Lumerin

Created by Titan—a company offering software and services for crypto mining—the Lumerin Protocol is a peer-to-peer platform enabling data stream routing based on smart contract rules. Utilizing the Lumerin Protocol, any asset delivered through a TCP/IP connection can be linked with real-time Oracles to support the user in facilitating buyer access across different delivery channels. The Lumerin Protocol is set up to make Bitcoin/POW hashrate a tradable, liquid financial asset. Titan was established in September 2018 by Ryan Condron, Jeff Garzik, and Matthew Roszak.

Ryan Condron, CEO of Titan, said in an interview:

Companies, or individuals with a lower risk profile, will be able to buy/sell compute power, providing additional capital for the entire mining industry. And through financial derivatives/futures and services for lending, custody, OTC, and trading, the entire mining ecosystem can achieve higher growth in revenues and capital than ever before.

On November 24, 2021, Titan announced the successful completion of a $6 million private sale round for the Lumerin Protocol. Strategic partners include the following: Cadenza Ventures, Fundamental Labs, Outlier Ventures, Tribe Capital, Digital Finance Group, Caballeros Capital, and 11-11 DG Partners.

In December 2021, Titan sold Lumerin Token and raised about $15 million, with about half sold during the sale's first hour. The resources from the sale will support the efforts to expand and market the hashpower marketplace.

"This technology seeks to combat the rising problem of hashpower centralization by offering miners the ability to buy, sell, access, distribute, and manage hashpower from anywhere on the globe. The Lumerin Marketplace provides a foundation for the entire mining ecosystem to realize its full potential by creating a single, virtual marketplace that improves efficiency and provides greater access to capital and investments," said Titan CEO and Co-founder Ryan Condron.

The objective is to facilitate and decentralize Bitcoin and POW crypto mining. Utilizing the Lumerin protocol, Titan is creating a P2P decentralized hashpower commodity marketplace. Within the Lumerin Hashpower Marketplace, hashpower can be purchased, sold, accessed, distributed, and managed from different locations worldwide. Fortheir KYC/Whitelisting the company worked with Tokensoft, a company providing issuers with technology to create, issue, redeem and trade digital assets.

All aspects of the Lumerin project are referred to and completely contained under the Lumerin community and network brand, and all commercial activities are under the Titan brand. In order to support the Lumerin open source project, Titan is working on the following decentralized software solutions:

• Lumerin Proxy Node
• Lumerin Token
• Lumerin Wallet

These commercial products will retain the Titan brand:

• Titan Mining Pool
• Titan Mining Management