What is Lunyr? What Does LUN Do? – Cryptokoin.com

What is Lunyr? Aiming to be the Wikipedia of Web3, Lunyr is a decentralized encyclopedia resistant to censorship and disinformation. In this article, you can find answers to questions such as what is Lunyr, what it offers, what is LUN and how to buy it. cryptocoin.com we have prepared for you. Let’s examine the project together.

What is Lunyr?

Lunyr (LUN) is a decentralized and crowdsourced encyclopedia that rewards users for their contributions and reviews. Lunyr’s goal is to be a great platform where users can access accurate and reliable information. In short, Lunyr can be described as a decentralized and Web3-oriented Wikipedia.

This network uses virtual reality, artificial intelligence, AR, VR and other software. It has the purpose of developing a knowledge base API that it can use to create content with this software. However, the platform is built on the Ethereum Blockchain, which is extremely popular for dApps.

What does Lunyr offer?

By using Lunyr, users have the opportunity to reap the rewards of their efforts by reviewing and contributing to the information available on Lunyr. The platform rewards users who verify information and add new information to the platform. Thus, it aims to be a more accurate and reliable encyclopedia. Users, on the other hand, have the opportunity to earn passive income by doing this.

The network is completely decentralized meaning it is managed by its community. Thus, it works with a structure that is more resistant to censorship and state pressure. In addition to these, Lunyr has an advertising system. Within the platform, advertisers can place advertisements in areas on various pages. All content added to Lunyr is checked by a peer-reviewed team of validators. In this way, it is aimed to include correct and quality content on the platform.

What is LUN? What does it do?

LUN is the native cryptocurrency of the Lunyr platform. It is basically an ERC-20 token running on Ethereum. This token has many use cases within Lunyr. The first of these is payments. Advertisers pay with LUN to advertise to spaces on the platform. A secondary use case of LUN is rewarding.

People who provide or confirm information on the Lunyr platform earn LUN token rewards. Thus, they earn passive income. Finally, LUN owners can participate in the management of the platform. Those participating in the administration vote on decisions made for the platform, in exchange for their cryptocurrencies.

What is Lunyr? How to get LUN?

To purchase the LUN token, you first need to access a cryptocurrency exchange where it is listed. Among these exchanges, it is currently only traded on the Yobit exchange. Investors interested in Lunyr should create and verify an account on this exchange. Then, they need to upload an asset that matches their LUN parity to the wallet they created. After doing all this, they can buy the token by placing a buy order for the LUN.

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