What Backs the 8LNDS Token and How Maclear Ensures It Can Be Sold

The 8LNDS token is not backed by company assets and does not have a fixed price. It is not an investment product and does not provide legal guarantees of returns. In the context of the Maclear bonus system, "backed" means something specific: Maclear ensures that tokens received as bonuses can be sold in exchange for USDC, rather than remaining a virtual balance with no real monetary value.

What the 8LNDS token is and is not

The 8LNDS token is a marketing and technical element of the Maclear bonus system. It cannot be purchased — either through the Maclear platform or through third-party services. The only way to receive 8LNDS tokens is as a reward through the bonus systems of Maclear or 8lends. The token price is determined by market conditions and may change. Maclear does not guarantee any specific price or return.

Token data is publicly verifiable:

— Blockchain: Base

— Ticker: 8LNDS

— Initial supply: 100,000,000 tokens

— CoinMarketCap: coinmarketcap.com/currencies/8lends

— BaseScan (contract): basescan.org/token/0x55F9C8992fc4AbCE5ACa585bf8F18284a2379D4C

How Maclear ensures the token can be sold

When users accumulate bonus points and a Snapshot runs, the Reward System smart contract needs to assign tokens to users. To do this, it executes a three-step process called buyback → burn → mint.

Step 1 — Buyback: the smart contract uses funds allocated by Maclear to purchase 8LNDS tokens on the open market. The purchased tokens move to the contract. Total supply remains unchanged; circulating supply decreases by the purchased amount.

Step 2 — Burn: the purchased tokens are permanently removed from existence. After the burn, both the total supply and the circulating supply are lower by the burned amount.

Step 3 — Mint: the smart contract issues exactly the same number of new tokens that must be distributed to users as bonuses. These tokens are assigned to users, stored in the Reward System smart contract, and distributed gradually through vesting. After minting, the total supply returns to its prior level. The circulating supply is restored to 100,000,000, since the newly minted tokens — although held under vesting on behalf of users — count toward circulation.

The result is that users receive real tokens that exist on the Base blockchain — not internal platform points — and can be exchanged through the platform interface for USDC.

Why the circulating supply stays constant

New tokens are minted only after an equal number have been burned. This means the bonus system does not add tokens to market circulation — it replaces existing circulating tokens with freshly minted ones assigned to users. The circulating supply is restored to 100,000,000 after each cycle, and the bonus program does not create inflationary pressure on the token price.

What this means for the user

The buyback → burn → mint mechanism operates fully automatically through the Reward System smart contract, without manual involvement from Maclear. The user does not interact with this process directly. The practical outcome is that tokens received through the bonus system represent a real blockchain asset that can be exchanged for USDC, not a virtual credit that exists only inside a platform database.

Maclear AG, registered in Switzerland, member of PolyReg SRO, a self-regulatory organization supervised by FINMA.