## Introducing $LOLZ **LOLZ** is a brand new Hive engagement token with the mission of spreading laughter and joy on the Hive blockchain. And while the **LOLZ** **Project** may have a sense of humor, it is no joke. Read on to to learn more about the **LOLZ Project**, tokenomics, and our future plans. ![image.png](https://images.ecency.com/DQmXHvViBPGMgyGDRB7szyuBSvhkJU7CUtqQgBNfvyRoKHs/image.png) ## How To Mine LOLZ **LOLZ** is the world's first "Proof of Humor" token and is "mined" when **LOLZ** holders use the **!LOL** or **!LOLZ** command in comments to share a clean joke and tip the author a freshly minted **LOLZ** token. The amount of **LOLZ** holdings required to use the commands are shown below. By holding more than the minimum users are able to "level up" and can give up to ten tips per day. As more **LOLZ** is mined, the minimum holdings will increase to maintain scarcity.

Level	Calls/Day	< 500 mined	501-1000	1001-2000	2001-4000	4000+
Quick Wit	1	0	1	2	4	8
Class Clown	2	1	2	4	8	16
Jester	4	2	4	8	16	32
Stand Up	6	4	8	16	32	64
Comedian	8	8	16	32	64	128
Headliner	10	16	32	64	128	256

## Free Mining For A Limited Time Did you notice we are allowing everyone to use the **!LOLZ** command once per day even if you don't hold any **LOLZ**? That's right. For a limited time only, everyone can give 1 **LOLZ** tip a day! Try it for yourself by tipping a friend today (tell them about our free mining and maybe they will be kind enough to return the favor!) After all, what is better than sharing free crypto? Sharing free crypto and a laugh! (Edit: You can't use the !LOLZ command to tip @lolztoken) ## Example Use of !LOL Command ![image.png](https://images.ecency.com/DQmdD4uR8S56VXRfjuW7bmAXPvSsKBJX3qgbNuVUJJfSoU4/image.png) ## Tokenomics The LOLZ token was created on the Hive blockchain with a maximum supply of 1 Trillion tokens. Each time the command is used, 1 LOLZ is mined and sent to the tipped author. In addition to mined LOLZ tokens, LOLZ tokens will be issued for use in contests and other incentives. A reward of 5% of mined LOLZ will also be distributed monthly to the development team. It is our intent to let the market determine the value of **LOLZ** and will not be buying or selling **LOLZ** tokens in an attempt to impact the price. Rather we plan to work to add value to the **LOLZ** token. ![image.png](https://images.ecency.com/DQmS5EhkWAoVypZjn1SLLMXen4WV4Esj9uuoXq74pnjG6Ns/image.png) ## LOLZ Airdrop ## This Airdrop Has Been Completed! The **LOLZ Project** will not sell any tokens (ie., no initial token offerings, or later sales). Instead, seed tokens will be awarded in a series of airdrops and giveaways. We are planning one airdrop a day for 10 days, starting with this post. Just follow the simple steps below to receive up to 6 **LOLZ** tokens. * Follow this account (@lolztoken) for future airdrops, giveaways, contests, and updates (2 **LOLZ**) * Reblog this post (2 **LOLZ**) * Leave a comment below (1 **LOLZ**) * Tag a friend (1 **LOLZ**) Upvoting is not required, but much appreciated. ![image.png](https://images.ecency.com/DQme9RSZ5qZDDs21b9gC34ZkCfjaAoENnQAJRDcNAbHSesE/image.png) ## Future Plans The **LOLZ Project** is just getting started and we are looking for more ways to bring intrinsic value to the **LOLZ** token. One idea we are working on right now includes adding a random chance to have your comment and the authors post up-voted by @lolztoken. We are also exploring options for games, NFTs, and defi. All with the intent to add value to the **LOLZ** token. ## Help Support the LOLZ Project Well, hopefully if you have made it this far you like what you see and just maybe you are thinking, "Hey, how can I help?" I'm glad you asked. Here are a few ways you can help the **LOLZ Project**. * Use the **!LOL** and **!LOLZ** command often to tip fellow Hive authors. * If one of our jokes makes you smile, consider giving it an upvote! All rewards will be staked to help cover Resource Credit costs for the bot and increase curation value. * Follow @lolztoken and participate in our airdrops, contests, and giveaways. * Delegate or donate. Hey, we aren't too proud to beg. If you have some extra Hive power you can spare consider delegating it to @lolztoken, or use the link below to donate Hive.

## Big Thank You to @pizza Team The @lolztoken bot is powered by a slightly modified version of the open source pizza-bot code. Thank you for sharing your amazing code. ## Don't Forget About The Airdrop! That was a lot to read... now don't forget to get your tokens! * Follow this account (@lolztoken) for future airdrops, giveaways, contests, and updates (2 **LOLZ**) * Reblog this post (2 **LOLZ**) * Leave a comment below (1 **LOLZ**) * Tag a friend (1 **LOLZ**)

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