Mining ecosystem innovator Titan declares Lumerin Token whitelisting

KUALA LUMPUR, Nov 16 -- Titan, an innovator in the mining ecosystem, has announced the whitelisting for its Lumerin Token (LMR), which is an important first step in making the token available for use.

Developed by Titan, Lumerin is a peer-to-peer protocol that will make Bitcoin hashpower a tradable, liquid financial commodity unlocking mining profitability and increasing access to capital and investments for crypto miners and others who need access to hashpower.

The Lumerin token sale KYC & Registration will begin Nov 16, followed by the token sale starting on Dec 1.

"Titan is donating significant development effort and time to the Lumerin open source project and is actively looking for strategic partners to further develop this technology.

“As a result of this announcement, we can now move forward with our vision to create a global marketplace for hashpower for Bitcoin and proof-of-work mining pools.

“This will help to relieve the current market pressures and allow anyone to truly harness the power of crypto," said Titan CEO, Ryan Condron in a statement.

The Lumerin Token will be an integral part of the Titan hashpower marketplace and its functionality and utility will support the efficient creation of both hashpower smart contracts as well as support the Lumerin Validator nodes in creating a secure, decentralised, and trustless environment.

Companies and individuals who need hashpower, but do not want to invest the funds required for crypto mining IT infrastructure, can buy/sell it on the Titan marketplace.

In addition, using financial derivatives/futures and services for lending, custody, OTC, and trading, the mining ecosystem can create more income and investment growth than ever before.

-- BERNAMA