INTRODUCTION

The world is connecting together more and more each day, while at the same time, there seems to be more division and disagreements than ever before. What if we could find a way to bring people together in a globally connected society using a decentralized, borderless currency. Well, that's exactly what the project, Lumin coin is doing.

Lumin coin was established by Harvard students and is backed by a group of advisors that includes Vitalik Buterin the founder of Ethereum. It aims to improve global economy with its mission to increase financial inclusion and make transactions faster, more efficient and more secure.

Marketers need to ensure they have enough budget allocated to each channel to reach their overall goals.

The Lumin coin aims to improve global society by solving a number of major problems. They are currently in their ICO stage and have raised over $2.5 million. In this blog we look at their goals and what makes Lumin coin special.

HOW LUMIN WORKS

The project is a cryptocurrency. It is an open source project, based on blockchain technology and peer-to-peer protocol. The total amount of coins are 21 million. The initial price of each coin is 0.001 ETH. The emission of coins is free for 3 years and then it is subject to the mechanism of inflation. The emission program of coins does not affect the development of the project. The 21 million coins are equally distributed among the lumin community. The 3-year emission program is intended to stabilize the network and give an opportunity to users to join the network and start mining efficiently. The 21 million coins will be distributed among the lumin community such that the amount of coins in each user’s account will be proportional to the amount of work done. The block time is 2 minutes with a reward of 5 LUM for each block. The reward for mining will be reduced every year in equal proportions for 3 years. The reduction will end on the 4th year. The block reward will have an unlimited amount at the end of the 4th year. The end of the emission program means that the amount of LUM will be equal to the amount of Ethereum coins.

MOONMAP

One of the most intriguing things about blockchain technology is the idea of achieving equality. The concept can be applied in many aspects of a person's life. Some developers have decided that the best place to start is with the internet. The internet is the primary thing that makes our modern society so fast-paced and convenient. Businesses can access information about their customers in real-time and streamline their supply chains. The internet can also be used to streamline the way governments work.

LUMINOMICS

A new project called the Lumin network wants to improve global society by using cryptocurrency to solve the world’s most pressing problems. The Lumin network uses Blockchain technology to connect people and businesses without the need for banks, as well as to give people access to financial services. The network is also using cryptocurrency to make the world a better place. The network is using a new cryptocurrency called Lumin that can be used to pay for things all over the world. The currency will also be used to reward users for doing good deeds like recycling, planting trees or volunteering. The project has already received $37 million in backing from investors, including venture capitalist Tim Draper.

CONCLUSION

Lumin coin aims to improve global society. Lumin coin has been created to make a positive impact in the world by building a decentralized, sustainable and transparent economy. Lumin coin is the first cryptocurrency to use masternodes to secure its network and to reward the contribution of users to its development. Unlike most cryptocurrencies that are subject to the whims of the market, the value of Lumin coin is based on the value of its core network. With a maximum supply of 99,999,999.99 coins, the value of Lumin coin is anchored to the value of its core network and not to speculations. By design, Lumin coin is a deflationary currency, with a total of 99,999,999.99 coins. This fixed supply of coins, combined with the use of masternodes, is designed to create a stable and sustainable economic system, with the best interests of the network in mind. Hope you enjoyed our blog.

USEFUL LINK
Website: http://lumintoken.com/
gitbook: https://lumincoin.gitbook.io/
Telegram: https://t.me/LuminCoin
Twitter: https://www.twitter.com/LuminCoin
Discord: https://discord.gg/HHtXCUJSCS
Facebook: https://www.facebook.com/Lumin-Coin-109214571858497/

Author's Details

Forum Username: Lichy
Forum Profile link: https://bitcointalk.org/index.php?action=profile;u=2934670
Telegram Username: @lilianmbielu
Telegram Link: https://t.me/lilianmbielu
Proof of Authentication: https://bitcointalk.org/index.php?topic=5406472.msg60643441#msg60643441
BEP 20 Address: 0x1E07E186726D6afEeC230bEAB717191B4F40b0CB