LETRO // Tokenomics
Use it.
Buy it back.
Burn it.
LETRO is tied to how much Letronna is used: half of the margin on hosted models buys it back, and spending it or leaving a stake early burns it, in public.
In // Buyback
50%
Usage buys it back
Letronna takes a small margin on hosted-model usage. Half of that margin buys LETRO on the market. The more the agent is used, the more LETRO is bought.
Out // Spend
10%
Spending burns it
Pay for credit with LETRO and you get its full value as credit. A tenth of the LETRO paid goes to the dead address; the rest pays for what that credit is spent on: hosted models, APIs and Cloud.
Hold // Stake
20%
Holding pays in credit
Staked LETRO earns 20% a year of its dollar value as Letronna credit, every day, for models and Cloud. The lock is 90 days and renews itself; leaving early burns 10%. Rewards are credit, so staking mints no LETRO.
Supply
One billion.
Never more.
- Total supply
- 1,000,000,000 Fixed at mint
- Burned so far
- … Sent to the dead address
- Left
- … Total less burned
- New LETRO from staking
- 0 Rewards are paid in credit
- 01Mint
All 1,000,000,000 LETRO are minted once, into LETRO's own bonding curve on pons.family. There is no mint function after that.
- 02Curve
The curve sells LETRO both ways, its price set by how much has sold. Anyone can buy in; nothing is held back on the curve.
- 03Graduate
At 4.2 ETH raised the curve graduates: its reserves seed a Uniswap v4 pool, and that liquidity is locked for good.
- 04Cycle
From then on usage buys LETRO back and spending burns it, so the supply in circulation only goes one way.
| Flow | Share | From | Goes to |
|---|---|---|---|
| Buyback | 50% | Letronna's margin on hosted-model usage | LETRO bought on the market |
| Spend burn | 10% | LETRO paid for credit | The dead address, weekly |
| Running costs | 90% | LETRO paid for credit | The treasury, which pays for the models, APIs and Cloud that credit is spent on |
| Exit burn | 10% | A stake left before its 90 days | The dead address, weekly |
| Staking reward | 20% / yr | The staked LETRO's dollar value | Your account, as daily credit |
Launch
On Robinhood Chain,
via pons.family.
- Launchpad
- pons.family
- Network
- Robinhood Chain · Chain ID 4663
- Contract
- 0xa275…85f1 · only trust this one
- Burns go to
- 0x0000…dEaD · the dead address
Public record
Every burn, on chain.
Burns go out once a week in one transaction to the dead address. Buybacks will be listed here the same way, each with its transaction.
Reading the record…
Good to know
- Staking rewards are Letronna credit, not tokens or cash. Credit can't be withdrawn.
- The buyback follows usage: no margin, no buyback. Nothing here promises a price.
- LETRO's price can go down as well as up. Nothing here is investment advice, and it may not be available where you live.
- Art: Camille Flammarion (1888), an ouroboros engraving (17th c.), the Aberdeen Bestiary (12th c.) and Theodoros Pelecanos (1478), all public domain via Wikimedia Commons, dithered by Letronna.