Lumerin is a groundbreaking decentralized protocol that is transforming the landscape of Bitcoin mining by enabling the peer-to-peer trading of hashpower. At its core, the Lumerin Protocol facilitates the creation of a global, censorship-resistant marketplace for hashpower, allowing participants to buy and sell computational power used for mining cryptocurrencies like Bitcoin. This innovative approach addresses several long-standing challenges in the traditional mining industry, including accessibility, flexibility, and capital efficiency. By decentralizing hashpower exchange, Lumerin empowers both large-scale miners and individual enthusiasts to optimize their operations, manage risk, and access mining resources more efficiently without relying on centralized intermediaries.
The Lumerin Protocol leverages the power of smart contracts to execute and enforce agreements between buyers and sellers of hashpower. These smart contracts ensure transparency and trustless transactions, guaranteeing that both parties fulfill their commitments. Miners looking to monetize their idle or excess hashpower can list it on the marketplace, setting their desired price and duration. Conversely, individuals or organizations seeking to acquire hashpower for mining purposes can easily purchase it, gaining access to the computational resources without the need to invest in expensive hardware or manage complex mining infrastructure. This flexibility is particularly beneficial for those who want to participate in Bitcoin mining without the significant upfront capital expenditure and operational overhead. The protocol's architecture promotes an open-source development environment, encouraging community contributions and audits to enhance its security and functionality.
The native utility token of the Lumerin ecosystem is LMR. LMR tokens serve multiple crucial functions within the decentralized hashpower marketplace. They are primarily used to pay for hashpower contracts, acting as the medium of exchange for the buying and selling of computational resources. Furthermore, LMR can be used for staking, allowing token holders to participate in the security and governance of the Lumerin Protocol. Stakers contribute to the network's stability and reliability, earning rewards in return. The token also facilitates decentralized governance, empowering LMR holders to vote on key protocol upgrades, parameters, and future development directions, ensuring that the platform evolves in alignment with its community's interests. Lumerin’s vision extends beyond simply trading hashpower; it aims to build a robust Web3 infrastructure layer for the entire digital asset mining industry. By providing a secure, transparent, and decentralized marketplace for hashpower, Lumerin is poised to unlock new opportunities for participation in the foundational economic activities of blockchain networks, contributing to the broader decentralization and resilience of the Bitcoin network and other Proof-of-Work chains.
Lumerin [LMR] is a token based on Ethereum, Arbitrum blockchain. The most actual price for one Lumerin [LMR] is $0.002977. Lumerin is listed on 2 exchanges with a sum of 3 active markets. The 24h volume of [LMR] is $4 149.79, while the Lumerin market cap is $1 806 156 which ranks it as #1413 of all cryptocurrencies. You can find more information about Lumerin [LMR] on lumerin.io
# | Exchange | Pair | Volume (24h) | Price | Volume (%) | Category | Fee Type | Updated |
---|---|---|---|---|---|---|---|---|
1 | ![]() C | $2 947.97 | $0.003010 | 71.040000% | Spot | Percentage | 1 minute ago | |
2 | ![]() C | $663.86 | $0.002901 | 16.000000% | Spot | Percentage | 1 minute ago | |
3 | ![]() C | $537.96 | $0.002891 | 12.960000% | Spot | Percentage | 1 minute ago |
#101
16.41%
#90
-17.01%
#8826
0.74%
#8494
no data
(18 hours ago), 2 min read
(24 hours ago), 1 min read
Hardware wallet | Yes |
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Website | lumerin.io |
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Wallet | Coins Mobile App |
Source code | github.com |
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Asset type | Token |
Contract Address |
Explorers (2) | etherscan.io arbiscan.io |
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Tags |
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How to buy Lumerin? How can I buy the Lumerin coin? Lumerin stock how to buy? How to get Lumerin?
To find out where you can buy currency Lumerin see the list of available exchanges.
Where to trade Lumerin?
Click here to see the list of available exchanges for Lumerin.
Lumerin is a groundbreaking decentralized protocol that is transforming the landscape of Bitcoin mining by enabling the peer-to-peer trading of hashpower. At its core, the Lumerin Protocol facilitates the creation of a global, censorship-resistant marketplace for hashpower, allowing participants to buy and sell computational power used for mining cryptocurrencies like Bitcoin. This innovative approach addresses several long-standing challenges in the traditional mining industry, including accessibility, flexibility, and capital efficiency. By decentralizing hashpower exchange, Lumerin empowers both large-scale miners and individual enthusiasts to optimize their operations, manage risk, and access mining resources more efficiently without relying on centralized intermediaries. The Lumerin Protocol leverages the power of smart contracts to execute and enforce agreements between buyers and sellers of hashpower. These smart contracts ensure transparency and trustless transactions, guaranteeing that both parties fulfill their commitments. Miners looking to monetize their idle or excess hashpower can list it on the marketplace, setting their desired price and duration. Conversely, individuals or organizations seeking to acquire hashpower for mining purposes can easily purchase it, gaining access to the computational resources without the need to invest in expensive hardware or manage complex mining infrastructure. This flexibility is particularly beneficial for those who want to participate in Bitcoin mining without the significant upfront capital expenditure and operational overhead. The protocol's architecture promotes an open-source development environment, encouraging community contributions and audits to enhance its security and functionality. The native utility token of the Lumerin ecosystem is LMR. LMR tokens serve multiple crucial functions within the decentralized hashpower marketplace. They are primarily used to pay for hashpower contracts, acting as the medium of exchange for the buying and selling of computational resources. Furthermore, LMR can be used for staking, allowing token holders to participate in the security and governance of the Lumerin Protocol. Stakers contribute to the network's stability and reliability, earning rewards in return. The token also facilitates decentralized governance, empowering LMR holders to vote on key protocol upgrades, parameters, and future development directions, ensuring that the platform evolves in alignment with its community's interests. Lumerin’s vision extends beyond simply trading hashpower; it aims to build a robust Web3 infrastructure layer for the entire digital asset mining industry. By providing a secure, transparent, and decentralized marketplace for hashpower, Lumerin is poised to unlock new opportunities for participation in the foundational economic activities of blockchain networks, contributing to the broader decentralization and resilience of the Bitcoin network and other Proof-of-Work chains.
Lumerin is a token and it means it is a cryptocurrency, which based its activities on the blockchain of other cryptocurrencies such as Ethereum Blockchain or EOS Blockchain. Examples of Tokens: Chainlink, OmiseGo, 0x.
What is the Lumerin coin cap?
Circulating supply of this Lumerin is 606615000. Total supply of this coin/token is 1000000000. Max supply is 1000000000.
What is the value of Lumerin coin?
1 Lumerin is worth $0.002977.
To get price and historical data for Lumerin coin, use API ID: lmr-lumerin for endpoints at http://api.coinpaprika.com.
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