Lumerin token Public Sale: Results and next steps
Over $15 million raised thanks to our wonderful community
Dear Lumerin community,
After lots of hard work, we are happy to share the results of the Lumerin token Public Sale.
We have no words to express how grateful we are to you for your company, support, and being a part of our community.
The support and interest you’ve shown us means a lot. It tells us that we’re moving in the right direction and pushes us to keep working harder than ever on developing the Lumerin Protocol.
In this article you’ll find:
- The sale’s final results.
- Relevant information about Lumerin token allocation updates.
- Next steps on the project.
Lumerin Public Sale results
The Lumerin token sale successfully ended on December 8, 2021, selling over 43,000,000 (43 million) tokens with the highest token sale price of $0.45 per token.
After a week of ongoing sale, we raised $15,748,727.
The response from the community was incredible, and according to the Tokensoft team, we were their fastest project to reach $10,000,000 in sales. We couldn’t have done this without you!
The funds raised from the Lumerin Public Sale will support ongoing marketing and growth of the Lumerin network.
Lumerin has had a phenomenal year. We continue to add strategic partners, key talent hires, and make significant developments to the underlying protocol and network that is slated to launch in 2022.
Lumerin token allocation
We will return all unsold Lumerin tokens to the community allocation tranches. In other words, these tokens will constitute rewards for community events, development grants, mining programs, and so on.
We made this decision to make sure that those Lumerin tokens remain in the hands of our community, as it was always intended. Please refer to the graphic below for information on the release schedule.
If you successfully purchased Lumerin tokens on the public sale, you will receive or be able to claim them according to the option selected.
Just as a reminder, these were the different options available during the sale:
- 15% unlocked upon token launch.
- Remaining 85% of the tokens are locked up for 2 months.
- Vesting: Over the following 4 months, releasing 21.25% per month.
- Total lock-up until 100% released: 6 months.
- 25% unlocked upon token launch.
- Remaining 75% of the tokens are locked up for 1 month.
- Vesting: Over the following 2 months, releasing 35.5% per month.
- Total lock-up until 100% released: 3 months.
- 100% unlocked upon token launch.
- No vesting or lock-up periods.
Now that the sale period is over, the next step is the token launch.
Initially, Lumerin will launch as an ERC-20 token. As our platform grows and increases in usage, we will migrate to our own blockchain network: the Lumerin Protocol.
Estimated date for Token Generation Event (TGE): Q1 2022.
We’re working tirelessly to ensure the token launch is as smooth and swift as possible.
The Lumerin token is an essential aspect for the Lumerin Protocol, especially for the Lumerin Hashrate Marketplace.
The marketplace will enable individuals to buy and sell proof-of-work hashpower in a decentralized manner for the first time ever.
For more technical information about the Lumerin Hashrate Marketplace, please refer to the following site:
In the coming days, we will release further information about the Lumerin Protocol, how it works, and how it can help the mining ecosystem — all powered by the Lumerin token.
We recommend that you start with the Lumerin website and the video below:
Crypto mining companies are driven by factors such as cheap electricity, favorable regulation, and stable…
Once again, we want to thank you all for your incredible support, interest, and trust. The growth we’ve seen in the last few weeks is beyond words.
As we’ve always said, we want the Lumerin Protocol to be a community-driven network, and seeing this response from the crypto space is a huge confirmation that we’re on the right track.
However, we believe that the larger our community, the bigger our responsibility. That is why we’ll do our greatest efforts to hold up to your expectations and build the best decentralized hashrate commoditization network in the entire crypto ecosystem.
Do you have any questions?
You’re welcome to join any of our social channels and clear any doubts you may have. You’ll be received by a dedicated team and a friendly community, ready to answer all your questions right away.