Question 1

What is League of Traders (LOT)?

Accepted Answer

League of Traders (LOT) is the utility token associated with the League of Traders social trading application. The platform aggregates portfolios across multiple exchanges, shows a real-time leaderboard and allows users to view other traders’ portfolios and use copy trading.

LOT is issued on Binance Smart Chain (BSC). The platform’s Pay-to-See feature is executed via a smart contract deployed on-chain.

Question 2

What is League of Traders (LOT) token used for?

Accepted Answer

LOT is used for in-platform payments and for staking-based participation.

**Payments for access and features**
- **Pay-to-See:** a one-time payment in LOT to unlock and view another user’s trading portfolio.
- **Pay-to-Follow:** a recurring LOT fee to subscribe to another user’s portfolio visibility.
- **Copy Trading:** fees to copy “Copy Leaders”, with discounts available when paying fees in LOT.
- **LOT Beacon:** LOT fees to access strategy signals and apply them manually or automatically across centralised exchanges (CEX) and decentralised exchanges (DEX).

**Staking and community participation**
- **Stake-to-Earn:** lock LOT to receive rewards, with longer lock-ups linked to higher APY (annual percentage yield).
- **Social Staking:** combines Proof of Stake (PoS) and Proof of Community (PoC). Users lock LOT to obtain Mining Power (MP) which determines reward eligibility. Rewards come from a mining pool, with 40% allocated to PoS and 60% to PoC and a declining emission schedule. PoC rewards are distributed to the top 12 communities based on collective voting power tied to activity, leadership and participation.

**Other utilities**
- **Participation rewards:** events and active participation can earn LOT rewards.
- **Premium access:** unlock additional platform features by holding or paying with LOT.
- **Beacon incentives:** strategy access is paid in LOT and contributors (for example data providers or community analysts) can receive a share of rewards via an on-chain distribution mechanism.

Question 3

Who created League of Traders (LOT)?

Accepted Answer

League of Traders was founded by **John-Ting Li (CEO and Co-Founder)** and **Minkyu Cho (Co-Founder)**.