Holder Tiers
Last updated
Last updated
Originally, the multichain $LUXY token gave the holders increasing marketplace discounts based on the amount of $LUXY tokens the user held in each blockchain amongst the ones supported on Luxy.
This system was limited, as our holders were only able to leverage these discounts in one blockchain at a time. Additionally, bridging their $LUXY between different supported chains resulted in multiple transaction fees paid multiple times.
With the $LUXY migration to Rollux, we took the opportunity to review our Tiered Discount System, and we're proud to present our upgraded tiered discount system: The Vault!
By using the Vault, our $LUXY holders can lock a certain amount of $LUXY on the Rollux network and receive a discount token, that can be minted in all networks Luxy supports. Once this is done, for every transaction executed inside Luxy, as long as the wallet holds the discount token in the respective blockchain, a discount will be automatically applied to your fees! The tiered fees are as follows:
| Tier | Amount of $LUXY Token locked | Fee | Service Discount |
|---|---|---|---|
5 | 250,000 | 0.25% | 87.50% off |
4 | 125,000 | 0.75% | 62.50% off |
3 | 50,000 | 1.25% | 37.50% off |
2 | 25,000 | 1.50% | 25.00% off |
1 | 10,000 | 1.75% | 12.50% off |
0 | 0 | 2.00% | 0.00% |
You can check our detailed guide on how to use the Vault to get your discounts below!
