Lake (cLake)

LAKE is an innovative Web3 ecosystem facilitating a fair and decentralized access to water worldwide. LAKE’s vision is built around our relationship with water. We are the first project to bring a clear, transparent and decentralized platform changing the way we interact with water, from purchasing, warehousing, to distributing, consuming and even donating it. In the future, active participants could be invited to express their preference amongst additional water sources proposed by the LAKE ecosystem. By ensuring untethered access to water, LAKE aims to attract millions of participants and connect the public to Web3, while building a platform fostering effective change to the way we think about water.


LAKE's ecosystem is set to transform the way we perceive and interact with water. Through democratizing access, ownership and sharing, it enables individuals to become active participants in managing this vital resource.

The cLAKE Community Program is a long-term bounty campaign designed to build the world’s first global community dedicated to ensuring water access for all. This program is set to launch in January 2024 and will be hosted on the Zealy platform. Its primary goal is to spread awareness about the LAKE project and foster active participation among individuals from diverse backgrounds. By joining the program, you become an essential part of the mission to connect millions to Web3 and transform the way we interact with water.

The cLAKE token (cLAK3) is an ERC-20 token exclusively created for the cLAKE Community Program. It acts as “proof of reward” during the bounty campaign and serves as a transition token for participants to claim their rewards in LAKE (LAK3) token in the future.
The LAKE token (LAK3) is a multi-utility token that lies at the core of the LAKE ecosystem. It grants access to a range of features, including purchasing, reselling, owning, and even donating water. Additionally, the LAKE token enables participation in the governance of the ecosystem, empowering the community to shape the future of water access. With a maximum supply of 950 million, LAK3 tokens is the official token of the project and is the only one that will be listed on exchanges, ensuring liquidity and facilitating broader adoption of the LAKE ecosystem.
The exchange rate between cLAKE and LAK3 is set at 10 to 1, meaning that 10 cLAKE tokens can be exchanged for 1 LAK3 token. This incentivizes participants to accumulate cLAKE tokens during this long-term bounty campaign and ultimately benefit from the real value of their rewards.

As a participant in the cLAKE Community Program, you’ll first earn XP points for completing various tasks on Zealy. These XP points serve as a measure of your engagement and dedication to the LAKE project. For every 100 XP earned, you will be rewarded with 1 cLAKE token. This fixed rate simplifies the calculation of your rewards and ensures transparency throughout the program. Zealy’s platform provides a gamified experience, allowing you to track your progress and compare it with other participants on the leaderboard.

The Basics of $LAK3 and the LAKE ecosystem

The LAKE token (LAK3) is the backbone of the LAKE Ecosystem. It is a multi-utility token based on blockchain technology, designed to bring fairness, transparency, and sustainability to the world of water distribution. It operates within a decentralized water economy, a direct challenge to traditional models of water access and consumption.

LAKE (LAK3) is a digital token - that represents a unit of value within the LAKE ecosystem. It is an ERC-20 token built on Ethereum and uses Proof of Stake (PoS) to validate transactions. This means that the LAKE (LAK3) token harnesses the inherent advantages of blockchain technology, such as immutability and transparency, to ensure equitable, traceable and tamper-proof water ownership. Although the true environmental costs of blockchain projects are often misconstrued – often ignoring other parameters such as the actual comparison to classical means of processing conventional transactions – the use of Proof of Stake is still 99.98% less energy-intensive than Proof of Work.

LAKE (LAK3) serves multiple purposes within the LAKE ecosystem. Primarily, it acts as a medium of exchange, allowing individuals to purchase water in a transparent and equitable manner on the LAKE platform. This decentralizes the power in water distribution, moving away from monopolistic practices and empowering individuals with direct control over their water access. But LAKE (LAK3) goes beyond just buying and selling water. Owning LAKE (LAK3) tokens allows individuals to participate actively in the water economy, encouraging engagement and fostering a sense of community within the ecosystem. It offers holders the opportunity to invest in water sustainability initiatives, donate water to those in need, and even get involved on certain decisions within the ecosystem, such as ranking new preferred sources of water amongst potential expansions.

LAKE token’s functionality is centered on the user experience, providing an accessible and seamless interface for all participants. Users can easily navigate the platform, select from available water sources, and complete transactions with LAKE (LAK3) tokens in just a few clicks. The decentralized nature of LAKE (LAK3) reduces the need for intermediaries, cutting down transaction costs and minimizing potential points of failure. Additionally, each transaction with LAKE (LAK3) is recorded on the blockchain, ensuring complete transparency and traceability. In summary, LAKE (LAK3) is more than just a token. It is a tool designed to democratize access to water, promote environmental sustainability, and foster an active and engaged community. By decentralizing water distribution, LAKE (LAK3) seeks to transform the way we access and consume this vital resource, offering a more equitable and sustainable alternative.

Tokenomics of $LAK3

LAKE (LAK3) is the native ERC-20 token of the LAKE Ecosystem, with a max supply of 950 million tokens. LAKE tokens are used in the LAKE portal to purchase and donate water, obtain water concession rights, pooled to participate in profit-sharing opportunities and staked by the community to weigh on submitted proposals.

LAKE (LAK3) is the native ERC-20 token of the LAKE Ecosystem, with a max supply of 950 million tokens. LAKE tokens are used in the LAKE portal to purchase and donate water, obtain water concession rights, pooled to participate in profit-sharing opportunities and staked by the community to weigh on submitted proposals.

RoadMap

• Q1 2024: Internal Beta Testing/UAT: Start of beta testing with a limited number of participants to provide critical user feedback for refining and improving the platform. Launch of the Pre-Sale with up to 47.5 million LAK3 (5% of Total Supply) to be minted.
• April 2024: Launch of LAKE Platform Stable v1: Official launch of the platform, allowing users to start purchasing water with their LAK3 tokens. Preparations for end of Q2 listing on partners Centralized Exchanges 25
• June 2024: Merchandising Launch: Introduction of LAKE-branded merchandise for sale, allowing the community to tangibly show their support for the project while funding further development and expansion
• August 2024: Public Beta: Introduction of new features based on user feedback from the initial launch, including enhanced user interface, user experience improvements, and additional functionalities
• October 2024: Discussion with Other Sources: Broadening of our resource pool by starting discussion with additional water sources worldwide to further ensure accessibility and sustainability
• Q1 2025: Global Awareness Campaign: Launch of a campaign to educate the public about water scarcity issues and how LAKE can help to alleviate these problems
• Q2 2025: LAKE Platform Stable v2: Deployment of a major update to the LAKE platform based on extensive user feedback and new developments in the sector. This version will offer more features, an improved user interface, and enhanced system performance
• Q3 2025: Community Expansion: Continued growth of our community through global events and initiatives, extension of our ambassador programs, and partnerships
• Q4 2025: Review and Roadmap Update: In line with our commitment to constant evolution and improvement, we will review our achievements to date, gather feedback, and outline our plans for the future of the LAKE ecosystem.

source:
Website: https://lak3.io
Whitepaper: https://lak3.io/whitepaper
Twitter: https://twitter.com/lake_lak3