Lum Network wants to enable businesses to leverage their communities

Officially launched past fall, the Lum Network is simply a promising Cosmos-based task with a large imaginativeness for the future—to go a spot furniture for companies of the future.

Sarah-Diane Eck, the CEO of Lum Network, spoke to Cryptonites’ Alex Fazel astir what the level is trying to execute and wherefore it sees Cosmos arsenic a jumping committee that volition assistance it bring millions of radical into the Web3 space.

Bridging the spread betwixt contented and rewards with blockchain

While the thought for Lum has been successful improvement since 2018, it wasn’t until the autumn of 2021 that the level officially launched. However, the fewer operational months down the level doesn’t mean that it’s been dilatory successful development.

Lum’s CEO, Sarah-Diane Eck, said that Lum volition motorboat a decentralized reward strategy successful the adjacent fewer weeks, enabling its ecosystem to recognize the worth users person been producing.

Lum is simply a Layer-1 level gathering open-source tools for brands to physique engagement with consumers. Built utilizing the Tendermint and Cosmos SDK, Lum provides a spot furniture to businesses utilizing its level and enables them to reward their customers for providing contented and reviews.

Eck said that choosing Cosmos arsenic its blockchain of prime was a method determination Lum’s improvement squad made successful 2018. Back then, determination was nary IBC, and Cosmos was inactive successful its aboriginal days successful presumption of functionalities. However, the blockchain’s method aspects made it a wide prime for Lum, and Eck says the squad hasn’t thought doubly astir it since. The Cosmos ecosystem grew importantly implicit the past 4 years, and Lum is fortunate to beryllium a portion of it, she told Cryptonites.

The Lum squad is gathering a level with a semipermanent vision, and gathering connected a web that aligns with that imaginativeness is highly important to the longevity and occurrence of the project.

And Lum has already positioned itself connected the way to success. Since launching past year, Lum has launched 2 large projects—Lumki and Skeepers. Lumki is simply a reward app that enables its users to gain LUM tokens done cashback offers and creating contented for retailers.

Skeepers, connected the different hand, is simply a starring marque reappraisal platform, processing implicit 30 cardinal reviews per year. It uses the Lum Network to stamp each of its reviews, marque them tamper-proof, and supply reviewers with rewards for participating.

Unlike akin projects, Eck said that Lum doesn’t fell that the rewards it volition springiness retired are cryptocurrencies. The information that these rewards are on-chain and tin beryllium utilized for staking introduces a gamification constituent she believes volition assistance pull much radical to Lum.

Once these decentralized rewards are introduced, Lum volition motorboat a staking program. While LUM tokens tin already beryllium staked connected the blockchain, creating a amended UI and UX volition alteration much radical to involvement their rewards.

Lum’s extremity is to physique a consumer-centric merchandise that’s casual to usage and springiness brands the quality to leverage the assemblage they built—without leaving the assemblage behind.