Lumiblocks Community Tokens
LUMI Community Tokens — Fuel for the Ecosystem
Lumiblocks community tokens or LUMI is a native ERC-20 Lumiblocks token built on Ethereum. Tokens are essential to power the ecosystem, rewarding developers and product creators, and giving holders unique premium access to future ecosystem products. In addition, a percentage of the profits from ecosystem projects will go to the treasury, where the community will decide where the funds will go. Lumi is a limited token, a total of 100 million tokens will be created, no additional supply of tokens is possible, which will ensure stable growth in the long term.
LUMIBLOCKS TOKEN METRICS:
Name: Lumiblocks community tokens
Ticker: LUMI
Platform: Ethereum
Type: Token (ERC-20)
Total Supply: 100,000,000 (100 million LUMI)
Additional Supply: No
Token Address: Not Deployed Yet
Token Distribution:
DAO — 70% (70,000,000 LUMI)
Sales — 18.5% (18,500,000 LUMI)
Foundation — 5% (5,000,000 LUMI)
Other — 3.5% (3,500,000 LUMI)
Bounty and giveaways— 3% (3,000,000 LUMI)
DAO. Tokens intended for DAO assume equable unlocking (linear unfreezing) of tokens for 7 years. Funds will come from smart contracts once a year, or when the community requests funding / support for projects.
Sales. Information about tokens planned for sale will be available later.
Foundation. 5% of the tokens required for the Foundation will be unlocked immediately, but they will not participate in determining the token price (these tokens will not participate in trading and determining the market value of the token for 4–12 months). They are necessary to attract the best developers and projects, to expand the ecosystem.
Other. Tokens in this category will be used in marketing and scaling the Lumiblocks Communities Platform, in operating expenses and more. These tokens will be reserved and unlocked, if necessary, with the consent of the community.
Bounty and giveaways. tokens will be distributed among the community through several bounty campaigns and various programs as a free airdrops, which will increase the reputation of the project among the community and increase the number of token holders, which will have a positive effect on the decentralization of the entire project.
The ecosystem architecture is built in such way that the token price will be directly proportional to the number and quality of projects and developers at all three layers, as well as the chosen direction of the ecosystem development (which depends only on the decision of the token holders). This means that the community will play the most important role in the construction and development of the project and the establishment of the token economy.
LUMI is a multipurpose and multifunctional tool for the first rapidly growing ecosystem.
Sale Structures, Tokenomics and other information will be published soon.
We’ll keep informing you about how it works, token, DAO and more, and you will find out soon. Stay tuned!
