LunaFi is Launching on Starter!
LunaFi is a leading decentralized and peerless DeFi betting protocol — providing users with a secure and trustless environment in which they can gamble, invest, and for the first time ever, become the house.” — Lord Porchester, LunaFi CEO
LunaFi is a trustless, borderless, DeFi protocol for sports betting with real utility, targeting mass adoption with guaranteed liquidity. LunaFi innovates beyond traditional gambling models and recent blockchain-enabled betting protocols by operating in a decentralized and peerless way. Global community-owned liquidity pools act as the house and fuel betting payouts, with a portion of house profits paid out to liquidity providers on an ongoing basis.
This unlocks a world of potential DeFi integrations and new products or services that allow investors to deposit and earn a share of profit gathered from betting activities on the platform, and to receive additional rewards in $LFI — the native token of the LunaFi Protocol.
Lunabets is the platform’s debut dApp. It is a non-custodial utilizing LunaFi smart contracts & liquidity pools to ensure trustless payouts. This means that there is an immediate settlement made by the smart contract to the winning party, removing all counterparty risk. Users are rewarded $LFI which can be claimed from LunaFi.
With the vision to create a sustainable, enjoyable, and profitable experience for all in the constantly expanding, globally owned community and commercial hybrid protocol for DeFi gambling, LunaFi aims to reimagine and innovate the traditional world of gambling by fusing it with the blockchain.
Why is LunaFi unique?
DeFi allows the creation of publicly verifiable liquidity pools. This acts as LunaFi’s “bookmaker”, and ensures bettors are always paid out correctly and on time. LunaFi also ensures worldwide access to fair and properly regulated bookmakers. The platform’s core focus is on ensuring the UX provides a seamless and intuitive user experience.
Gamblers have an unrivaled experience betting seamlessly through smart contracts with great odds and high limits without having to trust the bookmaker to payout. This means that the risk is only ever in the bet, not the platform.
$LFI
$LFI is the governance token of LunaFi. Buying & Staking $LFI gives you access to great returns as the platform grows and reaches more users. Staking $LFI also gives you voting rights around key decisions so you can be a part of the platform’s future whilst earning you a share of the platform’s profits.
Tokenomics
Staking Rewards -20%
LFI rewards will be released through the audited staking smart contracts via the Luna house pools as rewards are earned over the next 3 years
Advisors — 6%
The primary investment in return for tokens which helped fund development and preliminary activities to support the launch of the project. These will be locked for 3 months from listing and distributed over the next 30 months, as per the schedule below
Private Sale — 12.5%
Further investment in return for tokens to further the progress of the project. Tokens will be released over 12 months from listing.
Strategic Round — 10%
Creating partnerships with industry leading venture capital firms to provide support for the long term vision and growth of the project. Tokens will be released over 12 months from listing.
Liquidity Pool — 6%
Initial liquidity will be provided on the decentralized exchange upon listing to promote initial transactions occurring without major disruption and price spikes This liquidity will be locked in a vault for a year.
Public Sale — 4%
The amount of tokens available for sale via a Launchpad ahead of listing date.
Seed Investment — 6%
The primary investment in return for tokens which helped fund development and preliminary activities to support the launch of the project. These will be locked for 3 months from listing and distributed over the next 9 months.
Community development — 20.5%
This $LFI will be frozen in a secure wallet and released over a 3 year period in equal monthly installments with the aim of rewarding the Lunabets community and contributing to the progression of the project.
Team Allocation — 15%
The tokens which are granted to the team are locked for 6 months, and then released linearly over 4 years according to the schedule below.
IDO Details
LunaFi is launching on Starter.xyz
Token ticker: $LFI
Chain: POLYGON
Token price: $0.03
IDO Date: April 15, 2022
IDO Time: 15:00 UTC
How to Participate
To participate in LunaFi IDO, simply follow these steps:
- Buy $QUICK
- Buy or bridge START
- Use QUICK & START to buy QUICK/START LP tokens on QUICKSWAP.EXCHANGE
- Stake QUICK/START LP on STARTER.XYZ
- Stake START, ELIXIR or START/MATIC ELIXIR/MATIC on Starchi.gg
- Buy $LFI when IDO starts
For a more in-depth guide on how to take part in a Polygon-based IDO, please see their docs:
https://docs.starter.xyz/faq/how-to-guides/how-to-take-part-in-a-sale-on-polygon-matic
About LunaFI
LunaFi is the decentralized betting protocol where you become the house. They are creating a framework where developers, liquidity providers and users interact in a fair and trustless environment. Liquidity providers deposit into the house pools to earn a share of the profit and receive additional rewards in $LFIL.
About Starter.xyz
Starter is a community-oriented launchpad originally created on the Binance Smart Chain and now multichain with deployment on Polygon and more blockchains to follow, including Cardano, Solana, Ethereum, and more. Starter provides developers with a simple, safe, and effective platform for STARTing new projects.
📰 INFO
https://starterxyz.medium.com/lunafi-decentralized-betting-platform-built-on-polygon-2ed2f7a23c34
