All right, we can kick this off.
Thanks for joining us, everybody.
Welcome back to another Security Leaderboard Showcase.
Today's guest is Lumyshare, and we've had Lumyshare on in the past, so looking forward
to speaking with Ben Sharon, who is CEO and co-founder of Lumyshare, to hear what they've
been up to since we last spoke.
So, if you just want to start with a brief overview of Lumyshare and some of the main
objectives of your platform.
Yes, of course, yes, of course.
I will give you a few… do you want to wait one or two minutes for other people to join
This is basically recorded, so we'll post the link and make sure that's available
for everyone to join and listen back through.
So it's probably best if we get going.
Okay, so as this is a Skynet Security Leaderboard Showcase, I encourage everyone to head over
to the Security Leaderboard, which you can find at skynet.certic.com.
And if you type in Lumyshare up into that search bar up there, you'll get a full sort
of detailed breakdown of Lumyshare, the platform security, the audits that they've undergone,
audit coverage, KYC status as well, and Lumyshare is KYC Silver Verified, which is something
we can touch on, plenty of other metrics as well.
So Ben, do you just want to introduce the audience to what Lumyshare is?
So Lumyshare is a financial blockchain ecosystem.
Our main focus is to tokenize and fractionalize real world assets, starting with renewable
energy, meaning that renewable energy projects, after they will get verified by our team,
after they will pass the due diligence, will have the ability to tokenize, fractionalize
and offer the NFTs, the solar projects, to individual investors alongside with institutional
investors around the globe, which will give them the opportunity to invest in solar farms,
wind farms, et cetera, in 100% transparent manner.
And beyond that, because our technological solution that integrate with each of the solar
farms online, so we are capturing the data on real time, and we are making it accessible
for the investors so they can make a better risk management decision based on the real
So they can see how much electricity produced, and they can see the feed-in tariff prices,
and beyond that, they can generate reports, et cetera.
So the data is 100% transparent with the users.
And even if we are talking about small investors of $500 or a big investor of $10 million, so
they both will have the same access to this data.
So that's the main focus of Lumyshare.
We have our token Lumy, which is main utility.
Main utility is to be a means of exchange into the platform, meaning that if, for example,
you want to invest in one of the solar farms NFTs that are offered on our platform, so
we will have to purchase the Lumy token and to use it and target to invest in one of
these NFTs, one of these solar farms.
And from the other end, once you will receive the yield, the yield will be paid with Lumy
So that's in high level what is Lumyshare, and currently our token is listed on MEXC
and LA token, and soon it will be listed on larger exchanges as well as the alpha testing,
the launch of the testnet of Lumy Place will be uploaded, it will be on air very soon
within the next few weeks.
So that's in high level the overview about Lumyshare.
Okay, great, appreciate that.
So two questions come to mind.
How do you sort of ensure the transparency and accuracy of the data that you're bringing
on to the Lumy Place dashboard when that comes to pricing and energy generation, all the things
So you'll be launching the full dashboard platform in the coming weeks, is that what
So we will launch the testnet first for our community members and early investors to participate
in the launch of the testnet, as well as we are doing the back bounty program with
you guys, with CERTIC, which we will find more bugs and more technical issues in advance
in target to launch the official version without any bugs and issues.
So again, regarding the transparency, as I mentioned, we are integrating with the technological
solution which will sit, which will be installed on each of the solar farms and will collect,
will capture the data online from the solar farms themselves, meaning that we will see
how much electricity produced, the feed-in tariff, and other analytics online from the
solar farms, and we will make it accessible on the platform for the investors.
And as I mentioned, even if we're talking about the small investor of $500 investment
or a huge investor or institutional investor, for example, that investing $10 million, they
both will have the same access to this data.
So that's the initiative that we are doing in target to make it transparent.
So it's actually a piece of hardware that will be installed on the solar farms themselves.
Could you just give a bit more detail about that?
About the technological solution that's capturing the data?
Yeah, yeah, I think that's an interesting facet of it.
So it's very simple software that will be installed on their computers, on each of the solar farms,
and it will be like the middleman.
By that, it will capture the data from the solar farms, from the computers online.
So we will say three months or one year ago, and to generate reports, to see all the information.
You can see all the information that is live from the solar farm.
And as I mentioned, it will be accessible for the investors on the platform.
Yeah, I appreciate the insight there.
So since we last spoke, what are some of the major accomplishments that you've achieved at
What's been going on since then?
A lot going on since then.
I think the last time we met, we wasn't listed yet.
The token wasn't listed at all.
And as I mentioned right now, we are ready to go with our testnet version.
And within the next two weeks, we will launch it, the testnet.
And after that, of course, we are planning to launch the official version of Lumys.
I can share with you that we launched another platform that's called Lumysake, which is
a small solution from one end, project owners, and from the other end, for the investors,
for the people that want to stake their tokens.
