The Good Tech Companies - Everything You Need to Know About the Lumoz Token Generation Event

Episode Date: December 6, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/everything-you-need-to-know-about-the-lumoz-token-generation-event. The modular compute layer & RaaS platform Lumoz will launch its mainnet and conduct the TGE within a week. Find all the details here! Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #tokenomics, #token, #lumoz-token-generation-event, #lumoz-tge, #lumoz-tokenomics, #lumoz-tge-timeline, #good-company, and more. This story was written by: @lumoz. Learn more about this writer by checking @lumoz's about page, and for more stories, please visit hackernoon.com. The modular compute layer & RaaS platform Lumoz will launch its mainnet and conduct the TGE within a week. Find all the details here!

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Everything you need to know about the Lumos Token Generation Event, by Lumos, formerly Opside. Today, we are excited to announce that the modular compute layer and ROS platform Lumos will launch its mainnet and conduct the TGE within a week. A month ago, Lumos opened S-MOS Token Airdrop Queries and launched the Lumos OG NFT campaign. To date, over 3 million users have participated in the airdrop queries, and more than 300,000 NFTs have been claimed. The scale of these activities and the large number of participants further demonstrate the community's immense enthusiasm and support for Lumos' future development.

In this article, we will provide everything you need to know about Lumos and the essential details about the unmissable TGE. Lumos Development Journey TGE Timeline Moz Tokenomics Potential Participation Opportunities Conversion between SMOS and MOS Conclusion Lumos Development Journey Lumos is a leading modular compute layer and ZK-ROS platform, with a total funding of $14 million. Participating investors include OKEx Ventures, Hashkey Capital, IDG, Web3 Port, and Polygon. In terms of market performance,

since the launch of its testnet in May 2023, Lumos has successfully completed three testnet phases, Pre-Alpha, Alpha, and Quidditch. The platform has attracted over 3 million users and gained support from more than 100 top-tier ecosystem projects, growing Lumos' community to 3 million members. On the technological front, Lumos remains at the forefront of the industry. Leveraging its one-click Layer 2 deployment technology, Lumos has provided technical services and support to over 20 high-quality projects and Layer 2 platforms, including CARV, UXLINK, ZKFair, MerlinChain, Matter1X, and Ultiverse. TGE Timeline With the launch and conclusion of the large-scale airdrop and AUG NFT campaigns, the Lumos mainnet launch and TGE are fast approaching.

We will also announce the listing timeline soon, so please stay tuned. Moz Tokenomics On December 5, Lumos announced the tokenomics 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 approximately 11%. The token distribution is as follows, 25% to the ZK Prover network, 25% to ZK Verifier nodes, 16% to early contributors, 18% to early investors, 10% to the ecosystem, and 6% to the community. Moz tokens will be gradually unlocked over the next 10 years, after which the entire supply will be in circulation, with no additional issuance. More info.

https colon slash slash x. com, lumos org, status, 1 quintillion 864 quadrillion 688 trillion 725 billion 273 million 530 thousand 507, potential participation opportunities. S-MOS airdrop query. On November 5, Lumos officially announced the S-Moz Airdrop event. The ESMOZ airdrop accounts for 10% of the total supply, valued at over $30 million based in a $300 million valuation. The airdrop covers Lumos nodeholders, early Lumos participants, users in the Ethereum and Move ecosystems, including Layer 2 solutions such as Aptos and SUI, POW testnet participants, as well as users from the Lumos ecosystem chains like MerlinChain, ZKFair, Ultiverse, and Matter1X. Additionally, Lumos

conducted airdrops for high-quality project partners and community users from CARV, UXLINK, and other prominent projects. Airdrop Query Portal. HTTPS://lumos.org. Airdrop, Lumos Aug NFT Events. Since its launch, the Lumos Aug NFT Events has consistently dominated the rankings on major NFT marketplaces, with the current floor price at 15 USDT in CLAW units reaching as high as 150 USDT at one point. What makes Lumos Aug NFTs special is that they allow users to unlock and convert these MOZ to MOZ at a 1 to 1 ratio, providing immediate value returns. Currently, the official platform supports multiple channels for users to obtain NFTs for free. Lumos Aug NFT Acquisition Portal.

https://lumos.org.augnft.lumos.zk Verifier Node Public Sale. The ZK Verifier Node, as an essential component of the Lumos Networkase Verification Layer, greatly facilitates ordinary users' participation in the Zero Knowledge computation network while also bearing the critical responsibility of maintaining the security of network data. Lumos launched node sales six months ago, and node holders are eligible for various rewards, including 25% of Lumos tokens, potential incentives from over 20 ecosystem L2s, S-MOS airdrops, Lumos OGNFTs, and more. Currently, 80% of the nodes have been sold, and the public sales and coal node incentive

programs are still open. If you're interested, you can click here, https colon slash slash node. Lumos.org, conversion between S-MOS and MOS. Lumos employs a dual-token economic model, consisting of the functional token MOS and the incentive token S-MOS. MOS is primarily used for transaction gas fees, resource usage, and similar purposes, while S-MOS can be used for staking rewards, delegating ZK verifier nodes, and converting into MOZ. Both tokens are integral to the Lumos protocol. After the mainnet launch, S-MOS can be converted into MOS under specific conditions. The conversion ratio is 1 to 1, and conversions typically require a vesting period.

However, users can bypass the lockup period by using Lumos AugNFTs for conversion. Upon completion of the conversion, one token is burned, and its corresponding token is minted. If a user converts S-MOS using an AUG NFT, the AUG NFT will also be destroyed after the conversion is completed. For more information on obtaining Lumos AUG NFTs, visit, http://lumosos.org airdrop. For users who do not use AUG NFTs, the following standard conversion rules apply. Shortest conversion period, 30 days, with a conversion ratio of 1 to 0. 25, 25%. The remaining 75% of SMAs will be burned during conversion. Medium conversion period, 90 days, with a conversion

ratio of 1 to 0.5, 50%. The remaining 50% of S-MOS will be burned during conversion. Longest conversion period, 180 days, with a conversion ratio of 1 to 1, 100%. Conclusion What is past is prologue. Currently, Lumos is in the final stages of preparation, and we hope everyone can seize this last opportunity to become a part of the Lumos ecosystem. This is not just an investment in the future, but also the best choice to participate in the revolution of cryptocurrency technology. For those familiar with Lumos, you'll know that we upgraded from the Opside brand to Lumos.

The name Lumos comes from the Latin word, Lumos, meaning, know that we upgraded from the Opside brand to Lumos. The name Lumos comes from the Latin word, Lumos, meaning, light, or, brightness. It is referenced in J.K. Rowling's best-selling Harry Potter series, where, Lumos, is a spell used to light the tip of a magic wand and create light. By replacing the, S, with, Z, Lumos, cleverly associates its elf with ZK, Zero Knowledge Proof, technology. With the mainnet launch and TGE approaching, we sincerely hope Lumos will become a beacon of light for the ZK track, illuminating the path for the widespread adoption of ZK rollups. Now, let us witness this miracle together. Thank you for listening to this Hackernoon story, read by Artificial Intelligence.

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