Lago Token(LGK) is an ERC20 utility token created by The Coin Lago website, an Online Gambling Heaven. You will got shared income from the site by locking your token.
CoinLago is an online gambling website created by a professional team with more than 10 years experience in Online Gaming Business.
CoinLago’s target is Online Gambling Industry. Online Gambling Market was forecasted to increase to 59.97 billion U.S.dollars in 2020 and keep increasing every year. This is a very promising land for any kind of investor but how can an individual investor get involved in this billions market?
Coin Lago will give individual investors the chance to join this industry by participating our ICO campaign.
We are not a blockchain company, CoinLago is a traditional gambling website that using blockchain as a payment method. CoinLago will be stable as a traditional game site and help you stay anonymous as the blockchain mean to be.
Our mission is making CoinLago become a top-tier games portal which uses blockchain as a payment system. CoinLago will have Online Gambling Games, Massive Multiplayer Online Games, and eSport betting system.
What is Lago Token? Token name: The Lago Token
Token Symbol: LGK
Decimals: 10
Total supply: 24,000,000 LGK
Lago Token( LGK ) is a Utility Token created by Coin Lago.
By holding LGK, you are holding Coin Lago’s Shares and you will be shared up to 80% of CoinLago’s daily income.
How does it work? Every week, investors lock the LGK into the system before 5:00 AM GMT, Sunday.
On Monday, we will count all the LGK which were locked in the system from 5 AM GMT, Sunday till 5 AM GMT, Monday . Up to 80% income of the previous week will be shared equally to all the LGK, in ETH. Your LGK must be locked in the system for at least 24 hours to be counted.
The percentage of income will be shared are determined by total LGK that being locked in the system at that time.
20% income will be used for maintenance and development.
If the shares rate is lower than 80%, the leftover income will be used to fund marketing campaigns to bring more players to Coin Lago.
Total locked LGK Shares rates
1-1,200,000 5%
1,200,001-2,500,000 10%
2,500,001-5,000,000 20%
5,000,001-7,500,000 40%
7,500,001-10,000,000 60%
10,000,001-12,000,000 65%
12,000,001-13,500,000 70%
13,500,001-15,000,000 75%
More than 15,000,000 80%
For example:
- Previous week income: 100 ETH
- Total locked tokens: 8,000,000 LGK
- Income will be distributed: 60% of 100 ETH = 60 ETH
- Maintenance and development fund: 20 ETH
- Marketing fund: 20 ETH
- Income per 1 LGK: 60 ETH/8,000,000 LGK = 0.0000075 ETH
So, if you have 1000 LGKs locked in the system from before 0:00 AM, Sunday, your income will be 0.0075 ETH for that week. And you free to withdraw it right away.
Token distribution:- ICO: 12,000,000 LGK
- Bounty&Airdrop: 6,000,000 LGK
- Private sale: 3,000,000 LGK
- CoinLago team: 3,000,000 LGK
ICO information:ICO sale will be end at 31 Jan, 2019.
There are 2 ways to buy LGK token.
1. Global Jackpot:This is a group-buy jackpot open for everyone. For every 0.005 ETH spending, you will receive 1 ticket. Once 1000 tickets were sold out, the jackpot is filled up, one lucky buyer will be randomly chosen and rewarded 2.5 ETH directly to their wallet.
- Jackpot pool: 5 ETH
- Reward: 2.5 ETH
- Price: 0.005 ETH= 5 LGK + 1 lottery ticket.
Once a jackpot is finished, the next one will starts immediately. Continuously in 10 days or until all tokens are sold.
2. Personal’s packages:There will be 3 ICO packages for each participant.
Packages will be unlocked one by one. You have to completely buy out the previous package to unlock the next one.
- Package A:
Rate: 0.6 ETH = 1000 LGK.
Package value: 5 ETH.
- Package B:
Rate: 0.5 ETH = 1000 LGK.
Package value: 10 ETH.
- Package C:
Rate: 0.4 ETH = 1000 LGK.
Package value: 50 ETH.
• All unsold LGK will be burn after ICO done.
• Token withdrawal will be available after the ICO done. You can choose to lock it in the system for weekly income, store it in your ERC-20 wallet or trade on decentralized exchanges.
• There will be a buyback on Q1 2019. More detail will be announced later.
Coin Lago's roadmap!
