LunaOne is called the Metaverse-based LuneOne project. It’s a platform that aims to expand into multiple universes beyond games. It is the first decentralized virtual society that aims to redefine decentralization through earnings, games and learning in a cohesive Web 3.0 environment. Read on to learn more about the LunaOne project.
What is LunaOne (XLN)?
LunaOne, a Web 3.0 platform, allows users to participate in virtual and real-world activities simultaneously. The internet is an incredible resource for connecting people around the world, whether it’s to earn money, learn something new, or just have fun.
To ensure the proper functioning of the LunaOne metaverse, the XLN token is the main fuel for all transactions in the system. This new coin will soon work on Binance Smart Chain, but XLN is now available on the LunaOne website.
There are three main elements of Luna One Metaverse that you need to know:
- Integration of all vital activities in one place.
- Interaction between worlds for real services, activities and knowledge.
- Decentralized decision making.
How does LunaOne (XLN) work?
The project has created the only online space that brings together virtual game worlds, educational platforms and recognized global vendors/brands in one convenient place. The platform’s specialized technology makes augmented reality even more multidimensional, connecting meta-infrastructure to real-world industries such as finance, entertainment, education and more. LunaOne is the closest thing to “ready player 1” so far in the crypto sphere that offers unlimited NFT value and tangible avatar progression benefits. The project’s branded virtual reality kit (HYPE.vR) allows participants to see/hear everything that happens in the virtual space.
The project’s AR/VR device offers a deep dive into the Metaverse, allowing players to enjoy full interaction with a hyper-real 3D world. Wearing tactile and tracking suits/gloves, participants can sense, touch, and feel the environment on their skin while tracking the face and body movements of another avatar. LunaOne lets you witness the formation and development of the metaverse through unique NFT avatars that create a symbiosis between the virtual and physical world.
Players can use their avatars to participate in P2E battles, buy and develop real estate, invite friends, and discover new missions and tasks with rewards. Metaverse followers can experience life in an unlimited 3D open world, where they can purchase virtual items, pilot ships, and create custom environments. They can also perform real-world tasks and receive virtual goods that have real value in the physical world.
Accessibility on LunaOne
LunaOne is different from other VR/AR setups in that it will be available on a wide range of critical gaming/VR/AR platforms and technologies. The LunaOne ecosystem is also accessible to those who play on popular platforms. In addition, the founders of the project are working on the integration of LunaOne and smartphones. Gaming platforms like Steam, Xbox Live, and PlayStation Network have millions of monthly visitors from all over the world. The team’s ambition is evident in this framework: to enter an industry through existing conventional channels.
LunaOne neighborhoods offer virtual land for sale to the public. The team relies on the fact that NFTs are, by definition, unique to introduce a degree of customization to the metaverse. Special events can be organized by individuals who buy real estate, in addition to traveling and receiving visitors. Concerts and seminars can be followed without the intervention of a third party using LunaOne.
DeFi File Storage System (DFS)
To further decentralize the network, the group proposes to use a decentralized file storage system (DFS). Each token holder has the governance right to influence the future development of the platform through an internal voting system. LunaOne’s decentralization will target voice, text and data services. LunaOne believes that people should be able to communicate with each other in the metaverse. There is a desire to develop an online and offline communication plan.
A hyper-real virtual world with AR/VR compatibility
LunaOne creates a hyper-real unlimited 3D virtual universe where anyone can shop, socialize, work, play, attend exhibitions, concerts and other events and experience life in an endless world. Users must create a unique avatar, an NFT that allows them to securely access and interact with all Metaverse features. One can use his avatar to solve, play P2E games, travel from place to place and solve real world problems to earn rewards. Players can dive deeper into avatars and virtual reality with the HYPE.vR kit.
The AR/VR bundle includes tactile and tracking suits and gloves that allow users to feel the environment on their skin and track the facial and body movements of other players. The unlimited 3D virtual universe allows users to perform activities that reflect reality. Essentially, a person can buy/sell real estate and own all kinds of virtual goods that have value in the physical world. Real estate and all other metaverse items are unique NFTs that can be sold or transferred to other avatars. Owners can find new missions and events with rewards, invite friends, and customize/build their own persistent environments.
The XLN coin is the native token that powers the LunaOne metaverse. Avatars will need to have XLN to influence VR development and governance. DAO proposals can be submitted by the community and the foundation. XLN is the main currency used in the LunaOne Metaverse ecosystem. XLN is also a high-interest asset, allowing its holders to automatically generate income in their wallets. The XLN cryptocurrency has a total of 10,000,000,000 XLN tokens
- High interest rate – Each time XLN is sent, a 2% transaction fee applies. These fees are distributed to all current offer holders, creating an invaluable source of passive income.
- Political power – Holding XLN gives its users voting rights based on the value they hold – the more they hold, the more power they have to make decisions about how the currency will be used and how LunaOne will grow.
- VIP Access – Possession of certain XLN referral amounts will grant holders access to VIP areas, features and benefits.
- Gateway to LunaOne – All transactions within the LunaOne Metaverse will require XLN. Users should buy XLN to buy the best condos, ships and other NFTs while they are available.
Where to buy an XLN token?
XLN cryptocurrency can be purchased on Luna One website. First, you will need to create an account and pass the KYC verification. To complete the transaction, you will need to connect a crypto wallet where the purchased token will be transferred. The project offered the token at a discount to investors who bought it before its launch. The team announced that the cryptocurrency will be launched on Exchange Bitmart, but did not announce the listing date.
There are several different components that make up the experience Luna One. Metaverse avatars are “the main tool for creating a symbiosis between the virtual and the real,” the company explains. Each avatar will be an NFT and can participate in the decentralized organization. Users are encouraged to develop their avatars through a rating system. LunaOne will have “sub-tables” as well as the main ranking of the top 1% avatars.
Like Decentraland and The Sandbox, this new metaverse will be divided into neighborhoods and made up of real estate. Users can purchase these NFT properties, which will allow avatars to access new quests, change their appearance, and invite friends. The value of each real estate NFT will be determined by four factors: size, location, customization and “internal capabilities”. Other things LunaOne intends to include are decentralized file storage for all metadata and a streaming platform where users can earn by watching.
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What is the LunaOne coin (XLN) token, NFTs, Metaverse and Web 3.0? | PortalCrypto
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