Lumerin Hashpower Marketplace Is Moving to Arbitrum!

Dear Lumerians,

Over the past few weeks, you have been a crucial contribution to the Lumerin Hashpower Marketplace development. Your opinions and feedback during beta testing have been crucial in improving the platform and providing a better experience looking to the mainnet launch. If you haven’t already, make sure you download and install the latest version of the Lumerin Wallet, which will let you interact with the latest testnet version of the marketplace.

In this regard, we have listened to your input and are happy to announce we are migrating the app to the Arbitrum One chain. This strategic move to a Layer 2 network will enable a more efficient and cost-effective experience upon mainnet launch — stay tuned for more updates!

The decision to migrate to Arbitrum was driven by the desire to enhance the user experience by reducing gas fees and accelerating transaction speeds, providing users with a seamless and efficient platform for buying and selling hashpower.

Following this migration, you can expect:

• Lower Gas Fees: By moving to Arbitrum, users of the Lumerin Hashpower Marketplace will enjoy significantly reduced gas fees, making transactions more affordable and cost-effective.
• Faster Transactions: The migration will also bring faster transaction confirmation times, enabling users to experience quicker and more efficient hashpower trading.

Be advised, this initiative also entails important considerations for Lumerin Hashpower Marketplace users.

Migrating to the Arbitrum chain means that Lumerin users must bridge their existing Ethereum LMR tokens to the Arbitrum chain before interacting with the Lumerin Hashpower Marketplace platform.

To ensure a smooth transition, we will provide a detailed tutorial showing you how to do this. Stay tuned for an article on this coming soon.

The migration to Arbitrum will enable us to provide a much better experience for on-chain, peer-to-peer hashpower trading, as well as continue testing and improving the application for the upcoming mainnet launch.

If you have any questions, we encourage you to join our Telegram channel and clear your doubts. Our team is constantly active and ready to help!