Lumerin
Crypto Overview
Project Overview
Lumerin is a decentralized protocol designed to create a marketplace for Bitcoin mining hashpower. The LMR token serves as the medium of exchange within this marketplace, allowing mining operations to buy and sell their computational power.
Intended Utility
The primary purpose of LMR is to facilitate transactions in the Lumerin marketplace where miners can tokenize and trade their hashpower. This creates a more liquid and accessible market for mining capabilities, potentially democratizing access to mining operations.
Current Implementation
The protocol is currently operational with its main features including: hashpower marketplace functionality, smart contracts for hashpower trading, and governance capabilities for token holders. The project is actively maintained by Titan Mining, with regular development updates and improvements to the protocol.
Business Model Analysis
The business model focuses on legitimate exchange of mining capabilities, which aligns with Islamic principles as it involves actual asset transfer and value creation. The protocol does not engage in interest-based lending or gambling activities.
Development Activity
There is ongoing development activity as evidenced by regular GitHub commits and protocol updates. The team maintains transparency about development progress through their official channels.
Token Distribution
The token distribution includes allocations for development, marketing, and ecosystem growth. While specific vesting details are public, the distribution structure appears designed for long-term project sustainability rather than short-term profit taking.
Crypto Impact
To assign a comfort level investing in Lumerin from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Lumerin.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.