Introduction:
Although Bitcoin is approaching the $100,000 mark recently, many crypto players are fully invested in altcoins, and their returns may not even outperform the market. Don't worry, the last "big wool" in 2024 is coming, which is the Lumoz esMOZ+OG NFT King Bomb Airdrop Combination.
On November 5, the modular computing layer and RaaS platform Lumoz announced the opening of esMOZ airdrop inquiries, with a total airdrop of 10% esMOZ, worth more than 30 million US dollars; a week later, Lumoz announced again that the OG NFT event was officially launched, and all NFT acquisition channels were free. Lumoz OG NFT allows users to directly exchange esMOZ for MOZ 1:1 after the mainnet is launched, without any lock-up period, that is, esMOZ+NFT=MOZ. Yesterday, Lumoz announced that esMOZ can be exchanged for MOZ 1:1 using NFT. Combining the two, Lumoz's airdrop king bomb combination is officially on the stage!
esMOZ airdrop query: lumoz.org/airdrop
Lumoz OG NFT: lumoz.org/og-nft
The market shows that the current floor price of Lumoz OG NFT is 0.0027 ETH. According to the editor's analysis, this price is seriously underestimated. As Lumoz TGE approaches, the floor price of NFT has at least 5 times more room to increase. In the long run, as Lumoz's potential is released, the price of MOZ will be further raised. Now is the perfect time to buy esMOZ and buy OG NFT at a bargain price.
1. NFT’s rigid demand scenario, unlocking esMOZ airdrop token
Just one day before the results of the US election were announced, Lumoz gave crypto players a big gift, and the long-awaited airdrop was officially launched.
In the announcement, Lumoz officials expressed gratitude to all ecosystem participants. "We would like to thank every community member for their efforts and contributions to the success of Lumoz. Every user's contribution is driving the development and growth of Lumoz, and we are deeply grateful for this! This airdrop is not only a return of your support, but also an important testimony of our joint move to the next stage!"
Of course, gratitude is not only expressed verbally, but also in action. How big is the official Lumoz team?
First, the airdrop value is high. In this airdrop, a total of 1 billion esMOZ will be issued, accounting for 10% of the total token supply; according to the latest round of valuation of 300 million US dollars, the total value of this batch of airdrops is about 30 million US dollars. Whether it is the proportion of airdrops or the value of assets, it ranks among the top in this year's airdrop projects.
Second, the airdrop covers a wide range and has a good reputation. This year, many blockchain projects including LayerZero have conducted airdrops, but due to various harsh conditions and opaque rules, they have caused widespread controversy. Lumoz has learned from its lessons and has extended its airdrops to early Lumoz participants, Lumoz PoW & node holders, Lumoz high-quality ecological chain users, ETH&L2, Celestia, Move Ecosystem and other active ecological users. The scale of the airdrop is also the largest in Lumoz's history, winning unanimous and wide acclaim from the market.
(1) Airdropped esMOZ cannot be unlocked immediately
In theory, this is a win-win result: ecosystem players received the token airdrop they were looking for, and the official also achieved a double harvest of word-of-mouth and traffic by rewarding early participants. However, many airdrop users "complained" that the esMOZ tokens they received needed to be locked before they could be claimed.
According to official documents, Lumoz implements a dual-token model: MOZ and esMOZ. MOZ tokens are used to pay for network Gas, and ZKP computing and AI services also require MOZ tokens as resource usage fees. EsMOZ is a network incentive token. Users who provide computing power, security, and stability nodes for the Lumoz network (including zkProver and zkVerifier nodes) can receive esMOZ rewards. It is also a token for participating in staking and promoting decentralized network governance.
There is a certain exchange rate between the two, among which:
-MOZ tokens can be exchanged for esMOZ tokens at a 1:1 ratio to accommodate a wider range of application scenarios;
- esMOZ is converted to MOZ tokens at a rate that varies depending on the length of the conversion period.
To prevent the loss of esMOZ from a large amount of transfers and resulting in an imbalance in governance, and to prevent the project from encountering a large amount of airdrop selling pressure during TGE, which would cause the price to slump, this is also a difficulty that all airdrop projects have to face. After all, many investors have previously taken over STRK, ZRO, etc. at high prices in the secondary market, and have not yet been able to get out of the trap.
