$LUXY Sold out! Contract, DEX Launch, Staking, Vesting Details
Hello to all our new LUXY friends!
We are happy to announce that our IDO Launchpads have all now finalized allocations! Thank you to everyone that participated and welcome to the LUXY family! Don’t forget to join us in either Discord or Telegram to stay up to date with everything happening with LUXY Token and our NFT Marketplace.
So what’s next? Find out more below!
LUXY Contract Address
Public DEX Launch
Our initial pool will be on SushiSwap. We will be providing $400,000 in liquidity broken down into 2 million $LUXY and $200,000 USDC, giving $LUXY a launch price of $0.10 USD and a marketcap of $700,000. The pool will go live on 01/12/2021 at 3pm UTC. We will provide all links when we launch.
- Pair: LUXY/USDC
- Liquidity Provided: 2million LUXY & $200k in USDC
- LUXY Launch Price: $0.10 USD
- DEX: SushiSwap
- Date: 01/12/2021
- Time: 3pm UTC
- Initial LUXY Supply: 5mil (IDO), 2mil (Liquidity) = 7mil tokens in total.
- Initial Marketcap: $700,000
- Fully Diluted: $10,000,000
- $LUXY Contract: 0xd4945a3d0de9923035521687d4bf18cc9b0c7c2a
Initial LP & Liquidity Mining
LUXY Farming Pools
Total Incentives: 20mil LUXY
20% of the LUXY token supply is allocated to provide liquidity and rewards to the LUXY token! It will be used for the initial liquidity provided to our USDC/LUXY pool and Liquidity mining incentives.
An initial liquidity pool will be set up with 12.5% of incentives on SushiSwap with 2mil LUXY + $200,000 USDC to launch token at $0.10
Total Rewards: 10mil LUXY
The initial liquidity mining program will start with a duration of 1 year in order to attract liquidity to the LUXY protocol. 10mil of the tokens allocation will be distributed through 4 farms with a duration of 3 months for users who lock LUXY-USDC LP tokens in the contract.
LUXY Token Farming Pools
APR will be dependant on the amount locked into LP Farms. For example, if we were to get 5% of the total LUXY supply in LPS farming, we get the following APRs.
Lock and Vesting Details
Seed: Our Seed Round raised $500,000 at a price of $0.04 and a total of 12,500,000 LUXY sold. The Seed round will have a 2-month lock starting from TGE along with a 10 month vesting period.
Private: Our Private Round raised $500,000 at a price of $0.05 and a total of 10,000,000 LUXY sold. The Private round will have a 1-month lock starting from TGE along with a 6 month vesting period.
Community Private: Our Community Private Round raised $150,000 at a price of $0.06 and a total of 2,500,000 LUXY sold. The Community Private round will have a 1-week lock starting from TGE along with a 5 month vesting period.
IDO: Our IDO will raise $400,000 at a price of $0.08 and a total of 5,000,000 LUXY sold. The IDO will have no lock starting from TGE and no vesting period.
Team & Advisors: 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% of the supply will be reserved for Marketing. 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% of the supply will be reserved for Operations. This will be used for the day-to-day activities of running the LUXY Marketplace, hiring employees, paying for services, as well as onboarding exchange listings. This will have a 1month lock from TGE along with a 3 year vesting period.
Liquidity & Rewards: 20% of the supply will be reserved for Liquidity & Rewards. At the time of TGE, we will provide liquidity mining and our first liquidity pool will be set up with $200,000 USDC and 2mil LUXY tokens giving an initial listing price of $0.10. We will also set up 4 farming pools for LP incentives.
NOTE: The LUXY Team will not be allowed to participate in any LP incentives.
Till next time…
💗 Team LUXY
Connect with LUXY
Send your project here: https://luxy.io/
LUXY is becoming the go-to NFT platform, established in March of 2021, and has evolved into a team of 15. Starting with a next-gen Marketplace that is designed to offer a new and much improved NFT experience. It is built to be multichain, starting with the Polygon blockchain allowing it to be fast, scalable, green, low cost, and user-friendly. Decentralization is the core of crypto, so at every step, our marketplace is built around that core concept.
LUXY will offer your standard marketplace features plus additional features curated over months of research. These will include support for; GameFi, 3D models, Collection Launchpad, User-owned Collections, Multiple Royalty Addresses for group projects, direct royalties, all file types, White Label Solutions, and UI/UX for ease of use.