LUXY
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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.
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!
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 1mo ago