On July 2nd, 2018, Moonlight announced the completion of its LUX token presale. The presale submission form was open for six days, and closed on May 20th at 00:00 (GMT). Requirements for token presale participation were released by Moonlight prior to the application window.
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.
Moonlight received a total of 1,184 applications from participants in 22 countries. The three largest concentrations of applications came from China, Australia, and the United States.
As a result of the token presale, 47 strategic partnerships with “well known organizations, and collaborators” have been formed. In its whitepaper, Moonlight highlights the importance of such partnerships, as the synergy “with companies in both the blockchain and conventional space are expected to yield growth in the user base.”
No bonuses were given to the token presale participants. The white paper states both presale and public token sales will utilize “a tiered vesting mechanism. This mechanic is designed to dissuade exploitation of the token sale for fast returns which is unhealthy for the ecosystem and leads to extreme value fluctuations on initial exchange availability.”
During the token presale, a total of 250,000,000 LX tokens were distributed, which accounts for 25% of the total token supply. In the upcoming public token sale, another 250,000,000 LX tokens will be made available. Exchange rates will remain the same for the public sale as they were for the presale.
Acceptable contributions to the presale were limited to Ethereum (ETH), NEO, or GAS. The contribution was distributed as follows:
- NEO: 61%
- GAS: 25%
- ETH: 14%
Participation for the upcoming public token sale will be prioritized by the date the participants subscribed to Moonlight’s newsletter. If users haven’t subscribed for the Moonlight newsletter, they can do so at Moonlight’s website:
The public token sale for Moonlight is planned to take place in July of 2018. Specific dates for the public token sale are forthcoming.
For more information about Moonlight visit one of the links below.
About The Author: Dylan Grabowski
Dylan is a reformed urban planner with a passion for covering the Neo ecosystem. His objective as a writer for Neo News Today is to report news in an objective, fact-based, non-sensational manner. When not behind a computer screen, he can be found in the mountains rock climbing. Find Dylan on Twitter (@GrabowskiDylan).
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