Details

Last Funding Type

Initial Coin Offering

Last Funding Money Raised

$13.25M

Industries

Bitcoin,Blockchain,Cryptocurrency,Financial Services,FinTech,Marketplace

Founded date

Dec 13, 2017

Number Of Employee

11 - 50

Operating Status

Active

Also Known As

LUHN COIN

HashRental marketplace connects sellers (miners) of hashing power with buyers of hashing power through smart contracts, decentralized Escrow. It offers convenient and easy-to-use tools for all crypto-market participants to create as much profit as possible. The only existing large cryptocurrency mining marketplace has been hacked in late 2017. As a result, the market customers lost $60 million. So this seemed like a problem that we could do something about.
Problem:
Existing other marketplace is a centralized service. It’s a point of weakness. It was only a matter of time until hackers decided to attack this platform, which is exactly what happened.
Solution:
We've created the First Decentralized Hashing Power Marketplace.
LUHN coin corresponds to the price of one hour hashing power rent. Minimum amount of hashing power for 1 LUHN is determined by the current weighted average profit from mining altcoins for each algorithm. fter the service is launched all users can exchange LUHN coins on hashing power and get profit.

The LUHN Token is one only token to allow holders to enter and exit cryptocurrency mining investments at any time at a cheap, profitable cost through its fast exchange and no having to buy expensive equipment.