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Tokenomics
LSIC: The Native Utility Currency Powering the Service Time Mission
LSIC, acronym for Off-Peak Incentive Currency, is the medium of exchange that powers the Service Time protocol and ecosystem. Designed to empower service-providing businesses, incentivize consumers, and unify a global community under a shared goal, LSIC offers functionalities for real-world change in how off-peak services are priced, traded, and utilized. LSIC is the economic engine that brings Service Time’s mission and vision to life.
Rooted in our mission to support service-providing businesses and unlock underutilized capacity, LSIC enables a fair and transparent reward system for all participants. Whether you're booking a discounted off-peak service, staking the currency to support the network, or contributing to governance decisions, LSIC ensures that your engagement generates tangible value for you, the service businesses you support, and the future of a more rewarding participation. With your participation in the Service Time ecosystem, we can make LSIC the default global currency for Off-Peak services deals while assisting service providers.
Utilities
In addition to its mission and vision explained above, LSIC has several utilities and features, some of which are outlined below:- Currency - medium of exchange for Off-Peak transactions, gas, payments, and settlements
- Staking Rewards - economic rewards provided to OPIC holders who locked up their tokens
- Governance - a voting mechanism that enables community members' participation
- Airdrops - economic incentives for community building, consumer acquisition, engagement, etc.
- Treasury Reserve - one of the reserved assets in the Service Time reserve for sustainability
- Revenue Sharing - a mechanism for redistributing the wealth accumulated in the ecosystem
Currency Overview
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