The Lunyr TokenSale (ICO) will be running for approximately one month from 16:00, 29 March 2017 through to 16:00, 26th April 2017, so has already been running for a couple of weeks and has already raised around $550,000, so will be running for another two weeks from now.
Unlike other ICO’s, Lunyr decided to have a flat rate for the entire duration of the crowdsale, with no early bird bonus. This is refreshing to see as people who find out about the project a little late into the ICO round are not getting the best deal. When investors miss the early bird rounds, there is less incentive to invest. So I’m happy to see the Lunyr team taking a more mature and fair approach with their ICO and not alienating investors who are not immediately aware of the project. Late comers get the same deal as those who had invested at the beginning.
The Initial LUN Token distribution is shown in the chart above.
WHY INVEST IN LUNYR?
The Lunyr token sale is raising funds to launch a digital knowledge-base built on the Ethereum network. Much like Wikipedia, Lunyr aims to build a decentralized encyclopedia, but be buily t in ways that outperform Wikipedia in every way, which includes having an internal token economy to incentivise content creators and curators where all uploaded content will have to undergo heavy scrutiny by the means of peer review cycles before publication.
Lunyr will bring value to the LUNYR based Token (LUN) by selling space for text-only advertisements. As an investor, you stand to see your LUN Tokens increase in value as the demand for advertising space on the platform grows. Lunyr Tokens are the currency of the platform so any advertisers who want to buy space will need to buy LUN tokens in order to bid for space.
If LUNYR can achieve what Wikipedia has done, the advertising demand could become astronomical, drivigg the LUN tokens value up as the Platform grows.
There are numerous ways you can take part in the ICO which include the standard investment channel, but you can also earn Lunyr Tokens (LUN) tokens by getting involved on their bitcointalk channel. By joining the Signature Campaign, you can help advertise the project and get compensated for it. If interested you can find more information here:
https://bitcointalk.org/index.php?topic=1818468.0
The Lunyr Team have set themselves a minimum target of 25,000 ETH in order to run with the Project, with a maximum cap of 250,000 ETH. If the Minimum amount is not met, all the Funds raised will be refunded to all the investors.
Investors will also be pleased to know that Smith & Crown have featured the Lunyr Project and have written up a summary which can be found here;
https://www.smithandcrown.com/sale/lunyr/
The Chart above outlines how the Lunyr Team will be allocating funds raised, which appear to look as if they have done so in a level-headed manner which sees funds raised spread across Research & Development, Sales & Marketing, Operations, Legal among others. An allocation you would expect to see with any decent organisation, with most the funds being allocated to Research & Development.
What caught my eye about the Project is the Roadmap.
The Roadmap set forth looks to show the serious intentions of the team, having thought everything through and looking to do the job properly. It’s clear to see they have a sharp vision and are not looking to rush things. As an investor, I'm pleased to see that the Alpha and Beta Test-net are due to be launched as soon as Q3 and Q4 of 2017, and aim to have the fully-fledged platform up and running by the beginning of 2018.
You can see in more detail from the Roadmap below on how the Lunyr Team plan on rolling the Platform out.
But what appeals to me a lot is the theme of the different Milestones in development, with each of the Milestones having galactic names.
I just like the way everything fits together.
The Team have clearly put a lot of thought into every aspect of the project on a multitude of levels, and if the team put as much effort into the development of the platform as they have with their creativity, I'm sure the project will be a runaway success.
Another positive about the Lunyr Project is that the Whitepaper is of good length, and good content, going into great detail of how the platform will work, 23 pages to be exact.
I highly recommend any investor read the Whitepaper before investing any money into the project, I was personally quite impressed with the entire concept and feel that they have a Team competent enough to get the project through its development.
Click the link below to read an article that further explains what the Lunyr Project is trying to achieve;
PART 1: The Ethereum Based 'Lunyr' Project ICO - Explained
https://steemit.com/steemit/@deanero/the-lunyr-project-ico-explained
PART 2: The Lunyr Project ICO – A New Age Ecosystem of Knowledge and the Lunyr Economy
To find out more about the Lunyr Project and how you can take part in the Token Sale, you can find all of the details at the link below;
