LUXY
  • Help Center
  • 🧞‍♂️Getting Started
    • Creating a Wallet
    • Connect to LUXY!
    • Adding coins to your Wallet
    • Buying $LUXY
  • LUXY Marketplace
    • 🔑Key Concepts
      • What is a NFT?
      • Collections
        • Single NFT (ERC-721)
        • Multiple NFT (ERC-1155) review
      • Royalties
      • Gas Price
      • Glossary
    • 🎩Transactions Guides
      • Check out
      • Create Listing
      • Cancel Listings
      • Accept Offers
      • Create Offers
      • Cancel Offers
      • Transfer
      • Burn
    • 🔧Collection Management
      • Create a Collection
      • Customize your Collection
      • Settings and Permissions
    • 🪅Mint!
    • 🔥Launchpad
      • Applying to the Launchpad
      • Checking and Customizing your Drop
    • ⁉️FAQ
  • FINANCE
    • Introducing the $LUXY token
      • Tokenomics
      • Lock and Vesting
      • IDO
      • Liquidity Pools
    • $LUXY guide
      • 1. Buy LUXY
      • 2. Provide Liquidity
      • 3. Farm
      • 4. $LUXY Swap
        • $LUXY Swap Guide
    • Utility
      • Farm
      • Holder Tiers
        • The Vault Guide
      • Marketplace Discount
    • The Burning
  • Developers
    • Smart Contracts
      • Creator LUXY ERC-721 V1
      • Creator LUXY ERC-1155 V1
      • Royalty Registry
      • LUXY Core
      • $LUXY Token
        • Vesting Contract
      • Farm Contract
      • Drop Contract
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  1. FINANCE

Introducing the $LUXY token

PreviousFAQNextTokenomics

Last updated 1 year ago

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The balloon dog has a token! LUXY Token is the backbone of our NFT Marketplace. Token holders gain access to features such as early access to NFT drops, reduced marketplace fees, and the option to participate in DeFi Staking incentives.

LUXY Token has a supply cap of 100 Million tokens. LUXY has a buyback and burn system which will result in 50% of the supply being burnt. This will eventually bring the total supply cap down to 50 Million tokens.

LUXY Token finalized all Seed and Private rounds raising $1,150,000. This brought strategic partnerships with , , , , , , , , , , plus a number of influential NFT Collectors who boast a collection of over 250k NFTs.

The IDO took place on the 30th of November 2021, across three launchpads: PolyLauncher, KSM Starter, and Axion. The IDO price was $0.08 with 5 Million LUXY available at the Token Generation Event (TGE), raising $400,000. We locked 2 million LUXY (200k USD worth) into our first pool, giving LUXY an initial listing price of $0.10

Polygon
Polygon Studios
Syscoin Platform
IBC Group
BlockDesk Ventures
Semetrix
CGM Ventures
Unity Capital
Pinata
The Crypto Launchpad
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