In Transient
Lumoz plans to airdrop 10% of the full provide on November 5, with particular guidelines to be disclosed tomorrow.
Modular compute layer and Rollup-as-a-Service (RaaS) platform, Lumoz introduced plans to launch a large-scale airdrop occasion on November fifth. This airdrop will characterize roughly 10% of the full provide, valued at round $30 million, with particular guidelines to be disclosed tomorrow.
As a number one modular hashing energy layer and zero-knowledge (ZK) RaaS platform, Lumoz gives computational capabilities for Rollups, ZK-ML, and zero-knowledge proof (ZKP) verification via Proof-of-Work (PoW) mining mechanisms. Within the first half of this yr, the corporate accomplished its Pre-A and strategic financing rounds, securing a complete of $14 million in funding from buyers similar to OKX Ventures, HashKey Capital, KuCoin Ventures, Polygon, and IDG Blockchain.
To this point, Lumoz has efficiently performed three rounds of incentive testnets, partaking over 1.5 million customers, greater than 200 initiatives, 28,137 validators, and 145 PoW miners.
Lumoz Launches Testnet And Unveils Mining Occasion, Enabling Customers To Mine MOZ
Final week, the platform introduced the launch of its PoW testnet in preparation for the upcoming mainnet. On a technical degree, the ZK-POW algorithm has been additional optimized, leading to roughly a 50% enchancment in ZKP effectivity.
On the appliance aspect, the launch of the PoW testnet is anticipated to offer a extra secure, safe, and cost-effective decentralized computational energy community service for over 20 Layer 2 blockchains inside the Lumoz ecosystem, together with Merlin Chain, ZKFair, and Ultiverse.
With a purpose to mark this launch, Lumoz introduced a collaborative PoW mining occasion with the mining platform ZK.Work. Initially, miners can have the chance to mine MOZ, with future issues for twin mining of MOZ and Aleo geared toward providing miners extra versatile and numerous earnings alternatives. This occasion is at the moment underway and can run till December fifth, with rewards distributed based mostly on the precise contributions of taking part miners throughout the specified interval.
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About The Writer
Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising traits and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
Alisa Davidson
Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising traits and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
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