About LUN Technology
Lunyr is a peer-2-peer decentralized and crowd-sourced knowledge network that uses tokens called LUN to reward its users for peer-reviewing and contributing articles.
LUN tech is created on the Ethereum blockchain and it’s wholly integrated into the Ethereum ecosystem.
The LUN tokens (or coins) serve as an incentive for active users who write or review articles written by others. This act for sure encourages active participation, the contribution of useful data and peer-reviewing of articles to make sure that quality standards are met and to also ensure that accuracy is maintained at a high level.
As soon as a user's submission is approved, the author of that article will be given a reward in the nature of contribution and honour points, CBN and HNR respectively. Note that these points are not transferrable; the platform has ensured that only active contributors to the network are holders of CBN and HNR points. Then the CBN is converted to LUN tokens at the end of the two week reward period, while the HNR points are used as voting power on proposals and disputes.
Since the Lunyr is backed up by the Ethereum blockchain, the LUN coin is following the ERC20 token standard. LUN coins are not mineable and have an aggregate supply of 2,703,356. The coins will be generated from the revenue received from Advertisements, with a growth level of approximately 3% every year.
LUN coins can be used to acquire ad-space on the platform, unlike platforms that don't allow ads to run on their pages, like Wikipedia.
Every submission on Lunyr will undergo a peer-review procedure and will be approved only if they successfully pass this review process. This will ensure that incorrect contents seen if not promoted. All users whose articles have been approved must also review other submissions as well.
Some Key Features
Innovative Approach to utilizing the Blockchain Ecosystem - Lunyr has a bright future, a unique vision and absolutely efficient in ensuring that the usage of blockchain technology will provide a comprehensive, crowdsource, decentralized and a peer-review knowledge, free and open to all.
The Ground-breaking Lunyr API - Lunyr doesn't just aim to be a book of knowledge for the internet, but also aim to improve the blockchain technology by providing DApps (Decentralised Applications) with the capability to gain access into the knowledge base and tap actual information. This innovative feature can be used in applications that range from Virtual Reality to Artificial Intelligence.
Avoiding inappropriate or malicious information - The peer-to-peer and decentralized nature of Lunyr ensures that all content on the knowledge-base is manipulation and censorship free. As a result of the peer-reviewing of the submissions by the community, the chances of dubious or malicious data creeping into the system are very low.
Giveaways for contributors - Unlike other crowdsourced knowledge platforms, Lunyr offer rewards in the form of LUN coins with real-world value for contributors, the LUN coins can be utilized just like any other altcoin.
Best and Easy-medium to advertise your services or products - There is a record of an estimated 470 million visitors to Wikipedia every month, viewing over 19 billion pages each month. The opportunity for individuals to advertise products on services on a similar platform, like Lunyr, is a game-changer in the world of advertising and marketing.
HOW TO PURCHASE AND STORE LUNYR?
How to Purchase Lunyr
Note that LUN coin cannot be mined, but can be earned as from writing quality articles and peer-reviewing of other submissions on the Lunyr knowledge network.
LUN coins can also be used to purchase space for advertising products and services on the Lunyr platform.
LUN Wallet
Since Lunyr has no custom wallet, but it is an ERC20 based token on the Ethereum blockchain, this allows LUN coins to be stored in any Ethereum wallet. Examples of the popular choices are Mist Ethereum wallet and MyEtherWallet.
LUN has maintained steady growth in popularity and utility since its launch. The coin has been predicted to rise to USD 19.960 before the end of 2019, and USD 65.112 within the period of 5 years, which has indeed given Lunyr a very positive outlook.
What makes Lunyr (LUN) peculiar from other cryptocurrencies.
Lunyr is broadly different from most cryptocurrencies both in vision and purpose, examples Bitcoin or Ethereum. While other cryptocurrencies are more concerned about emulating transactions, Lunyr aims to use LUN coins to incentivize users and create a decentralized, crowdsourced, and peer-to-peer knowledge network, that can be freely available, updated and shared by anyone, without any fear of censorship.
Unlike other platforms, Lunyr provides an innovative and unique medium to share and exchange knowledge, along with offering a modern and reliable way of advertising your products or services to a broad demographic, a feature most coins do not possess.
LUN coins cannot be mined, unlike other cryptocurrencies, therefore the total environmental consequence of the Lunyr network is almost insignificant compared to the influence of the consumption of coins such as Bitcoin.
For more information on The Lunyr and its development team visit https://lunyr.com/
Or on bitcointalk at https://bitcointalk.org/index.php?topic=1818468.0
References
DISCLAIMER
This is not financial advice, neither is it a guarantee to any result that you might obtain from using the above content. The information provided here is only for informational and entertainment purposes. Nobody should make any financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.