# V1 Features

<table data-header-hidden><thead><tr><th width="235"></th><th></th></tr></thead><tbody><tr><td><strong>Function List</strong></td><td><strong>Requirements</strong></td></tr><tr><td>1.DePIN-Native <br>Liquidity Pool</td><td>Implement the native liquidity mechanism to enable token swapping functionality with customized fees </td></tr><tr><td>2.Initial Supply </td><td>The initial supply is 10M<br>10% for initial liquidiy <br>90% for airdrop </td></tr><tr><td>3.Rebase </td><td>Enable the rebase functionality for veLOXO tokens, allowing for a potential increase of up to 15% for veLOXO holders </td></tr><tr><td>4.Emission </td><td><p>Start weekly emissions at 375,000 $LOXO tokens.</p><p></p><p>1.veLOXO Rebase per epoch: Up to 15%</p><p>2.Emissions for Liquidity Providers: 70%</p><p>3.Emissions for Voters: 7%, decreasing to 5% After Epoch 24</p><p>4.Emissions for LoxoNFT Stakers: 5% (Until Epoch 24)<br></p></td></tr><tr><td>5.Whitelist Pool for DePIN Protocol</td><td>Only the pairs in the whitelist could be traded, Meanwhile, the liquidity pairs that are eligible for earning LOXO emissions rewards are limited to specific token pairs. </td></tr><tr><td>6.Trading Fees</td><td><p>Set the trading fee for sAMM (Stable AMM) trades to 0.2%. </p><p>Set the trading fee for vAMM ( Volatile AMM) trades to 0.5%. </p></td></tr><tr><td>7.Incentive (Supported by defaults)</td><td>Designate incentive rewards as claimable in the next epoch. </td></tr><tr><td>8.Lock $LOXO to receive veLOXO </td><td><p></p><p>Introduce a locking mechanism for converting LOXO tokens into veLOXO tokens.</p><p></p><p>Specify lock periods of 2 weeks, 6 months, 1 year, and 2 years.</p><p></p><p>Define conversion rates, such as 1 $LOXO locked for 2 years equals 1 veLOXO, and 6 months locked $LOXO equals 0.25 veLOXO.</p></td></tr><tr><td>9.veLOXO holders vote to Earn trading fees and bribes </td><td><p>Direct Influence &#x26; Rewards: Earn 7% of token emissions per epoch for shaping the protocol's future through voting and earn 40% trading fees revenue </p><p></p><p>Growing Income: From epoch 24, enjoy both token emissions (5% per epoch) and higher trading fee share (70% - 100% after 6 months).</p><p><br>-100% of the bribes</p></td></tr><tr><td>10.LoxoNFT<br><br>Earn trading fees and royalty </td><td><p>Double Dip: Earn 10% of all trading fees plus 5% of token emissions for the first 24 epochs.<br></p><p>Graduated Schedule: Trading fee share starts at 10% (months 1-2), tapers to 8% (months 3-5), and stabilizes at 5% (month 6 onward).<br></p><p>Passive Income Stream: Guaranteed income from both fees and emissions, regardless of market conditions.<br><br>1% royalty fees goes staking pool </p></td></tr></tbody></table>