Final Illuminat (LUM) token emission structure

Illuminates Official
2 min readSep 12, 2019

On the Illuminates platform is planned to issue 100,000,000.00 tokens, the classification of which will look like this:

  • Advisers 1.00% — 1,000,000.00 tokens
  • Bounty 2.00% — 2,000,000.00 tokens
  • Team 15.00% — 15,000,000.00 tokens
  • Crowdsale 82.00% — 82,000,000.00 tokens

The total number of tokens allocated to crowdsale are 82,000,000.00. The crowdsale will consist of 3 rounds, with each subsequent round the price of the token will increase.

Round 1. Total: 6.00% — 4,920,000.00 tokens

Features

Stage 1: 675,000 tokens. Early investors have the opportunity to receive a bonus along with the purchase of tokens. The special price for the first stage of the 1st round is 1 ETH = 3000 LUM (standard token price will be 1 ETH = 1000 LUM).

Stage 2: 900,000 tokens. The special price of tokens in the second stage of the 1st round is 1 ETH = 2000 LUM (standard token price will be 1 ETH = 1000 LUM).

Stage 3: 3,345,000 tokens. At the third stage, tokens can be purchased at a standard price of 1 ETH = 1000 LUM.

As you can see, the special bonus with each stage becomes fewer. At the first stage, the bonus is 300%, at the second — 200%, at the third — tokens are purchased at the standard price without a bonus.

Round 2. The total number of 34.00% — 27,880,000.00 tokens.

Features

All unsold tokens of the first round go to the second round.

The token sale format is IEO. LUM Tokens can also be purchased directly through the official website https://illuminates.org/. The number of stages of the second round will be known after the launch of the first stage.

A feature of the second round is the price increase as tokens are sold. After selling every 60,000 tokens, the standard price of the token increases by $ 0.02. Thus, the minimum cost of tokens at the initial stage of the second round will be 1900 LUM for 1 ETH, every 278,000 sold tokens, their distribution will decrease by 10 for each broadcast, which means that by the end of the round 900 LUM will be 1 ETH.

Round 3. Total: 60.00% — 49,200,000.00 Tokens

Features

In the third round, the sale of Illuminates tokens will be organized in an auction format. In total, 3 rounds of the auction are planned. Every day for 31 days, 100,000 tokens will be sold, with a pause for 1 month after each round. More information about the conditions of the auction is presented in WP.

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Illuminates Official

Illuminates is a crypto-crowdfunding platform that specializes in developing and promoting startups since 2011, and since 2017 — ICO projects.