All You Need to Know About Lumanagi: The One-stop Shop for Everything DeFi

Decentralized finance (DeFi) is on the upsurge, and with it comes new financial models that revolve around autonomy, speed, and inclusion — components that are missing in traditional finance.

Decentralised finance in the crypto industry embodies the true meaning of decentralisation dreamt by Satoshi Nakamoto.

It is with this in mind that the Lumanagi team decided to create a DEX platform that doubles as a one-stop shop for everything DeFi — with unique features and a governance token that has gold backing. Isn’t that fascinating? Now let’s get stuck in talking about Lumanagi and its amazing features.

What is Lumanagi?

Lumanagi is an automated market maker (AMM), a sort of exchange that gives power to the end users by allowing anyone to pool assets, participate in shared market-making methods and join in the project’s decision-making.

The multichain AMM whose focus is to improve crypto adoption in the Eastern Europe region aims to become a one-stop shop for all decentralised finance activities.

Will Lumanagi Have its Own Token?

Yes, the Lumanagi token (LMNG) will exclusively serve as a governance token. By giving authority to the community, or those who have the governance token, DeFi protocols demonstrate their decentralization through the governance mechanism. By holding LMNG, you can cast your vote on existing governance suggestions or submit your own proposal.

The maximum supply of LMNG is capped at 400,000,000. To see the breakdown of the token’s tokenomic click here

Note: LMNG is not currently tradeable anyplace. However, there will soon be a presale, and anybody is allowed to sign up for the waitlist. Visit their website to sign up.

Why Lumanagi?

Lumanagi is a DEX that offers a number of unique features that existing platforms are yet to adopt. As I said earlier, Lumanagi is a one-stop shop for everything decentralised finance. Here are some of its unique features;

1. Gold Backing: LMNG and the Lumanagi initiative will be secure and guaranteed, for the benefit of investors and users. For unforeseeable circumstances that may arise — to sustain the project and compensate the users, the creators will purchase actual gold and reserve it.
2. Forum: LumanagiSwap believes that the community needs to engage and be interactive to help everyone’s growth in the crypto space. The swap will provide a new forum on the web app to help the user communicate efficiently and safely.
3. Referral airdrop: To reward not just the existing users but newcomers LMNG will be holding referral airdrop events for users who want to share Lumanagi with their friends.
4. Portfolios: Lumanagi is on a mission to make investing easier and faster. Defi is becoming the biggest sector within crypto, with new tokens popping up daily with good returns. Our team would like to provide a unique feature where users are able to auto-invest and auto-buy tokens to create their portfolio based on market segments.
5. NFT auction house: The growing NFT market provides opportunities to creators and projects to build their community faster and bigger and also helps investors to earn extra income by flipping NFTs. Lumanagi would like to create a new NFT auction house with safety steps to ensure the auction will be rightful and no theft can happen.
6. Prediction games: We have seen a successful prediction game designed and developed by pancakeswap but we move forward with the idea. We bring SOL, AVAX, BTC and BNB to the gaming.
7. Multi-languages: Our swap will be supporting multiple languages across the globe to help those who are not exercising the English language.

Why use Lumanagiswap when there are Centralized Exchanges (CEX)?

Lumanagiswap is built on a Blockchain network making it completely decentralised than a CEX. Why is it superior? Well, of course, there are standard crypto reasons: secure, anonymous, censorship-resistant, and an easier UX.

Additionally, in DeFi, we don’t need to focus on centralised crypto advantages. Decentralisation and building on a Blockchain network offer large product advantages that CEXs cannot meaningfully compete on.

Lumanagiswap offers a permissionless way of providing liquidity and creating new pools. By being on a Blockchain network, new projects can easily integrate Lumanagiswap as a way to launch their tokens to the public. There’s also 0 counterparty risk. When you trade token A for token B, you interact with a smart contract and can verify that the smart contract has the said tokens.

Furthermore, recently, DEXs like Lumanagiswap, have proven to be more resilient in flash crashes than CEXs. DEXs have remained available to use while several CEXs were unable to be accessed.

Who is Behind Lumanagi?

Unlike most crypto platforms, the lumanagi team is not anonymous or a set of people who assume a pseudonym to conceal their real identity. The CEO Gabor Szoke who had been scammed so many times decided to build a platform that gives users the feeling of being safe. As such, he and his team members decided to build a platform that has a gold reserve as a hedge against unforeseen circumstances. To see all of the Lumanagi team click here to visit their website.

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