Bevervot 🦍 | Suiswap

@shimmernet #ApeDAO #Shimmer & #Test2Conquer

[Bevervot 🦍 | Suiswap @bevervot]

The world's first Web3 real-time multiplayer strategy game, League of Thrones, has launched a new season. Participate now to share 6usdt rewards. https://t.co/GRNqgtHI69 via @LOT_HQ

[Bevervot 🦍 | Suiswap @bevervot]

Check out Zetahub for quests, info and more. XP = Airdrop requirement(most likely). Use my link for free XP on sign up: https://t.co/DGXCVIqsJ1

[MagicSea @MagicSeaDEX]

Magic LUM and the Booster ⚡️🐙🪷

The birth of Magic LUM and the start of the Booster are together the most anticipated events for ShimmerSea so far! Magic LUM being the Governance Token of the protocol is the canter stage token on ShimmerSea. The activation of the Booster marks the start of a new token economic model in DeFi!🧵👇

🌐 https://t.co/dR4BmcKv8F
📰 https://t.co/LM7bIlmhr0

Magic LUM 🪷
Compared to $LUM which is the reward token of ShimmerSea, $MLUM is the Governance token of ShimmerSea and is therefore limited to 1 million tokens only!💎

Besides being limited in supply the token gives holders voting opportunities. These voting opportunities range from smaller every-day decisions like emission rates for $LUM in farms, to larger strategic decisions impacting the future of the protocol.

Finally, holders get to earn all protocol revenue in USDT through a special staking pool, which will go live on IOTA EVM. This includes revenue from trading fees on the DEX and the NFT marketplace, deposit fees, and revenue from fair launches. Until #IOTA EVM a Lumi locked $MLUM->$LUM staking pool will be available.

Magic LUM Start and Distribution
Magic LUM will start trading shortly before the Booster goes live. This Friday the 1st of March 2024, at 1pm CET the MLUM-USDT trading pool will go live. The pool will have a total liquidity of 50.000 USDT and 2.500 $MLUM. This makes an initial $MLUM price of 20$.

Be cautious in the first days of trading as the total liquidity with 100.000 $ value is comparably low! High volatility is to be expected!

The initial liquidity will be locked with Hedgey. All other $MLUM tokens will either be locked in the Booster, locked with @hedgeyfinance or only minted later on IOTA EVM.
On IOTA EVM the team allocation will be locked in the $MLUM staking pool for another minimum of 6 months and a maximum of 12 months. All other not yet distributed $MLUM tokens will be locked in the new Booster contract on IOTA EVM where they will be distributed over the coming years.

Magic LUM distribution:
Booster — 79.5 %
Team — 20 %
Treasury — 0.5 %

Shortly after trading starts on the 1st of March, 2024 at 4pm CET, the Booster goes live and everyone can start refining their $LUM to $MLUM. The first month the Booster will have an increased $MLUM emission rate! On March the 2nd at 8pm the MLUM-USDT farm will go live.

The Booster ⚡️
The Booster is a special staking pool in which you can refine $LUM to $MLUM. The smart contract works similar to a staking pool with some important modifications. Just like a staking pool a fixed amount of $MLUM tokens is distributed per second through the Booster. The amount of $MLUM a staker earns depends on his share of $LUM allocated into the smart contract. Different to a standard staking pool, the Booster burns the allocated $LUM on a percent basis. This means that your $LUM stake is burned away while the booster rewards you with $MLUM. The emission rate of the Booster in the first month is 30.000 $MLUM and continues with 13.200 $MLUM per month.

Security is at the centre of what we do at ShimmerSea. Therefore, the Smart Contract Booster has been audited twice by @HashExOfficial and as well has been audited by @auditone_team.

Timeline
The birth of $MLUM and the activation of the Booster are two events that happen in sequence. Following all the dates around the launch can be seen:

📅 Friday - 01.03.2024
🕚 11:00am CET - $MLUM gets listed
🕐 1:00pm CET - $MLUM/ $USDT pool start
🕗 8:00pm CET - The Booster goes live!

📅 Saturday - 02.03.2024
🕗 8:00pm CET
- $MLUM/ $USDT Farm starts
- $LUM/ $USDT Farm starts
- $MLUM -> $LUM staking pool

Outlook
With Magic LUM and the Booster also new farms are being issued for Magic LUM and LUM. The new farms are rewarding liquidity pools with USDT. This will give both tokens, $LUM and $MLUM more price stability.

On the horizon we can already see the next big event approaching: ShimmerSea scaling to IOTA EVM. With this, ShimmerSea will evolve to a multi-chain DEX! With this magic evolution the last major puzzle piece of the protocol tokenomics will also go live: The $MLUM staking pool which distributes protocol revenue on IOTA EVM!💥

#ShimmerEVM

[MagicSea @MagicSeaDEX]

1 $MLUM = 1 $MLUM

ShimmerSea will go through an evolution once we scale to IOTA EVM. The DEX will transform from a single-chain DEX to a multi-chain DEX!💥

Through this transformation your Magic LUM and its value will be transferrable between #ShimmerEVM & #IOTAEVM!💎

[MagicSea @MagicSeaDEX]

We are about to enter the third phase of unleashing @ShimmerSeaDEX Tokenomics!🚀

With the #Booster comes Magic LUM! The governance token of the protocol! 💥

Let the magic begin!🪷

#IOTA #ShimmerEVM

[MagicSea @MagicSeaDEX]

ShimmerSea's Magic LUM is already built for scaling to #IOTA EVM!

1 $MLUM = 1 $MLUM, on all chains.

