Did Somebody Say Staking? Announcing the Next Lumerin Staking Pool Launch

Dear Lumerin Community,

We are excited to announce the launch of the next phase of our staking program, set to go live on November 1st, 2024.

After the success of the initial Lumerin staking pool, we are proud to introduce a brand new opportunity for the community to receive MOR tokens by contributing to the success of the Lumerin-Morpheus collaboration to build a decentralized AI ecosystem.

This staking pool will feature a total distribution of 1,500 MOR, allocated proportionally among participants based on their staking duration and contributions.

With even more rewarding incentives, this pool is designed to encourage both short-term participation and long-term commitment to the project.

Staking Period Options and Multipliers

For this staking round, we’ve slightly altered the lock-in periods to add flexibility and increase weighted multipliers.

Note: For a more in-depth explanation of how weighted multipliers work, please refer to the previous article.

Remember, the weighted multiplier system is designed to reward loyalty and long-term engagement. The longer you stake, the higher your reward multiplier will be, allowing you to earn a larger share of the 1,500 MOR distribution.

This ensures that every participant gets a fair and proportional return based on their staking commitment.

Key Details and Reminders

• Once a staking deposit is made, it cannot be altered. However, you can make additional deposits with separate lock-in periods.
• Users can withdraw their earned MOR tokens at any time during the staking period, but the staked LMR tokens will remain locked until the chosen lock period expires.
• At the end of the lock period, you can unstake your LMR or leave them staked to continue receiving tokens at the same rate.

Maximize Your Staking Performance with Pre-Staking

In this upcoming staking pool, we will introduce a brand-new feature: Pre-Staking!

This allows participants to lock in their LMR tokens one week before the pool officially launches on November 1st, 2024. Once your tokens are locked, you don’t need to worry about manually joining the pool when it opens.

In other words, pre-staking enables you to secure your place in the staking pool in advance, ensuring your tokens will be automatically staked from the very first second the pool is activated on November 1st.

It’s a convenient, “set-and-forget” approach that guarantees you won’t miss out on a single moment of staking benefits.

To pre-stake, go to the Lumerin Staking website one week before the launch and follow the instructions.

Why Join the Lumerin Staking Pool?

The Lumerin staking program offers an excellent opportunity to become an integral part of our growing decentralized ecosystem.

When you participate, you’re not just receiving MOR tokens — you’re actively supporting the future of decentralized data routing and Web3 infrastructure.

Mark your calendars for November 1st and prepare to take advantage of the next Lumerin staking pool. Whether you’re staking for 2 weeks or 8 months, the opportunity to grow with the Lumerin and Morpheus Network communities is here.

Stay tuned for more updates, and if you have any questions, feel free to reach out in our Telegram group. Together, we continue to build the future of decentralized systems!

Visit the Lumerin Staking website for more information!

Warm regards,
The Lumerin Team