LunaOne is referred to as the LuneOne project which is based on Metaverse. It is a platform that aims to expand into multiple universes beyond just games. It is the first decentralized virtual society that aims to redefine decentralization through earnings, games and learning in a coherent Web 3.0 environment. Read on to learn more about the LunaOne project.
What is LunaOne (XLN)?
LunaOne, a Web 3.0 platform, allows people to participate in virtual and real-world activities simultaneously. The Internet is an amazing resource for connecting individuals from all over the world, whether it’s making money, learning something new or just having fun.
To keep the LunaOne metaverse running smoothly, the XLN token is the main fuel for all transactions in the system. This new coin will run on Binance Smart Chain soon, but XLN is now available on LunaOne’s website.
There are three main elements of Luna One Metaverse that you should know about:
- Integration of all vital life activities in one place.
- Interaction between worlds for real services, activities and knowledge.
- Decentralized Decision Making.
How does LunaOne (XLN) work?
The project built the only online space that brings virtual game worlds, educational platforms and recognized global vendors/brands into one convenient location. 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 “Player 1 ready” coming to the crypto sphere so far that offers unlimited NFT value and tangible benefits from avatar progress. 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 smell, touch and feel the environment on their skin while tracking the movements of another avatar’s face and body. LunaOne allows you to 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 combat, buy and develop real estate, invite friends, and discover new missions and tasks with rewards. Proponents of the metaverse can experience life in a limitless 3D open world, where they can buy virtual items, pilot ships, and build custom environments. They can also complete real-world tasks and receive virtual goods with real value in the physical world.
Accessibility on LunaOne
LunaOne is different from other VR/AR setups in that it will be available across 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 project founders 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.
decentralized lifestyle
LunaOne districts provide virtual land for sale to the public. The team relies on the fact that NFTs are, by definition, unique to introduce a certain degree of customization into the metaverse. Special events can be attended by individuals who purchase real estate, in addition to traveling and receiving visitors. Concerts and seminars can be attended without third party involvement using LunaOne.
DeFi File Storage System (DFS)
To further decentralize the network, the group proposes using 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 limitless 3D virtual universe where anyone can shop, socialize, work, play, participate in exhibitions, concerts and other events and live life in an endless world. Users need to create a unique avatar, an NFT that allows them to securely access and interact with all the features of Metaverse. One can use their avatar to solve, play P2E games, travel from one location to another and solve real world problems to earn rewards. Players can delve even further into avatars and virtual reality through the HYPE.vR kit.
The AR/VR set features 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 mirror 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 items in the Metaverse are unique NFTs that can be sold or transferred to other avatars. Homeowners can find new missions and events with rewards, invite friends, and customize/build their own persistent environments.
XLN token
The XLN coin is the native token that powers the LunaOne metaverse. Avatars will need to have XLN to influence virtual reality development and governance. DAO proposals can be submitted by the community and the foundation. XLN is the main currency used throughout the LunaOne Metaverse ecosystem. XLN is also a high-interest asset, allowing its holders to automatically generate income in their portfolios. XLN cryptocurrency has a total of 10.000.000.000 of Tokens XLN
- High Interest Rate – Every time XLN is sent, there is a 2% transaction fee. This fee is distributed to all current offering holders, thus creating an invaluable source of passive income.
- Political Power – Holding XLN imbues its users with voting rights based on the value they hold – the more they hold, the more power to make decisions about how the currency will be used and how LunaOne will develop.
- VIP Access – Possession of certain XLN referral amounts will give its holders access to VIP areas, features and benefits.
- Gateway to LunaOne – All transactions within the LunaOne Metaverse will require XLN. Users should purchase XLN to buy the best condos, ships and other NFTs while they are available.
Final Thought
There are several different components that make up the experience LunaOne. Metaverse avatars are the “primary tool for creating a symbiosis between virtual and real,” the company says. Each avatar will be an NFT and will be able to participate in the decentralized organization. Users are encouraged to develop their avatars through a rating system. LunaOne will have “sub-boards” along with the main ranking for the top 1% avatars.
Like Decentraland and The Sandbox, this new metaverse will be divided into districts 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 decided by four factors: size, location, customization and “internal possibilities”. Other elements LunaOne intends to include are a decentralized file storage for all metadata and a streaming platform where users can earn by watching.
