L1ght L1st Spawning Pool, Dec 7th 2021
What is L1ght L1st?
L1ght L1st is a new way to invest in cryptocurrency. Instead, doing an ICO (Initial Coin Offering) or IDO (Initial Dex offering) L1ght offers IHO’s (Initial harvest offering). Here is how a IHO works:
- Projects list their token on L1ght L1st and become “seeds”.
- For 7 days the token is listed as a seed and investors can not purchase the token.
- During this time investors research the listed projects.
- If an investor likes the project they “shine” their L1ght on the project with their L1ght tokens. This locks their tokens on a project until the end of the week.
- The project that has the most L1ght shined on it becomes selected as a “Sprout”.
- Investors who chose the winning project are rewarded in the token they selected and everyone receives their tokens back at the end of the week.
- Once the project Sprouts a fixed amount of tokens are sold at a set price until the tokens run out or 28 days expires.
- A Harvest pool is deployed that pairs the newly Sprouted token with L1ght tokens. This provides liquidity to the L1ghtsw1tch and a variety of aggregators.
L1ght L1sting also offer other services like Whitepaper writing, utility review, and access to other services like Brew Labs.
Why L1ght L1sting?
L1ght L1sting is an innovative project that seeks to select the best crypto startups for investment and liquidity. It does this in a democratic fashion that provides safety to its users and opportunity to investors. It also provides large amounts of services to new projects including:
- A way to sell their tokens
This provides a safer way to invest in startup crypto projects and provides startups with services like liquidity that they desperately need.
The NFT and L1ght L1sting Pool
Stake $ZMBE in our L1ght L1sting spawning pool and you can earn this NFT after 45 days and it will be considered LEGENDARY NFT in it’s ranking status.
The L1ght L1sting pool will be active for 45 days and then the NFT minting will shut off. You will only have 45 to mint the NFT after that the timer will shut off. This means you must be in the pool for at least half the time to receive the NFT because the timer will expire. Just as GRAVES have withdrawal timers our SPAWNING POOLS have similar mechanisms to encourage long term staking.
Harvesting $L1ght will not impact the NFT staking in any way. If you want to learn more about the L1ght L1sting project check out their site here.