Kommunitas launch its new IKO – LIGHT YEAR

The Light Year ($LC) Public Sale on Kommunitas

In late December 2021, the decentralized launchpad Kommunitas hosted the public sale for Light Year, a play-to-earn (P2E) sandbox metaverse game. The event provided an opportunity for Kommunitas community partners and the public to acquire the native $LC token before its listing on a decentralized exchange.

This guide provides a historical overview of the sale, including the tokenomics, vesting schedule, and the specific participation rules for the whitelist.

About Light Year: A P2E Sandbox Metaverse

Light Year is a play-to-earn sandbox game set in a vast metaverse. The project was designed to allow players to build, create, explore, and monetize their own virtual experiences and assets. As a sandbox game, it emphasized player freedom and creativity, positioning itself as a community-driven virtual world.

Public Sale Details (December 2021)

The public sale on Kommunitas was structured with clear terms to ensure transparency for all participants.

Token Sale Details & Vesting Schedule

• Sale Start Date: December 28, 2021 (9:00 AM UTC)
• Token Symbol: $LC
• Public Sale Price: 0.15 USDC
• Total Supply: 100,000,000 $LC
• Vesting Schedule: 40% of the tokens were unlocked at the Token Generation Event (TGE), followed by 30% released each month for the subsequent two months.
• DEX Listing: The token was scheduled to list on PancakeSwap in early January 2022.

Whitelist Participation Rules

Kommunitas employed its standard, structured approach for the sale to ensure a fair process for all whitelisted participants.

• The “Booster 1” Requirement: Whitelisted addresses were guaranteed an allocation but were required to purchase it during the first round of the sale, known as “Booster 1.” Missing this initial window meant forfeiting the spot.
  
  
• Payment Method: All purchases had to be made using USDC on the Polygon network.
  
  
• Wallet Strategy: It was recommended that participants already staking $KOM use a separate, non-staking wallet for the whitelist. This allowed them to secure their whitelist purchase in Booster 1 while still being eligible to participate in other sale rounds with their primary staking wallet.
  
  
• Approval Process: All whitelist spots were subject to final approval by the Kommunitas and Light Year teams.