What Is Lunr Token (LUNR)?
Lunr Token (LUNR) is the utility token rewarded to the traders of LunrCrush. LunrCrush is a cryptocurrency trading social intelligence platform. Also, Lunr is a rocket fuel powering protocol that helps traders access the social insights of cryptocurrencies.
The Lunr platform aims at giving more functionality to LunrCrush.com and LunrCrush mobile apps. Using Lunr, traders can aim to find new data sources, governance, access to partnership, NFTs, staking, smarter alerts, and many more. Moreover, while using the Lunr platform, users seek to earn points on the LunrCrush app every day to convert to Lunr token after reaching the threshold limit.
According to the Lunr whitepaper, the project challenges the traders to believe in a better way by making their path. The platform seeks to help traders become independent while identifying the value of assets in the crypto market.
The platform works on the proof-of-work mechanisms. Besides, Lunr users can mint their transactions using smart contracts. Smart Contracts are regular contracts that run through protocols on a blockchain network. Thus, Lunr uses a ZRC-2 (Zilliqa smart contract) developed by the LunrCrush team. ZRC-2 seeks to allow users to mint/burn tokens, transfer tokens, inquire about total and current token balance, etc.
Furthermore, to have a fair distribution, the platform aims to announce governance and voting rights. With the help of memorializing governance voting and decentralizing some processes, the token seeks to grow as the trust factor toward the protocol increases among the Lunr users.
History of Lunr Token (LUNR)
The CEO of Lunr is Joe Vezzani. The whitepaper of Lunr was published on October 20, 2021. The maximum total supply of Lunr Token is 250,000,000.