Review on Lunyr by Saleh Bayramli

What is Lunyr (LUN)?

We have all heard about cryptocurrencies and we know how they have taken over the world. However, most cryptocurrencies are just reconfigurations of established applications of blockchain technology, mainly focusing on encrypted transactions.

LUN: Basic Knowledge

However, Lunyr (pronounced Lunar) is one of the most unique blockchain applications in history, aiming to become a decentralized peer-to-peer knowledge database, also known as "Wikipedia based on Blockchain ".

is committed to becoming the most innovative and comprehensive source of information in the fields of Internet crypto, technology, finance, law and investment projects.

Lunyr Development (LUN)

Lunyr's co-founders are Arnold Pham, Andrew Tran and Christopher Smith. The

Lunyr ICO ended on April 26, 2017, generating approximately US $ 300,000 in capital. Public beta

was subsequently released on January 30, 2018, based on the Ethereum network.

has also launched a reward system for authors to write articles, and authors can earn LUN coins for writing articles.

Initially, Lunyr will focus primarily on the world of cryptocurrencies and related fields, and will focus on upcoming and future projects. After developing an active and dedicated community of readers and writers, Lunyr has expanded its business into technology, investment, finance, etc. and other fields. Chapter

What Are Yue'er's Benefits?

LUN Technology

Unlike most other cryptocurrencies, Lunyr is a collaborative, decentralized, peer-to-peer encyclopedia of information. Use tokens called LUNs as rewards for contributing and peer review articles.

is built on the Ethereum network and is fully integrated into the Ethereum ecosystem.

LUN coins (or tokens) are used as an incentive for users who write articles or view other people's articles. This encourages active participation, knowledge contribution, and peer review of articles to ensure quality standards are met and accuracy is maintained. Once the submission is approved, the author will be rewarded in the form of contribution points and honor points, CBN and HNR respectively. These points are non-transferable and guarantee that only network contributors are CBN and HNR holders. CBN becomes LUN cryptocurrency after the two-week bonus period ends, and HNR points are used as tokens to vote on proposals and disputes. The

LUN coins follow the ERC20 token standard. Due to the nature and intended use of LUN cryptocurrencies, they cannot be mined and the total fixed supply is 2,703,356. The LUN coins will come from advertising revenue, which will grow approximately 3% each year.

LUN coins can also be used to buy ad space on the platform, unlike Wikipedia which does not allow ads on its pages. All

Lunyr submissions will go through a peer review process and will only be approved for submission after a successful submission. This ensures that malicious or false content is not promoted. All submitted articles must be approved by users who must also view other submitted content.

Key Features of Lunyr

Innovative method of using blockchain technology: Lunyr is unique in its vision and use of blockchain technology to provide a comprehensive, decentralized, collectively sourced and peer-reviewed information repository for everyone. Open and free.

Revolutionary Lunyr API-The goal of Lunyr is not only to become an encyclopedia of network information, but also to promote blockchain technology by giving DApps (decentralized applications) the ability to access knowledge bases and access data in time real. This innovative feature can be used in various applications from virtual reality to artificial intelligence.

Anti-censorship, false or malicious data: Lunyr's decentralized and peer-to-peer nature allows all content in its knowledge base to be free from manipulation and censorship. Since all submissions have been peer reviewed by the community, the possibility of incorrect or questionable data being entered into the encyclopedia is very low.

Decentralized Autonomous Organization: Lunyr is a Decentralized Autonomous Organization (DAO). This means that there is no central agency or agency that manages the Lunyr ecosystem, allowing true decentralized monitoring and maintenance of the network.

Rewards for Contributors - Unlike other collaborative knowledge databases, Lunyr offers contributors rewards of real world value in the form of LUN coins or tokens, which can then be used like other altcoins.

An easy way to advertise a service or product: Wikipedia estimates that there are 470 million unique visitors and approximately 19 billion page views each month. The ability to advertise products on similar platforms such as Lunyr is revolutionary and is a game changer in advertising and gotomarket. How to buy and store

moon cakes?

How to buy LUN?

The LUN could not be deleted. Instead, they can be rewarded by writing quality articles and viewing other submissions on the Lunyr Knowledge Network. LUN coins can also be used to purchase advertising space on the Lunyr platform.

LUN Wallet

Although Lunyr does not have a private wallet, it means that LUN coins can be stored in any Ethereum wallet because it is based on Ethereum's ERC20 token. Some popular options are MyEtherWallet and Mist Ethereum Wallet. How is

Lunyr different from other cryptocurrencies? The vision and purpose of

Lunyr is very different from almost all other cryptocurrencies such as Bitcoin or Ethereum. Although other cryptocurrencies focus on simulating transactions such as fiat currencies, Lunyr aims to use LUN coins or tokens to incentivize users to build a decentralized, collaborative, and peer-to-peer information library. The

Lunyr platform provides a unique and innovative way to exchange and share information, and a new and comprehensive way to promote products or services to a wide range of people, which is a feature that other cryptocurrencies do not have.

Unlike other cryptocurrencies, LUN cryptocurrency cannot be mined. Therefore, compared with the power consumption of cryptocurrencies such as Bitcoin, the overall environmental impact of the Lunyr network is almost negligible.