📝ISPO FAQ
Frequently asked questions from Lumino community
What is ISPO? What can I get from Lumino ISPO?
ISPO means Initial Stake Pool Offering, which is an initiative way for investors and the community to support Lumino using the Cardano blockchain. Users who wish to participate in Lumino ISPO can delegate their ADA to the Lumino Public Stake Pool-"AA1" or Lumino Merge Stake Pools to get $LMN tokens as a reward with minimal risk.
Which wallets can be used to participate in Lumino ISPO?
All wallets that support ADA delegation can participate in Lumino ISPO, such as Nami, Yoroi, Eternl, Flint, and Moonstake.
Is there a minimum amount I need to delegate?
10 ADA.
Are there any fees for delegating?
Yes. When staking you pay a transaction fee (roughly 0.17 ADA) to create and sign your stake key. There is also a 2 ADA deposit which you get back when you unstake.
Where can I see my total ISPO reward allocation?
You can view your specific ISPO rewards via our calculator tool.
When and Where can I claim my ISPO rewards?
After TGE, you can claim your $LMN rewards or merge staking rewards on our ISPO website.
Can I wait for my ISPO rewards to accumulate and claim them all at once?
Yes, you can accumulate and claim your total rewards in one transaction.
What are the utilities of $LMN?
$LMN token is the heart of Lumino, which acts as a governance token and native utility token for the community and project infrastructure.
It can be used for participating in the IDO, staking to earn, and being issued for liquidity rewards, and lending.
Any user who holds $LMN tokens can participate in ecosystem governance by voting on token utility and product function changes, additions, and deletions.
Where can I find Lumino listed merge staking pools?
You can check all Lumino merge staking pools via the link below.
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