Lum Network

Lum Network is a blockchain company specializing in decentralized applications, offering innovative solutions to enhance user engagement and accessibility through crypto rewards and yield earning mechanisms. Lum Network was founded in 2017 and is headquartered in Paris, France. The company focuses on creating a blockchain ecosystem designed for decentralized applications, enhancing user experiences through its offerings. Sarah-Diane Eck, the founder, has a history of involvement in blockchain initiatives.

In December 2021, Lum Network raised USD 4. 00 mn in a funding round led by Arcanum Capital, with participation from several investors including High Naut Capital and SwissBorg, totaling the amount raised to USD 4. 00 mn. Lum Network's primary offerings center around its open-source blockchain designed for decentralized applications.

The core products include the Interchain yield earning index, DFract, and Skeepers Rewards, which facilitate crypto rewards for user-generated content, enhancing user engagement. These products target both businesses seeking to integrate crypto rewards and individual consumers interested in decentralized applications. The company’s solutions are marketed across various regions including North America, Europe, and parts of Asia. Lum Network generates revenue primarily through transaction fees related to its blockchain services and partnerships with businesses utilizing its platforms for crypto rewards.

The transaction structure involves B2B collaborations where companies implement Lum Network’s solutions to incentivize customer engagement and loyalty. Additionally, customers participating in staking programs can earn returns, contributing to the network's transaction volume. Pricing plans for individual services are structured to align with market standards for blockchain solutions. Following the USD 4.

00 mn funding round in December 2021, Lum Network plans to utilize the funds to build the decentralized trust layer for companies of the future. The company aims to launch new products designed to enhance its blockchain offerings and expand its reach into new markets, specifically targeting regions in Asia and South America by the end of 2023. These initiatives are set to solidify Lum Network's position within the blockchain sector.