Lumi Utility Deep Dive

The ShimmerEVM is bustling with activity, and the very first NFT inhabitants are the Lumis! Lumis are the very first NFT collection minted on ShimmerEVM. With that, Lumis are the true pioneers who discovered this new, untouched land! How were they the first?

Lumis may look small and cute, but don’t make the mistake of underestimating them! Together, they form a uniquely strong community of successful risk-takers! Beyond their vivid and aesthetic visuals, Lumis have therefore been steadily claiming a space of their own in the world of Decentralized Finance (DeFi). This article delves into the unique utilities that Lumis bring to their fortunate holders.

What are Lumis?

Lumis are not just any ordinary Non-Fungible Tokens (NFTs). Lumis were, until the launch of ShimmerEVM, never bought or sold! They are symbols of friendship, distributed to community members who have been with ShimmerSea for years now. Every Lumi embodies a promise, made and delivered upon by a friend. A beacon of trust in a trustless crypto world. Born from the deep liquidity of ShimmerSea and native to the very first DEX deployed to ShimmerEVM, they are the inhabitants of one of the most prosperous regions in the vast expanse of ShimmerEVM: a buzzing centrepiece of the new promised land. With ShimmerEVM, collectors can now buy, sell, or trade Lumis at the ShimmerSea NFT Marketplace. But think twice before selling a friend!

Utility of Lumis

1) Access to the $LUM Fair-Launch and More:

Lumis are the inhabitants of ShimmerSea! As such, all Lumi holders will be granted a whitelist spot for the Fair-Launch of $LUM. With a Whitelist spot, Lumi holders can join 24 hours earlier and secure a spot. Afterwards, the floodgates are opened, and it’s first come, first serve! $LUM is not like other ecosystem tokens. At the fair-launch, the very first $LUM ever minted will be available! There was no $LUM pre-sale, no airdrop, no VC funding in short -> no sell pressure! But $LUM is not the only fair launch planned on ShimmerSea. Many other large projects are planning fair launches on ShimmerSea. If you hold a Lumi, you hold a privileged position!

2) Special Staking Pools:

As inhabitants of ShimmerSea, Lumis know how to get an edge on the DEX! It’s always beneficial to travel with a local. Having a Lumi in your wallet grants the holder access to exclusive staking pools. Thus, Lumis are not just great for the start of ShimmerSea but will continue to benefit their holders.

3) LUMI Treasury:

The total supply of Lumis is 3,333. To date, 2513 Lumis were earned through various activities. This means that there are still 820 Lumis in the treasury. What happens to this treasury will be decided by the Lumi holders themselves. Want to create a fun event incentivized with a Lumi? Just vote for it! Want to open liquid NFTs for Lumis? Just vote for it! Owning a LUMI means having a voice in one of the strongest communities on ShimmerEVM.

4) Digital Collectibles:

At their core, Lumis serve as digital collectibles. Their intricate designs, varied rarities, and the stories they tell make them sought-after assets in the digital art world. All Lumis hold the same utility, but not all Lumis are created equally! Each Lumi is unique. You will never find two identical Lumis. With super rare Lumis like the Lumi Pirate, Lumi Bot, or the golden, bronze, and silver Lumi, the collection also embodies special moments during the ShimmerSea development. If you want to see how rare your Lumi is, take a look here:

https://lookerstudio.google.com/reporting/8d904372-425c-49ec-95fa-8b2e6be430fe

Conclusion:

Lumis are more than just NFTs. They symbolise promises kept, friendships earned, and embody a community that stands firm through all market conditions. They were the first-ever minted NFT collection on ShimmerEVM — the pioneers of the space. Lumis are the native inhabitants of ShimmerSea and therefore come packed with a wealth of utility: whitelisting spots for the LUM Fair Launch and more, exclusive staking pools, and a treasury of Lumis.

Lumis are friends that keep on giving — friends you should think twice before parting with.