Okcoin is the first crypto exchange in the world to list LunarCrush’s native token, Lunr (LUNR). It will be available to buy only on our platform on October 21. To celebrate, we’re giving away LUNR both to new and existing customers. 🚀
TL;DR
- What? You can deposit LUNR, and you will be able to withdraw and trade it against USD on Okcoin.
- Who? All Okcoin customers including those in the United States, except for residents of the EU, the UK, Singapore, and Brunei.
- When? Deposits have been live since October 20 at 7 pm PT and trading will be available October 20 after 7 pm PT. 🔥
What’s LunarCrush?
LunarCrush is a “social listening platform” for crypto. Their customers get access to real-time analytics, not only about the price but also about the social traction a token gets. It makes sense because investing in crypto often requires balancing out the fundamentals on the one hand, and the market sentiment on the other. The goal of LunarCrush is to allow users to track these two things easily.
One of the ways it does that is by gathering tons of social data and passing it through its machine learning algorithm that’s been specifically trained to analyze crypto speak — you’ll rarely hear traditional finance analysts say ExxonMobil stock is “mooning”. LunarCrush measures both the sentiment of the markets about a token and the engagement it gets online. Pretty handy for a market like crypto that runs 24/7 and doesn’t come with the detailed reporting traditional finance relies on.
What is the LUNR token?
LUNR is the native token of the LunarCrush ecosystem. Instead of charging subscription fees or selling ad space (or customer data) to generate revenue, LUNR offers LunarCrush community members a way to monetize their contributions to the platform. It serves three main functions:
- Earn by participating: Users will be able to earn LUNR by sharing, referring friends, and using the LunarCrush website and mobile app.
- Access to Premium Features:: As users’ LUNR balances increase, their level of access to data, insights and features will also increase.
- Governance: In the future, additional features will be added, including voting over the platform’s governance.
LUNR has a fixed supply of 250 million tokens. Close to 86% will be distributed over the next 5 years in the following way:
- 51% will be distributed to the community,
- 29% will be allocated to operations, in order to build the ecosystem,
- 20% will be reserved to different initiatives dedicated to sustaining its development.
The technical wizards among you can check the LUNR contract. 🧠
How to claim your free LUNR
To celebrate the launch, we’re giving away $50 worth of LUNR to new Okcoin customers. To be eligible you just need to:
- Be a new Okcoin customer – sign-up.
- Opt-in to participate here.
- Use Okcoin’s Buy Crypto feature to purchase $30 worth of LUNR.
- Pass identity verification level 2 (photo ID).
Be quick though, the promo runs from October 21 to November 4. Terms and conditions apply – learn more.
Not new to Okcoin? Congrats! You have a chance of winning $1,000 worth of LUNR. 👀
Here’s what you need to do:
- Follow @Okcoin on Twitter.
- Retweet our LUNR announcement, tag @Okcoin, and add #onlyonokcoin.
- Pass identity verification level 2 (photo ID).
You’ll have to be real quick on this one since it ends October 22 at 1 pm PT. Terms and conditions also apply – learn more.
