovelace wants to enable creators to make great play to earn metaversal products and games without having to start from scratch. The gaming engines, audited smart contracts and NFT capabilities allow creators to make games for 20% of the effort while our platform does 80% of the work.

Because Lovelace infrastructure works across multiple blockchains, platforms and ecosystems it allows us to enhance any project or game. Choose the infrastructure you like the best and start building!

Tokenomics

The Lovelace token ($LACE) is an ERC20 standard asset (across EVM compatible infrastructure) and a Cardano native asset with a total fixed supply of 250,000,000 tokens. Total supply of $LACE will remain the same across all infrastructure.

Staking contracts and specific Lovelace developed games will be deployed on multiple chains to enable participation by marketplaces, DEX users, and token holders.

Total allocation is as follows:

55,000,000 (22%) Lovelace will be allocated to community participation events
50,000,000 (20%) will be vested long-term by team members
12,500,000 (5%) will be vested long-term by Advisors
186,000,000 (18.6%) will be vested over 24 months and be used to strengthen the Lovelace ecosystem
25,000,000 (10%) will be used for liquidity in DEX and CEX across various blockchains and infrastructure
53,750,000 (21.5%) tokens will be used as network participation rewards in and out of games

Token Utility

Lovelace’s native token ($LACE) will empower creators to use a host of creator tools and build custom projects from the ground up. $LACE will also give users of the cross chain NFT marketplace discounts on transactions, access to exclusive launches on our launchpad, governance to help decide which direction the project goes in, and so much more.

We have spent a lot of time building out our value accrual mechanisms and ensuring our token utility has real world value.

An overview of what that utility includes is as follows:

i) Launchpad requirement: required to get early access to Initial Game Offering (IGO) opportunities

ii) Platform token: use for service and fee reductions

iii) Access token: access to launchpad and SDK

iv) Staking requirement: needed to stake for project and partner rewards

v) P2E requirement: various aspects and tiers of our P2E ecosystem will require holding/staking $LACE/partner tokens

vi) Governance: voting on projects to be incubated, treasury claims