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What is the issuance amount of LUMIA coins?
The issuance amount of LUMIA coins is 1 billion (1,000,000,000) LUM, with a fixed supply to ensure scarcity and long-term value.
Dec 15, 2024 at 01:54 pm
What is the Issuance Amount of LUMIA Coins?
LUMIA is a decentralized blockchain platform designed to provide secure, scalable, and interoperable solutions for businesses and developers. At the core of the LUMIA platform is the LUMIA coin (LUM), a native utility token that plays a critical role in the ecosystem's operations and governance.
Issuance Amount of LUMIA Coins
The total issuance amount of LUMIA coins is 1 billion (1,000,000,000) LUM. This fixed supply ensures scarcity and long-term value for LUM holders.
Token Distribution
The initial distribution of LUMIA coins was conducted through a public token sale. The distribution breakdown is as follows:
- Public Sale: 70%
- Team and Advisors: 15%
- Ecosystem and Marketing: 10%
- Reserve: 5%
Token Use Cases
LUMIA coins serve various purposes within the ecosystem, including:
- Transaction Fees: LUM is used to pay transaction fees on the LUMIA blockchain.
- Staking: Holders can stake their LUM coins to earn rewards and contribute to network security.
- Governance: LUM holders have voting rights on proposals that shape the platform's development and direction.
- Access to Services: LUM can be used to purchase access to premium services and features on the LUMIA platform.
Benefits of LUMIA Coins
- Value Appreciation: The limited supply and increasing demand for LUM coins contribute to its potential for value appreciation over time.
- Passive Income: Staking LUM coins allows holders to earn passive income while supporting the network.
- Governance Rights: LUM holders have a say in the platform's future and direction through their voting rights.
- Access to Exclusive Services: LUM can be used to gain access to exclusive services and features that enhance the user experience.
- Interoperability: LUMIA coins can be used across various platforms and applications within the LUMIA ecosystem.
Conclusion
The issuance amount of LUMIA coins is 1 billion (1,000,000,000) LUM, with a fixed supply to ensure scarcity and long-term value. The initial distribution was conducted through a public token sale, and the coins serve various purposes within the ecosystem, including transaction fees, staking, governance, access to services, and interoperability. The limited supply, utility, and potential for value appreciation make LUMIA coins an attractive investment and a valuable asset within the blockchain industry.
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