Doge is adorbs. Doge is cute. But, it is not yet a good ruler, being scared or bamboozled often. Still, our monetary world needs a true captain pup, the one that can navigate through the centralization and changing economic landscape to bring the monetary power back to its people.
Leader Of The Doggy World
Today, the secret ruler of the doggy world, the Illuminati golden retriever, is finally ready to answer our need. Wearing the meme triangle, it offers us the Illuminati Coin ($Lumin). It believes that this project, and its revolutionary monetary mechanisms, will indeed help lead the world to a better monetary future.
$Lumin is the first crypto currency where monetary policies are adaptable, and are determined via direct democracy. It utilizes many optimal voting procedures for a smart contract to provide democratic tools for its users. In effect, it creates a system of community banking, which replaces central banking in traditional finance, and also improves on the inflexible deflationary algorithms and the mostly ineffective DAOs utilized in prior crypto projects.
Boop The Snoot
$Lumin will solve two key issues in the blockchain industry. The first issue is that, monetarily, almost all previous cryptos were designed to be more like a storage of value than a currency, which will threaten their long-term adoption as a medium of exchange. The tokens grow strictly much less than the economies, which would seem palatable to a money receiver. But on the other hand, a money spender would rather spend something that keeps pace with the economies, which is less scarce but is similarly acceptable. With how monetary things compound, this can greatly damage a crypto’s growth potentials. The second issue is that, the inflexible staking mechanisms in prior cryptos could be pretty bad for economies. Economic conditions vary and fluctuate greatly. With inflexible staking rewards in a constantly changing market, the yields can become relatively too high to drain too much cash from a society, or relatively too low to maintain and develop the transaction systems.
$Lumin combines the best of traditional finance and the blockchain world to tackle the issues. The monetary policies will be adaptable, but more importantly, they will be under direct democracy, with policies being proposed and voted on by any $Lumin community members. There is no bureaucratic roles held by special entities. During the annual voting sessions, anyone could propose, vote, or execute the policies on chain. As contemporaneous economic situations could be taken into account, the community could collectively decide the best public spending, and stimulus, for both the economy and itself, and encompass an ever increasing part of the public in this more advanced and transparent system.
To our knowledge, it is the first implementation of direct democracy on monetary policies that is intended to serve a large community. Some prior projects incorporated some vault-like systems, but that option would not provide the ideal monetary properties for a currency. Annuit Cœpti is the text beside the eye of providence, which attested to the good omen for founding of one of the earliest democracies. It will be for Illuminati Coin and the golden retriever too. It is a system that can keep evolving to become the best, too. For example, by community voting, Illuminati Coin could also switch to partially or fully utilize on-chain proof of humanity when the related facilities become more mature, but that will remain for the community to decide. According to Elon Musk (link), money is primarily an information mechanism for labor allocation. Illuminati Coin will provide the best information mechanism for the future generations, with the blockchain immutability and the first every community banking system to grant it the best monetary properties.