🪙Protocol Assets and Token Distribution

The particularity of the LSP protocol is that it relies on a decentralized computing network to implement its core business, and at the same time builds a specific LSP trading platform to realize the

LSP Token Assets

Introduction

LSP protocol token assets, in order to facilitate user memory and avoid cognitive transmission loss during value dissemination, we still name the LSP protocol token assets LSP. However, LSP token assets are not a simple governance token, but a work token (Work Token) with consensus mechanism value and platform interaction needs.

LSP token assets can allow users to use their own devices as cloud verification processing containers to provide computing resources for OmniVerify Chain and obtain verification benefits.

LSP Token Application Scenarios

The LSP token is an important token asset throughout the entire LSP protocol. Therefore, even the platform token attributes of the LSP trading platform are also the network asset tokens of the OmniVerify Chain.

• As the only way to pay LSP platform transaction fees

• The only gas consumption asset allowed for node staking mining pool network delegation and verification interaction

• The only permitted staking asset for participating in the cloud verification container of OmniVerify Chain.

The specific working principle is as follows:

1. The more LSP tokens a user stakes through the client and the better the performance of the device container, the more rewards they will receive.

2. The staking rewards that users receive are generated in stages and settled approximately every 30 minutes.

3. If a container performs a failed network verification action, the probability of the container participating in verification and gaining benefits the next time will be increased until it participates in a successful network verification.