The technical stuff
The $LUX Token is the central utility token of the LUX | Metaverse. This is the utility token that you will buy, sell, and earn whilst participating in the LUX | Metaverse.
The $LUX Token is working with a revolutionary, re-circulating tokenomics model. This consists of an extremely simple initial token supply split in which the token emissions are drawn from. The tokens are then pulled out of the economy via a variety of token sinks. The tokens from these sinks are then split between the emissions wallets and other operational wallets.
The benefits of this system are numerous:
- 1.It ensures the maximum possible runway for the emissions.
- 2.It ensures that the team develops a fully working economy creating a more stable token value.
- 3.It ensures that there are no large vesting cliffs or centralized holdings from the team or any venture capitalists.
- 4.It encourages the team to provide significant inherent value to the token in order for it to continue to circulate.
1x $LUX token will always be worth 1 x $LUX token
The $LUX token has a Max total supply of 10,000,000,000
This will be the initial token split and the wallets in which the token will be split between.
This is the ideal split of the distribution of the token sinks. The Marketing, Team, and Advisors split will remain constant, however, the Operations, P2E, and Staking split will be algorithmically controlled to ensure the balance is maintained to ensure the initial split is achieved.
This means that if any of the emissions wallets are lower than their allocated percentage of the initial split, the recirculation split will accommodate this by increasing the recirculation allocation at the detriment to the other wallets.
In essence the sinks will auto-balance the emissions wallets to ensure there is always more token for people to earn.
Lock up your NFTs for a week at https://staking.wearelux.spaces to earn the following amount of $LUX.