A new FLP on allocation for institutional contributors

Lucidao
3 min readApr 9, 2022

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FLP#0004 ALLOCATION FOR INSTITUTIONAL CONTRIBUTORS

Dear Lucidao Community,

Our objective at Lucidao is to ensure high-quality stakeholders gravitate around our ecosystem and further boost the protocol. In this regard and after a reflection on recent developments, Lucidao team decided to vote for the allocation of approximately 26.4M LCD tokens to be sold at a price of around $0,085 per LCD (weighted average of LCD traded value during the last 30 days) to institutional partners for around 2.25M USDT committed to Lucidao’s long term success and vision.

The stakeholders that have expressed interest in being onboarded in the Lucidao project are presented below.

Sandeep Nailwal is the Co-Founder at Polygon Technology, he started his career in 2010 as a Software engineer and has been heavily involved in blockchain since 2017. That very year, he joined Polygon (Matic Network) as a Co-founder & Chief Operating Officer. His primary focus is onboarding decentralized applications on the Matic network to achieve scalability and improved speed of transactions. Nailwal is also the founder of India’s Crypto Covid Relief Fund.

Polygon Studios Owned and operated by Polygon, it is a media hub delivering the fast growing world of web3 entertainment to the masses.
Their mission: Scaling the future of digital culture.

Arcanum Capital is a VC firm that focuses on supporting enterprising and forward-thinking teams establishing decentralized networks and applications for the global blockchain ecosystem.

The Watch Boutique Holding (TWB Holding) was born from the passion of enthusiasts to create a unique solution where the buying experience of watches is maximized. The company is already an active participant of Lucidao governance and is looking to be the first oracle for watches on the luxury collectible marketplace.

The WatchBoutique

Lucidao Core Team consists of world-class developers, serial entrepreneurs and business specialists. They have graduated from top-tier universities and MBAs (Stanford University and IE Business School) and gained experiences in Goldman Sachs, Boston Consulting Group and others. Despite the fact it is common practice to allocate tokens for team members of crypto projects, Lucidao has never allocated any LCD on a free basis. Therefore the core team would contribute to this sale round.

The above parties can bring extensive experience from the global blockchain ecosystem and assist in building Lucidao and its upcoming dApps by utilizing their broad networks and capabilities.

If you haven’t yet, read the proposal here and go to vote before 11/4/2022, 02:53 AM CET.

And don’t forget to follow our channels to keep up to date on upcoming developments!

- Discord: https://discord.gg/lucidao

- Telegram: https://t.me/lucidao

- Twitter: https://twitter.com/Lucidao_

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Lucidao
Lucidao

Written by Lucidao

Lucidao is the bridge between your real-world assets and the blockchain.

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