Mining Lumira Coins (often abbreviated as LUMI if that’s the token’s ticker) generally refers to the process of generating or earning new Lumira tokens by contributing computing resources or engaging in the project’s network activity. Since "Lumira Coin" is not one of the largest, most well-known cryptocurrencies, the exact meaning of "mining" depends on how the project is designed:
1. If it uses Proof-of-Work (PoW):
Mining would mean solving complex cryptographic puzzles with hardware (like GPUs or ASICs). This validates transactions and secures the blockchain, and miners are rewarded with new Lumira Coins.
2. If it uses Proof-of-Stake (PoS) or Delegated Staking:
The term “mining” might be loosely used to mean staking — locking up tokens in a wallet or node to help secure the network and, in return, receiving Lumira rewards.
3. If it’s a gamified or platform-based token:
Some smaller crypto projects use “mining” in a non-technical way, meaning users can earn Lumira Coins by completing tasks, playing games, or contributing to the ecosystem instead of solving math puzzles.
🔑 Key takeaway: Mining Lumira Coins is the act of earning tokens by either computational work, staking, or ecosystem participation, depending on the exact design of Lumira’s blockchain or platform.
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📈MiraNetwork is an emerging UK-based crypto company
specialising in tokenizing real-world asset (RWA) businesses. Its unique feature allows community members to become shareholders in tokenized companies.
💰A portion of the company’s profit is allocated to the liquidity pool of Lumira Coins. The more active you are on the app, the higher the value of
the Lumira Coin grows.
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