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When does lp take effect (difference between lpr effective time)

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When does lp take effect? According to previous reports, the initial distributio

When does lp take effect (difference between lpr effective time)

When does lp take effect? According to previous reports, the initial distribution of lp tokens (LongLiverProtocol) will take place on July 16, 2020. The initial allocation will start at 10:00 AM UTC on July 18, 2022, and will continue for 12 months until 12:00 PM on June 20, 2021. At that time, users will be able to use their tokens for voting and payments. Specifically, if the community approves and implements the proposal, all rewards will be received by a specific address before the deadline. Currently, this project is expected to receive over 500 million lpl tokens based on the current price.

What is the difference in effective time between lpr

In legal and regulatory terms, lpr is referred to as a “security,” and its effective time is different from the previous regulations mentioned. It typically takes one to two weeks to take effect. However, for ordinary investors, the most familiar term is “LPR.” In simple terms, it refers to the “contract fulfillment time” (Lateral Regulation Time) because it is determined by an entity on how to execute and completes the agreement itself through the signing of the contract by that entity. In other words, the “contractual behavior” begins when the agreement is reached. The “transaction amount” also becomes a special case, as the “payment amount” and “purchase amount” are priced based on a specific quantity. If it exceeds $10,000 (calculated based on the current market price), additional fees must be paid to use the funds.

In specific terms, lPr is a derivative related to financial instruments such as bonds, similar to the collateral types in traditional forms of debt, such as loans or loan agreements with fixed-value assets such as bonds, bills, or corporate credit limits. According to Article 5 of the Company Law, the company must disclose all issued and unpaid securities to the borrower. However, since lkr does not hold any funds in the form of a bank account like traditional stocks, it means that there is no need to convert these investments into cash, deposits, or withdrawals. (cointelegraph)

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