Lumerin Public Token Sale is ready to launch!
*UPDATE: The Public Sale is officially OVER! We want to thank everyone who joined us and participated in the sale. To check out the results, please visit https://medium.com/lumerin-blog/announcing-the-lumerin-token-public-sale-results-701eb28d9421.
We are pleased to announce that the Lumerin Public Sale is now ready to launch. We want to deeply thank all of you for your interest and support in this ambitious project.
However, we’re far from over. We are now actively moving forward and creating a global marketplace for Bitcoin hashpower and proof-of-work mining pools.
TL;DR:
- The public sale was a 7-day sale for 90 million Lumerin tokens that took place between Wednesday December 1, 3:00:00 PM (UTC) to Wednesday, December 8, 2:59:59 PM (UTC).
- Prior to the sale, participants formed a line and then the order to buy tokens was assigned at random. According to the randomized order of the queue, the sale of tokens was on a first-come, first-served basis.
- There were three different tranches of tokens at $0.25, $0.35, and $0.45 with varying lockups and vesting schedules. Individuals were be able to choose the one they prefer.
Read more about the Lumerin Protocol on our whitepaper.
Lumerin Public Sale format
The public sale was a 7-day sale for 90 million Lumerin tokens — 9% of the total supply. The sale took place between Wednesday December 1, 3:00:00 PM (UTC) to Wednesday, December 8, 2:59:59 PM (UTC).
We used the Tokensoft platform, which offers the community a fair and transparent option to buy Lumerin tokens.
- Prior to the sale, participants formed a line and then the order to buy tokens was assigned at random.
- According to the randomized order of the queue, the sale of tokens was on a first-come, first-served.
- We chose this method because of Tokensoft’s enormous reach and influence in the crypto community.
Participation
Only users who whitelisted their wallet addresses and followed the KYC procedures were able to participate in the sale. This article has more information on the whitelisting process, and check our information below:
The KYC results and participation eligibility were notified to all users via email. Accepted participants also received a heads-up 24 hours before the sale started.
Step by step
- First, take care of the necessary whitelisting and KYC first.
Individuals from the following countries were not eligible to participate in the token sale: United States of America, Afghanistan, Belarus, Burma, Burundi, Canada, Central African Republic, Côte d’Ivoire, Crimea Region, Cuba, Democratic Republic of the Congo, Democratic People’s Republic of Korea, Eritrea, Haiti, Iran, Iraq, Kyrgyzstan, Laos, Lebanon, Liberia, Libya, Myanmar, North Korea, Palestinian Territories, Peoples Republic of China (PRC), Rwanda, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Venezuela, Yemen, Zimbabwe.
- An email was sent from Tokensoft 24 hours before the Lumerin token sale opened.
- Only use the official sale site.
Not sure if you qualified? You would have received an email, but you also had the option to log into https://tokensale.lumerin.io/ with your onboard.tokensoft.io email and password.
- Patiently and carefully complete the payment flow.
- Registrants coudl choose between the different tranches/options according to their preferences. Details below.
We strongly recommended:
- Arrive with some time to spare to be ready for when the sale starts. A 30 minutes head start should be enough to reduce waiting times and avoid any problems caused by unexpected issues.
- Double check every option selected and all the information entered, especially wallet addresses.
- Make sure you had enough funds in your wallet for the purchase and ETH gas fees.
- Use only one email, device, browser window, and payment in the process.
- Don’t use a mobile device for the sale. The experience is much smoother and faster on a PC/Mac desktop.
Key times and dates
- Public Sale start time: December 1st at 3:00 PM UTC / 10:00 AM EST.
- Public Sale end time: December 8th at 2:59 PM UTC / 9:59 AM EST.
Everyone was be invited to the main public sale event including KYC verified Tokensoft community members.
Payments
Individuals were able to provide payment in the following coins/tokens:
- USDT
- USDC
- ETH
- DAI
- DOT
MetaMask and/or WalletConnect connection:
- The wallet you connected to pay from must be unique to you. If it is associated with any other email address in the Tokensoft system, you will receive an error. Exchange and other custodial wallets are not supported.
- You must have had enough funds in your wallet for the payment and ETH gas/transaction fees prior to connecting your wallet.
- You can use the recommended ETH gas amount or speed up the transaction with more. We do not recommend that you lower the ETH gas price, as your transaction may fall through.
Special considerations regarding payments:
- Lumerin token receive address: The address you use to pay for Lumerin tokens is ideal as the address that will receive the Lumerin also. You can, however, enter another one.
- Direct payments to our contract outside of Tokensoft are not recoverable and will result in lost funds.
- Payments directly from exchanges are not supported and will result in lost funds.
Tokensoft tranches
There are three different tranches of tokens at $0.25, $0.35, and $0.45 with varying lockups and vesting schedules. Individuals will be able to choose the option they feel most comfortable with according to their preferences.
Please refer to the table below for details:
*Tokens will become available after the Public Sale, at the Lumerin token launch.
All tranches were sold concurrently (in parallel) over 7 days. The minimum purchase for any of the tranches will be $1,000.
Once you are let in to the Lumerin token sale, you will have 30 minutes to participate in one of the tranche options. If you want to participate in a different tranche option, you just need to navigate back to your profile and select the other option you would like. Each tranche option requires a separate transaction.
Tranche/Option 1
- Price: $0.25 per token
- 15% unlocked upon token launch (after Public Sale)
- 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
This tranche has a lower price, higher maximum, and the longest lockup — this is to ensure a healthy token release schedule for the community.
Tranche/Option 2
- Price: $0.35 per token
- 25% unlocked upon token launch (after Public Sale)
- 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
Tranche/Option 3
- Price: $0.45 per token
- 100% unlocked upon token launch (after Public Sale)
- No vesting or lock-up periods
- Purchase cap: $10,000
This tranche has the highest price and no lockup but each individual is capped at $10,000 to ensure a healthy release schedule for the community. Please be aware of the minimums and maximum purchase amounts.
We will not be issuing refunds for any amount below the minimum and above the maximum. Any amount sent below or above the maximum will be sent directly to Lumerin’s Corporate Treasury. A snapshot of ETH prices will be taken on a per hour basis.
Sale conclusion
The Lumerin Protocol project will provide a significant boost to our development effort of Lumerin as an open source project. As a direct consequence of this token sale we have gained a number of strategic partners that will help us to further develop this technology. If any tokens remain unsold at the end of the auction, they will be returned to the Community Development and Marketing tranche.
Total circulating supply
Total circulating supply of 1 Billion tokens will be released over the course of 10 years.
Do you have any questions?
All Lumerin token sale questions will be addressed via the Lumerin Telegram channel. In case you need help, remember:
- Do not accept any help from anyone except the admins.
- Do not respond to direct messages.
- Do not follow any unusual links or emails.
- Please, be patient with the team.
For more information, you can read our whitepaper or go to the Lumerin Token Sale page:
You can also check out the Tokensoft FAQ.
