Today, we are excited to announce that Lumoz, the modular compute layer and RaaS platform, will launch its mainnet and acquire TGE in one week.
A month ago, Lumoz opened the esMOZ token airdrop inquiry and launched the Lumoz OG NFT campaign. To date, over 3 million users have participated in airdrop inquiries and over 100,000 NFTs have been claimed. The scale of these activities and the large number of participants further demonstrates the community’s tremendous enthusiasm and support for the future development of Lumoz.
In this article, we’ll cover everything you need to know about Lumoz and essential details about the unforgettable TGE!
- Lumoz development journey
- TGE timeline
- MOZ Tokonomics
- Potential participation opportunities
- Conversion between esMOZ and MOZ
- The result
Lumoz development journey
Lumoz is a leading modular compute layer and ZK-RaaS platform with a total funding of $14 million. Participating investors include OKX Ventures, HashKey Capital, IDG, Web3port and Polygon.
In terms of market performance, since the launch of the testnet in May 2023, Lumoz has successfully completed three phases of the testnet: Pre-Alpha, Alpha and Quidditch. The platform has attracted more than 3 million users and supported more than 100 high-profile environmental projects, bringing Lumoz’s community to three million members.
From a technical perspective, Lumoz is at the forefront of the industry. Leveraging “one-click Layer 2 deployment” technology, Lumoz has provided technical services and support to more than 20 high-quality projects and Layer 2 platforms, including CARV, UXLINK, ZKFair, Merlin Chain, Matr1X and Ultiverse.
TGE timeline
With the massive airdrop and OG NFT campaigns beginning and ending, the Lumoz mainnet launch and TGE are fast approaching. We will also announce the listing timeline soon, so please stay tuned!
MOZ Tokonomics
On December 5, Lumoz announced Tokonomics for MOZ. The total supply of MOZ tokens is 10 billion, with 66% allocated to the community, ecosystem, nodes and miners. The initial circulating supply is about 11%. The token distribution is as follows: 25 for the zkProver network, 25 for zkVerifier nodes, 16% for early contributors, 18% for early investors, 10% for the ecosystem, and 6% for the community. MOZ tokens will be gradually unlocked over the next 10 years, after which the entire supply will remain in circulation without additional issuance.
MoreInfo: https://x.com/LumozOrg/status/1864688725273530507
Potential participation opportunities
Lumoz officially announced the esMOZ airdrop event on November 5th. The ESMOZ airdrop is 10% of the total supply and is valued at over $30 million based on a $300 million price tag. The airdrop includes Lumoz node owners, early Lumoz participants, Ethereum and Move ecosystem users including Layer 2 solutions such as Aptos and SUI, PoW testnet participants, and users of Lumoz ecosystem chains such as Merlin Chain, ZKFair, Ultiverse, and Matr1. are It has also conducted airdrops for high quality project partners and community users from Lumoz, CARV, UXLINK and other leading projects.
AirDrop Query Portal: https://lumoz.org/airdrop
- Lumoz OG NFT Events
Since launch, Lumoz OG NFT events have consistently dominated the rankings of major NFT markets, with a current base price of 15 USDT and claw units reaching 150 USDT at one point.
What makes the Lumoz OG NFTs special is that they allow users to unlock esMOZ and convert it to MOZ at a 1:1 ratio, giving an instant return of value. Currently, the official platform supports multiple channels for users to get NFTs for free.
Click to join: Lumoz OG NFT acquisition portal
- Lumoz zkVerifier node public sale
As a key component of the Lumoz network’s authentication layer, the zkVerifier node greatly facilitates the participation of ordinary users in the zero-knowledge (ZK) computing network, while taking on the main responsibility of ensuring the security of network data. Also picks up. Lumoz started selling nodes six months ago, and node holders are eligible to receive a variety of rewards, including 25% Lumoz Tokens, potential perks from 20+ ecosystem L2s, esMOZ airdrops, Lumoz OG NFTs, and more. . Currently 80% of nodes are sold and public sale and KOL node incentive programs are still open.
If you are interested, you can click here: https://node.lumoz.org/
Conversion between esMOZ and MOZ
Lumoz uses a dual-token economic model consisting of the functional token MOZ and the incentive token esMOZ. While MOZ is primarily used for transaction gas fees, resource usage, and similar purposes, esMOZ can be used to stake rewards, represent zkVerifier nodes, and convert them to MOZ. . Both tokens are an integral part of the Lumoz protocol. After the launch of the mainnet, esMOZ can be converted to MOZ under certain conditions. The conversion rate is 1:1 and the conversion usually requires a vesting period. However, users can bypass the lock-in period by using Lumoz OG NFTs for conversion. Upon completion of the conversion, a token is burned and the corresponding token is sharded. If a user converts esMOZ using OG NFT, the OG NFT will also be destroyed after the conversion is complete.
For more information on acquiring Lumoz OG NFTs, visit: https://lumoz.org/airdrop.
For users who do not use OG NFTs, the following standard conversion rules apply:
- Shortest conversion time: 30 days with a conversion rate of 1:0.25 (25%). The remaining 75% of esMOZ will be burned during conversion.
- Median conversion time: 90 days, conversion rate 1:0.5 (50%). The remaining 50% of esMOZ will be burned during conversion.
- Longest conversion time: 180 days, with 1:1 (100%) conversion rate.
The past is in the past. Currently, Lumoz is in the final stages of preparations and we hope everyone can take advantage of this last chance to be a part of the Lumoz ecosystem. It is not only an investment in the future but also the best choice to join the cryptocurrency technology revolution.
Those familiar with Lumoz will know that we have upgraded the Opside brand to Lumoz. The name Lumoz comes from the Latin word “Lumos” which means “light” or “shine”. JK Rowling’s bestseller Harry Potter In the series, “Lumos” is the magic used to illuminate the tip of a magic wand and create light. “Lumoz” has cleverly associated itself with ‘zk’ (Zero Knowledge Proof) technology by replacing the letter ‘s’ of ‘z’ with ‘z’. As a mainnet launch and TGE approach, we sincerely hope that Lumoz will be a beacon of light for ZK’s path, paving the way for widespread adoption of ZK-Rollups.
Now, let’s witness this miracle together!
This article does not contain investment advice or recommendations. Every investment and trading venture involves risk, and readers should do their own research when making decisions.
