Luxy.io x IM community AMA RECAP
TELEGRAM AMA: Im Community & Luxy.io đ
â° AMA Timing : 02 November 2021 l 02:00 PM UTC l 21:00 GMT +7
Venue For AMA : https://t.me/imcommunityitw
đ Reward Pool 100 USDT
Bà Tân | : Welcome @bstr156 from Luxy.io
Bà Tân | : Welcome everyone. Today Im Community will host AMA with Luxy.io
Bà Tân | : Today our guest is: @bstr156 from Luxy.io
Ahrix : Welcome @bstr156 to the IM community.
bstr156 : ��� Happy to be here!
Bà Tân | : Can you introduce yourself to our Im Community?
bstr156 : Sure! Iâm Bradley Stephenson. My focus on the Luxy team is to help communities realize the great capabilities and value Luxy will provide to NFT enthusiasts, marketplace participants, and potential investors.
Hereâs a little more about me. I first learned about Bitcoin back in 2011. Became more active in the blockchain scene around 2014. In 2019 I joined the board of the non-profit Syscoin Foundation, another project I really love to this day.
My professional background includes over twenty yearsâ IT and dev experience, with much of that in enterprise database development. At the very least, that means I recognize good solutions when I see them.
The Luxy founders came together and formed Luxy because each of them recognized the real need for a better NFT experience for everyone, and saw this as a huge opportunity. Some of our team such as our UI/UX designers are long-time art lovers, some are long-time blockchain geeks and devs, musicians, gamers, and some are all of those. We came together to create something that everyone will love. A much better way to share art, music, gaming items, and the value behind them!
Bà Tân | : Thanks for the introduction.
BĂ Tân | : Todayâs AMA will have 3 sessions
Sessions 1: The chat will be muted & the team will introduce themselves then we will ask some introduction questions to the team Luxy.io
Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/IM_Communityitw/status/1455188208124268554).
Sessions 3: The conversation will open to the community questions and the 5 best questions will be selected.
Bà Tân | : Requirements:
���Im Community (https://t.me/imcommunityitw)
���Luxy.io (https://t.me/luxyio)
���Twitter Luxy.io (https://twitter.com/Luxy_io)
���More information about Luxy.io :
���Website (https://luxy.io/)
���Instagram (https://www.instagram.com/luxy_nft/)
���Medium (https://medium.com/@luxy-io)
���Discord (https://discord.gg/UqRPfhsBKF)
Bà Tân | : Start session 1 AMA
Bà Tân | : Question1. Can you briefly describe what is Luxy.io ? We would like to know more about it and how it works. @bstr156
bstr156 : Luxy Marketplace is an open and decentralized marketplace for NFTs focused on collectibles, art, and gaming.
Luxy will provide a state-of-the-art user experience, along with fast transactions, low fees, and unique features like split royalties for big collaborative works, and non-custodial collections.
*We plan to launch the marketplace within the current quarter (Q4 2021)*.
Luxy is designed to be multi-chain. The first blockchain we are launching on is Polygon. We will also integrate with Syscoin once their EVM platform is launched to mainnet. Other blockchains will be carefully considered as well.
LUXY Token itself will be a very useful part of the marketplace, and will give owners some nice advantages. Dates of the IDO for LUXY Token will be announced soon when we finish organizing it.
Ahrix : @bstr156 Please say âDoneâ when you have finished the question, thank you.
bstr156 : Done
Bà Tân | : Question2. What support does the Luxy.io project provide for NFT products? @bstr156
bstr156 : Luxy provides a broader range of support for NFTs than other platforms. We support both ERC-721 and ERC-1155 based NFTs, creation of collections, both direct and split royalties, 3D NFTs, music, decentralized storage of the underlying asset, custom metadata, sales, auctions, and more.
After the initial launch we will begin to introduce some new things, including:
LUXY DAO: Give community members the ability to vote on new features, etc
Collection Ownership: Enable creators to own their own NFT smart contracts so they can have portability to other open marketplaces if they wish
White Labeling: Enable projects and enterprises to utilize the Luxy Marketplace backend for their own projects
Luxy also aims to be the first NFT Marketplace to use ZK-Rollups to make it even cheaper, faster, secure and future-proof!
Iâm sorry I accidentally deleted the answer to question 2⌠I will repost it very quickly
Question 2 answer:
Luxy provides a broader range of support for NFTs than other platforms. We support both ERC-721 and ERC-1155 based NFTs, creation of collections, both direct and split royalties, 3D NFTs, music, decentralized storage of the underlying asset, custom metadata, sales, auctions, and more.
After the initial launch we will begin to introduce some new things, including:
LUXY DAO: Give community members the ability to vote on new features, etc
Collection Ownership: Enable creators to own their own NFT smart contracts so they can have portability to other open marketplaces if they wish
White Labeling: Enable projects and enterprises to utilize the Luxy Marketplace backend for their own projects
Luxy also aims to be the first NFT Marketplace to use ZK-Rollups to make it even cheaper, faster, secure and future-proof!
Now on to answering question 3!
