Frequently Asked Questions
No new tokens will be issued. Users can simply stake LUA into LuaSafe or add LUA into LUA - TOMO(E) liquidity pool on TomoChain or Ethereum to be eligible for the IDOs, then commit to buy IDO tokens.
There are no lucky lotteries but fairly distributed allocations based on the Tier Guaranteed System (TGS) for all participants.
Both LUA and TOMO tokens can be instantly exchanged on LuaSwap with fast speed and low fees.
They can also be traded on the following exchanges.
- For LUA: FTX, Hotbit, Coinone
- For TOMO: Binance, FTX, Kucoin, Gate.io, Coinone, LBank, etc.
For information on our IDOs, please check our announcement channels:
Wallet Connect ensures extra wallet connectivity for users via the options to link their Ledger Hardware Wallet, Trust Wallet, and several more popular protocols.
You can join as many IDOs as you like at once.
No, you don't need to register for each IDO. You just need to register once by connecting your wallet and entering your email address to participate in all the upcoming IDO projects. There is no KYC required.
No, everyone in the same tier will have the same allocation. For example, a person who staked 5000 LUA & a person who staked 8000 LUA would both be qualified for the EARTH tier with the same minimum guaranteed allocation.
Your LUA tokens should be staked in LuaSafe or added in LUA-TOMO(E) liquidity pool on TomoChain or Ethereum at least 3 days before IDO opens, and remain held throughout the 3 days.
The TGS Model consists of 4 premium tiers and 1 community tier (tier 0).
1. Earth: - Staking requirement: 5,000 LUA - Pool weight: 1
2. Moon: - Staking requirement: 25,000 LUA - Pool weight: 6
3. Mars - Staking requirement: 100,000 LUA - Pool weight: 30
4. Galaxy - Staking requirement: 250,000 LUA - Pool weight: 100
No. You'll be automatically registered for all the IDOs as long as you have activated your profile, and have enough LUA staked in the designated protocols at least 3 days before the IDO launch.
Guaranteed allocations will be calculated and released shortly after the Snapshot is done. Your token guaranteed allocation will depend on the number of members in each tier and the project's token supply for the IDO.
You can find the token contract and other project-related information on the project’s introduction section
After the IDO is closed for commitment, our system would need 3 days to calculate each user's actual allocation based on their token commitment. Once done, you can find your allocation on the IDO page. Simply click on the "Claim your reward" button then sign the transaction to claim your tokens.
Scroll down the page, click on “Add token” button to add the IDO token into your wallet so you can view and manage it.
You can, but not sure. You may need to upgrade your tier 3 days before the IDO starts to increase the guaranteed number of tokens you want to own. You still have the option not to upgrade your tier, and commit the maximum number of tokens calculated by the TGS model, and wait for the result. If there is any member who does not execute the right to buy, its right will transfer to other tier members who commit first.
It's possible but not guaranteed. Only when the guaranteed allocations are not sold out, then it'll be offered to the general public on a first-come, first-served basis.
You can unstake the LUA tokens anytime you want. But if you unstake your LUA within 3 days before the IDO starts, you may lose your tier position.
We've implemented the 5 steps to make sure that only quality projects can be listed on LuaStarter:
- Initial application
- Screening process
- Kick-off call
- Due diligence check
- Final security check
Flexible. The smart contract can be utilized for any size. But we suggest a minimum of 100K USD or equivalent for the IDO.
We look for projects that work toward improving the current DeFi ecosystem, such as automated investment systems, secure and scalable products, on-chain data analytics, cross-chain bridge and chains versus real world data, etc. Whatever that has the capacity to integrate to the whole ecosystem and potential to expand in the future.
No. It is up to projects. LuaStarter can assist them with tokenomics based on specific projects and their business goals, and suggest on the IDO supply if needed.