Company Information

Get to know Lum Network

Lum Network is a Layer-1 blockchain built using the Cosmos SDK and the Tendermint BFT consensus engine. Its primary mission is to enhance trust and transparency between businesses and consumers. The protocol allows businesses to reward their customers with its native token, $LUM, for providing genuine reviews and feedback. This creates a decentralized and immutable record of customer experiences, fostering an ecosystem where authentic reviews are incentivized and valued. The project evolved from Skeepers (formerly Sandblock), leveraging blockchain technology to solve issues of trust in online commerce.

Industry

Crypto CryptocurrencyPRIMARY

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Lum Network

France

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

Security Information :

Company hasn't provided information.

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.