Lumoz Announces Major Updates to Node Sales Structure and Launch Timeline

  • The cryptocurrency market continues to evolve with new updates coming from various projects.
  • Recent adjustments made by Lumoz have garnered significant attention from investors and partners.
  • These changes are intended to provide a fairer and more beneficial structure for participants.

Discover the latest updates in the cryptocurrency world with Lumoz’s new node sale structure, aimed at enhancing user benefits and ensuring fair early participation.

Reasons and Objectives Behind the Changes

The modifications in Lumoz’s node sale structure are driven by several core objectives:

Provide Reasonable Valuation: The adjustments aim to keep Lumoz’s valuation within a reasonable range and prevent excessive inflation.
Increase Potential Returns for Regular Users: The changes are designed to allow regular users to achieve higher potential rewards.
Ensure Fair Early Participation Opportunities: To enable everyone, including individual users, to participate early.

Revised Node Sale Structure

Total Number of Nodes: Reduced from 200K to 100K, doubling the earnings per node.
Tiers: Reduced from 50 to 10, with the final Tier 10 value not exceeding $290 million.
First-Come, First-Serve: Sales will continue on a first-come, first-serve basis until all nodes are sold.

Key Timelines

Pre-Sale: Begins on June 17 at 15:00 (UTC+8).
Whitelist Sale: Starts on June 25 at 15:00 (UTC+8).
Public Sale: Opens on July 3 at 15:00 (UTC+8).

Pre-Sale Details

Access: A special invitation code is required to enter the pre-sale page.
Pre-Sale Link: https://node.lumoz.org/
Deposit Requirement: Users must pay a 20% deposit to lock in the current node tier, which is non-refundable. The remaining balance must be paid before the public sale on July 3; otherwise, the node will be forfeited and moved to the public sale.

Whitelist Sale

Eligibility: Only users on the whitelist can participate.
Process: Begins immediately following the pre-sale on a first-come, first-serve basis starting from the current tier.
Public Sale: Open to the entire global community until all nodes are sold.

Node Licenses Details

Testnet Node Licenses: Successful node buyers will initially receive node licenses as NFTs on the Sepolia testnet, allowing them to participate in Lumoz’s scoring activities.
Mainnet Node Licenses: Once the Lumoz mainnet is launched, mainnet node licenses will be issued. Owners can either run the nodes themselves for rewards or delegate them to official or third-party node providers.
Transferability: Mainnet node licenses can be traded or transferred six months after issuance.

Refund Policy

To safeguard the rights of the global community users, a refund mechanism has been established:
Refund Window: Opens six months after TGE. The duration of the window will be determined.
Refund Conditions: Users dissatisfied with their purchase can request a refund, receiving 80% of the initial payment back, and all generated tokens and NFTs must be returned.

Additional Information

Participation Networks: Users can participate via Arbtrium, BNB Chain, ZKFair, Merlin, etc.
Supported Currencies: USDT, USDC, BTC, ETH, BNB, ZKF.
ZKFair Discounts: Starting from the pre-sale phase, ZKFair will release 200 daily purchase slots, offering a 10% discount for payments made in ZKF.
Lumoz Scoring Event: Starting from June 25, a 40-day event will distribute 40 million Lumoz points, awarding 1 million points daily to successful node buyers. These points can be exchanged for Lumoz mainnet tokens after the launch.

Conclusion

The recent changes to Lumoz’s node sale structure are designed to enhance the value and benefits for all participants, ensuring a fairer and more rewarding experience. With the upcoming sales and the adjustments made, Lumoz aims to create a more sustainable and inclusive environment for its users. As always, investors are encouraged to conduct their own research before making any decisions.

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Jocelyn Blake
Jocelyn Blakehttps://en.coinotag.com/
Jocelyn Blake is a 29-year-old writer with a particular interest in NFTs (Non-Fungible Tokens). With a love for exploring the latest trends in the cryptocurrency space, Jocelyn provides valuable insights on the world of NFTs.
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