Token Sale Terms
01
Governance Token
LOCKIT grants voting rights over protocol parameters: fee adjustments, oracle endpoint additions, treasury allocations, and future upgrades. No promises of financial returns.
02
Fixed Price, Fixed Supply
1 billion tokens total. Sale price: $0.001 per token. Fully diluted valuation: $1,000,000. Price does not change during the sale.
03
Immediate Unlock
All token sale tokens (50% of supply) unlock immediately at Token Generation Event (TGE). No vesting or lockup for contributors.
04
Permanent Liquidity
5% of tokens + $50,000 USDC create a Uniswap V2 pool at an initial $0.001/LOCKIT ratio (matching the token sale price). LP tokens are burned (sent to 0xdead), making this liquidity permanent and unruggable.
05
Trust-Minimized
All allocations are hardcoded in the smart contract. No admin can change percentages or redirect funds. View sale contract →
06
Refund Protection
If the $500k goal is not reached by deadline, all contributors can claim full USDC refunds. Refund logic is enforced by the sale contract.
DO NOT SEND USDC DIRECTLY
NEVER transfer USDC directly to the vault contract address.
You MUST use the Contribute button on this page. Direct transfers cannot be recovered and your funds will be permanently lost.
What Can You Govern?
- Protocol fees (creation fee, resolution fee, DAO fee percentage)
- LOCKIT holder fee discounts (0-50% off for token holders)
- VERO oracle configuration (providers, endpoints, models, prompt)
- Treasury allocations (grants, development, partnerships)
- Future protocol upgrades and migrations
Oracle configuration updates are subject to governance controls and include a timelock when the VERO timelock is activated (one-way switch). A shorter 2-day governance timelock applies to other protocol parameter changes.
Use of Funds ($500,000 Target)
- $50k Burned LP (50M LOCKIT + $50k USDC)
- $250k Compliance Budget (operational)
- $125k Development (operational)
- $75k Infrastructure (operational)
Operational allocations are held by LockIt Labs LLC per the Services Agreement, remain the beneficial property of the DAO, and are intended for day-to-day protocol, explorer, and infrastructure operations.
Operational wallet addresses (Base):
Compliance — 0xB05d31ef39A02483F935D5619eF1CFe16a5f9b3A
Development — 0x0648428b940A543f223c414ecFeCA14881ab7873
Infrastructure — 0x41b95Ce55A0713c38418Db67Cb2Dd577aFe15b9c
Raised
$0 / $500,000
0 contributors
30d 0h 0m remaining
Per-Wallet Limits
Minimum
$10
Maximum
$2,500
Capped to encourage wider token distribution. No single wallet can dominate the sale.
Contribute
Min: $10 · Max: $2,500
You receive:
≈ 0 LOCKIT
Important Notice
This token sale may not be available in all jurisdictions. It is your responsibility to ensure compliance with local laws. LOCKIT tokens are governance tokens and do not represent equity, debt, or any claim to profits. The protocol is experimental software. Use at your own risk.
Token Distribution
A clean allocation: 40% to DAO governance (5% at TGE + 35% linear over 4,356 days), 50% token sale, 5% permanent liquidity, and a 5% founder allocation (1% at TGE + 4% linear over 2,777 days).
1B
LOCKIT
DAO Treasury
40%
Token Sale (You)
50%
Founder
5%
Liquidity
5%
Token Facts
LOCKIT Governance Token
Network
Base (L2)
Token Standard
ERC-20
Amount Per Token
Total Supply
1,000,000,000
Sale Price
$0.001
Fully Diluted Valuation
$1,000,000
Target Raise
$500,000
ALLOCATION
% SUPPLY
Token Sale
50%
Unlock
Immediate (TGE)
Liquidity Pool
5%
Lock
Permanent (burned)
Founder
5%
Vesting
1% TGE + 4% linear (2,777 days)
DAO Treasury
40%
Vesting
5% TGE + 35% linear (4,356 days)
CONTRIBUTION LIMITS
Minimum
$10
Maximum
$2,500
Distribution Schedule
Clear terms. Governance-first distribution. Permanent liquidity.
Token Sale (50%)
Immediate
100% unlocked at TGE. No lockup for contributors.
Liquidity Pool (5%)
Permanent
LP tokens burned to 0xdead. Liquidity can never be removed.
Founder (5%)
Vesting
1% at TGE, then 4% linear unlock over 2,777 days (7y7m7d).
DAO Treasury (40%)
Vesting
5% at TGE, then 35% linear unlock over 4,356 days (11y11m11d). Treasury actions require proposals + timelock delay.
Why this matters: Everyone gets the same price—$0.001 per token. No private rounds. No discounted pre-sales.
Tokens are reserved for DAO governance with a time-based unlock schedule, with permanent liquidity (5%) and a founder allocation (5%) that unlocks linearly over time.