$LANDO is a fan token that subsequently will be supported by Lando Norris. Throughout the F1 season Lando Norris will have the power to earn and burn supply.
The burning system:
For the burning system there is a wallet that holds 19,5% of the supply. This wallet is in a vesting contract on streamflow. Every formula 1 race weekend there is a burn event. there are burnings for the race, the qualifiacation and the sprint race. The amount of $LANDO that will be burned after each event depends on the position Lando Norris ends. The full scheme is on our website.
The earn system:
For the earn system there is a wallet that holds 7% of the supply. This wallet is locked on streamflow. Lando Norris himself can earn supply by winning races. Every race he wins he will earn 0,5% of the supply with a total of 7%.
Utility goals:
Formula 1 has become the proving ground for crypto sponsorships and partnerships, and $LANDO is leading the charge.
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