LunaFi Ico Review: It Is Legit Or Scam? Read Our Full Review

LunaFi Ico Review: It Is Legit Or Scam? Read Our Full Review

About LunaFi Ico

LunaFi Ico is a leading decentralized and peerless DeFi betting protocol — providing users with a secure and trustless environment in which they can gamble, invest, and for the first time ever, become the house

By harnessing the power of the decentralized technologies, community governance, and autonomous smart contracts — they allow users to securely place peerless bets in a trustless, non-custodial betting platform that is set to revolutionize the global sports betting industry by allowing the player to invest and become the house.

To facilitate this, LunaFi provide a complete DeFi platform designed to enable the integration of sports betting and prediction markets, powered by a protocol and community-owned liquidity pool known as a House Pool. This suite can be integrated by developers looking to add peerless betting functionalities to their dApps — the first of which will be LunaFi’s own dApp, Lunabets, a decentralized sports book application.

Lunabets is non-custodial utilizing LunaFi Ico smart contracts and liquidity pools to ensure trustless payouts, meaning there is an immediate settlement made by the smart contract to the winning party, removing all counterparty risk. End users can utilize Lunabets to place bets in the knowledge that their wager is not only guaranteed to pay out from liquidity pools and smart contract, but is odds optimized and oracle confirmed, if they win.

LunaFi Ico Key Information

KeyPoints
Token NameLunaFi Ico
Token TypeLFI
Token For Sale3,333,333 LFI
Ico Price$0.030000
Fundraising Goal$100,000
Personal Cap1BN-5 BNB
LanguageEnglish
Support24/7
AcceptBNB
WhitepaperClick Here For View Whitepaper
WebsiteClick Here For Visit ICO Homepage

Mission

All betting platforms are engineered so the house wins, regardless of the successes of its patrons. It’s a 5,000 year old business model, but until now — this model has been tightly controlled by centralized authorities whose focus is on maximizing profits, often at the expense of fairness and transparency.

In a world where distrust in centralized institutions is on the rise, it is LunaFi mission to place ownership and power in the hands of the people with a hybrid protocol for DeFi gambling that is driven by user-contributed liquidity, community-owned, and fueled by the $LFI token.

Product Outline

LunaFi

LunaFi Ico is a trustless, borderless, DeFi protocol for sports betting with real utility, targeting mass adoption with guaranteed liquidity. The innovates beyond traditional gambling models and recent blockchain-enabled betting protocols by operating in a decentralized and peerless way. Global community-owned liquidity pools act as the house and fuel betting payouts, with a portion of house profits paid out to liquidity providers on an ongoing basis.

This unlocks a world of potential DeFi integrations and new products or services that allow investors to deposit and earn a share of profit gathered from betting activities on the platform, and to receive additional rewards in $LFI — the native token of the LunaFi Protocol.

LunaFi Protocol

LunaFi is a decentralized betting protocol powered by the native The $LFI token. Players earn $LFI rewards for placing bets on the lunabets platform. Community members may earn $LFI in exchange for providing liquidity, and stakers earn $LFI for participating in the governance/security of the platform. All revenues of the ecosystem are shared with all $LFI token holders.

The goal with the LunaFi protocol was to devise an interoperable DeFi architecture that can revolutionize the way money is gambled, using decentralized technologies to optimize and democratize the ancient human pastime of betting. To achieve this outcome, we decided to rewrite the rule book.

$LFI Token

The native utility token of the LunaFi Ico ecosystem ($LFI) is designed to play a major role in the functioning of the platform from collecting fees to incentivizing all platform participants alongside proper governance.

Betting – $LFI will be awarded to users based on actual usage, fostering a sense of community and ownership with your peers.

Access – $LFI will provide holders and users access to special games, tournaments, products, and discounted commission structures on all house pools in the future.

Governance – Staking $LFI to receive $vLFI can be used as governance to submit proposals and vote. To find out more about our $vLFI yield generating token, click here.

Liquidity Incentives – $LFI will be distributed to all participants of the ecosystem including players, investors, and liquidity providers.

Fees – Developers using the LunaFi protocol pay fees in $LFI to build their dApps. With every bet accepted in a house pool, 1.5% of turnover is automatically claimed by the Treasury Contract. A breakdown of Distribution fees can be found here.

Tokenomics

CommunityTreasury Wallet – 22.5% locked and released over a 3 year period to the Treasury DAO in equal monthly instalments with the aim of rewarding the Lunabets community and contributing to the progression of the project.

Liquidity Pool-6 % Initial liquidity will be provided on the decentralized exchange upon listing to promote initial transactions occurring without major disruption and price spikes. This liquidity will belong to the Treasury Wallet.

Public Sale & DEX Liquidity – 4% The amount of tokens available for sale via a Launchpad ahead of listing date. No vesting.

Staking Rewards -20% rewards will be released through the audited staking smart contracts via the Luna house pools as rewards are earned over the next 3 years

Team- 15% Tokens locked for 12 months and vests linearly over the next two years.

Advisors – 6% LunaFi Ico primary investment in return for tokens which helped fund development and preliminary activities to support the launch of the project. These will be locked for 12 months from listing and distributed over the next two years.

Strategic Round – 10% Creating partnerships with industry leading venture capital firms to provide support for the long term vision and growth of the project. Tokens will be locked for 6 months and released over 12 months from listing.

Private Sale – 10% Further VC investment in return for tokens to further the progress of the project. Tokens will be locked for 6 months and rand distributed over the next two years.

Seed Investment – 6% The primary investment in return for tokens which helped fund development and preliminary activities to support the launch of the project. Tokens will be locked for 6 months and and distributed over the next two years.

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