Lunarspace: Bringing Smart Token Technology to SME’s
Lunarspace, a grantee of the Coreum Grant Program, is harnessing the power of blockchain to address the critical issue of enterprise and SME-level adoption. This article delves into Lunarspace’s innovative project, exploring how they’re leveraging Coreum’s support to create essential tools for businesses, and open the doors to blockchain’s potential.
The Mission: Bridging the Enterprise Blockchain Gap
Blockchain technology is often seen as a game-changer, yet its adoption at the enterprise and small and medium-sized enterprise (SME) level has been slower than expected. This gap is what Lunarspace is determined to bridge. The project is set to transform businesses of all sizes, ultimately helping them thrive in the new, blockchain driven, digital age.
Building on Coreum
With a grant from Coreum, Lunarspace has embarked on a journey to build smart token technology ($LSX, HAMP) designed to substantiate the “work-to-earn” methodology within their platform, Zones. This grant has provided the financial backbone to bring their innovative protocol to life.
Since the receipt of Coreum’s grant, Lunarspace has achieved several critical milestones:
- Development of Smart Tokens: Lunarspace has developed and deployed over seven smart tokens/contracts to the Coreum testnet. This includes the Zone Factory contract, referred to as a “smart token factory” by the development team.
- Migration to Coreum: Lunarspace migrated its token-gated authentication build from the Juno network to Coreum, ensuring a seamless integration.
- Smart Contracts: The team has created smart contracts for bonding and staking, for fiat/crypto exchange, and merkel contracts.
- $HAMP Integration: $HAMP smart contracts have been integrated, enabling a seamless conversion to $LSX.
- Testing and Integration: Lunarspace conducted live testing, integrating UI/UX and extensively testing token functionality.
Goals, Challenges, and Future Impact
Lunarspace is driven by both short and long-term goals, seeking to sell Zones and accumulate $HAMP and $LSX within enterprise bonding pools in the immediate future. Their long-term vision involves $LSX contributing to DAO governance and LPs with $USDC and $COREUM on Coreum’s decentralized exchange.
The project’s impact has been notable, with numerous inquiries for demos and sales meetings showcasing its positive reception. Lunarspace’s future plans include an aggressive sales and marketing approach and a Phase 2 launch, where $LSX will become accessible to the public.
Partnerships and Expansion
Lunarspace’s commitment to collaboration is evident through their partnerships with organizations like Athena Consulting, Space and Time, and Spark IBC. These collaborations enrich the platform’s functionality, delivering added value to users.
Looking ahead, Lunarspace is actively exploring a grant extension to enhance their project with features like DAO functionality, an in-system DEX, and LPs for Coreum/LSX/USDC staking.
Follow along for more updates from Lunarspace: https://twitter.com/lunarspaceIBC
About Coreum
Coreum, the world’s first Superledger. A 3rd-generation, layer-1 blockchain architected for enterprises of any size, from startups to large corporations. Providing a remarkable transactional speed of up to 7,000 TPS and ISO20022 compliance ensures expedient and economical transactions across a swift and secure PoS network.
As an Enterprise Graded Blockchain (EGB), Coreum introduces a new layer of programmability with ‘Smart Tokens’, enabling robust use cases through WASM-based smart contracts, including tokenized RWA’s and Neobanking applications.
