Tokenomics
Allocation, Raising rounds and
$LUXY began with 100,000,000 utility tokens minted. The supply will be decreased when users interact with the marketplace. When a NFT is sold or a service is paid with $LUXY, a percentage of the transaction value will be burned in LUXY tokens.
Check out The Burning mechanics to see how it is done!
This chart reflects initial distribution:
Seed (12.5%)
Allocation: 12,500,000 LUXY
Price: $0.04
The Seed round will have a 2-month lock starting from TGE along with a 10 month vesting period.
Private (10%)
Allocation: 10,000,000 LUXY
Price: $0.05
The Private round will have a 1-month lock starting from TGE along with a 6 month vesting period.
Community Private (2.5%)
Allocation: 2,500,000 LUXY
Price: $0.06
The Community Private round will have a 1-week lock starting from TGE along with a 5 month vesting period.
IDO (5%)
Allocation: 5,000,000 LUXY
Price: $0.08
The IDO will have no lock starting from TGE and no vesting period.
Team & Advisors (15%)
The LUXY team and advisors will receive 15% of the total supply. This will have a 2 month lock period from TGE along with a 10 month vesting period.
Marketing (12.5%)
This will be used for marketing initiatives for the LUXY Marketplace such as growth hacking, airdrops, onboarding collections, creators support fund. This will have a 1-month lock from TGE along with a 3 year vesting period.
Operations (12.5%)
This will be used for the day-to-day activities of running the LUXY Marketplace, hiring employees, paying for services, as well as on-boarding exchange listings. This will have a 1 month lock from TGE along with a 3 year vesting period.
Liquidity & Rewards (20%)
At the time of TGE, we will provide liquidity mining. Our first liquidity pool will be set up with $200,000 USDC and 2 million LUXY giving an initial listing price of $0.10. We will also set up 4 farming pools for LP incentives. More information about our LP can be found in the Liquidity Pools section.
NOTE: The LUXY Team is not allowed to participate in any LP incentives.
Partnerships (10%)
This will be used for closing strategic partnerships. This will have a 2 month lock from TGE.
Complete Tokenomics Table
Raising Rounds!
Check out at https://finance.luxy.io/
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