image source | edited by me
Background
Did you know that a multi-lingual encyclopedia platform like wikipedia has made a considerable profit from advertising revenue. According to the data I found in an article, Wikipedia has made at lest 1.2 billion dollars from advertising. On the one hand we can assume that the Wikipedia platform is indeed quite successful in this governance.
However, who would have thought that the science platform could be easily edited and falsified by anyone. This is an initial concern for all of us. There is a governance that is not maximized by their team.
Should knowledge sharing platforms such as Wikipedia have to be managed with a safer and more secure system. What's more, the current platform of Wikipedia is a very popular science platform. There are many people who have consumed science there.
Openness and freedom to contribute as contributors on Wikipedia has opened up space for crime. They have not been able to properly place any information based on analysis and verification by a great system. So that there are many people freely working on many things there.
This seems to be an act that is left unchecked. I myself have a significant level of concern about this. Although some of the debated articles will be edited soon and show the truth. However, this certainly cannot be done optimally.
Moving on from this basic problem that has enough impact, it is very important for you to get to know the encyclopedia platform with different business concepts and models. In my research on various websites, I have found Lunyr.com to be one of the best types of encyclopedia websites. This is a very appropriate option for you to avoid the level of concern about the adoption of inaccurate information.
Introduce Lunyr
Lunyr is a site that aims to present a blockchain-based encyclopedia platform. It could be said that the initial philosophy of developing this platform was based on Wikipedia. But the Lunyr decentralized system makes it different.
In other words Lunyr is a decentralized crowdsourced encyclopedia based on the blockchain Ethereum.
The word decentralization implies the meaning that there is no centralized authority control. Undeniably the nature of the decentralization of this platform will make it a dream platform.
Apart from being decentralized, the platform also has quite unique governance. One of them is a peer review and appreciation system for every contributor who has made or edited articles. The biggest thing Lunyr wants to do is to present reliable and accurate information.
They value every contributor who contributes with rewards in the form of LUN tokens. Thus Lunyr has opened opportunities for you to make money. A pretty easy way for you to do is just make or edit articles. Then your article will pass the peer review stage and if accepted you will get a reward in the form of LUN.
In addition, someone who acts as a peer review who reviews will also get a reward. This peer review system is carried out as Lunyr commitment to provide accurate and reliable information to the public.
image source | edited by me
LUN Token
The long journey has brought their product development to the top. On March 29 to April 26, 2017 at 16:00 Lunyr took the initiative to raise funds. Initial offers begin by trading LUN tokens for ethereum and will last for all currencies. At the end of 2017, funds generated by crowdsale were collected to fund the development of the project.
LUN tokens follow the ERC20 standard so they can be stored on Ethereum wallets compatible with ERC20 such as MyEtherWallet. LUN tokens are used to place ads on the platform. This is a basic concept built on advertising systems. In addition, LUN tokens will function as part of encouraging contributions, peer review and resolving several important issues related to disputes and quality.
According to my analysis, their system works by collecting prizes and users are rewarded every two weeks. Distribution of tokens may have an impact on inflation. But their team has worked to deal with this by committing to creating inflation of around 3% per year that might occur.
At the development stage their team remains optimistic to focus on system mapping, improve content, accuracy, and increase readers' interest.
According to information from their blog in Medium, LUN can be easily liquidated. To start just by opening your wallet and choosing to send funds. Manual and direct LUN withdrawals. You can attract it wherever and whenever you want.
Investment Opportunities
The system and governance of the Lunyr project have a fairly good level of investment opportunities. It will be different if this kind of project is embraced or expanded to be more than just an encyclopedia, such as making it an academic site. Or maybe both systems can be adopted simultaneously.
Their team is very optimistic to make Lunyr able to build a global brand as the basis for an accurate, reliable and decentralized knowledge site. They continue to encourage contributions from data in real time to real science and will gradually become translations in various languages.
LUN tokens that adopt the ERC20 standard have good opportunities for long-term investment. It cannot be denied that Ethereum is the most important part of the development of cryptocurrency. Their exchange value continues to change and is included in the reasonable and feasible investment category.
The economic token management system through the application provides an opportunity to increase capacity in the trading market. This does not rule out the possibility that LUN will be part of the ERC20 standard future investment.
Download the Application and Start Contributing
The website is very comfortable to use, clean and neat. In the case of peer review this system is easy and fast. Writing articles can be done quite easily and simply. Their updates have provided writing services manually.
In addition, development has also added several different of languages. To start writing, don't forget to choose the language you want to use.
Contributing to Lunyr is a fairly easy step. You must download this application first. There are several types of options and application models that you can use.
The most important thing is to make sure the application is compatible with your device. On the Lunyr website there are applications for Windows, Mac, Linux Desktop. Please review this at https://lunyr.com/downloads.
Download now and start by creating an account, write or edit articles, past the peer review stage, if approved then you have the right to receive several prizes in the form of LUN tokens.
Public API
On May 7, 2018 it was announced that their public API had been released. The API has allowed you to access the content and title of the article. The step that needs to be done is to create a development key and open the profile with the tan API and click the Generate API Key. Or study this directly at http://knowledge.lunyr.com/docs/.
Through the Lunar API, decentralized applications will be able to take the knowledge base and retrieve accurate data about real-world events. The development of Lunar API will have a good impact on the following three components.
Virtual Reality
The Lunyr API enables an interactive virtual world experience to increase. This allows you to enjoy real information. You will be carried away in a real situation such as diving in the ocean or flying into space.
Artificial intelligence
Lunyr also adopted an AI system that was upgraded through the Lunar API. This will allow you to interactively receive answers based on the questions you ask. The answer is something that is very reliable and accurate based on facts.
Augmented Reality
In this section, you will feel like using augmented reality glasses. This allows you to enjoy all the knowledge bases and information you need.
Their Team
Their team is experienced people who have worked on blockchain companies.
CEO, Arnold Pham, is a student at the University of California majoring in cellular biology, and post bac at the University of Pennsylvania. He has established the second largest ethereum group in the Sillicom Valley.
CTO, Christopher Smith, is a graduate of the University of Miami who majored in Computer Science and Mathematics. He has a number of experiences in blockchain development. In addition, he has also been a founder of several companies.
COO, Andrew Tran, he studied at the University of California in the field of ilmy computer. He was an executive for an account with an American multinational technology company called Oracle.
By looking at a small part of their profile, we can be sure that they are the founders of a great project and will ensure that many new things will come to Lunyr.
In this final part
I want to say that this project is very feasible to support and has good intensity towards the development of the blockchain. There are many choices you can make to support this project, by becoming an investor, contributor, peer reviewer or reader. Hope you enjoy this review.
For More Information
DISCLAIMER :
This is not financial advice, nor a guarantee or promise in regards to any result that may be obtained from using the above content. The information provided here is for informational and entertainment purposes only. It should not be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.