Host : Before we start to segment 1 , can you introduce about yourself to our community ?

Carlsbad Sunshine : I’m the lead dev for Liquidity Dividends Protocol. I’ve got a lot planned for LID’s future, as we develop further technologies to protect investors in uniswap tokens.

Host : Great! Lets start segment 1

Q1 : Can you describe to our community in detail about Liquidity Dividends Protocol ?

A : Our LID protocol offers a set of licensed technologies for developers launching new tokens on Uniswap. We provide automated Proof of Locked Liquidity where presales trustlessly deposit liquidity into Uniswap and then burn the liquidity tokens, thus locking the liquidity permanently. This is especially important for anon devs, since there’s recently been a wave of people abusing anonymity with “rug pull” scams. Our tech protects investors from these types of scams.

Q2 : I see on LID whitepaper about Staking Dapps can you describe about this and when we can doing an staking ?

A : LID staking is under development and will be released in about 2 days. It’s a critical part of LID’s tokenomics and governance model. First, there will be a transaction fee tax on LID transactions. This transaction fee tax goes to the stakers. This fee bootstraps the system and has many exceptions. For instance, buying on Uniswap is tax free – selling is not.

Ultimately LID stakers will control the LID DAO and will decide how to spend funds earned from licensing. They can pay themselves rewards, buyback LID, or invest in marketing and technology. LID staking provides enhanced rewards to stakers who actively participate in governance, so it’s a new model of “governance farming” where more yield is earned by contributing to the community.

Q3 : What is the milestone of LID after completing the token Sale?

A : Our next milestone is the staking dapp. After that, we’ve got several developers who are interested in being the first to test LID licensing. The biggest milestone in the near future is the launch of LID Dao, at which point full control over LID will go to stakers.

Segment 2 Twitter Question

Q1 : Is LID have any Coin Burn / BuyBack system or any plans for Token Burn for increasing the value of Tokens & attracts Investors towards Stake for investments?

A : Yes! LID is a burnable token. Once the LID Dao is released, stakers can decide how to allocate the Dao fund and revenues from licensing. They may vote to do buybacks, burns, or invest in new technologies. Ultimate its the long term holders of LID that should decide what to do with LID’s resources.

Q2 : Staking & Mining is very popular today as incentives, so does #Lid token support any and what are the requirements? Does need to run a separate node to participate in Staking? For people without technical expertise, how do they get involved in Staking?

A : Lid staking will be extremely easy. All you have to do is pay a one time registration fee, which you can easily earn back if you refer just one person. Then you can deposit as much LID as you like into the staking contract. Everytime a transaction happens on the network, 1.9% of that transaction is paid as dividends to stakers. Plus, if you hold your balance for 30 days and are active in the Lid Dao by voting and participating, you can multiply your rewards and receive the 30 day staking bonus.

No technical expertise required! Just metamask or another web3 wallet.

Q3 : What are the main revenue streams generated by the $LID token? What advantages do you get as a platform by relating your token to all aspects and products of the Lid protocol ecosystem?

A : On every transaction, 1.9% goes to stakers and 0.1% goes to the LID Dao. So that’s the revenue to first bootstrap the LID ecosystem. In the long term, the primary source of revenue is licensing fees from developers who wish to run LID Presales. We’re still working out the full pricing tiers, but the standard rate is 5% of ether from the presale goes to the Lid Dao treasury. Once the funds are in the treasury, Lid Stakers can decide how they want to use those earnings.

Q4 : In the bad situation of the Covid-19 epidemic, every industry was heavily affected. Does it affect on the growth of LID team and its ? What are your plans to turn challenges into opportunities for #LID DEVELOPMENT

A : It’s going to be a revolutionizing system for governance!

Our team is working remotely and we have team members from different parts of the globe. Our work at LID hasn’t been affected by COVID, and I do not see how or why it would happen. Many projects launched their ILOs on Uniswap recently, and received great response. We, ourselves, raised over 2000 ETH during these times. People are definitely ready and willing to be part of the DeFi revolution.

