LIFT
  • About LIFT
    • Introduction
    • Roadmap
  • LIFT Network
    • LIFTChain
    • DataGrid
  • LIFT Ecosystem
    • LIFT AI Studio
    • AI Machines
    • DataBridge
    • LIFT Token
    • Nodes
      • Installing Nodes
  • For Developers
    • API Reference
      • AI Compute API
        • Image Processing Request
        • Query Extracted Data
      • Data Storage API
    • SDK Reference
      • Unreal Engine SDK
      • Unity SDK
      • Oracle SDK
    • Network Reference
      • Addresses
      • RPC Configuration
    • dApp Reference
      • Set up your wallet
      • Deploy your dApp
      • Verify your dApp
  • Resources
    • Official Links
      • Website
      • Twitter / X
      • Discord
      • Team Accounts
      • Telegram
      • Farcaster
      • GitHub
      • Brand Kit
    • Support
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On this page
  • Four ways to get ready for $LIFT
  • Staking $LIFT
  1. LIFT Ecosystem

LIFT Token

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Last updated 4 months ago

$LIFT is an upcoming utility token releasing Q1 2025.

Four ways to get ready for $LIFT

While we’re getting ready for the launch of our Mainnet and the $LIFT token, we’re distributing DataGold points to our fast growing community.

  1. Launch your AI Machine

    Earn bulk DataGold by helping us build the network. LIFT AI Machines distribute incoming data streams to our Node network, ensuring balance and availability in the protocol.

  2. Activate DataBridge

    Install the LIFT Chrome Extension to donate unused bandwidth to the LIFT network and earn DataGold points.

  3. LIFT's Airdrop Platform is live

    Complete daily quests and social referrals to stash DataGold in the lead up to the launch of the $LIFT token and Mainnet.

  4. Follow us on X

    We drop DataGold loot caches every day on X to users who help spread the word about LIFT.

The $LIFT token is core to the LIFT network acting to power LIFTChain and secure DataGrid.

The $LIFT token serves the following functions in the LIFT ecosystem:

  • Secures the data layer through modular nodes running Proof-of-Stake consensus

  • The native gas token of LIFTChain

  • The medium of exchange token for dApps operating on LIFTChain

  • Underpins the economic loop of DataGrid

$LIFT flows from LIFTChain users to node operators via the following mechanism:

  • Users pay $LIFT fees to dApp creators when interacting with a dApp

  • dApps pay $LIFT to Oracles to access data

  • Oracles pay $LIFT to nodes to access data

Staking $LIFT

Those operating a node will be able to stake $LIFT against their node to earn rewards.

Holders of $LIFT that don't operate a node will be able to select an exisiting node operator to stake with for a fee.

Those staking $LIFT will receive rewards in esLIFT which can be burnt for $LIFT with faster unlocks receiving less $LIFT.