The Good Tech Companies - Lumoz Node Sale Updates: Ensuring Fair Valuation and Equal Opportunities

Episode Date: June 15, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/lumoz-node-sale-updates-ensuring-fair-valuation-and-equal-opportunities. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #lumoz, #zkverifier, #lumoz-node-sale, #buy-zkverifier-nodes, #lumoz-news, #good-company, #lumoz-presale, 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 Lumoz node sale will begin on June 17th and end on July 3rd. Sales will proceed on a first-come, first-served basis until all nodes are sold. Lumoz will offer 40 million points to successful buyers with 1 million points awarded daily. The Lumoz mainnet launch will be on June 25th.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Lumos Node Sale Updates, Ensuring Fair Valuation and Equal Opportunities By Lumos, formerly Opside. After the node sale was announced yesterday, we received numerous inquiries and suggestions from global communities, VCs, and partners. They provided valuable feedback on Lumos' node sale. In light of this, we have decided to listen to these opinions and slightly modify the previous rules. Reasons and objectives for the changes Several key goals drive the modifications to the Lumos node sale structure.

1. Maintain a reasonable valuation. Adjustments aim to keep Lumos's valuation within a sensible range, preventing it from becoming overly inflated. 2. Enhance potential returns for ordinary users. Changes are designed to allow regular users to reap higher potential rewards. 3. Equal early participation opportunities. Ensuring everyone, including individual users, can participate early. Final rules. Adjusted node sale structure. Total nodes. Reduced from 200k to 100k. Increasing each node's earnings by 100%. Tiers. Reduced from 50 to 10, with the final tier 10 valuation not exceeding $290 million. First come, first served. Sales will proceed on a first come, first served basis until all nodes are sold. Equals equals key timelines. Equals equals equals equals pre-sale equals equals equals equals.

Begins on June 17th at 3 p.m. UTC plus 8 equals equals. Equals equals whitelist sale equals equals equals equals. Starts on June 25th at 3 p. 3 pm UTC plus 8 public sale opens on July 3 at 3 pm UTC plus 8 pre-sale details access a special invitation code is required to enter the pre-sale page pre-sale page. Pre-sale link. https colon slash slash node

dot lumos dot org slash. Deposit requirement. Users need to 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 3rd, or the node will be forfeited and moved to the public sale. Whitelist sale. Eligibility. Only users with a whitelist can participate. Process. Follows the pre-sale, starting from the current tier, on a first-come, first-served basis. Public sale. Accessibility. Open to all global community users until all nodes are sold. Node licenses details. Testnet node licenses. Successful node buyers will first receive node licenses as NFTs on the Sepolia testnet, allowing them to participate in Lumos's points activity. Mainnet node licenses. Upon Lumos mainnet launch, node licenses will be

issued on the mainnet. 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 after six months. Refund policy. To ensure the rights of global community users, we have established a refund mechanism. Refund window. Opens six months after the whitelist sale begins on June 25, 2024. The duration of the window is to be determined. Refund Terms If dissatisfied, users can request a refund, receiving 80% of the initial payment back. All tokens and NFTs produced must be returned. Additional Information

Participation Networks Users can participate via Arbtrium, BNB Chain, ZK Fair, Merlin, etc. Supported currencies. USDT, USDC, BTC, ETH, BNB, ZKF. ZK Fair discounts. Starting from the pre-sale phase, ZK Fair will release 200 purchase slots daily and offer a 10% discount for payments made with ZKF. Lumos Points Event. Starting June 25, the 40-day event will distribute 40 million Lumos points, with 1 million points awarded daily to successful node buyers. Upon launch, these points can be exchanged for Lumos Mainnet tokens.

Disclaimer. Before purchasing ZK Verifier nodes, users should read and understand all related documents and information, including the technical white paper and user guide, Toneshare comprehensive product knowledge. Users must confirm their capability to bear investment risks and assess their situation before participating. Purchases should be voluntary and free from coercion or misleading influences. Users assume responsibility for any losses incurred post-purchase, and we are not liable for losses resulting from market fluctuations, technical issues, or other factors. Lumos Official Links Website, https colon slash slash lumos dot org

Twitter, https colon slash slash twitter dot com slash lumos org Twitter. Discord. Thank you for listening to this Hackernoon story, read by Artificial Intelligence. Visit hackernoon.com to read, write, learn and publish.