7. Token Configuration

Configuring Tokens

1. Token Setup:

Select “Yes” if your community already has an existing token, and follow the step-by-step instructions provided in this expandable section.

1. Select the blockchain(s) where your token is deployed.

2. Add your token address(s).

If your token is not xERC20-compliant, you have the option to wrap it. Wrapping the token ensures access to all platform features, including asset transfers. Without wrapping, non-xERC20 tokens will have limited functionality, for example, asset transfers will not be possible.

The Lockbox Contract is deployed when token wrapping is enabled. It facilitates wrapping and unwrapping of tokens, converting non-xERC20 tokens into xERC20-compliant tokens for full compatibility with Lucid’s features, including asset transfers and multi-bridge functionality. Key details: 1. Token Wrapping/Unwrapping: Ensures seamless conversion between native ERC-20 and xERC20 formats. 2. Enhanced Functionality: Enables non-xERC20 tokens to access all Lucid platform features. 3. Security: Safeguards tokens during the wrapping/unwrapping process. 4. Lock and Mint Mechanism: Once a token is wrapped, lock and mint is used for managing token access. Without token wrapping, non-xERC20 tokens may have limited platform functionality.

Additional Info about Lockbox can be found here.

1. Add your governor details (if your community already has a governor):

• Specify the blockchain(s) where the governor is deployed.

• Provide the governor’s address.

Select “No” to create a new token, and follow the step-by-step instructions provided in this expandable section.

1. Enter Token Name and Token Symbol.

Token Name (e.g., Lucid Token) Token Symbol (e.g., LUCID).

1. Select blockchain(s) for token distribution.

Token Distribution and Management

1. Toggle blockchains where the token will be distributed (e.g., Ethereum Sepolia, OP Sepolia).

2. Receiver Configuration: Enable vesting if token distributions need to follow a vesting schedule.

Select Receivers: Here you can select the wallet addresses that will receive the token.

Milestone: If there is only one milestone configured, 100% of the tokens will vest at that milestone. For two milestones configured on separate days, 50% of the tokens will vest on each day. If there are five milestones across five days, 20% of the tokens will vest on each day.

Linear Vesting: This option enables vesting to begin on a specified start date and conclude on a specified end date. Tokens are distributed evenly across the blocks within that time period.

Strategy Configuration

Lucid allows up to 10 strategies to run simultaneously, each with unique configurations tailored to different users or token recipients.

Import CSV: Each strategy supports importing up to 10,000 addresses per CSV file, streamlining bulk token recipient management.

CSV Required Format

Example:

Address;Amount 0x03575dC0316D4DFcd09ccBbd18A17A8fa5C1161e;100000 0x30769F6120Abc0C502bd9519e862E653F97ef848;200000

Structure Configuration

Enable Voting with Unvested Tokens: This feature is hardcoded into the token contract and will be required if ever using a on-chain governor voting contract. If voting with unvested tokens might be required in the future, it must be enabled during the initial setup.

Set Rate Limits: Two rate limit modes are available:

1. Simple: A global rate limit across all bridges for minting and burning tokens, applied over a 24-hour period.

2. Advanced: Allows setting individual rate limits for each bridge and defining specific time periods for these limits.

Proceed with configuring Asset Transfer Portals.