$Magic LUM Token

Magic LUM is the governance token of the ShimmerSea DEX. It offers owners the opportunity to participate in the success of ShimmerSea.

Launch

Unlike the LUM token, Magic LUM is distributed exclusively via the Booster contract. Hereby LUM is upgraded to Magic LUM. The Booster Contract will go live about three months after the launch of ShimmerSea.

Minting

Magic Lum Token is the limited governance token of ShimmerSea.

Magic LUM has a maximum supply of 1 million tokens and can only be earned through the refinement booster.

Tokens are distributed over a 5-year time frame. The minting rate for the Magic Lum Booster will be adjusted monthly to ensure the maximum amount of 1 million tokens. Each monthly minting rate is defined in the Booster Smart Contract when it is created (see yearly overview table). 5.000 Magic LUM Token will be minted at the beginning for initial liquidity and will be locked in the liquidity pool smart contract.

Timeframe	Minting ML per Month (Average)	Cumulativ # Magic LUM Minted
Year 1	27.842	362.000
Year 2	13.200	520.400
Year 3	13.200	678.800
Year 4	13.200	837.200
Year 5	13.120	1.000.000

Utility

Magic LUM is the governance token of the ShimmerSea DEX. Magic LUM combines several features that make it more resilient and powerful than LUM:

The Magic LUM token provides access to all protocol earnings via a special staking pool.

• Magic LUM is limited to a total quantity of 1 million tokens.

• With Magic LUM, one participates in DEX's business model and receives special rewards via special staking pools.

• Magic LUM gives voting opportunities in the ShimmerSea DAO.

Magic LUM fulfills important characteristics of a robust token. Magic LUM is limited in total amount, generates cash flow through rewards, is diversified through the treasury and gives the holder voting opportunities over the DEX.

Magic LUM is therefore suitable for everyone who wants to shape ShimmerSea in the long term and participate in its success!