Lumerin (LMR) is crucial to the Lumerin Protocol, facilitating decentralised Bitcoin hashpower trading via a peer-to-peer market in the UK. It enables trading ERC-20 tokens for Bitcoin mining hashrate, mimicking ASIC miner usage. Lumerin expands into areas like decentralised media streaming and digital resource NFTs. LMR, the native cryptocurrency, is essential for the network's smart contracts and dApps, offering rewards to miners for enhancing network security and performance. The distribution of LMR is designed to stimulate community engagement and support open-source growth, aiming for a sustainable, evolving ecosystem.
