Moonlight has announced the details of its Lux (LX) token sale, which will begin on August 11th. Moonlight is a decentralized workforce platform built on the NEO network that aims to make contract and freelance employment more appealing to both contributors and project owners. The platform seeks to develop an alternative approach for project staffing, realization, and compensation to create a distributed workforce.
The Moonlight public sale will accept NEO and GAS tokens, with no minimum purchase amount. Moonlight has also made the decision to peg the conversion ratio to NEO and GAS, rather than USD. Exchange rates remain the same for the public sale as they were during the private sale, which are as follows:
- 2000 LX / NEO (0.0005 NEO/LX)
- 800 LX / GAS (0.00125 GAS/LX)
A total of 250,000,000 LX tokens (25% of total supply) will be available during the public sale, with a maximum contribution of 100 NEO or 250 GAS.
Access to the token sale will be granted based on the Moonlight newsletter subscription order, and broken into four groups. Each group will have the opportunity to purchase up to the maximum contribution amount, and any remaining available LX tokens at the end of the sale will be made available in a “close out” phase.
The group schedule can be seen below:
The KYC process will open on July 28th, and is following the guidelines set by the Monetary Authority of Singapore (MAS). All participants will be required to pass KYC/AML process which will require a selfie and photo ID. Successful applicants will be assigned a participation group.
Moonlight recently announced the completion of its private sale, where the sale of 250,000,000 LX tokens resulted in 47 strategic partnerships with “well known organizations, and collaborators”.
Moonlight has allocated 20% of funds from its upcoming token sale to seed projects on its platform that will enhance the growth of the NEO ecosystem, such as funding new compilers, development tools and promising projects.
More information on Moonlight can be found at the links below.