😎Lumino $LMN Tokenomics
Our ISPO (Stage1) has launched on epoch 366, with an initial allocation of 500,000 $LMN tokens. Here are further details about our $LMN token and tokenomics.
$LMN Token Utility
Governance
$LMN token is the heart of Lumino and our native utility token for the community and project infrastructure. With the $LMN token, users get a passcard to participate in all our products. Token holders will be able to vote on product features, and token utility, and even decide which projects get to be featured by Lumino.
Stake for IDO
Users can stake $LMN tokens on our Launchpad Staking section to earn POINTs without the risk of missing their principal inputs. With POINTs, users can participate in IDO via the investing function of our launchpad. In this sense, the staking of $LMN tokens is the pathway to IDO.
Merge staking Rewards
$LMN token is the reward payment token of Lumino ISPO Stage1 + Stage2. The ISPO stage1 enables the community to accumulate an assignment of native $LMNtokens which can be utilized in ISPO stage2-merged staking. With the merge staking protocol, users can delegate ADA to ISPO merge staking pools, and at the same time, merge stake the $LMN token they earned from stage 1 ISPO or bought from exchanges to Lumino launchpad to earn excessive $LMN token rewards on top of ADA.
Liquidity mining
To incentivize participation in the daily token pools, we are going to launch a liquidity mining program with the DEX going live. The way this distribution will work is simple, everyday $LMN token will be distributed to all liquidity providers on a pro-rata basis. Liquidity providers can claim their reward after 24 hours and will have 7 days to claim their reward token. Unclaimed tokens will be sent back to the rewards pool for later distribution. The exact reward structure will be revealed when DEX goes live.
$LMN Token Tokenomics
Token Supply and Initial Market Cap
Total Supply: 100,000,000
Initial Circulating Supply: 7,128,000
Initial Market Cap: USD 2,138,400
Token Distribution
Private Sales — 11.93% Private round
Public Sales — 2.05% Public round targeting any interested individuals
Liquidity — 1.02% Liquidity provision and liquidity mining
Marketing — 7% Marketing for Lumino, Building a stronger community and attracting new projects.
Partnerships — 9% Collaboration with Lumino
Ecosystem — 35% rewards and incentives for ecosystem growth
Team — 16% To motivate and compensate Lumino team members for their dedication
Advisors — 5% Advisory remuneration for guiding Lumino towards the right direction with long-term goal
Legal & Compliance — 4%
Development — 9%
Token Sales
Private Sale
Price — $0.3 Fundraising — $3,500,000
Public Sale
Price — $0.5 Fundraising — $1,000,000
Token Vesting Summary
Private Sales 10% upon exchange listing, 3 months cliff followed by 15 months linear vesting (per block)
Public Sales 30% upon exchange listing, 6 months linear vesting thereafter
Liquidity 100% unblock
Marketing 5% upon exchange listing, 5% per month thereafter
Partnerships 5% upon exchange listing, 5% per month thereafter
Ecosystem Reserved for liquidity mining on DEX, money market, etc. 10% upon exchange listing, 2 years linear vesting thereafter
Team Reserved for the project team, 6 months cliff followed by 2 years linear vesting
Advisors 6 months cliff followed by 2 years linear vesting
Legal & Compliance Reserved for project compliance, 1-month cliff followed by 1-year linear vesting
Development 6 months cliff followed by 2 years linear vesting
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