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.
This chart reflects initial distribution:
- 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.
- 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.
- 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.
- Allocation: 5,000,000 LUXY
- Price: $0.08
- The IDO will have no lock starting from TGE and no vesting period.
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.
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.
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.
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.
This will be used for closing strategic partnerships. This will have a 2 month lock from TGE.
Allocation | % | $LUXY | Lock | Vesting | Cost | Raise |
|---|---|---|---|---|---|---|
Seed (completed) | 12.5% | 12,500,000 | 2 Months | 10 Months | $ 0.04 | $ 500,000 ✅ |
Private (completed) | 10% | 10,000,000 | 1 Month | 6 Months | $ 0.05 | $ 500,000 ✅ |
Community Private (completed) | 2.5% | 2,500,000 | 1 Week | 5 Months | $ 0.06 | $ 150,000 ✅ |
IDO | 5% | 5,000,000 | No Lock | | $ 0.08 | $ 400,000 |
Team & Advisors | 15% | 15,000,000 | 2 Months | 10 Months | | |
Marketing | 12.5% | 12,5000,000 | 1 Month | 3 Years (Y1: 5% / Y2: 2% / Y3: 1,33% per month) | | |
Operations | 12.5% | 12,5000,000 | 1 Month | 3 Years (Y1: 5% / Y2: 2% / Y3: 1,33% per month) | | |
Liquidity & Rewards | 20% | 20,000,000 | Locked in Liquidity | | | |
Partnerships | 10% | 10,000,000 | 2 Months | | | |
| | | | | Total Raise: | $ 1,550,000 |
Total Supply | | 100,000,000 | | | Raised: | $ 1,150,000 |
Allocation | $LUXY | Cost | Raise |
|---|---|---|---|
Seed (completed) | 12,500,000 | $ 0.04 | $ 500,000 ✅ |
Private (completed) | 10,000,000 | $ 0.05 | $ 500,000 ✅ |
Community Private (completed) | 2,500,000 | $ 0.06 | $ 150,000 ✅ |
IDO | 5,000,000 | $ 0.08 | $ 400,000 ✅ |
Last modified 6mo ago