Lunyr ICO Details

Learn all there is to know about the Lunyr initial coin offering.


The Lunyr token will be used as a means of payment to reward content creation on their digital knowledge base platform that is built on Ethereum. 15% of the proceeds earned from advertisement will be donated...


Status Finished
Token Type ETH (ERC20)
ICO Dates 29/03/2017 - 27/04/2017
Funds Raised $3,400,000
Whitepaper Read Whitepaper
Website Go To Sale Website
Features Bonus
Jurisdiction N/A

Background

The Lunyr token will be used as a means of payment to reward content creation on their digital knowledge base platform that is built on Ethereum. 15% of the proceeds earned from advertisement will be donated to the Lunyr foundation and the remaining 85% will be given to content creators as a reward.

Over the month long ICO period 47,923 ETH was raised which had a value of approximately $3,400,000 at the ICO close (26th April, 2017). From the tokens created 78% were allocated to crowdsale investors, 15% to founders, employees and advisers, 5% for marketing and promotion and finally a 2% allocation for a bug bounty. More specifically the team plan to spend the funds raised in the following manner:

  • Research and Development = 50.1%
  • Sales and marketing = 13.7%
  • Operations = 11.9%
  • Legal = 8.3$
  • Reserves = 8.2%
  • Benefits = 6.6%
  • Outsourcing = 1.2%

 


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