Responding to ANJI Holder Feedback
Since our announcement two weeks ago, we have been listening to feedback.
The Lunar and Anji Foundations are proud to announce a new partnership designed to accelerate both ecosystems ahead of the next wave of crypto innovation.
The deal, months in the making, will see the Lunar Foundation take control of the IP for most of the Anji ecosystem and support the Anji Foundation’s renewed focus on their successful “A KID called BEAST” (AKCB) NFTs as Lunar’s first customer.
Back in April, Anji Foundation’s CEO Caleb Smiler, approached Lunar Foundation’s MasterJedi on Telegram about a partnership.
“I had been looking at different projects to partner with for a while. Lunar was the first one we found that seemed to fit our design ethos, attention to detail, focus on quality, and enthusiasm of the community. It checked all the right boxes for us. So I reached out.”
- Anji’s Caleb Smiler
What started out as a discussion about a Swap widget quickly went deeper.
“In the beginning of these types of conversations I’m always skeptical. I mean, we get pitched partnerships all the time. But I was quickly impressed by the quality of the team, cleanliness of their UI, the number of chains they supported, and the depth of features with AnjiSwap. As I learned more, it quickly became clear there was quite an opportunity in front of everyone.”
- Lunar’s MasterJedi
The Lunar Foundation was thoroughly impressed with what we saw. When we dug into the overlap between the communities, we found over 600 holders actually own both ANJI and LNR. So clearly members of our communities knew a good thing when they saw it.
As Caleb explained, "Anji emerged from the need to address existing limitations within the DeFi token space. Envisioned as a platform that could simplify and streamline, our goal was to create DeFi products that made the space more accessible, especially to those dipping their toes in for the first time. With a strong belief in the transformative power of altruistic goals, we championed tokens dedicated to using innovative technology for the greater good. Our overarching aim was to develop holistic solutions that benefited individual users, encouraged thriving ecosystems, and facilitated the advancement of various projects."
At the heart of the Anji ecosystem is the AnjiSwap platform, a multi-chain DEX that lets you execute single-chain trades on seven different chains: Avalanche, BNB Chain, Cronos, DogeChain, Ethereum, Fantom, and Polygon.
With a clean and easy-to-use interface, AnjiSwap supports simple on-chain pricing for real-time processing at lower slippage. And any token can have multiple liquidity pools. AnjiSwap automatically suggests the best option, while allowing you the freedom to pick the one that works best for you.
AnjiSwap also boasts a built-in crypto on-ramp, powered by OnRamper that aggregates 15 different on-ramps into a single solution. Furthermore, the app can be white labelled so other crypto projects can leverage it for their own branded DEX solution.
In addition to the main AnjiSwap app, there is also an embeddable and customizable “Lite” version that can be easily integrated into any dApp.
Like Lunar, the Anji team also had aspirations to build innovative NFT experiences. Caleb explained, "a KID called BEAST or ‘AKCB’ began as a joint effort among multiple parties, eventually growing into an independent entity that exceeded our initial expectations. At the start, our goal was to bring innovative changes to the NFT market by introducing augmented reality experiences to blockchain technology. Along the way, we recognized the necessity of a compelling character and solid intellectual property to truly connect with the masses. As a team, we dedicated time, love, and considerable thought to each aspect of BEAST, and we're incredibly proud of the final result. Every trait and detail of BEAST symbolizes our journey, our effort, and our commitment to bringing a meaningful addition to the NFT space."
Lunar was started because the entire crypto space is in desperate need of people to elevate the experience to make it simple, delightful, and magical. What was initially a way to build a better wallet evolved into a platform that helps crypto creators and consumers manage all aspects of their digital assets.
Powered by the Microsoft stack and engineered for massive scale, Lunar’s innovative ecosystem combines the best of Web2 and Web3 to build unexpected crypto experiences that surprise and delight.
The Lunar Ecosystem consists of the following products:
Lunar Mint is the flagship product today. Having powered the 3,333 Lunar Crystals Genesis Collection sale on BNB Chain last year, Lunar Mint lets NFT Creators manage every aspect of their NFT mint on their own domain, while giving collectors the most magical purchasing process they have ever experienced.
The process of minting an NFT is currently pretty terrible. Frontrunning bots, spiking gas fees, and bad reservation systems make the process inherently unfair.
Mint solves this problem by helping creators manage the end-to-end purchase experience while giving the buyer unprecedented insight into the process as well as peace of mind. It does this through the following features:
Lunar Mint is the centerpiece of our efforts to make digital asset creation and management far easier than it is today.
ANJI holders will be most excited about Lunar’s DeFi-focused products: OmniWallet, Portfolio, and Dex.
The Lunar Foundation’s vision for better crypto starts with the OmniWallet. “Switching wallets” is not a concept users should have to deal with. OmniWallet allows you to see all your assets in one place and helps consolidate assets across those wallets in order to complete transactions.
Portfolio takes the OmniWallet one step further and helps you easily research assets, track trends, manage your digital collectibles, and plan that next great acquisition.
Both OmniWallet and Portfolio are powered by Dex, the decentralized exchange that will use AI to intelligently route complex transactions. The Dex network of same-chain and cross-chain routers helps you move your digital assets where you want them while helping you minimize gas fees along the way.
“What I love about this partnership is that it really is a 1 + 1 = 3 situation,” said Marcus Yarbro, a Lunar Foundation Director who goes by the handle “Valiander”.
