LunArt IDO Details & Rules

GameSwift
3 min readMar 24, 2022

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With a lot of new IDOs coming to StarTerra very soon, our next IDO with LunArt will be taking place in just 4 days from when this article is written from 13:00 UTC 28/03 to 13:00 UTC 30/03 running for a total of 48 hours. But as always before you invest, get to know the project first!

So, let’s have a quick reminder about what LunArt is about: LunArt’s primary vision and concept consists of being the first unique and established cross-chain launchpad as well as community driven platform for real and contemporary Art, created by artists, for artists. Simple but effective, right? But it’s not as easy as that! Behind the scenes is LunArt’s arsenal of features which make LunArt one of the most sophisticated NFT platforms to date

As mentioned, not only will LunArt act as a launchpad, but also come jam-packed full with integrated features to create a true community-driven NFT launchpad with a large variety of community oriented functionality. Delivered by a passionate 5-man team with extensive support from Loop Ventures, whose vetting process is thorough and requires high level of investigation, LunArt is very possibly the next big #Terra project to look out for!

With a lot of unique features such as NFT farming in reward for new ones, artist profiles, the ability to hire artists straight through LunArt and the list goes on and on! To get the full article covering the plethora of features LunArt has to offer, visit the links below.

Anyways, let’s get into the details!

IDO Details

Total Supply: 1,000,000,000

IDO Token Price: 0.018 $UST

Vesting: 10% TGE + 6 Month Linear Release

Platform Raise: 1,080,000 $UST

Token Ticker: $ARTS

Blockchain Network: Terra

Initial Token Circulation: 27,500,000 (Excl. Liquidity)

Initial Market Cap: 495,000 $UST (Excl. Liquidity)

IDO Rules

Recruits

Minimum STE: 250

Minimum Prefund: 150 $UST
Percentage of total allocation: 15%

Recruit tier allocation is 100% lottery

Faction

Minimum STE: 3000

Minimum Prefund: 400 $UST
Percentage of total allocation: 65% (Includes Squadrons)

Squadrons

Minimum STE: 500

Minimum Prefund: 150 $UST

WhaleCraft

Top 100 wallets across all Factions will receive a guaranteed allocation.
Percentage of total allocation: 20%

Please bear in mind, if you unfortunately didn’t receive an allocation, your prefund will only be unblocked whilst no IDOs are being processed.

How to Calculate STE:

StarTerra Energy(STE) = $STT(single asset) + ($STT-UST LP x 1.25)

For every 250 STE You receive 1 ticket for the lottery portion of the IDO!

With this amazing project on the horizon we at StarTerra were more than excited to share this one! We hope you agree with us on this truly forward thinking NFT driven platform. We wish everyone participating in this and all future IDOs good luck and thank you for choosing StarTerra as your launchpad of choice.

To the galactic art of LunArt and beyond!

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GameSwift

A one-stop ecosystem based on a web3 gaming-optimized chain. #GameChanger