And it's fully transparent as well.
And beyond that, we mitigate the risk by that the stakers will be protected because once
they are staking their tokens, the project owner wants to create a staking pool.
So it will be a one process that you will have to transfer the rewards as well, unlike
other platforms which do not demand to do it.
So it's another platform, totally different platform, as I mentioned, that we launched.
And the official launch will be this week.
Beyond that, they launched the listing of Lumys on several exchanges.
And beyond that, what else?
I think we hired two new team members, specifically from the renewable energy sector, and many
more with the web accomplishing team now.
So with the sort of blend that you're doing of renewable energy and blockchain, how do
you navigate legal and regulatory landscapes?
I imagine, I mean, how many different jurisdictions are you operating in, and then how do you navigate
these different laws and everything that are different in each one?
So regarding the regulation right now, it's a challenge for every project because it's
But we found out that in Europe, we have the right regulation for RWA tokenization.
We have our company in Abu Dhabi for the token, the license for the token, and another company
in Europe under the regulation of Mika, which is under establishment.
We are working on it right now.
We believe that within the next few weeks to a few months, we will receive the final license
Of course, regarding the jurisdictions, we can't and will not work in the US and will not
allow for US citizens to join our platform at the beginning.
But let's say the Europe and the GCC, Africa, part of Asia, and other countries around the
globe will have the ability and access to our platform.
At the beginning, as I mentioned, the US and other jurisdictions that will not allow for
RWA and in general crypto, of course, we will not be active in these countries.
Specifically about the US, it will take probably some time, but we are planning in the next
future to start the regulation procedure as well there.
But until then, we will not allow any US citizen to participate and to use our platform
Yeah, I think the landscape in the US is a bit different and means that US-based investors
do miss out on some of the more interesting projects.
But good for you to clarify that, yeah, not available to US investors at the moment.
They'll have to keep an eye out in the future.
When it comes to the platform in its testnet stage, what can people actually do with
How can they get involved?
What are the opportunities that will be available with the launch of the platform in this coming
Yeah, so first, it will be almost fully functional, meaning that it will be the same functions
as it will be with the full official version.
But we want to make the test first with the community members and the early investors.
So they will have almost the same access to the functions.
But of course, it will be on the testnet, so it will not be with real money.
They will receive test tokens, and then we will guide them, and we will give them all
the real projects that we already signed in with the renewable energy projects.
And it will look 100% like the real version, but on the testnet.
We just want to improve ourselves in advance and to find out about our community needs,
and from the other end, the renewable energy projects needs as well.
And we are speaking with institutional investors around the globe to hear their voices well,
because we believe that they will be a crucial part of the volume of Lumi Place, at least
at the beginning, in the first few years.
And on that note, how do you plan to encourage community-driven development and decision-making
Will there be those opportunities for users, or how can people get involved and have the
Yeah, so we have another function that will not be available at the beginning.
It's a DAO function, which will give the opportunity to our community members and all
the earth in the platform to vote and to impact on a few decisions on the platform and above
In the company, I'm not talking about only Lumi Place, but we have two different DAO
models that actively will use our community and we will ask them to vote and to impact
on a few other decisions beyond what I just mentioned on Lumi Place specifically.
Sounds very promising for the future.
So when it comes to security, just talk a little bit about your work with CERTIC, and
in particular, the KYC verification and why you opted for KYC Silver verification with CERTIC.
So I'm always saying that, unfortunately, we are still in the situation that, in my opinion,
99% of the crypto industry is scam, you know.
So we want to mitigate, we want to change it.
We want to change the status quo.
And that's why we are doing our best in target to make it happen.
And I believe that this KYC that we have done with the CERTIC will bring more confidence
to the investors and will make it more transparent.
And that's what we need for that transparency, for standing publicly behind your project,
putting a face to the name and everything, and giving investors some confidence that this
is a platform that's around for the long term.
So are there any other features, anything else that you can mention to the community?
Any other announcements you want to make?
Any way that you want to direct people to get involved in the testnet?
Just feel free to share whatever you want with the community.
So, guys, if you would like to participate in our alpha testing, the testnet, that will be
So go into our website or social media and register on the Google form.
We are offering huge advantages using our platform and using our testnet.
Let's check the minimum requirements and register and looking forward to start the procedure.
And beyond that, very soon we will announce on big exchanges that we will list our token
on and other feature, a game changing feature that will be announced very soon publicly.
Game changing sounds good.
I like the sound of that.
So, yeah, everybody should keep an eye out on what Lumyshare is doing and check out their
entry on the security leaderboard.
We – yeah, no, I mean, Ben, if there's anything else that you want to share, then
But otherwise, great to have you back on the show.
Great to hear some updates and looking forward to checking out the launch of your testnet
It was a very good session.
I appreciate it and looking forward to the next one.
Thanks, everybody, for tuning in and keep in touch, keep engaged.