# Tokenomics $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](https://docs.luxy.io/help-center/finance/the-burning) mechanics to see how it is done! This chart reflects initial distribution: ![](https://2557887742-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MkNkMoxutEn4FpcllCj%2Fuploads%2F5R6ZGVdOjVAkmExGyx9H%2Fimage.png?alt=media\&token=46bc1dce-043e-4cc3-923e-57c78c8d92c8) ### **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](https://docs.luxy.io/help-center/finance/introducing-the-usdluxy-token/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

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

## **Raising Rounds!** Check out at

Allocation	$LUXY	Cost	Raise	%
Seed (completed)	12,500,000	$ 0.04	$ 500,000 ✅	12,5%
Private (completed)	10,000,000	$ 0.05	$ 500,000 ✅	10%
Community Private (completed)	2,500,000	$ 0.06	$ 150,000 ✅	2,5%
IDO	5,000,000	$ 0.08	$ 400,000 ✅	5%