This is how they define themselves: The biggest blockchain project in Latin America; no more, and no less.
I would add that if what they have in their White Paper is fulfilled, we would be talking, in my opinion, about the largest start-up related to the Crypto sector, not in Latin America, but all over the world.
Let's see what products and services they will offer:
- Be digital currency (payment method).
- Payment gateway.
- Fundraising platform for startups and companies.
- Digital registration office.
- Wallets on the web + Desktop (On the PC).
- Android and IOS wallet.
- Authenticity records. (As a notary).
- Smart Contracts.
- Decentralized Exchange.
- Debit and credit cards, including private brands for companies.
- POS for shops.
- Bills Payments (Only in Brazil).
- Incubator of ICOs, not only as crowdfunding, but also as generator of tokens.
- ...... I'm sure I've missed something ...
And all this they want to develop in just 2 years, from January 2018 to Q4 2019.
At the moment, we are in Q2 2018 and already have some developed points from the Road Map:
- Hybrid Wallet (multi-currency)
- Pre ICO. Next May 30 they will launch the mainnet and with it they will release the tokens, so it seems that they are meeting their demanding deadlines.
TEAM
The founder is Lucas Magno, president of a Brazilian publisher and entrepreneur. He studied at the University of Architecture.
The rest of the team, about 15 people and 3 external consultants is made up of people with some experience in software development and creation, I do not know if it is enough to develop a project as big as this one. Most of them have their Linkedin available on their website
( https://lunes.io/#lunes-time )
MARKET:
When your White Paper covers so many activities, it is impossible to define your market, it is so big that it is infinite. What is the turnover of sectors such as debit / credit card payments? The one of the Exchange? The one of the ICOs? The Notaries'? The one of the Smart Contracts? ... ..
It is impossible to put figures to that. Thousands and billions of $.
With only 0.5% of any of the related markets being obtained, its value would be immense.
IDEA
I think they develop a central idea that surrounds everything, and it's something really good: People are not involved in the crypto world because of of fear and ignorance, let's get closer!
They try to make it easier for you. They want someone to buy 1 btc or 1 eth as if they buy some eggs in the supermarket, and at the same time they can pay with a card in the supermarket that actually has 1 ethereum balance.
That, I suspect is the primary and central objective. They seek to bring Crypto closer to the real world and vice versa, so that the FIAT and Crypto worlds are mixed through online wallets + payment gateways + pos+ apps on the mobile.
The idea is to use the blockchain's potential and the smart contract to provide simple solutions to all. And that is a goal in which we should all participate. Will they get it?
WALLET
This section deserves a separate chapter, as it is undoubtedly one of the great revolutions that promote.
It would be the first hybrid portfolio in which you can store, simultaneously: Lunes + Bitcoin + Ethereum + Litecoin.
It will also have different versions: Web + Desktop + Android + IOS.
Within the wallet itself you will have the following functions:
- Block Explorer.
- Leasing (similar to staking).
- Voting system.
- Lunes Market (exchange).
- Bill Payment.
- Management of debit cards.
LENDING
Let's say it's the closest thing to staking we can find. 5% of annual ROI will be the rewards that will be offered. Obviously, you can only think in stake at this ratios when you are sure that the profit will come from the increase of the coin value.
MASTERNODES
With a 5,000 Lunes collateral required, you can start running the Lunes Masternodes.
In Lunes, with the system of leased Proof-of-Stake (LPoS), there is no creation of new coins for each block because all the coins are already generated in the distribution of the ICO. Therefore, the mining rewards will be from the transaction fees of that block.
That is, we do not know the ROI, but it will not be very high (i suspect), since new currencies are not created.
The ROI will directly and proportionally depend on the number of transactions in the network. The more transactions, the higher ROI.
This means that ROI depends on the success and use of the currency in real cases. Honestly, that is appreciated, avoid inflation and be like any other useless masternodo that ends up being worth zero.
Here the benefit will come from the increase in the value of the currency, not the ROI.
DISTRIBUTION OF COINS
In total, the ICO will generate 600 million coins, and there will be no more.
The distribution will be as follows:
- 21% remain in the property of the founders: 150 million, will allocate part of these funds to bounties, campaigns, own expenses etc. Leaving 102 million as a reserve fund.
- 79% on sale at the ICO: 450 million. The White Paper says: "If the ICO does not reach cap. desired maximum, the remaining tokens will be deleted. "From what I understand, that remnant will be burned.
CONCLUSIONS:
The idea and the benefits that they want to offer are simply spectacular. The project is giant.
The intention of bringing crypto and fiat together and giving real uses to specific cases, relying on individuals as well as companies and institutions is unbeatable and their intentions magnificent.
At the moment they are fulfilling their roadmap, but I would understand some delay in the future since the team seems short for a project like this. The logical thing is to think that they will adapt it to the circumstances.
It will be important the evolution of the sale during the ICO, because if they are forced to burn too many coins and then the project becomes real and triumphs, we would talk about infinite returns.
The ICO ends on May 30, 2018.
You can access more information and participate in the ICO at these addresses:
Web: https://lunes.io/
Discord; https://discord.gg/2zpywNW
Telegram: https://t.me/LunesPlatformEN
Twitter: https://twitter.com/lunesplatform
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