Lepricon

Lepricon is a blockchain-driven ecosystem of DeFi, games, and NFTs delivered on our gas-free Ethereum compatible side chain, Leprichain. We believe that the world of video games, from AAA titles for PC and console to the casual games you play on your phone, will be the first killer on-ramp to blockchain for mainstream audiences. Lepricon’s mission is to provide the technology and know-how that enables mainstream game developers to incorporate blockchain into their games to improve player utility and experience. All of Lepricon’s activities are steps towards that goal.

Gas Free

Meets the needs of games and other high-transaction volume applications where even micro-gas is not acceptable.

UX Comes First

Built with the needs of the mainstream gaming industry in mind.

Ethereum-Compatible

Runs all Solidity dApps, just without the gas fees. Redeploy existing applications to a new gas-less environment.

Scalable

Can handle any application from the simplest dApp to highly complex gaming experiences

Bridge to Ethereum

Transfer assets back and forth between Leprichain and other ERC-compatible chains with ease

Technology

At the core of this strategy is Lepricon’s own high-speed, gas-less Ethereum-compatible side chain, Leprichain. We are developing software solutions in the form of SDKs, which will empower mainstream game development studios to incorporate blockchain technology into their games. These solutions are built upon and powered by Leprichain, with the intent to create a drag and drop blockchain solution for mainstream game developers.

DeFi

Leprichain and all of the dApps that run on it are powered by our ERC-20 utility token, L3P. Lepricon will soon launch its DeFi portal, which will enable L3P holders to manage their tokens. Participate in governance, and benefit from advanced yield-earning activities. Lepricon’s DeFi portal will launch towards the end of the fourth quarter of 2021.

The Rebase Protocol is a price fixing protocol, but it cannot fix price directly. It can only influence price through

supply rebases. These rebases should incentivize the market to correct BASE’s price to its target equilibrium price.

But as mentioned, this may not work as intended, especially early on.

There is basically a stability spectrum, or “slider” for how BASE’s programming can be approached. This slider

ranges from a less stabilized approach to a more stabilized approach.

If the protocol is initially programmed with a more stabilized approach, it could peg more effectively early on. This

supports its functionality but means early adoption can be less rewarding for arbitrage actors.

If the protocol is initially programmed with a less stabilized approach, it might not peg as effectively early on. This

undermines its functionality but means early adoption can be more rewarding for arbitrage actors.

Remember, arbitrage actors are necessary for price corrections to happen. This means rewarding arbitrage

engagement is as important as stable pegging early on.

To balance these factors, it makes sense to take a less stabilized approach initially, and stabilize programming as

adoption occurs. This incentivizes early participation in the network and gradually stabilizes functionality as the

network grows.