With that, both teams are excited to elaborate on our combined vision for these platforms.
In July, AnjiSwap will be rebranded as Lunar Dex. The current tech stack will be re-deployed to Lunar’s Azure infrastructure, while Lunar Foundation leverages the existing Lunar APIs to services-enable the branding, multi-tenancy, and token functionality in the existing app, as well as enable Dex in the Lunar Ecosystem Management app.
Lunar will leverage the white label functionality of Lunar Dex to maintain the BeastSwap platform for AKCB at swap.akidcalledbeast.com. AKCB will get to take advantage of expanded Lunar development on the platform and will get priority over feature requests and bugfixes as a Lunar customer.
The Lunar Foundation will integrate the Dex Anywhere widget with the existing Lunar Portfolio Preview app, and over time the Angular codebase will be ported to Microsoft’s Blazor.
At that point, the widget will be replaced with native Blazor functionality in the Lunar OmniWallet and Portfolio apps. However, the Dex Anywherewidget will still be available for 3rd-party developers.
The existing AnjiSwap routing contracts will provide the foundation for the first iteration of the Lunar Dex cross-chain routing solution. By making the existing contracts upgradable and combining them with our audited DevOps process, we can check the boxes on the "easy" problems and focus on one of the hardest problems in crypto: building cross-chain swapping mechanisms that are hardened against constant attacks.
AKCB is more than just a digital collectible. The ecosystem includes over a dozen token-gated utilities that AKCB holders can enjoy. We look forward to cross pollenating those benefits between both ecosystems as we work together to drive the adoption of digital collectibles.
Once we have a solution in place for making LNR multi-chain compatible, the Lunar Foundation intends to apply that solution to Lunar Crystals as well. That would allow you to move your Crystal to Ethereum or Polygon and do things like make your favorite Genesis Crystal your Twitter profile avatar.
Our partnership with AKCB will also allow us to learn what made their NFTs so successful and apply those techniques to Lunar Crystals and their holders.
With AKCB, we have a wildly successful customer and partner to help us understand the challenges of managing a digital collectible ecosystem at scale. The challenges they face managing their customers are the same everywhere, and their insight will help us develop joint solutions to benefit the entire digital collectibles ecosystem.
PLEASE NOTE. This section no longer applies. We are leaving it here for reference. Please see this update for more information.
Having completed a migration to upgradeable smart contracts in October 2022 AND having just received its auditor’s very first perfect audit score ever (out of over 150 projects), the LNR token is well positioned to take the combined ecosystem forward.
The Anji Foundation was also in the process of also upgrading the ANJI token to an upgradeable smart contract. Under this new partnership, those development efforts will no longer be necessary.
Moving forward, the Anji and Lunar Foundations will merge the ecosystem into a single, unified LNR token.
The advantages are clear:
The Lunar Dev Team will evaluate the ANJI contract for features that can be ported over to the LNR ERC-20 contract, and we will have more information on that at a later date.
When thinking about the conversion ratio between ANJI and LNR, there are really two main points to work out: what is the ratio, and when should the converted price take effect?
Everyone knows that the conversion ratio is going to be a touchy subject. The fact of the matter is, there is simply not enough LNR in the Lunar Treasury to convert at a 1:1 ratio, given the current price of both tokens.
We looked at three different options:
The Lunar Foundation has chosen to submit a 30% conversion rate to Lunar DAO for approval.
Putting millions more LNR into circulation immediately has a fairly significant impact. The Lunar Foundation has to balance that process in a way that doesn't unduly harm the ecosystem. The most appropriate way to do that is through a vesting contract. We can list that contract address with the various token websites as "not in circulation" and there will be a much more measured pace as vested tokens are converted.
The next question is of timing. Do we:
There are clear benefits and tradeoffs to both.
We believe it should be treated just like the migration ANJI token holders would have already gone through at some later date. That means issuing the new tokens now using a commercial vesting platform.
LNR is already listed on LBank, the only centralized exchange ANJI is currently on. Beginning immediately, the ANJI Foundation will begin the de-listing process with LBank. Once those holders exit the centralized exchange, they will convert at the same price and ratio as ratified by Lunar DAO and be added to the ANJI-LNR token contract on Unvest.io.
With ANJI’s decentralized exchanges, alert banners will be placed on the major coin profiles, pointing holders to landing pages that explain this transition.
Lunar has committed to airdropping the proper Staking rewards, and maintaining access to ANJI rewards redemption for the foreseeable future. Please see this post for more information.
Though the partnership between the Anji Foundation and Lunar Foundation is already a reality, a successful vote by Lunar DAO will be required to ratify the following steps:
The Lunar Foundation has posted the Lunar Improvement Plan (LIP) for a vote. Lunar DAO members can cast their vote now!
“The future of Lunar has never been brighter.” said ‘Silverdust’, a Lunar Foundation Director. “With this partnership, we’re excited to add the hard work of the Anji Foundation to our portfolio and accelerate delivery of the capabilities that originally brought Lunar holders to the ecosystem.”
Anji Foundation’s Caleb Smiler added “We’re so glad we get to see our community’s vision live on, and we’re looking forward to making Lunar’s products available to all our Beastholders in the weeks and months ahead.”
Since our announcement two weeks ago, we have been listening to feedback.
Get all the details about this huge update to our content strategy throughout the Lunar Ecosystem.