The two main aspects of the company are: 1) Developing the technology and 2) Partnering with companies/projects that look to launch their ILOs on Uniswap. We have built a team that can handle both these aspects. We have already established partnerships in the past few days, and will continue doing so.

Q5 : Licensing usually involves holding patents. What patents have you applied for and/or what measures have you taken to protect your tech and avoid third parties copying and taking advantage of them?

A : One of LID’s primary innovations is in its licensing business model. Our licensing is a 3 part package of technology, team, and promotion. Devs really love our licensing model. First, on the tech, even though it’s all open source it still takes substantial time to learn how to use. So by providing full service licensing, devs save a lot of time. Second, it provides an opportunity for devs to promote their project to the LID community. Third, it protects devs from fud. It’s essentially the most powerful anti-fud mechanism you can have, to say your project is Lid certified. Investors can complain about other aspects of the project, but they have certainty that there won’t be any rug pulls and that the tokens will be locked exactly as planned.

Segment 3 Live Question

Q1 : Community support is by far one of the biggest factors for the success of a project.
What has the team $LID has planned on increasing the user experience?
And how we as community can help $LID project?

A :  We have an excellent UX design team, but as a new tech product there’s a lot of kinks to still work out. Thankfully for Lid Dao, we have the ability to leverage DaoStack to make the governance experience easier for new people. It’s also really important for the community to emphasize to devs the importance of Lid certification. if investors don’t raise their standards and expectations, scams are going to continue. Make sure you ask devs, especially anon ones, to get Lid Certification!

Q2 : • 16% of LIDs go to Uniswap. Is that amount enough to cover the supply/demand when making the swaps?

• Taking into account that commissions are paid in ETH. And the gas is quite high, are you planning to reform the project and look for other blockchains? Or will you definitely remain on the ETH network?

A : Yes, because the a high percentage of the LID supply is time locked.
We’re definitely considering other blockchains. It’s very difficult to migrate to another chain because of the extremely high quality community on ethereum. The dev tooling and ecosystem of Ethereum is far ahead of any other chain. That said, we need to see EIP1559 implemented soon or we will have to consider migrating due to the gas cost issue.

Q3 : Liquidity Dividens Protocol project looks very Futuristic! But, Could you tell us The main role of $LID Tokens in Liquidity Dividens Protocol Ecosystem?

A : The LID token, when staked, earns dividends. There’s three kinds of dividends paid to LID stakers. First, there’s a network transaction fee of 2%, 1.9% goes to the stakers instantly on each transaction. Second, there’s the staking rewards pool – a substantial percentage of total supply is available for 30 day stakers. Finally there’s the revenue that goes to the Lid Dao’s treasury. Lid stakers control this treasury, and decide to use it to issue themselves more dividends, do buybacks or burns, and invest in technology.

Q4 : The greatest threats to DeFi is that of Security, so can you explain how secure your are, do I need KYC to enjoy all the awesome features of #LIDProtocol

A : You don’t need KYC! We believe open platforms are better for everyone.
Security risks are definitely a big problem in DeFi, especially in new contracts. In the case of LID, our first presale had some minor bugs. However we were quickly able to issue fixes for those issues, and now we have battle hardened production quality code. Ultimately, testing and audits can only get a project so far. Now that Lid’s presale contracts are tested in production, we know that they are secure.

Q5 : This is a new platform and what about ordinary people who want to ensure the success of your project? how do you convince investors?

A : For ordinary people who want to ensure success, make sure to ask devs to get Lid Certification. Lid certification protects you and all investors in new projects. We need to raise the standards for the Uniswap community and stop the scammers. It’s a huge problem because not only do scammers steal from investors, but investors become scared of new innovative projects. With Lid Certification, you can feel safe investing, and devs can be more adventurous to invent new technologies.