Limitless Unveils LMTS Tokenomics with 1 Billion Supply on Base Network
Limitless’s LMTS token has surged 110% to $0.429 with a $429M market cap, just three days after listing, despite ongoing community concerns about team token sales.
Fact Check
The statement is strongly supported by multiple, high-authority sources. Three separate and credible news platforms from the cryptocurrency industry (Binance, Gate.io, and RootData) all independently and explicitly confirm the key details of the statement: that Limitless has released its tokenomics, the total supply of the LMTS token is 1 billion, and it will be issued on the Base network. A fourth, lower-authority social media source corroborates this information. The only source with questionable reliability, a blog post from Whales.market, is noted to have factual errors on other points but does not contradict the specific claims about the total supply. The overwhelming consistency across the high-authority sources and the absence of any contradictory evidence provide a high level of confidence in the statement's truthfulness.
Summary
Limitless’s LMTS token on Base experienced a 110% price increase in the past 24 hours, reaching $0.429 and a market cap of $429 million. The surge occurred three days post-listing and comes amid community scrutiny over team token sales during the Token Generation Event. This follows the official launch of the token with 1 billion supply, 13.159868% in circulation at TGE, and allocations including 25% to the team and 24.37% to ecosystem rewards.
Terms & Concepts
- Tokenomics: The economic structure and distribution plan of a cryptocurrency, detailing supply, allocation, and release schedules.
- Base Network: A blockchain network developed by Coinbase to provide a scalable and secure environment for decentralized applications.
- Token Generation Event (TGE): The official launch moment when a cryptocurrency's tokens are created and become available for distribution or trading.