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# LDY-token | ||
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The $LDY is the utility and governance token of the whole Ledgity ecosystem. This repo holds its contract source code. | ||
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This token is currently used in the following projects: | ||
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- [Ledgity.com](https://ledgity.com) | ||
- [Ledgity DeFi](https://ledgity.finance) | ||
- [Ledgity DAO (coming soon)](https://ledgity.org) | ||
The $LDY is the utility and governance token of the Ledgity ecosystem. This repo holds its contract source code. | ||
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## Design | ||
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The $LDY contract inherits from: | ||
This contract is taken from the official Chainlink CCIP cross-chain token template: | ||
https://github.com/smartcontractkit/ccip/blob/onchain-release/v1.1.0/contracts/src/v0.8/shared/token/ERC677/BurnMintERC677.sol | ||
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No changes have been made to the original contract; only the imports and folder structure have been reworked. This was done to eliminate hundreds of unused files and to import OpenZeppelin libraries directly from their NPM package. | ||
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- [OpenZepellin 'ERC20' contract](https://docs.openzeppelin.com/contracts/4.x/api/token/erc20#ERC20) | ||
- [OpenZepellin 'ERC20Burnable' contract](https://docs.openzeppelin.com/contracts/4.x/api/token/erc20#ERC20Burnable) | ||
$LDY token is non-upgradeable, non-pausable, and non-restrictable. | ||
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It has been designed to be as light as possible and so doesn't implement any functions and states in addition to the ones provided by the above OpenZepellin contracts. | ||
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It is non-upgradeable, non-ownable, non-pausable and non-restrictable. It is so safe to use in a DAO context. | ||
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It's supply is fixed to 75M tokens which are minted at deploy time. There is no way to mint additional tokens later. | ||
This token is currently used in the following projects: | ||
- [Ledgity.com](https://ledgity.com) | ||
- [Ledgity DeFi](https://ledgity.finance) | ||
- [Ledgity DAO (coming soon)](https://ledgity.org) | ||
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Finally, here are its specifications: | ||
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## Security | ||
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To report any security-related information that may directly or indirectly have an impact on the $LDY token, please reach us at [email protected]. | ||
To report any security-related information that may directly or indirectly impact the $LDY token, please email [email protected]. | ||
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## License | ||
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