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Sunday, February 5, 2023

Lunafi Ico Review: It Is Legit Or Scam Ico? Read Our Full

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About Lunafi Ico

Lunafi Ico is a leading decentralized and peerless DeFi betting protocol — providing users with a secure and trustless environment in which they can gamble, invest, and for the first time ever, become the house

By harnessing the power of the decentralized technologies, community governance, and autonomous smart contracts — they allow users to securely place peerless bets in a trustless, non-custodial betting platform that is set to revolutionize the global sports betting industry by allowing the player to invest and become the house.

To facilitate this, Lunafi Ico provide a complete DeFi platform designed to enable the integration of sports betting and prediction markets, powered by a protocol and community-owned liquidity pool known as a House Pool. This suite can be integrated by developers looking to add peerless betting functionalities to their dApps — the first of which will be LunaFi’s own dApp, Lunabets, a decentralized sports book application.

Lunabets is non-custodial utilizing LunaFi’s smart contracts and liquidity pools to ensure trustless payouts, meaning there is an immediate settlement made by the smart contract to the winning party, removing all counterparty risk. End users can utilize Lunabets to place bets in the knowledge that their wager is not only guaranteed to pay out from liquidity pools and smart contract, but is odds optimized and oracle confirmed, if they win.

ICODETAILS
Company NameLunafi Ico
Token SymbolLFI
AcceptETH
Ico PriceN/A
LanguageEnglish
Social SupportYES
Where To BuySolanium
AccessPublic
Support24/7
WhitepaperClick Here To View
WebsiteHomepage

Lunabets

Lunafi Ico is the first dApp built on the LunaFi protocol. Lunabets is a non-custodial gambling platform, utilizing LunaFi’s smart contracts and liquidity pools to ensure trustless payouts. This functionality ensures immediate settlement through smart contracts, removing all counterparty risk. End users can utilize Lunabets to place bets, knowing their bet is guaranteed to be paid out.

Future Products

In the future, LunaFi aims to become host to many exciting DeFi-powered gambling and gaming products, both as a result of partnerships and collaborations with third-party businesses and developers, and of our own efforts in extending the LunaFi ecosystem.

LunaFi Protocol

LunaFi is a DeFi betting protocol powered by its native $LFI token. Players earn $LFI rewards for winning bets on Lunabets. Liquidity Providers earn a yield on their investment in exchange for providing liquidity. Stakers earn $LFI for participating in the platform’s governance. Our goal at LunaFi is to devise an interoperable DeFi architecture thatrevolutionizes gambling. LunaFi completely removes the middleman by offering investors unprecedented access to become the house and claim a share of in-house profits.

LunaFi Ecosystem

At Lunafi Ico, they give new meaning to the traditional gambling saying of “the house always wins” by allowing users to become the house. Defi staking, farming, and yielding on LunaFi allow anyone to become part of the “house” and take a proportional share of its profits, paid out through decentralized liquidity pools and smart contracts.

They believe that every patron deserves the right to earn from their own bets, regardless of whether they win or lose, fully embracing the new way of thinking that blockchain innovation has produced. Trustless, decentralized betting with guaranteed liquidity and payouts is the future; DeFi gambling offering investors true, real-world utility and profitability.

The LunaFi ecosystem is decentralized, governed by community stakeholders, industry experts and project partners. This allows dApps to integrate LunaFi’s gambling infrastructure with transparency, minimal required trust in centralized operators, and with no centralized attack surfaces

Community Treasury

Fees

The treasury contract takes a percentage of the expected value of the house edge from Lunabets. This is allocated as follows. This covers the costs of running the platform.

Governance

LFI is the platform’s governance token, which gives token-holders the ability to participate in on-chain voting on new pool strategies and other platform decisions. This section outlines how members of the LunaFi community might use their tokens.

Securing the protocol

The primary mechanism for securing the LunaFi Protocol is the incentivization of LFI holders to lock tokens into the LFI Governance Module.

The locked $LFI will be used as a mitigation tool in case of a shortfall event within the House Pools as part of the LunaFi ecosystem. A Shortfall Event occurs when there is a deficit of funds in the House pools.

To contribute to the safety of the protocol and receive incentives, LFI holders will deposit their tokens, in return for a tokenized position that can be freely moved within the network. This token is known as vLFI.

Earning $LFI

The House Pools are incentivised for 36 months. You are able to stake your LP tokens from the respective house pools on LunaFi to earn additional yield in $LFI. The allocations and vesting schedules for each pool will be announced closer to IDO.

Bet Mining Rewards

Rather than just reward bets, ‘bet mining’ is an incentive to distribute ownership of the platform to users further to help encourage adoption. LFI can be claimed immediately after each bet on lunabets.io

$LFI Token

Lunafi Ico native utility token of the LunaFi ecosystem ($LFI) is designed to play a major role in the functioning of the platform from collecting fees to incentivizing all platform participants alongside proper governance.

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Disclaimer

Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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