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$LUX

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
Total Supply
The $LUX token has a Max total supply of 10,000,000,000
Token Split
Initial Split
Recirculation Split
This will be the initial token split and the wallets in which the token will be split between.
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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.
Split Wallets
Staking
The Staking wallet is simply where the emissions from all staking activities will come from.
Play 2 Earn
The Play 2 Earn wallet is where the emissions for any activities within the LUX | Metaverse will come from. Anytime you passively earn $LUX from Stay to Earn or other P2E activities those tokens will come from this wallet.
Operations
The Operations wallet is the wallet that the team will use for payments of $LUX for in-metaverse activities. This may include paying LUX | Retail employees, LUX | Entertainment employees, competition rewards, tournament rewards, etc.
Team
The Team wallet goes to paying the team members who make the LUX | Metaverse a reality.
Advisors
The Advisor wallet goes to pay the Advisors who help the team with their expert advice.
Marketing
The Marketing wallet goes to out-of-metaverse marketing activities. These include, but are not limited to, discord giveaways and competitions, bounties, twitter competitions, etc.
Staking
Lock up your NFTs for a week at https://staking.wearelux.spaces to earn the following amount of $LUX.
 
per Week
per Month
per Year
Mansion
2,000
8,666
104,000
Penthouse
1,600
6,933
83,200
Condo
1,400
6,066
72,800
Duplex
1,200
5,200
62,400
Apartment
1,000
4,333
52,000
Entertainment
1,000
4,333
52,000

	per Week	per Month	per Year
Mansion	2,000	8,666	104,000
Penthouse	1,600	6,933	83,200
Condo	1,400	6,066	72,800
Duplex	1,200	5,200	62,400
Apartment	1,000	4,333	52,000
Entertainment	1,000	4,333	52,000

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Last modified 1yr ago