Tokenomics

LuxWorld initial economy will operate with token LUX and two main NFT Items.

LUX (LuxWorld Token)

LuxWorld Token (LUX) are built on the Arbitrum One and developed as the native token of the meteverse.

Token Name: LuxWorld token

Token Symbol: LUX

Token Decimals: 18

Token Type: ERC-20

Circulation Supply: 2,000,000,000

Token Address: 0x58b13de0b56c91497b1aaeb344be2a4d7d0478c2

LUX Supply and Earning

LUX is a governance and utility token with limited supply of 2,000,000,000 LUX. At the initial phase, we set community sales accounted for 45% of token supply. After presle, unsold token from Community Sales was transfered to Community Treasury.

Token amount	Portion	Total Supply	Lock Schedule
Community Sales	28,5%	569,461,518	Unlock 100%
Strategic Investors	5%	100,000,000	Locked 1 year, vest linearly over 3 years
Liquidity Exchange and Staking	10%	200,000,000	---
Ecosystem	10%	200,000,000	Vest linearly over 48 months
Travel to Earn	20%	400,000,000	Vest linearly over 5 years
Foundation Team	10%	200,000,000	Lock 1 year, vest linearly over 3 years
Community Treasury	16,5%	330,538,482	Lock 1 year, vest linearly over 05 years
	100%	2,000,000,000

LUX Burning Mechanics

LUX Burning mechanics is applied for LuxWorld's first pharse. The LUX is burned by:

For Travel Users:

• Luggage Minting
• Repair
• Leveling up
• Opening Lucky box, boost and mint Diamond
• Luggage Customization

For Check-in Node Owners

• Check-in Node Minting: Breeding, Merging
• Check-in Node customization
• Boosting energy recovery of Check-in Node
• Leveling up
• Buying Diamonds to increase Attribute points of Check-in Node