New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
How to Participate:
1. Download and update the Gate APP to version v8.0.5
2. Publish a post on Gate Square and include the hashtag: #GateAPPRefreshExperience
3. Share your real experience with the new version, such as:
Key new features and optimizations
App smoothness and UI/UX changes
Improvements in trading or market data experience
Your fa
LOM's positioning within the Conflux ecosystem is quite interesting, with the core selling points revolving around two words: security and sustainability.
First, let's talk about security. The project team has open-sourced 100% of the smart contract code, which means anyone can download the code and review it repeatedly. Can backdoors be hidden? They can be uncovered at any time. More extremely, the development team has permanently relinquished control over the contracts. Simply put, once deployed, they are no longer related to the developers; no one can modify parameters or perform rug pulls. All of these can be verified on-chain.
As the hosting platform, Conflux itself is a rare compliant public chain in China. Its security standards are established, and the LOM project relies on this public chain for operation, adding an extra layer of security.
Regarding the economic model, the total circulating supply is fixed at 88,888,888 tokens, with no further issuance. The distribution logic is also clear:
- LP farming accounts for the majority (25,555,555 tokens)
- Staking mining (10,000,000 tokens)
- Community incentives (8,888,888 tokens)
- Market circulation (44,144,445 tokens)
Interestingly, the project has already burned 300,000 LOM tokens. This deflationary mechanism increases the potential for value appreciation over time.
I need to emphasize the LP farming mechanism. Traditional liquidity mining involves authorizing LP tokens to a contract, giving the contract control over your assets. LOM's approach is different — your LP tokens always stay in your wallet, without needing to authorize any contract. This completely changes the risk structure from a technical perspective.
Once deployed on the blockchain, the entire system runs independently. There are no centralized servers, no administrators with arbitrary control, and no single point of failure. Once the contract is written into the blockchain, it executes according to the predetermined logic, running until the last LOM is mined.
This design actually addresses a core concern in Web3 today: how can you trust a project? The answer provided by LOM is that you don't need to trust anyone; the code and the chain itself are trust.