However, from the perspective of airdrop users, they cannot unlock the esMOZ they have worked so hard to obtain immediately, and they are also worried that the subsequent price drop will lead to a decline in profits. Therefore, users are in urgent need of a means to realize the monetization of esMOZ immediately.
The Lumoz project has launched the Lumoz OG NFT event in a grand manner, and all NFT acquisition channels are free!
(2) OG NFT unlocks esMOZ in advance
On November 12, Lumoz officially announced the launch of the OG NFT event. "There are also some voices in the community hoping that it can be unlocked as soon as possible. We value the voice of every community user. To this end, we have added a new NFT section gameplay, which will support users to directly exchange a certain amount of esMOZ for MOZ."
Specifically, there are three types of OG NFTs, and each level of NFT has a different esMOZ redemption amount, which can immediately convert esMOZ to MOZ without any lock-up period:
l Sly (Slytherin), 200 esMOZ can be directly converted into MOZ;
l Puff (Hufflepuff), which can directly convert 1000 esMOZ into MOZ;
l Claw, which allows you to convert 5000 esMOZ directly into MOZ.
More importantly, all OG NFTs are free airdrops this time. Users only need to complete the corresponding tasks on the Galxe task platform and Discord to get NFT airdrops. In addition, the event also takes into account the interests of all core contributors to the Lumoz ecosystem, including ecological partners, developers, KOLs, and node holders, and directly airdrops for free.
2. OG NFT has great potential for appreciation, but its price still needs to be further explored
After the Lumoz OG NFT activity was launched, it quickly set off a wave in the crypto circle. A question that many people are concerned about is: What is the value of Lumoz OG NFT?
Judging from the current prices, the three levels of NFT prices are: Sly floor price 0.0027 ETH (about 9.5 US dollars); Puff floor price 0.015 ETH (about 52.5 US dollars); Claw floor price 0.047 ETH (164.5 US dollars). This price is actually related to the number of esMOZ that can be unlocked for each NFT. For example, Sly unconditionally unlocks 200 esMOZ. According to the valuation of 300 million US dollars, the price of each MOZ is 0.03 US dollars, and the valuation price of 200 esMOZ is 6 US dollars. The current NFT floor price is only slightly higher than the valuation price, and there is still a lot of room for growth.
First of all, the calculation just now is based on a valuation of $300 million, but in reality, Lumoz's valuation may surge after it goes online. How to estimate Lumoz's FDV after it goes online? When estimating the FDV at the time of launch, a common method is to look at the FDV of projects with similar financing and competitors. The sample selected here is Celestia ($TIA), which is also a modular blockchain. The project raised approximately $55 million and was valued at $1 billion before listing. After listing, it once rose to $2 billion. The current FDV of the project is $8.5 billion, an increase of nearly 8.5 times.
From this point of view, Lumoz's latest round of financing valuation is $300 million, and the initial FDV is about $600 million. Considering that the current market is in a bull market, the valuation will be higher, possibly reaching $1 billion, then the price of each esMOZ is about $0.1, and the lowest level of NFT Sly floor price will also reach $20. In the long run, Lumoz's FDV may eventually rise to $2.5 billion or even $3 billion, then the price of a single esMOZ will reach $0.25-0.3, so the lowest level of NFT Sly floor price will also reach $50-60. Therefore, the current Lumoz OG NFT has at least 5 times more room for growth.
Secondly, from the perspective of supply and demand, the price of Lumoz OG NFT is also currently at a low point. As mentioned above, the core function of OG NFT is to allow esMOZ to be immediately converted to MOZ without a lock-up period. There is a serious imbalance between supply and demand here. The esMOZ that can be unlocked by NFT is actually difficult to fully meet the needs of users during TGE.
According to data from the NFT market Alienswap, among the NFTs that have been claimed, the highest level Claw NFTs account for less than 2%. Based on this, out of the total 1 million NFTs, there may be only 20,000 NFTs of the highest level, which can unlock a total of 100 million esMOZ (20,000*5,000). The other two levels of NFTs together may have 900,000 Sly and 80,000 Puff. In the end, all NFTs together can unlock 360 million esMOZ.
