THE ILLUMINATI INTRO

in #illuminaticoin2 years ago

lumin.jpg

$Lumin is the first crypto currency where monetary policies are adaptable, and are determined via direct democracy. It utilizes many optimal voting procedures for a smart contract to provide democratic tools for its users. In effect, it creates a system of community banking, which replaces central banking in traditional finance, and also improves on the inflexible deflationary algorithms and the mostly ineffective DAOs utilized in prior crypto projects.

Boop The Snoot

$Lumin will solve two key issues in the blockchain industry. The first issue is that, monetarily, almost all previous cryptos were designed to be more like a storage of value than a currency, which will threaten their long-term adoption as a medium of exchange. The tokens grow strictly much less than the economies, which would seem palatable to a money receiver. But on the other hand, a money spender would rather spend something that keeps pace with the economies, which is less scarce but is similarly acceptable. With how monetary things compound, this can greatly damage a crypto's growth potentials. The second issue is that, the inflexible staking mechanisms in prior cryptos could be pretty bad for economies. Economic conditions vary and fluctuate greatly. With inflexible staking rewards in a constantly changing market, the yields can become relatively too high to drain too much cash from a society, or relatively too low to maintain and develop the transaction systems.

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