LetMeSpeak.org Whitepaper
🇬🇧 English
🇬🇧 English
  • Imagine being paid to learn a foreign language
    • A few words about LetMeSpeak
    • Why are 1.4 billion people learning English?
    • Solving the biggest problem with online education
    • Web3 Language learning - power to learners
    • Technology for good
  • Play, Learn and Earn
    • Learn & Earn in 1-2-3
    • Learning experience
    • Educational impact
  • Learn-and-Earn business model
    • LetMeSpeak Web3 vs Web2
    • Sustainable design
    • Sponsorship
  • Economy
    • Ways to participate
    • Characters
      • Rarity and attributes
      • Visa
      • Invites
      • Visual customization
    • Learning rewards
    • Marketplace
    • In-app purchase
    • Other NFTs assets
    • Game currencies
    • Scholarship
    • PvP Game
    • Relocation
    • Treasury
    • Anti-fraud
  • Technology
    • Building blocks
  • Tokenomics
    • LSTAR token
    • LMS governance token
  • Social impact
    • Philanthropy
    • Corporate partnerships
  • Disclaimer
  • Change Log
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  1. Economy

Treasury

PreviousRelocationNextAnti-fraud

Last updated 2 years ago

The Treasury is a key financial function that is vital to the financial health and success of the LetMeSpeak ecosystem.

The Treasury involves the management of money and financial risks in the metaverse.

The Treasury fulfills several functions:

  • Collect LetMeSpeak net proceeds from

    • The primary sale of NFTs

    • Invites

    • Marketplace fees

    • Sales of LSTARs ()

    • In-game fees: visa extension, character upgrades and visual customisation, other fees

  • Buy back LSTARs (subject to funds availability in Treasury and governance token holder decisions). The values may change over time.

  • Implement long-term financial strategy and policies provided by the LMS governance token holders

Actions of Treasury will be governed by holders.

You can read more about the distribution of governance tokens .

current LSTAR exchange rate
LMS governance token
here