LuaSwap ($LUA), a multi-chain liquidity protocol without founder’s fees, announced an opportunity for users to stake in the TomoMasterDAO IDO.
According to the announcement by LuaSwap, users can now stake their $LUA token into the LuaSafe’s platform. Also, LuaSwap will include the $LUA token into the LUA -TOMO(E) liquidity pool. Besides, they were also advised not to forget “to unstake LP tokens from farming pools before the deadline.”
Notably, the minimum amount that can be used is 5,000 $LUA, while the deadline for the opportunity is 9 AM (UTC), October 8th, 2021.
📌Min amount: 5,000 LUA
⏰Deadline: 9AM (UTC), 8 Oct 2021
Don't forget to unstake LP tokens from farming pools before the deadline! pic.twitter.com/kGQNPGO2c6
— LuaSwap (@LuaSwap) October 6, 2021
In addition, LuaSwap users were informed that the number of $LUA tokens they have on the TomoChain platform and Ethereum network would be counted in tier classification. Also, the report pointed out that “No. $LUA put in liquidity pools is subject to change due to impermanent loss. Add more $LUA than needed or watch the price closely to meet the requirement.”
Before now, reports revealed that TomoMasterDAO would launch its IDO on LuaStarter, at 9 AM (UTC), October 15th, 2021. The TomoMasterDAO IDO will also have a total supply of 4 million $tDAO tokens with a full raise of 50,000 $TOMO tokens. The price of each $tDAO token will be USD 0.0125 for each $TOMO token.
📌IDO Date: 15 Oct, 2021 | 9AM UTC
— LuaSwap (@LuaSwap) October 5, 2021
To participate in the LuaSwap staking program, you need to stake a certain amount of $LUA tokens to be qualified for a tier and secure a minimum guaranteed allocation of the IDO token. See this guide for more details about the tier system. Also, see this guide if you want to know more information about how to deposit, allocate, and claim your tokens.
About LuaSwap and TomoMasterDAO
TomoMasterDAO aims to provide an optimal user experience by balancing security with how easy it is to use the platform. The DAO is taking a new approach to blockchain governance. It focuses on user engagement to build new technology in the ecosystem and run community initiatives.
On the other hand, LuaSwap is a decentralized exchange (DEX) that reportedly operates on Ethereum and TomoChain. Additionally, LuaSwap is the Automated Market Maker (AMM) based DEX built for TomoChain as inspired by Uniswap. The $LUA token is also the governance token for LuaSwap.
Interested users can buy $LUA tokens from FTX, Uniswap (v2), and LuaSwap. As well as trade LUA on a number of centralized and decentralized exchanges.
As of publication, the $LUA price was USD 0.067, with a 24-hour trading volume of USD 190,494. LUA’s price was up by 4.3% over the last 24 hours. Besides, it has a circulating supply of 115 million $LUA coins and a total supply of 217.8 million.
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