Elumicate$ELUM

What is this network?

The Elumicate Network is a decentralized platform that captures and delivers real-world data securely, anonymously, and transparently. Unlike traditional networks, the Elumicate Smart Vision Network is owned and governed by all its participants, ensuring collective decision-making without centralized control. The network leverages advanced technologies to convert real-world events into easily accessible digital data. Participants can use tokens to obtain data credits and access the network's valuable digital data.

How can I mine tokens?

To mine tokens on the Elumicate Network, you need to follow three simple steps:

1. Set up the Mining software
2. Set up your Metamask Wallet & Connect it to the Elumicate Mining Portal
3. Start Mining

By participating, you will be rewarded in the form of a new digital cryptocurrency. Miners receive tokens for the initial capture and digitization of the data, and receive more tokens when that data is retrieved.

How can I optimize my mining rewards?

Mining rewards within the Elumicate Network are distributed based on a weight rating system. This rating is determined by various factors, including the capture device (camera) used, ownership of NFTs, staking activities, and participation in data mining and processing. Ground floor participants will receive a larger share of rewards with a smaller number of devices sharing the distributed token pool early on.

How can I use the network?

Participants join the Elumicate Network through a dedicated decentralized application (dApp). The dApp serves as a platform for participants to verify their status, perform token transactions, and engage with other network functionalities. Tokens are converted into data credits in order to gain access to the desired data, ensuring that the value of the data is retained within the price of the tokens.

Who governs this network?

The Elumicate Smart Vision Network is owned and governed by all its participants, ensuring collective decision-making without centralized control. A governance model ensures fair decision-making, with relevant choices voted upon by network participants.