Our project, Moonlight is a distributed workforce and project management platform being developed in the NEO ecosystem by a number of City of Zion members and will be introducing a divisible, high supply NEP-5.1 system token called Lux.

What is the Lux Token?

The Lux token will use a similar, multi-token UTXO operating mechanic to NEO and Neon Exchange (NEX) to provide value to token holders. Addresses holding Lux will periodically be awarded GAS proportional to their Lux holdings. The amount of Gas awarded to Lux holders is proportional to the fees collected by the Moonlight project. The Lux token will have a utility within the ecosystem. By using the token for remittance, resolvers (The organizations that fulfills a task in the system) and issuers (The organizations that creates a task in the system) will be charged reduced system fees.

Token Allocation

Moonlight will be minting a total supply of 1 Billion Lux tokens as part of contract deployment. No additional Lux tokens will be minted in future. There will be no bonus provided during the pre-sale event to dissuade exploitative investing habits.

The exchange rates are as follows –

1 NEO = 2,000 LX

1 GAS = 800 LX

1 ETH = 15,000 LX

Allocation of the tokens will be as follows –

Immediate project growth — 30%

Pre-sale — 25%

Public token sale — 25%

Vested project growth — 20%

Token sale is in Q2 as outlined in the white paper. We have recently released our first addendum after releasing the white paper last month on March 3rd and it has expanded upon the token and funding allocation within the project as well as their vesting structure in a detailed manner.