The Elumicate Network is fully decentralized and owned by all who participate, yet owned by no single entity. Utilizing advanced technologies, the network’s purpose is to capture real world events and digitize them into the form of data that can then be accessed with ease.
A token model is used to encourage and reward participants for their efforts. The token can be converted into data credits in order to gain access to the accumulated data. This creates a loop where the work put in to accumulate the data is rewarded with tokens that can then be used to gain access to the accumulated data. Token owners may transfer their holdings to allow others to gain access to the network’s data if they choose.
With a strong focus on security and anonymity, the network employs a governance model that ensures relevant decisions are voted upon by its participants who are also the owners. The network holds immense potential beyond it’s initial purpose of tracking traffic. More on our website.
