WHITE PAPER
INTRODUCTION
Luxacoin is an innovative cryptocurrency designed to foster long-term value growth and reward patient investors. Built on a unique staking mechanism and featuring a controlled deflationary process, Luxacoin aims to create a stable and sustainable ecosystem that differentiates itself from traditional cryptocurrencies with high volatility. This white paper outlines the project’s objectives, functionality, and timeline to provide a comprehensive view for potential investors.
DESCRIPTION
1. Project Overview
-
Project Name: Luxacoin.com
-
Token Symbol: LUXA
-
Blockchain: Polygon
-
Launch Date: December 12, 2024
-
Total Supply: 100,000,000,000,000,000,000 (100 quintillion tokens)
2. Key Features
1. Scarcity Mechanism
When purchased, Luxacoins are locked for a period of 1 month, preventing immediate resale. This creates natural scarcity on the market, as users must hold Luxacoin for this duration, leading to greater stability and reduced volatility. During this lock period, Luxacoin’s limited availability can drive demand and potentially increase value.
2. Deflationary Burn Mechanism
Luxacoin employs a 10% burn mechanism on all trades or exchanges. This means that 10% of each transaction is permanently removed from circulation, reducing the total supply over time. This deflationary aspect of Luxacoin aims to increase the value of the remaining tokens by reducing supply, benefiting long-term holders and encouraging sustainable price growth.
3. Versatile Trading Options
Luxacoin is designed for seamless interoperability with widely used cryptocurrencies on Polygon, specifically USDC and BTC. This ensures easy liquidity and access to popular trading pairs. Luxacoin holders can exchange their tokens:
​
-
For USDC on Polygon: A stable and widely accepted digital currency pegged to the US dollar.
-
For BTC on Polygon: A secure and scalable solution for trading with Bitcoin, enabling fast transactions and lower fees.
3. Token Distribution
The Luxacoin ecosystem starts with a fixed supply of 100 quintillion tokens, with no future minting to ensure scarcity from inception. Token distribution is strategically allocated to foster community growth, incentivize early adopters, and secure liquidity for the long term. Details regarding initial distribution will be announced prior to the launch.
4. Roadmap
Phase 1: Launch Preparation
​
-
October 2024: Completion of smart contract development and initial testing on Polygon.
-
November 2024: Security audits, partnerships for liquidity, and final adjustments to smart contract protocols.
-
December 1, 2024: Release of official Luxacoin wallet and community channels.​
​​
Phase 2: Initial Launch and Market Entry
​
-
December 12, 2024: Luxacoin goes live on the Polygon network.
-
January 2025: Begin listing Luxacoin on selected decentralized exchanges with USDC and BTC pairs.
-
February 2025: Launch marketing campaigns to educate and grow the community.
​​
Phase 3: Ecosystem Expansion
​
-
Q2 2025: Launch additional staking opportunities and governance features for token holders.
-
Q3 2025: Initiate partnerships with DeFi platforms to enable Luxacoin integration into broader financial products.
-
Q4 2025: Community-based development initiatives to drive further utility and innovation within the ecosystem.
5. Objectives
Luxacoin is designed to offer a secure and rewarding investment experience for holders while promoting scarcity and stability through its burn mechanism.
​
Key objectives include:
​
-
Building a Community-Driven Ecosystem: Engaging with a community of long-term investors to ensure sustainable growth.
​
-
Promoting Value Appreciation: Encouraging holding and minimizing volatility through lock periods and the deflationary burn process.
​​
-
Expanding Access and Liquidity: Making Luxacoin readily tradable with popular stablecoins and Bitcoin to enhance utility.
