Legacy Hypermentals

The reason Legacy has been created is to preserve monetary energy on the blockchain.

PreviousLegacy NextBuilders Phase

Last updated 6 months ago

Legacy Hypermentals

The reason Legacy has been created is to preserve monetary energy on the blockchain.

Main Hypermentals of Legacy:

Austrian Economic Sound Money Principle: Limited Supply. Legacy is a conservative cryptocurrency with limited supply that offers the token holders the possibility to preserve monetary energy they created through various means throughout their life. The problem with our monetary system is that it is inflationary in nature. Human beings tend to inflate every FIAT currency there has ever been. Legacy sets out on a mission to create sound money, similar to Bitcoin in design, and create a sealed silo for storing monetary energy on a blockchain. Tokens with a limited supply(where supply doesn't translate to tens of trillions of $ like the current US debt) tend to offer best value in $$$ terms in the long run. It is estimated that last Legacy will be minted in year 2029, so about 1 year after the .
Legacy Staking with no negative externalities and a system that rewards users who delay gratification. Legacy allows users to earn substantial ETH yields, outpacing those of other cryptocurrencies. To participate, users must lock up their Legacy for a specified period. The longer the lock-up duration, the higher the ETH yield they receive—think of it like a Certificate of Deposit in traditional banking, but with a lot more digital flair. Plus, the bigger the amount staked, the higher the ETH yield. During the lock-up period, users can’t sell their tokens, which reduces the amount of Legacy available on the market. This scarcity increases the value of Legacy, effectively rewarding users for contributing to price stability. Moreover, the reward mechanism for staking in Legacy differs from other cryptocurrencies. While many crypto projects reward stakers by minting new tokens (which devalues the currency faster than a dollar store sale), Legacy does things differently. Instead of inflating the token supply, Legacy rewards early adopters and stakers in ETH. This means when they sell their ETH rewards, they don’t hurt the price of Legacy. It's a win-win. And definitely a win for the community!
Concentrated Liquidity. Concentrated liquidity in Legacy is simple: you don’t have to play the guessing game of which new project that builds on Legacy to invest in. Legacy is launching exclusively one token, so you won’t be chasing after the next shiny token like a crypto magpie.
Instead, Legacy is all about channeling your liquidity into one rock-solid asset. Forget the distractions and focus on building your financial legacy with Legacy. Because sometimes, less really is more—especially when it means more stability and fewer investment headaches.
Reduction of Supply from Buy & Burn. When new builders are getting hired a portion of the funds used to hire builders are distributed to burning Legacy which makes it more & more scarce to obtain over time. Buy & Burn happens programmatically through smart contracts and is completely decentralized and all public functions are called by users. Burning Legacy is going to create long-term supply shock which will affect positively Legacy price on the open market since the asset will be scarce.
100% community owned. Legacy is a fairly-launched token. That means everyone gets the same chance to create Legacy. No private sale rounds, no presales, no VCs, no shadow figures who are just waiting for you to buy so they can dump their bags on your head. Just like with Bitcoin, those who got early and believed in something, got the most out of this opportunity. Most of the "traditional investors" will not believe in something like Legacy until it's in top 10 of Coin Market Cap. Therefore Legacy is for the regular people who want an escape hatch. A window of opportunity that opens every 4 years in crypto.

5 Key Hype Pillars

Limited Supply
Huge Portion of ETH Fees will be used for staking rewards
Just one underlying Legacy cryptocurrency
21% of Supply will be Burnable
Difficulty Mechanism that makes it harder & harder to create Legacy

PreviousLegacy NextBuilders Phase

Last updated 6 months ago

Main Hypermentals of Legacy:

Austrian Economic Sound Money Principle: Limited Supply. Legacy is a conservative cryptocurrency with limited supply that offers the token holders the possibility to preserve monetary energy they created through various means throughout their life. The problem with our monetary system is that it is inflationary in nature. Human beings tend to inflate every FIAT currency there has ever been. Legacy sets out on a mission to create sound money, similar to Bitcoin in design, and create a sealed silo for storing monetary energy on a blockchain. Tokens with a limited supply(where supply doesn't translate to tens of trillions of $ like the current US debt) tend to offer best value in $$$ terms in the long run. It is estimated that last Legacy will be minted in year 2029, so about 1 year after the .
Legacy Staking with no negative externalities and a system that rewards users who delay gratification. Legacy allows users to earn substantial ETH yields, outpacing those of other cryptocurrencies. To participate, users must lock up their Legacy for a specified period. The longer the lock-up duration, the higher the ETH yield they receive—think of it like a Certificate of Deposit in traditional banking, but with a lot more digital flair. Plus, the bigger the amount staked, the higher the ETH yield. During the lock-up period, users can’t sell their tokens, which reduces the amount of Legacy available on the market. This scarcity increases the value of Legacy, effectively rewarding users for contributing to price stability. Moreover, the reward mechanism for staking in Legacy differs from other cryptocurrencies. While many crypto projects reward stakers by minting new tokens (which devalues the currency faster than a dollar store sale), Legacy does things differently. Instead of inflating the token supply, Legacy rewards early adopters and stakers in ETH. This means when they sell their ETH rewards, they don’t hurt the price of Legacy. It's a win-win. And definitely a win for the community!
Concentrated Liquidity. Concentrated liquidity in Legacy is simple: you don’t have to play the guessing game of which new project that builds on Legacy to invest in. Legacy is launching exclusively one token, so you won’t be chasing after the next shiny token like a crypto magpie.
Instead, Legacy is all about channeling your liquidity into one rock-solid asset. Forget the distractions and focus on building your financial legacy with Legacy. Because sometimes, less really is more—especially when it means more stability and fewer investment headaches.
Reduction of Supply from Buy & Burn. When new builders are getting hired a portion of the funds used to hire builders are distributed to burning Legacy which makes it more & more scarce to obtain over time. Buy & Burn happens programmatically through smart contracts and is completely decentralized and all public functions are called by users. Burning Legacy is going to create long-term supply shock which will affect positively Legacy price on the open market since the asset will be scarce.
100% community owned. Legacy is a fairly-launched token. That means everyone gets the same chance to create Legacy. No private sale rounds, no presales, no VCs, no shadow figures who are just waiting for you to buy so they can dump their bags on your head. Just like with Bitcoin, those who got early and believed in something, got the most out of this opportunity. Most of the "traditional investors" will not believe in something like Legacy until it's in top 10 of Coin Market Cap. Therefore Legacy is for the regular people who want an escape hatch. A window of opportunity that opens every 4 years in crypto.

5 Key Hype Pillars

Limited Supply
Huge Portion of ETH Fees will be used for staking rewards
Just one underlying Legacy cryptocurrency
21% of Supply will be Burnable
Difficulty Mechanism that makes it harder & harder to create Legacy