Done
BĂ Tân | : Question3. What is Luxy.io teamâs $LUXY token sale open plan? how to buy it? @bstr156
bstr156 : The LUXY IDO will take place towards the end of November! It will be available to you on multiple IDO platforms including PolyLauncher, Axion, and more.
We will announce the specific IDO launch date on our social media platforms, as soon as we finalize all the details! Join or subscribe to stay up-to-date!:
Telegram: https://t.me/luxyio
Twitter: https://twitter.com/luxy_io
Discord: https://discord.gg/sewc85MMeH
Medium: https://luxy-io.medium.com/
Website: https://luxy.io/
Done
Bà Tân | : Question4. What role does the $LUXY token play in your ecosystem? What are the benefits of long-term holding? @bstr156
bstr156 :
LUXY Token is a deflationary asset that will useful on Luxy Marketplace, and provide other benefits
- Max supply of 100 million
- 10% of all marketplace fees are used to buy and burn LUXY
- Liquidity pool (LUXY/USDT)
- Liquidity pool farming opportunities
- Note: All sale rounds before the IDO have already sold-out quickly
- Seed and private rounds are complete, and are locked for a vesting period
- Seed: 2 months lock/10 months vesting
- Private: 1 month lock/6 months vesting
- Community-Private: 1 week lock/5 months vesting
- Tokens sold during the upcoming IDO will not be subject to locking or vesting
Luxy Marketplace is a project with a dedicated team and a solid roadmap. LUXY Token will continue to play an increasingly important role in the ecosystem as Luxy Marketplace evolves.
LUXY Token will enable owners to redeem specific services like promoting their NFT on the platform, discounts and other things.
Done
Bà Tân | : Question5. What is the development roadmap of Luxy.io Team at the present time and in the future? @bstr156
bstr156 :
We have completed the main design and development of Luxy Marketplace. Luxy is currently operating in its Beta test phase on Polygon.
Testing is underway by participants from inside and outside of our community. A third-party auditing firm is currently performing security audits on our smart contracts as well, as part of proper diligence prior to launching.
Again, Luxy Marketplace is expected to launch within the current quarter (Q4 2021), first on Polygon.
After the initial launch we will begin to introduce some new things, including:
- Collection Ownership: Enable creators to own their own NFT smart contracts so they can have portability to other open marketplaces if they wish
- LUXY DAO: Give LUXY Token owners the ability to vote on new features, etc
- White Labeling: Enable projects and enterprises to utilize the Luxy Marketplace backend for their own projects
We also plan to deploy Luxy Marketplace on ZK-Rollups later, making it more future-proof and even more secure, fast and affordable!
Done
Bà Tân | : End of session 1
Bà Tân | : We will move on to session 2
Bà Tân | : Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/IM_Communityitw/status/1455188208124268554).
Bà Tân | : Question1. PiloT @PiloT9804
Depending on the blockchain a buy or sell of NFT-art can be very expensive, and what costs in pure transaction fees should a customer expect on Luxy_io?
bstr156 : You can expect your transaction fees to be far less expensive than Ethereum, usually pennies. Luxy is very focused on providing users the lowest cost in network fees possible on secure blockchains. For that reason we have chosen to launch on Polygon followed by Syscoin. We are also considering launching on Ethereum too because of the sheer number of users it has, but using Ethereum on Luxy would be optional to users, not a requirement.
Done
Bà Tân | : Question2. AnhQuang12 @anhquang1905
What type of NFT can users minting, and what kind of NFT is Luxy_io equipped with which creation tool will allow for easy NFT minting? How easy will it be for ordinary users to do this without having to worry about encryption techniques and the complexity of NFT?
bstr156 : Luxy Marketplace enables users to very easily mint a single NFT (ERC-721), and a âmultiple NFTâ for say, digital art with many editions (ERC-1155), and to create on-chain collections. Our focus from day one has been to make this process very simple and easy to understand. The user doesnât have to worry about encryption techniques or anything like that; just point, click and enter simple data.
Done
Bà Tân | : Question3. Butterfly @hidy00
Many blockchain projects exist solely to sell their tokens and subsequently transform into rug-pulling projects after profiting from the presale. What can Luxy do to make us feel more at ease about participating in the Presale and investing in Luxy?
bstr156 : This is a good question, and I encourage everyone to study the answer and apply it any time they are considering buying into a project:
The first place to look is the Luxy team. Much of the team is composed of individuals who have been associated with very long-term decentralized blockchain projects or enterprises. In particular, some core team members are also members of the non-profit Syscoin Foundation which is a project still around and innovating today since 2014. Other team members are established blockchain solution consultants with their own successful enterprises like Pollum Labs and Quan Digital, the biggest blockchain solutions providers in Brazil.
Also look at who else is investing and supporting the project. BlockDesk Ventures and NFT influencers like âStrongHandsâ are âcrypto veteransâ and are very careful about the projects they choose. They, among others, choose Luxy.
Also consider what a project has already accomplished on their roadmap. Developing the software for Luxy Marketplace has been a big effort that is complete, testing is underway, and it is due for release this quarter. A ârugpull projectâ generally wouldnât undertake such an effort and have such a tight timeline.
