Lunyr is a decentralized knowledge base built on Ethereum blockchain that allows peer-to-peer reviewing of educative and informative contributions and rewards both the contributors and reviewers.
As a matter of fact, there is no limit to what we can build on Blockchain technology. We have seen this technology being utilized to bring better experience with unlimited benefits in different concepts. Now we have tasted the power of decentralization and we cannot wait to see this take over the global financial market. On the part of education, Blockchain technology has been leveraged on to bring several communities. Today, we have a decentralized crowd-sourced encyclopedia where people can find reliable and accurate information on different disciplines. We are talking about Lunyr - a decentralized community for knowledge sharing.
Introducing Lunyr
Lunyr is a decentralized knowledge base where people make a peer-to-peer contribution and get rewarded with the ecosystem’s utility token. This platform utilizes the features of Blockchain technology to build a community where people are treated equally without the interference of a third party. The traditional knowledge-based communities are controlled by centralized firms and do not usually have dividends for contributors. As well, submitted contributions may contain erroneous information since they do not pass through the necessary review stages. Lunyr brings an excellent solution to this by creating a knowledge base that allows peer-to-peer review among reputable contributors. Before passing the contributions to the main portal, they undergo thorough reviews. This defines the integrity of the contents on Lunyr platform.
Various components of Lunyr
Decentralized
Lunyr leverages on Blockchain technology to create a fully decentralized community that is censorship-resistant. Users can contribute any informative contribution without the fear of being restricted. Being a decentralized community make it more efficient. Reviewers can review contributions as soon as they are submitted without the need of waiting for any centralized authority. As well, this protects the community from government meddling.
Peer-reviewing and contributing
This is the main component around which the Lunyr ecosystem is built. The team strives to see knowledge and information seekers across the globe come together and leverage the power of decentralization. Just as it is done on various other knowledge bases, different people contribute the contents on Lunyr. The difference here is that the contributions found on this platform are completely accurate, non-erroneous and of high quality. This is easily achieved due to the presence of highly reputable reviewers on the platform. These reviewers assess contributions in a peer-to-peer manner before passing them to the portal for the users to explore.
LUN token
There are some tokens that act as fuel powering the Lunyr ecosystem. These tokens are published through the Ethereum network’s ERC20 protocol. Together, they provide an economy through which the participants are rewarded and the platform is maintained. One of these tokens is the LUN token. The LUN token is used by advertisers for ad placement within the community. Anyone can run an ad campaign on Lunyr. All that is required is the LUN token which is tradable on cryptocurrency exchanges.
CBN and HNR tokens
The other two utility tokens used on Lunyr are Contribution token (CBN) and Honor token (HNR). These tokens are used to reward the participants of this community. The CBN token is used to reward content contributors based on the quality and score awarded to their contributions by the reviewers. The HNR token is used to reward the certified reviewers as they evaluate each contribution. The reviewers use some set rules and standards to award a score for each contribution submitted in a peer-to-peer manner. For their work, they are rewarded with HNR token. Both the CBN and HNR tokens are redeemable. They, however, need to be exchanged for LUN via the Lunyr internal exchange first before they can be exchanged for other cryptocurrencies on exchanges.
Ready-made API for DApp developers
The Blockchain technology is the bedrock on which various communities are built. This industry has created many families. Directly and indirectly, projects work together to develop this industry. Established projects help others by making their exclusive resources accessible to the less privileged developers and project owners. Lunyr gives room for developers to utilize its ready-made API and SDK to deploy disruptive decentralized applications. With this, anyone can build his project on Lunyr protocols without the need of rewriting codes from scratch. This helps developers and individuals to turn their ideas related to artificial intelligence, virtual reality, augmented reality, and many more into decentralized applications that will benefit the general public.
In my subsequent post on Lunyr, we will discuss how to get started with this platform, the platform's utility tokens stats and other features of the platform.
Links and References
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.