🤟Stage1 - "AA1" Pool

The stage1 enables the community to accumulate an assignment of native $LMN tokens which can be utilized in the second stage merged staking ISPO.

The first stage of Lumino ISPO is a method designed to enable ADA delegators to be rewarded in $LMN and involves Lumino Public Stake Pool set with a 99% pool margin.

The “AA1” stake pool is configured to a 99% margin, meaning 99% of the ADA rewards per epoch minus pool operating costs are pool fees that go towards funding Lumino project liquidity provision in the form of ADA.

Participants of the initial offering can delegate any amount of ADA to the “AA1” stake pool for any chosen duration of the offering. Also, they can unstake their ADA at any time. $LMN token rewards are calculated for each Epoch (5 days).‌

Rewards from stage 1 are accrued and distributed after the Lumino Token Generation Event (TGE).

Lumino ISPO Stage1 Basics:

• Stage1 Stakepool: (AA1)

• ISPO Token Allocation: 500,000 $LMN

• Basic Reward: 1000 Staked ADA = 0.5 $LMN per epoch

• Duration: 30 epochs, ≥ Epoch 366 - ≤ Epoch 396

• Stage1 start on: 27, Sep, 2022, ≥ Epoch 366

• Stage1 end by: 24, Feb, 2023, ≤ Epoch 396

• Reward Bonus: Early staking & Epoch Duration

For the stage1 ISPO rewards, please check Space "ISPO Rewards-stage1".