This is enabled by leveraging OFTs (Omnichain Fungible Tokens), a new standard set by @LayerZero_Labs .🚀

What is special about the OFT standard? 🧵👇

🛡️ SECURITY
OFTs like $MLUM will not be a wrapped assets, eliminating the risk of token depegging on one of the chains. The token will be natively minted where it is needed

🛠️ IINTEROPERABILITY
OFTs like $MLUM simplify the transition from one chain to another, ensuring a user-friendly experience for newcomers and enabling smooth, large-scale transfers.

Magic LUM is the next step in unleashing the tokenomics of ShimmerSea!🌊

[Bevervot 🦍 | Suiswap @bevervot]

@JusuTangle $MLUM 😎

[MagicSea @MagicSeaDEX]

ONLY 10 DAYS LEFT UNTIL $MLUM goes live!🚀

Your $LUM is your highway ticket to $MLUM!
🪸🔥🪷

🌐 https://t.co/zOPHByirUI

#ShimmerEVM #IOTA

[MagicSea @MagicSeaDEX]

Lumis love shiny things!✨

Thats why they are all over the #DeepSeaAdventures Campaign! Besides great rewards you can find real gems in the ecosystem!💎👇

https://t.co/Fg1hZn0k4Q

#ShimmerEVM #IOTA

[Nakama Labs @Nakama_Labs]

🌊 🚀 Exciting update, we're proud to launch the #DeepSeaAdventures #Airdrop campaign, a powerful move to support the #ShimmerEVM ecosystem.

Running alongside the @shimmernet $1M airdrop campaign, DeepSea Adventures will provide incentives and interesting tasks from 10 prominent projects in the ecosystem. So, join us on this deep sea adventure and explore together! 💥

https://t.co/iuG5OqRjbx

[MagicSea @MagicSeaDEX]

Just 2 weeks until the #BOOSTER goes live!💥

With the Booster ShimmerSea's full tokenomics is unleashed!🚀
Better have your $LUM ready when $MLUM enters the stage! This will change everything!🪷

#ShimmerEVM #IOTA

[MagicSea @MagicSeaDEX]

We are excited to be partnering with @hedgeyfinance ! 🐙🤝🐙

Integrating reliable vesting and lock-up services into the tokenomics is crucial to foster a culture of transparency and trust!
#ShimmerEVM #IOTA

[Bevervot 🦍 | Suiswap @bevervot]

I'm officially a @zetachain genesis user and have the ZETA Access Pack to show for it! Be part of the genesis wave by signing up now and viewing your airdrop eligibility: https://t.co/etbGmV63DO

[MagicSea @MagicSeaDEX]

New NFT collection trading on ShimmerSea!
Meet The Blobs! 💥
3200 unique NFTs, free mint and just fun art!👇

https://t.co/ls4BfAXx4i

#Shimmer

[MagicSea @MagicSeaDEX]

The next "Big Thing" is called #Booster, not #Halving - and it will refine your $LUM to $MLUM!🔥

With only 41 Days to go:
What are the key facts of $MLUM - Magic Lum?

💎 Max cap at 1 million tokens only
🐙 Governance token of ShimmerSea
🗳️ Voting opportunities for emissions
⛓️ OFT minted on #ShimmerEVM & #IOTA EVM
💰 Staking pool earning DEX fees in Blue-Chip token
💵 Bribing for emissions incentives
🪸 Refined by burning $LUM in the Booster

$MLUM is for everyone who believe in the protocol, and its community! With $MLUM you own a part of the DEX!

[MagicSea @MagicSeaDEX]

ShimmerSea is now 3 months old. Lets take a look at $LUM!

Starting with some key facts:

💰 it is the reward token of ShimmerSea
🚀 first token fairlaunched on #ShimmerEVM
🐙 $LUM is fully community owned
🪸 Liquidity incentive for 10 community projects
📈 300% up since Fairlaunch
📊 market cap ~ 1.5 mil $
🔥 >60k $LUM burned
🔒 285K $LUM locked for Booster

What is coming for $LUM?

➡️ refining to $MLUM, the governance token
➡️ refining starts in 42 days with the #Booster
➡️ the Booster burns a tone of $LUM

ShimmerSea is the DEX of the #Shimmer and #IOTA community!💙

[MagicSea @MagicSeaDEX]

We are hosting @InfernalNFTs on our ShimmerSea Discord!🐙🎙️🐙

📅 08.12.2023
🕘 9:00pm CET
📍 https://t.co/YU0EJPBhrc

Bring all your questions for the upcoming $FUSE Fairlaunch!🚀

#Shimmer #IOTA

[Bevervot 🦍 | Suiswap @bevervot]

It's time to BLAST OFF. I just received 900 $BLUR from @BLUR_io's Season 2 drop. Season 3 starts NOW and is powered by @BLAST_L2, the only L2 with native yield backed by Paradigm and Standard Crypto.

[MagicSea @MagicSeaDEX]

The LUMI HOLDAY SEASON is ramping up quickly!🎊

The first week has passed and the first three doors of total 24 have been revealed:

🎁 #Subbie NFT
🎁 #Lumi NFT
🎁 $IHG Token

21 gifts to go! Join us to win!👇

Discord
🌐 https://t.co/YU0EJPBPgK
Zealy
🌐 https://t.co/ZYiI8ZA9DJ

[MagicSea @MagicSeaDEX]

We are excited to be partnering with @Tide_web3!🌊

Tide enables us to game-fi our campaigns like never before! 🎮

Shoutout to @Tide_web3 for integrating #ShimmerEVM early on!🎉

#IOTA #Shimmer