Done
Bà Tân | : Question4. Little Cat @ArdaKalandra
Regulation is very important. Many projects were closed in many countries due to failure to use the correct regulations and permits. In order to go global How does #LUXY team deal with these issues?
bstr156 : Another great question. Regulations become a big issue for centralized projects, and for securities! From day one, Luxy Marketplace has been designed to be open and decentralized, therefore is not subject to a lot of those headaches. As for LUXY Token, it is a utility token for specific functions within the marketplace and Luxy DAO, therefore not a security. Also, while the team provides plenty of tokenomics details that indicate LUXY Token can possibly increase in value, the team also makes no promises of future gains or that it will take specific actions on its own aimed specifically at increasing value to owners of LUXY. The team is also choosing the IDO platforms carefully in consideration of things like regional regulations.
Done
Bà Tân | : Question5. Rainbow Beast @kikiMD14
Is your âPROJECTâ solely aimed at the crypto business, or may it lead to future collaborations with major corporations?
bstr156 : Our split royalties model makes it much easier for larger entities to get involved in NFTs if they wish to, because royalties can be divided among multiple parties. The same can be said for our white label solutions which are on our roadmap. Those will enable other projects or enterprises to use the Luxy Marketplace backend with their own branding.
Also, we are currently collaborating with industry professionals like music distributors to help set NFT standards for different industries like music, because we see that area is currently lacking in the NFT space.
Done
Bà Tân | : Congratulations to the winners of session 2.
@PiloT9804
@anhquang1905
@hidy00
@ArdaKalandra
@kikiMD14
Bà Tân | : Alright, Session 2 has finished perfectly. Appreciate your detailed responses @bstr156 ���
Bà Tân | : End of session 2
BĂ Tân | : Weâll move on to session 3
Bà Tân | : Sessions 3: The conversation will open to the community questions and the best questions will be selected.
BĂ Tân | : Donât forget to join the group https://t.me/luxyio
Bà Tân | : Group will unmute now so everyone can ask questions.
Bà Tân | : Thanks for the questions from the community.
Bà Tân | : @bstr156 Please choose the best 5 questions and answer it for session 3.
Q1. The Covid-19 pandemic season weakened economies around the world. What did the Defi project do to motivate and educate members of the Defi community to survive in the Defi community??
bstr156 : The Luxy team is spread out across the globe. We have members in Australia, Brazil, Netherlands, Portugal, the USA and other places! We all work remotely, so the Pandemic has minimal effect! We get things done!
Q2. Bear market will not be easy for a new project to survive. We have seen so many projects failed to survive in the bear market, Have you thought about this? What are the plans on surviving on bear market?
bstr156 : Absolutely! We have planned our tokenomics and distribution in such a way to ensure the project persists despite any unforeseeable market conditions!
Q3. What is the Best way to follow All your Upcoming news and updates? What are your plans in coming Future?
bstr156 : Twitter and Telegram are best! Refer to the information in session 1 for links!
Q4. How do you deal with the security threats of your project? DO you have any AUDIT in recent times for trust?
bstr156 : All of the smart contracts behind the platform are currently being audited by a third-party firm that specializes in such security audits. Our dapp will also be hosted with security to prevent such simple attacks as DDOS, etc.
Q5. Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?
bstr156 :
Q6. ���������������������������������������������
Itâs great that the NFTs in LUXY are environmentally friendly! They only integrate green blockchains like Syscoin.How do you publicize your project to attract more users? And what positive impact do you think your project will have in the long term?
bstr156 : Our strategic partners like BlockDesk Ventures, IBC, and many others help us organize our marketing efforts and are highly interested in the success of the project, so you can be sure it is, and will be marketed in an effective way. Luxy Marketplace will change the NFT landscape by making the user experience so much better than it is now, and by making it easy for larger enterprises to get involved as well.
Q7. Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is your project also like this? If not can u tell us, What makes your project different from other projects?
bstr156 : Our product is already working, just need to finish its audit before release! Our revenue model is pretty clear, and traffic on the marketplace will show it in action when the time comes.
Bà Tân | : Thanks for the useful information from @bstr156
Bà Tân | : End of session 3
Bà Tân | : For questions that have not been answered today, you can send them to @luxyio for answers.
Bà Tân | : IM Community, if you would like to know more about Luxy.io ! here are some useful links for you:
Official Website: https://luxy.io
Twitter: https://twitter.com/Luxy_io
Telegram: https://t.me/luxyio
Medium: https://luxy-io.medium.com
Discord: https://discord.com/invite/sewc85MMeH
bstr156 : Done! Thanks a lot guys. Was a pleasure. Join the Luxy Telegram if you have more questions! https://t.me/luxyio
Bà Tân | : Allright, I declare the Im Community AMA with Luxy.io has ended.
Thanks to @bstr156 | Luxy.io joined us and provided us with Luxy.io information, we hope that this knowledge makes us understand more about https://luxy.io (https://luxy.io/)
To the members, thank you for following this event to the end. winners will be announced soon.
