06 Lumy Hot Place
Q3: Payments Go Outside
Lumy Hot Place is a location-based in-person payment service.
Neighborhood merchants (restaurants, cafés, beauty studios, sports facilities, clinics, and the other places you visit in daily life) are its target.
If Marketplace is online ordering of premium offline goods, Hot Place is closing out the bill in LUMY at the shop you walk into.
If Marketplace is a curated catalog, Hot Place is a map. Members discover and register the places they actually go to, and merchants join to accept LUMY at the counter. Members and merchant owners are adaptive agents moving with different motivations, yet they naturally meet on the same LUMY.
How It Works
1
A member registers a merchant they visit often (the registration credit accrues to that member)
2
The merchant owner joins as a Lumy payment merchant and sets up payments
3
The member pays in LUMY at that merchant
4
The smart contract automatically executes the 6-step settlement
5
The registering contributor receives a permanent share of every future payment at that merchant
Core idea
The act of a member registering a merchant itself becomes a permanent asset. A small action by one user (registering a merchant) creates value through another user's action (paying): a pattern where a small signal inside the system creates a self-reinforcing cycle.
Settlement: 6 Steps (Canonical Operational Policy)
A single Hot Place payment is automatically split into 6 steps.
Merchant settlement
80%
The merchant owner's net receipt
Network booster
10.5%
Accelerates the mining speed of ecosystem participants' nodes
User payback
3%
Cashback to the paying member
Registering contributor
2%
Permanently accrues to the member who registered the merchant
Burn
2%
Permanent supply reduction
Company operations
2.5%
Operator's share, auto-routed
These 6 steps are executed at the smart contract level. Settlement is automated from end to end and verifiable on-chain.
Value to the Merchant Owner
The reason a merchant owner participates in Hot Place is more than simply adding another payment method.
Free VIP customer acquisition: When Lumy members register a merchant, they tend to naturally become regulars.
Discovery within the ecosystem: Lumy members discover new places on the same surface they already use.
Lock-in effect: Because LUMY payment returns value to the member through cashback and boosters, members reach for LUMY first as their payment method.
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