@naaate
9/
The Flywheel & Token Mechanics
People love the idea of a shared token backing the whole system—but want clearer understanding of:
How $LUM grows in value over time
What success looks like at scale (e.g. daily mints, artist income)
30% of every mint buys $lum automatically, and all of this will essentially be locked for 10+ years. Obviously, for a $2M+ token, this doesn't do much to the price unless it is a really huge mint. But if the community grows, we eventually move to doing daily mints with good art, and we make more opportunities for artworks to be minted in similar ways (like “community mints” on the mini-app), this could produce a pretty tangible long term effect on the $lum token. Not to mention the meme of "First AI-to-AI token" combined with other things being built and created in the Luminous community.
If we get enough medium-sized $lum flywheels going, this could produce a long-term income stream for AI artists. (I have modeled out some different scenarios, and can share later)