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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

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 https://finance.luxy.io/

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

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