ShimmerSea $LUM Fairlaunch
TLDR
ShimmerSea $LUM Fairlaunch, a launch strategy that puts the community and security first. Everyone can join to get the first $LUM ever minted and own the SMR-LUM liquidity Pool. NO pre-mint, NO pre-sale, NO pre-airdrop, NO ICO etc.
Total Fairlaunch cap is 12,5 Million SMR (~500k USD value). If that amount is reached early the Fairlaunch is closed. You enter the Fairlaunch with SMR and receive LUM-SMR LP.
$LUM Fairlaunch will have 3 Phases:
1. Whitelist phase:
– Starting on 14th of October at 8pm CET
– 24h duration
– Only whitelisted Lumi holders (Snapshot: 12.10.2023 — only Lumi NFTs in the wallet count!)
– Max cap per wallet: 50.000 SMR (~2k USD value)
2. Open phase:
– Starting on 15th of October at 8pm CET
– Duration 5 days
– Everyone can join
– No cap per wallet
3. Claiming phase:
– Starting on 20th of October at 8pm CET
– Ends when all SMR-LUM LP are claimed
– Claim your SMR-LUM LP
– Farming starts
The Fairlaunch can reach its cap already in the first phase. Trading of LUM-SMR will be enabled shortly after Fairlaunch closes.
Intro
ShimmerSea DEX was the first DEX to go live on ShimmerEVM! But until now only parts of the DEX were unlocked step by step. With the Fairlaunch of $LUM the ShimmerSea native reward token, the DEX will kickstart a new era!
LUM will be launched via a Fairlaunch event. A launch strategy that puts the community first! This means that no $LUM tokens have been minted yet and there has NOT been any distributed to users/community via ICO, private sale or pre-airdrops. The LUM one can obtain through the Fairlaunch are the very first LUM ever minted!
How does it work?
For the Fairlaunch 500.000 LUM will be minted and locked in the Fairlaunch SC. Afterwards everyone can enter in two phases with SMR into the Fairlaunch Event. With this approach all initial liquidity is distributed to the community and is not owned by the Bluelabs Team nor by ShimmerSea DAO. This diversified ownership approach increases the security significantly and excludes the possibility of a rug pull.
The maximum cap for the Fairlaunch is 12,5M SMR (~500k USD value). If this cap is reached before the end of the Fairlaunch the Fairlaunch closes early.
How can I participate?
The Fairlaunch consists of 3 phases.
The first phase is the Whitelist Phase, which starts on the 14th of October 2023! This phase lasts 24 hours and only whitelisted #Lumi NFT holders can enter the $LUM fairlaunch with a maximum of 50.000 $SMR (~2000 USD value) tokens per whitelisted wallet. In order for your wallet to be whitelisted the wallet needs to hold a LUMI NFT on the 12th of October 2023, when we will do a snapshot.
The second phase is the Open Phase, which starts on the 15th of October and ends on the 19th of October! Everyone can join the second phase of the Fairlaunch and there is no maximum cap per wallet. This phase takes a maximum of 5 days.
The third phase is the Claiming Phase, which starts the latest on the 19th of October! In this phase you can claim your SMR-LUM LP tokens. This phase will last until everyone has claimed their SMR-LUM LPs. After this phase farms will go live so you can take the opportunity to farm with your new LP token!
The $LUM Fairlaunch will catapult our community and the DEX to a completely new level! $LUM will launch on ShimmerEVM but will scale to IOTA EVM!
1 LUM on ShimmerEVM = 1 LUM on IOTA EVM
