LUXY
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  • 🧞‍♂️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
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      • 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
  2. Introducing the $LUXY token

Liquidity Pools

Liquidity pools are places to pool tokens (which we sometimes call liquidity) so that users can use them to make trades in a decentralized way. These pools are created by users and decentralized apps (or Dapps, for short) who want to profit from their usage. To pool liquidity, the amounts a user supplies must be equally divided between two coins: the primary token (sometimes called the quote token) and the base token (usually ETH or a stable coin).

You can provide liquidity to contribute to the Luxy ecosystem! Check the section 2. Provide Liquidity!

LP tokens are the main DeFi component on Luxy. Owning our LP tokens will provide access to marketplace features and rewards.

20% of the $LUXY supply is allocated to provide liquidity and rewards for $LUXY! It is used for 2 purposes:

Total Incentives: 20,000,000 $LUXY

Initial LP

An initial liquidity pool for a DEX was set up with 12.5% of total incentives. In total, 2,000,000 $LUXY + 200,000 USDC were allocated to launch $LUXY on SushiSwap, with an opening price of $0.10.

[CLOSED] Liquidity Mining

Total Rewards: 10,000,000 $LUXY

The liquidity mining program had a duration of 1 year. Our goal was to help attract liquidity into the Luxy Marketplace protocol. Through this, 50% of the tokens directed to incentives were distributed through 4 farms with a duration of 3 months for users who lock LUXY-USDC LP tokens in the contract.

NOTE: The LUXY Team was not allowed to participate in any LP incentives.

PreviousIDONext$LUXY guide

Last updated 1 year ago

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