But in fact, the total amount of tokens in this airdrop is 1 billion esMOZ, which means that only 36% of the tokens can be unlocked immediately and unconditionally. This will also lead to two situations: First, the actual circulation of MOZ tokens will decrease, which can further increase the price, directly rising from the early valuation of $0.03 to more than $0.1, and directly raising the market price of NFT. Second, the increase in the secondary market price of MOZ will also prompt more users with a large number of esMOZ tokens to choose to buy more NFTs to unlock in advance, but in a market structure where supply is less than demand, coupled with speculation, the price of NFT may rise further, especially in the later stages, the price increase will be more obvious.
3. Strategy: Hoard esMOZ+NFT and catch the new wealth train
As mentioned above, the current OG NFT price has not been fully discovered and there is still a lot of room for growth. For ordinary users who missed this round, how can they capture more wealth opportunities through Lumoz? Here are a few strategies for reference.
1. Zero-cost path, make money. According to Galxe data, the Lumoz event has attracted more than 52,000 users in just two weeks since its launch. There are still a few days left before the end (November 30), and the total amount of NFTs allocated on Galxe is 100,000, so users can continue to make money. In addition, users can also participate in the event in the Discord community and get NFT rewards.
Of course, these methods are not suitable for ordinary large-scale operations, especially since various anti-looting mechanisms currently require human identity verification, and ordinary players can just make a living.
The second is asset-light investment, buying NFTs in the secondary market. The current market circulation of NFTs is relatively small, and the large-scale claim time is around early December. At that time, there may be a group of "fleecing" users who dump their NFTs obtained at zero cost, causing the floor price to continue to fall; as long as the NFT floor price is lower than its reasonable price - Sly's reasonable price is $6, Puff is $30, and Claw is $150 (all calculated based on Lumoz's $300 million valuation), it can be purchased in large quantities and wait for subsequent price increases. If the funds are sufficient, it is recommended that the three NFTs be distributed in a ratio of 7.5:2:0.5. The lower the level of NFT, the higher the probability of early sale, but the higher the level of NFT, the greater the premium space in the later stage.
The third is heavy asset investment, long-term optimism, and purchase of esMOZ and NFT. If the first two are considered speculative methods, then this one is a real investment, growing together with the project and truly capturing excess returns. Currently, due to the certain lock-up period of esMOZ, some users choose to sell it over the counter, and at a discount. The discount rate of some communities even reaches 50%. Players who are optimistic about the Lumoz ecosystem in the long term can choose to buy a certain amount of esMOZ over the counter to "buy the bottom", and then buy a certain amount of NFT, waiting for the future value of Lumoz to be truly discovered and the price to take off.
Why are we optimistic about Lumoz? One of the core reasons is that Lumoz is one of the few providers of modular Prover network in the field of modular Rollup, and supports "one-click chain launch", with narrative superposition and strong explosive potential.
Currently, launching a chain has become the first choice for many Web3 entrepreneurs. A number of DeFi projects such as dYdX, Magic, and FXS have also joined the chain-launching camp. After all, the valuation of self-built public chains is much higher than that of a single project. For some teams without native technical genes, the threshold for launching a chain is relatively high. Lumoz provides "selling shovels" services for projects with such needs.
Lumoz is a modular computing layer and ZK-RaaS platform that solves the computational cost and centralization issues in the process of ZKP proof generation and verification, and provides project owners with the ability to launch chains with one click - through its ZK-Rollup Launchbase that does not require coding, any user can generate a customized zkEVM application chain without code. At the same time, Lumoz uses the Decentralized Prover Network to provide the underlying computing power for general ZKP computing. In addition to the Prover Network, Lumoz further opens the verification layer to ordinary users. Its zkVerifier aims to achieve decentralized verification, which can effectively reduce L2 Gas costs.
Lumoz's positioning combines ZK-RaaS and DePIN, providing low-cost and convenient ZK-Rollup deployment capabilities. OKX Ventures has seen its progress in the ZK-RaaS field and Prover technology. This investment will help Lumoz accelerate the development and technological innovation of the modular computing layer and ZK-RaaS platform. "Dora, founder of OKX Ventures, once commented.
Currently, Lumoz has received support from multiple leading capitals including IDG Blockchain, OKX Ventures, HashKey Capital, etc., with a total financing of over US$14 million and a valuation of US$300 million.
