> For the complete documentation index, see [llms.txt](https://beatswap.gitbook.io/beatswap/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://beatswap.gitbook.io/beatswap/tokenomics/usdbtx-tokenomics/lv-convert.md).

# LV Convert

Liquidity-Backed Vesting Convert

LV Convert is a liquidity-backed vesting program designed to support liquidity provision and structured token distribution after listing.\
The program operates under a fixed allocation model that combines locked liquidity provision with time-based vesting.

***

#### Overview

LV Convert allows participants to contribute USDT under predefined conditions.\
The protocol manages liquidity provisioning and vesting according to transparent rules, ensuring predictable token release and controlled supply flow.

***

#### Allocation Structure

Each participation amount is allocated as follows:

* **50% Liquidity Provision**\
  50% of the deposited value is allocated to liquidity provision.\
  The liquidity position is locked for **180 days**.
* **50% Vesting Allocation**\
  The remaining 50% is allocated to BTX and distributed through **linear, per-second vesting** over **180 days**.

***

#### Vesting Bonus

An additional **9.8% vesting bonus** is applied to the vesting allocation.

* The bonus is included directly in the total vesting amount
* No separate reward or incentive distribution exists
* The base vesting amount and the bonus are released together under a single linear vesting schedule

This ensures that all vested tokens follow the same transparent release curve.

***

#### Vesting Mechanics

* Vesting accrues continuously on a **per-second basis**
* Tokens become claimable gradually throughout the vesting period
* All vested amounts, including the bonus, are managed within a **single vesting stream**
* No separate claim process for bonuses or incentives is required

***

#### Vesting Schedule (180 Days)

Below is an illustrative vesting schedule showing how tokens are released over time.

{% @mermaid/diagram content="flowchart LR
A\[Day 0<br/>Participation] --> B\[BTX Vesting Starts]
B --> C\[Linear Vesting<br/>0% → 100%<br/>Second-by-Second]
C --> D\[Day 180<br/>Vesting Complete]

```
A --> E[Liquidity Provided<br/>PancakeSwap V3]
E --> F[LP Locked<br/>0% Unlock]
F --> G[Day 180<br/>LP Fully Unlocked]

style A fill:#f5f5f5,stroke:#999
style B fill:#e3f2fd,stroke:#2196f3
style C fill:#e3f2fd,stroke:#2196f3
style D fill:#bbdefb,stroke:#1e88e5

style E fill:#fff3e0,stroke:#fb8c00
style F fill:#fff3e0,stroke:#fb8c00
style G fill:#ffe0b2,stroke:#ef6c00" %}
```

> Vesting increases linearly from Day 0 to Day 180, with tokens becoming progressively claimable over time.

***

#### Liquidity Provision Policy

* Liquidity provision uses **BTX supplied by the protocol in advance**
* As a result, participants do not experience token amount reduction due to slippage during the liquidity provision phase
* Liquidity positions remain locked until the lock period ends

***

#### LV Convert Smart Contracts

Contract addresses and implementation details are documented in the official GitHub repository:

<https://github.com/beatswap-labs/btx-token-contracts/blob/main/README.md#lv-convert-liquidity-backed-vesting>

***

#### Token Allocation Note

The Public Round allocation was not conducted as a direct token sale prior to listing and is intended for vesting mechanisms designed to support liquidity provision.

***

### FAQ

#### What is LV Convert?

LV Convert is a liquidity-backed vesting program that combines locked liquidity provision with time-based token vesting.

#### How is my USDT allocated?

Each participation amount is split evenly:

* 50% for liquidity provision (locked for 180 days)
* 50% for BTX vesting (released linearly over 180 days)

#### Is there a bonus?

Yes.\
A **9.8% vesting bonus** is applied to the vesting allocation and included directly in the vesting stream.

#### Are bonuses distributed separately?

No.\
The base vesting amount and the bonus are combined into a single vesting schedule.

#### When can I claim vested tokens?

Tokens become claimable continuously as vesting progresses, on a per-second basis, throughout the 180-day period.

#### Is liquidity withdrawable before the lock period ends?

No.\
Liquidity remains locked for the full 180-day period.

***

#### Summary

LV Convert provides a structured framework that aligns liquidity support with controlled token distribution, combining fixed allocation rules, linear vesting, and a transparent bonus structure.