iLC Nugget

NUGGET Asset Specs

1. Introduction

iLC Nugget (Asset ID 2699078351) is an Algorand Standard Asset (ASA) designed to grow long-term value through a sustainable liquidity-driven economic model built on protocol-owned liquidity, transparency, and treasury-backed stability.

2. Mission Statement

To build a community-driven digital asset that achieves sustainable price stability and trading depth by continuously reinforcing on-chain liquidity while maintaining a transparent treasury vault.

3. Token Overview

  • Token Name: iLC Nugget
  • Asset ID: 2699078351
  • Total Supply: 100,000,000,000 NUGGET
  • Circulating Supply: ~2,000,000,000 NUGGET
  • Network: Algorand Blockchain
  • Website: ilovechicken.co.uk
The remaining supply is held in a transparent reserve intended for liquidity formation, treasury backing, ecosystem growth, and future development.

4. Tokenomics Structure

Distribution Framework

  • Vault Treasury: 20% (20B) Locked via Vestige Vault – November 2027
  • Liquidity Reserve: 30% (30B) Locked via Vestige Vault – November 2026
  • Circulating Supply: 2% (2B)
  • Ecosystem Rewards: 3% (3B) Locked via Vestige Vault – Interval until November 2030
  • Operations & Development: 5% (5B) – 2% (2B) Locked via Vestige Vault – November 2028
  • Unallocated Reserve: 38% (38B)
  • Burn Wallet:: 2% (2B)

5. Revenue Allocation Model

20% → Vault Treasury 80% → Liquidity Pools
  • Strengthens long-term asset backing
  • Deepens liquidity
  • Reduces volatility
  • Boosts community and investor confidence

6. Vault Treasury

Assets May Include:

  • ALGO
  • USDC
  • LP Tokens

Purposes:

  • Market stabilization
  • Reserve accumulation
  • Ecosystem development
  • Emergency liquidity support

7. Liquidity Strategy (Tinyman)

Phase 1 (0–3 months)

  • Primary pool: NUGGET/ALGO
  • Initial price discovery

Phase 2 (3–6 months)

  • NUGGET/USDC pool expansion
  • Stable liquidity reinforcement

Phase 3 (6–12 months)

  • Additional pools: goBTC, goETH, STBL

8. Current Liquidity Status

The iLC Nugget ecosystem already maintains multiple active liquidity pools across the Algorand DEX network. These pools demonstrate strong early adoption and ecosystem alignment.
  • NUGGET / FOLKS — 36.07% of TVL ($172.47)
  • NUGGET / ALGO — 25.63% of TVL ($122.53)
  • NUGGET / USDC — 23.45% of TVL ($112.11)
  • NUGGET / TINY — 13.45% of TVL ($64.31)
  • NUGGET / Grit — 1.40% of TVL ($6.70)
These pools offer multiple trading on-ramps, improved price discovery, and stronger integration with the wider Algorand ecosystem.

9. Risk Management

Impermanent Loss Controls

  • Strategic LP management during price spikes
  • Treasury rebalancing mechanisms

Price Protection

  • Pause liquidity deployment during major market drops
  • Governance-guided stabilization decisions

10. Governance & Transparency

  • Monthly treasury and liquidity reports
  • Reserve wallet transparency
  • Roadmap tracking
  • Community-driven proposals

11. Roadmap

Phase 1 (0–3 months) — The Start

  • Website refreshed and modernized
  • Pre-launch marketing and analytics begin
  • Initial liquidity locked for 12 months
  • Nugget Dash v1 enters early release
  • Community channels established (X + Reddit growth)

Phase 2 (3–6 months) — Foundation Building

  • USDC pool expansion for price stability
  • Game improvements to Nugget Dash (leaderboards + rewards)
  • Community micro-events and giveaways
  • Transparency dashboard for liquidity + treasury

Phase 3 (6–12 months) — Ecosystem Expansion

  • Additional pools explored (goBTC, goETH, STBL)
  • Mini-dApps for functional meme utility
  • Partnership development within Algorand ecosystem
  • Staking or holding reward model (community-approved)

12. Monthly Token Burn Program

Planned burn: 1,000,000,000 NUGGET per month on the 25th of each month for 24 months (total 24,000,000,000 NUGGET).

Why we burn

  • To permanently reduce circulating supply over time and support long-term value.
  • To demonstrate ongoing commitment to treasury discipline and protocol-owned liquidity.
  • Every burn will be publicly recorded and verifiable on-chain.

How the burn works

  1. On the 25th of each month the owner will transfer 1,000,000,000 NUGGET to the verified burn address.
  2. The responsible operator then records the on-chain transaction ID (txid) using the burn logging interface (or via the API endpoint).

Transparency & Verification

All burns will be logged and available for public verification, the burn mechanism is via via https://thebonfire.app/ Schedule: 25th each month for 24 months. Each burn amount: 1,000,000,000 NUGGET. Note: The actual token move must be executed by the on-chain wallet that controls the tokens. After the transfer, the txid  will be available on request.

13. Economic Projection Example

  • 5B NUGGET sold
  • Revenue: 100,000 ALGO
  • 20,000 ALGO → Treasury
  • 80,000 ALGO → Liquidity

14. Conclusion

iLC Nugget is a liquidity-backed meme token designed for long-term sustainability. By reinforcing liquidity with revenue, maintaining transparent reserves, and expanding across the Algorand ecosystem, Nugget sets the foundation for a stable, community-driven token economy.